Special postal cover released to mark 70 years of NLCIL

CUDDALORE: The department of posts released a special cover under the theme "70 years of energising the nation with sustainability" to commemorate NLC India Limited's (NLCIL) 70-year journey. The special cover highlights NLCIL's enduring spirit and its contribution to nation-building and sustainable energy development over the past seven decades, said a release from the company.

Sayeed Rashid, postmaster general, southern region, holding additional charge of central region, released the special cover and NLCIL chairman and managing director Prasanna Kumar Motupalli received the first cover.

Later, while addressing the gathering of the 70th raising day celebrations of the company, Prasanna Kumar said NLCIL has moved from around Rs 9000 crore to more than Rs 50,000 crore market capitalisation, from a small-cap company to a mid-cap company, riding high on investor confidence resulting from ambitious targets.

Prasanna Kumar reiterated the targets set for NLCIL - doubling the mining production, tripling the thermal power generation, increasing solar power generation seven-fold and a capital expenditure (Capex) of Rs 1.25 lakh crore, all of which required concerted effort.