29-09-2023 05:37 PM | Source: Accord Fintech
NLC India shines on inking PPA with GRIDCO

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NLC India is currently trading at Rs. 133.50, up by 5.15 points or 4.01% from its previous closing of Rs. 128.35 on the BSE.

The scrip opened at Rs. 132.35 and has touched a high and low of Rs. 136.80 and Rs. 131.15 respectively. So far 453394 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. 65.05 on 30-Sep-2022.

Last one week high and low of the scrip stood at Rs. 136.80 and Rs. 127.45 respectively. The current market cap of the company is Rs. 18622.53 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 has signed a Power Purchase Agreement (PPA) with GRIDCO in Bhubaneswar, Odisha for 400MW in Stage-1 and 400 MW in Stage-2 of the company's proposed Neyveli Talabira Super Critical Thermal Power Station (NTTPP) in Odisha. With this agreement, the company has tied up its full capacity of 2400 MW of Neyveli Talabira Super Critical Thermal Power Station Stage-1. 

The company has already signed a similar agreement in the past with Tamil Nadu, Kerala and Pondicherry for 1,500 MW, 400 MW, and 100 MW power supply respectively from Neyveli Talabira Super Critical Thermal Power station Stage-I and in the second phase of 1x800 MW capacity of NTTPP, 400MW is tied up now with GRIDCO Odisha on September 28, 2023. 

NLC India is engaged in the business of lignite mining and power generation.