NLC India rises on entering into joint venture with UP government to set up thermal power plant
NLC India is currently trading at Rs. 116.30, up by 0.60 points or 0.52% from its previous closing of Rs. 115.70 on the BSE.
The scrip opened at Rs. 116.40 and has touched a high and low of Rs. 116.60 and Rs. 115.15 respectively. So far 18222 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 121.45 on 25-Jul-2023 and a 52 week low of Rs. 65.05 on 30-Sep-2022.
Last one week high and low of the scrip stood at Rs. 118.85 and Rs. 105.85 respectively. The current market cap of the company is Rs. 16133.52 crore.
The promoters holding in the company stood at 79.20%, while Institutions and Non-Institutions held 13.14% and 7.66% respectively.
NLC India has entered into a joint venture with the UP government to set up a thermal power plant at a cost of Rs 19,406 crore. The plant will come up at Ghatampur near Kanpur in Uttar Pradesh. The 1,980 MW plant will have three units of 660 MW each. The first phase of the project will start generating power by the end of this year. Once fully operational, around 1,478.28 MW power will be supplied to Uttar Pradesh and the remaining 492.72 MW to Assam.
NLC India is engaged in the business of lignite mining and power generation.
