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NLCIL faces scrutiny over ₹332 crore cost overrun

pre-market1 source ↓written by the desknot a recommendation

project includes housing
₹192 crore

Neyveli Lignite Corporation India Ltd (NLCIL) is under investigation for bypassing tender norms in appointing a project management consultant, leading to a cost overrun of ₹332 crore for a township project in Odisha. This has sparked demands for a CBI inquiry, potentially impacting future project approvals.

The ₹192 crore project includes housing for employees and essential facilities, now mired in legal issues, which may affect NLCIL's operational timeline and investor sentiment.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 4 Nov 2025, 09:06 IST.

Sourcesnews.google.com

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