NLC India Limited signed a Memorandum of Understanding with the Government of Tamilnadu during the Global Investors Meet held at Chennai on 23 and 24 of January 2019 for setting up of Mines & Power Projects in Tamil Nadu. Already NLCIL has a joint Venture Project of 1,000 MW Coal based Thermal Power Station with TANGEDCO, operating at Tuticorin, Tamil Nadu. In addition, on January 24, 2019, NLC India Ltd. signed an MoU with Government of Tamil Nadu to set up a 15.5 Million Tonnes Per Annum (MTPA) capacity Lignite Mines, 2,640 MW Lignite based Thermal Power Project and 1,000 MW Renewable (Solar) Project in Tamil Nadu at an estimated cost of INR 238,000 million. The envisaged investment in the Projects would approximately generate direct employment for 1,250 persons and indirect employment for 7,500 persons.