NLC India jumps on starting biomass co-firing at Tamil Nadu plant
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NLC India is currently trading at Rs. 185.20, up by 3.50 points or 1.93% from its previous closing of Rs. 181.70 on the BSE.
The scrip opened at Rs. 183.75 and has touched a high and low of Rs. 189.50 and Rs. 181.65 respectively. So far 94349 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 189.85 on 04-Dec-2023 and a 52 week low of Rs. 69.79 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 189.85 and Rs. 161.85 respectively. The current market cap of the company is Rs. 25708.24 crore.
The promoters holding in the company stood at 79.20%, while Institutions and Non-Institutions held 14.44% and 6.37% respectively.
NLC India has started biomass co-firing in its coal-based thermal power station NLC Tamilnadu Power (NTPL) at Tuticorin on December 5, 2023. NTPL is a joint venture company of NLC India and TANGEDCO (Tamil Nadu Generation and Distribution Company). This step is set to reduce the coal consumption partially and utilises the waste biomass in a useful means. The stubble waste which would have been burnt without any usage is being pelletised and blended with coal for combustion in power station.
NLC India is engaged in the business of lignite mining and power generation.
