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| Exchange Disseminated Time | The Exchange had sought clarification from Neyveli Lignite Corporation Ltd with respect to news appearing in Financial Chronicle on April 10, 2015 titled "NLC signs MoU with Kobe Steel."
Neyveli Lignite Corporation Ltd replied stating "It is hereby clarified that NLC has entered into a Memorandum of Understanding" (MoU) with M/s. Kobe Steel Limited of Japan for undertaking a joint research & development project and feasibility study for setting up a power generation project based on upgraded brown coal (Lignite). Based on the feasibility after the above study, further decision on the will be taken in this regard." |
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