New Delhi, March 21 -- NLC India has recently been in the news after a parliamentary standing committee on coal, mines, and steel stated in its report that the company failed to meet its lignite production target for FY24.

The report said the company produced 23.68 million tonnes (mt) of lignite against a production target of 26.5 mt, achieving only 83.36% of the target.

Of the three coal-producing public sector undertakings (PSUs), the company was the only one that did not meet its target.

Note that 23.68 mt is 78.9% of NLC's lignite mining capacity. NLC India has a total mining capacity of 50 million tonnes per annum (MTPA), with 30 mtpa for lignite and 20 mtpa for coal.

The average plant availability for NLC's portfolio also remain...