NLC India rises on emerging as successful bidder for Machhakata coal mine in Odisha
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NLC India is currently trading at Rs. 268.00, up by 6.45 points or 2.47% from its previous closing of Rs. 261.55 on the BSE.
The scrip opened at Rs. 268.05 and has touched a high and low of Rs. 272.00 and Rs. 264.20 respectively. So far 460662 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 293.60 on 05-Feb-2024 and a 52 week low of Rs. 105.85 on 31-Jul-2023.
Last one week high and low of the scrip stood at Rs. 268.20 and Rs. 236.55 respectively. The current market cap of the company is Rs. 37030.13 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 20.08% and 7.73% respectively.
NLC India has emerged as successful bidder for Machhakata (Revised) Coal Mine in Angul District of Odisha subsequent to the commercial coal block E-auction held on February 2, 2024 by Ministry of Coal.
The Coal Mine Block is having a total coal reserve of 1377 Million Tonnes (around) with a peak rated capacity of 30 Million Tonnes Per Annum. This is the second commercial coal mine block for NLC India and the Company is committed towards its capacity addition in line with the Corporate Plan.
NLC India is engaged in the business of lignite mining and power generation.
