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The shareholders’ of Neyveli Lignite Corporation has given their approval for changing the name of the company to NLC India Ltd.
It has said in a regulatory filing that the approval was sought through a special resolution via postal ballot for the change of name of Neyveli Lignite Corporation Ltd to NLC India Ltd and consequent alteration to memorandum of association and articles of association of the company.
The company had said last month on explaining the reasons behind the move that it has embarked on an expansion dive to add power generation capacity by foraying into coal and renewable energy sources such as solar and wind power.
It also aims to acquire power assets and to engage in coal mining besides developing domestic coal blocks.
