NLC India inches up as its arm signs Power Purchase Agreement with RVUNL
NLC India is currently trading at Rs 217.90, up by 0.15 points or 0.07% from its previous closing of Rs. 217.75 on the BSE.
The scrip opened at Rs. 215.65 and has touched a high and low of Rs. 221.45 and Rs. 215.65 respectively. So far 24572 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. 233.35 and Rs. 215.65 respectively. The current market cap of the company is Rs. 30547.60 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 (NLCIL) 100% subsidiary -- NLC India Renewables (NIRL) has signed the Power Purchase Agreement (PPA) for its upcoming 810 MW Solar Power Project with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL). This flagship project at Pugal Solar Park, Bikaner District marks a significant milestone in NLCIL's journey towards becoming a major player in the renewable energy space. The project is being developed in the barren lands of Bikaner District and the proposed site is bestowed with abundant Solar radiation.
The project was awarded through a competitive tariff-based bidding process by RVUNL. The project is being implemented under the MNRE's Ultra Mega Renewable Energy Power Park (UMREPP) Scheme - Mode 8. NLCIL was the first CPSU in the country to establish 1 GW of Renewable energy projects in the country and is continuing its pursuits in the field of Renewable energy and the 810 MW PugaI solar project is a testament to these efforts.
The project is expected to generate approximately 2 billion units (BU) of green electricity annually and offset approximately 1.5 million metric tons of CO2 emissions per year, as per the terms of PPA, playing a vital role in India's transition to a low-carbon economy. The project will be established within the infrastructure of the 2000 MW Pugal Solar Park being developed by RVUNL.
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.
