NLC India shines as its arm signs JVA with PTC India
NLC India is currently trading at Rs. 247.60, up by 3.90 points or 1.60% from its previous closing of Rs. 243.70 on the BSE.
The scrip opened at Rs. 245.95 and has touched a high and low of Rs. 249.00 and Rs. 244.90 respectively. So far 13881 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 292.35 on 07-Oct-2025 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. 249.00 and Rs. 230.00 respectively. The current market cap of the company is Rs. 34326.19 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 21.40% and 6.40% respectively.
NLC India’s (NLCIL) wholly owned subsidiary-- NLC India Renewables (NIRL) has signed a Joint Venture Agreement (JVA) with PTC India (formerly Power Trading Corporation) at Neyveli. PTC India is a leading provider of power trading solutions in India based in New Delhi. The JVC between PTC India and NLCIL, which is rapidly expanding its portfolio in Renewable Energy, will undertake the establishment, operation, and maintenance of renewable energy projects-including solar, wind, hydro, battery energy storage systems, green ammonia, and other emerging green technologies.
The collaboration envisages the development of green energy capacity upto 2000 MW, to be implemented in phases. The first phase will target around 500 MW. The new JVC will enable both organisations to pool their strengths in project development, power trading, renewable energy park creation, and integrated green energy solutions. The JVC will undertake power sales through competitive and regulated routes under Section 62 or Section 63 of the Electricity Act, targeting a mix of DISCOMs, government entities, and commercial & industrial consumers.
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.
