NLC India rises as its arm gets LoA from Tamil Nadu Green Energy Corporation
NLC India is currently trading at Rs. 225.55, up by 2.75 points or 1.23% from its previous closing of Rs. 222.80 on the BSE.
The scrip opened at Rs. 224.10 and has touched a high and low of Rs. 229.65 and Rs. 222.65 respectively. So far 44470 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. 234.00 and Rs. 220.25 respectively. The current market cap of the company is Rs. 31240.92 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 has received a Letter of Award (LoA) from Tamil Nadu Green Energy Corporation (TNGECL) for the development of three standalone Battery Energy Storage System (BESS) projects with an aggregate capacity of 250 MW/500 MWh, with complete two cycles of charging /discharging for on-demand usage. This is the first large-scale BESS project to be undertaken by NLCIL Group and marks a major milestone.
The projects shall be implemented under the Build-Own-Operate (BOO) model with Viability Gap Funding (VGF) support under the State component, and are to be located at 400/230/110 kV Ottapidaram SS, 400/230/110 kV Anuppankulam SS and 400/230/110 kV Kayathar SS in Tamilnadu. The project has been awarded through Competitive Bidding process.
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.
