NLC India moves up on securing 810 MW solar photovoltaic power project in Rajasthan
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NLC India is currently trading at Rs. 136.35, up by 1.10 points or 0.81% from its previous closing of Rs. 135.25 on the BSE.
The scrip opened at Rs. 135.00 and has touched a high and low of Rs. 137.45 and Rs. 134.95 respectively. So far 51492 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.40 on 06-Sep-2023 and a 52 week low of Rs. 66.65 on 12-Oct-2022.
Last one week high and low of the scrip stood at Rs. 141.00 and Rs. 129.00 respectively. The current market cap of the company is Rs. 18962.26 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 (NLCIL) has won 810 MW Solar PV project capacity from Rajasthan Rajya Vidyut Nigam (RRVUNL). NLCIL has successfully garnered the entire capacity of the 810 MW tender floated by RRVUNL in December 2022, for developing the project RRVUNL’s 2000 MW Ultra Mega Solar Park at Pugal Tehsil, Bikaner District, Rajasthan. The Letter of Intent for this project has been issued by RRVUNL. This achievement marks a significant step forward in NLCIL's commitment to clean and sustainable energy solutions.
The land for the project and the power evacuation system connected to STU will be offered by RRVUNL, paving the way for completion of the project at shorter period. This is the largest Renewable project to be developed by the company. With this project, the capacity of power project in Rajasthan will be 1.36 GW including 1.1 GW of green power, bringing economies of scale and optimized fixed costs.
NLC India is engaged in the business of lignite mining and power generation.
