The lichen diversity assessment carried out around a coal-based thermal power plant indicated the increase in lichen abundance with the increase in distance from power plant in general. The photosynthetic pigments, protein and heavy metals were estimated in Pyxine cocoes (Sw.) Nyl., a common lichen growing around thermal power plant for further inference. Distributions of heavy metals from power plant showed positive correlation with distance for all directions, however western direction has received better dispersion as indicated by the concentration coefficient-R(2). Least significant difference analysis showed that speed of wind and its direction plays a major role in dispersion of heavy metals. Accumulation of Al, Cr, Fe, Pb and Zn in the thallus suppressed the concentrations of pigments like chlorophyll a, chlorophyll b and total chlorophyll, however, enhanced the level of protein. Further, the concentrations of chlorophyll contents in P. cocoes increased with the decreasing the distance from the power plant, while protein, carotenoid and phaeophytisation exhibited significant decrease.