PSU veteran Sarat Kumar Acharya takes charge as NLC CMD

Sarat <g data-gr-id="33">kumar</g> Acharya on Thursday assumed office  as Chairman-and-Managing Director of Neyveli Lignite Corporation Limited (NLC),  a premier Navratna Company engaged in the business of Lignite and Coal mining and Power generation.

Prior to this, Acharya served in NLC as Director (Human Resource) and with his rich and varied experience of over 35 years of working in <g data-gr-id="25">Bhel</g>, NTPC, NTPC-SAIL Power Company & NLC  now he has been appointed as the Chairman and Managing Director NLC.

Acharya hails from Odisha and had studied in prestigious Institutions like Ravenshaw College and Utkal University, Odisha. In his rich professional career, he made significant contributions in improving people processes and practices in the companies he worked and through his strategic and operational interventions he always enhanced the business results.

A <g data-gr-id="36">receipient</g> of many awards and <g data-gr-id="38">honours ,</g> Acharya is one of the few inspirational corporate leaders, whose name also finds a place in the book ‘Most Powerful HR Professionals of India’ (4th Edition), Widely travelled and well trained in India and Abroad. Acharya lends his services in academics as well as a visiting faculty to many premier Business Schools and Management Institutes.

His innovative management initiatives, strong business acumen and disciplined approach to work and life will continue to lead NLC on the paths of progress. Earlier this week under its ambitious plan to explore renewable energy sources, public sector Neyveli Lignite Corporation has set up its first 10 <g data-gr-id="30">mw</g> solar power plant at Neyveli. 

The 10 <g data-gr-id="40">mw</g> solar <g data-gr-id="41">photo voltaic</g> project at Neyveli, set up at a cost of Rs 74.60 crore, is the first Renewable Energy project commissioned by Neyveli Lignite Corporation, a company statement said. 

Neyveli Lignite Corporation Chairman and Managing Director B Surender Mohan formally inaugurated the project at a function today, it said.

The plant spread across 54 acres, has 48,000 solar <g data-gr-id="23">photo voltaic</g> modules, each with power generating capacity of 240 <g data-gr-id="34">watt</g>. 

Power generated from this factory would be evacuated through 33 KV power station and fed into the Tamil Nadu Generation and Distribution Corporation, the sole beneficiary.

On the status of other projects taken up by the company, the release said NLC was setting up a 51 MW wind power plant at Kazhuneerkulam village in Tirunelveli district.