IndustryMadras State (Congress era)
Neyveli Lignite Corporation established
· Neyveli
A central public sector company was set up to mine lignite and generate power at Neyveli in South Arcot district.
Neyveli Lignite Corporation was established in 1956 to exploit the large lignite deposits found at Neyveli in present-day Cuddalore district. It developed open-cast lignite mines and pithead thermal power stations. The project became one of the largest industrial undertakings in the state and a major source of electricity for southern India. The company is now known as NLC India Limited.
