NLC India gains after its arm signs JVA with MAHAPREIT
NLC India is currently trading at Rs. 242.00, up by 0.25 points or 0.10% from its previous closing of Rs 241.75 on the BSE.
The scrip opened at Rs 243.95 and has touched a high and low of Rs 244.50 and Rs 241.40 respectively. So far 51031 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 311.65 on 16-Jul-2024 and a 52-week low of Rs 185.85 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs 246.40 and Rs 238.05 respectively. The current market cap of the company is Rs 33619.00 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 21.85% and 5.95% respectively.
NLC India’s wholly owned subsidiary -- NLC India Renewables (NIRL) has signed Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) on May 29, 2025. This collaboration marks a major milestone in NIRL’s strategic expansion and foray into the State of Maharashtra’s thriving renewable energy sector. The Joint Venture Company (JVC) to be formed under this agreement will be instrumental in developing up to 2000 MW of renewable energy projects including solar, wind, hybrid, floating solar, BESS, pumped storage and solar parks, with an initial focus on 500 MW in Phase I, eventually scaling to 5000 MW in Maharashtra. The JVC will have an equity structure of 74% held by NIRL and 26% by MAHAPREIT.
Under this Agreement, MAHAPREIT, will facilitate in identification & allotment of land for the projects in addition to support development of Power Evacuation System to the Grid. NIRL on the other hand will help in preparing the detailed project reports, arranging finance and Development of RE projects. The JVC will undertake power sales through competitive and regulated routes under Section 62 or Section 63 of the Electricity Act, targeting a mix of DISCOMs, government entities, and commercial & industrial consumers.
NLC India is a Navratna Government of India Enterprise, under the administrative control of Ministry of Coal. The company is engaged in the business of mining of Lignite, Coal and generation of power by using lignite as well as Renewable Energy Sources and consultancy.
