NLC India inches up as its JV inks pact to supply 492 MW of electricity to Assam
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NLC India is currently trading at Rs. 99.05, up by 0.02 points or 0.02% from its previous closing of Rs. 99.03 on the BSE.
The scrip opened at Rs. 97.39 and has touched a high and low of Rs. 100.65 and Rs. 97.09 respectively. So far 55899 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 102.90 on 12-Jun-2023 and a 52 week low of Rs. 58.35 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 102.90 and Rs. 97.09 respectively. The current market cap of the company is Rs. 13734.64 crore.
The promoters holding in the company stood at 79.20%, while Institutions and Non-Institutions held 11.87% and 8.93% respectively.
NLC India’s joint venture -- Neyveli Uttar Pradesh Power has inked a pact to supply 492 MW of electricity to Assam from its 1,980 MW Ghatampur thermal plant. This reliable energy supply will not only meet the growing demand for electricity in Assam but also contribute towards the development and progress of various sectors in the state.
Neyveli Uttar Pradesh Power (NUPPL), a joint venture of NLC India and Uttar Pradesh Rajya Vidyut Utpadan Nigam, is setting up a coal-based supercritical thermal power plant with a capacity of 1,980 MW (3 x 660 MW) at Ghatampur Tehsil in Kanpur Nagar District, Uttar Pradesh, with 51:49 equity participation.
NLC India is engaged in the business of lignite mining and power generation.
