NLC India trades higher on getting nod for investment proposal of Rs 14,944.91 crore
NLC India is currently trading at Rs. 68.35, up by 0.80 points or 1.18% from its previous closing of Rs. 67.55 on the BSE.
The scrip opened at Rs. 68.45 and has touched a high and low of Rs. 69.20 and Rs. 67.85 respectively. So far 119006 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.40 on 04-May-2022 and a 52 week low of Rs. 49.90 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 69.65 and Rs. 67.05 respectively. The current market cap of the company is Rs. 9436.06 crore.
The promoters holding in the company stood at 79.20%, while Institutions and Non-Institutions held 11.01% and 9.79% respectively.
NLC India has received approval for investment of Rs 14,944.91 crore for projects in Tamil Nadu. The board has approved investment proposal of establishing Mine III (peak Capacity-11.50 MTPA & Normative capacity- 8.71 MTPA) in Neyveli, Tamil Nadu at an estimated cost of Rs 3755.71 crore. Also, approved investment proposal of establishing TPS II 2 Expansion Thermal Power Station (2 X 660 MW) Neyveli, Tamil Nadu Rs 11,189.20 crore.
NLC India is engaged in the business of lignite mining and power generation.
