The 17th Public Sector Day was observed at the Neyveli headquarters of NLC India Limited (NLCIL), which reaffirmed the crucial role of CPSEs in propelling India’s economic growth and industrial development. A SCOPE, or Standing Conference of Public Enterprises, sponsored the gathering.
The size and impact of India’s public sector were emphasised by Chairman and Managing Director Prasanna Kumar Motupalli, who spoke to the audience. He mentioned that more than 450 PSUs contribute ₹5 lakh crore to the national exchequer, earn ₹38 lakh crore in revenue, and account for investments exceeding ₹100 lakh crore. With an annual expenditure of ₹8,000 crore on corporate social responsibility (CSR) programs, he further emphasised their wider socio-economic importance.
With an eye on NLCIL’s future growth, Motupalli laid up a bold expansion strategy that would see the company’s power generation capacity tripled, mining output doubled, and renewable energy capacity scaled up sevenfold. Within the next four years, the corporation aims to match its combined investment of the last seven decades, with a targeted capital expenditure of ₹1.25 lakh crore supporting the goal.
A fivefold increase in the company’s market capitalisation in the last three years is only one example of the impressive financial and market performance that the CMD praised. Performance in mining, power generation, renewable energy, human resources, and finance, he said, will propel NLCIL to a “Golden Year” in FY2025-26.
While establishing NLCIL as a major player in India’s changing energy and industrial scene, the event reaffirmed the significance of integrity, safety, and operational excellence as growth enablers.
