NLC India surges on signing JV agreement with NALCO
NLC India is currently trading at Rs. 301.00, up by 6.90 points or 2.35% from its previous closing of Rs. 294.10 on the BSE.
The scrip opened at Rs. 298.90 and has touched a high and low of Rs. 304.85 and Rs. 295.25 respectively. So far 84460 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 387.70 on 14-May-2026 and a 52 week low of Rs. 222.55 on 11-Jul-2025.
Last one week high and low of the scrip stood at Rs. 317.80 and Rs. 292.00 respectively. The current market cap of the company is Rs. 41737.76 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 21.90% and 5.91% respectively.
NLC India and National Aluminium Company (NALCO), a Navratna Central Public Sector Enterprise under the Ministry of Mines, have signed a Joint Venture Agreement for development of a 4 x 270 MW (1,080 MW) Coal-based Captive Thermal Power Plant at Angul, Odisha.
The Joint Venture Company will be jointly promoted by the company and NALCO with an equal equity participation of 50:50. The Joint Venture will develop, finance, construct, own and operate the 1,080 MW captive thermal power plant, ensuring a reliable long-term power supply to support the expansion project.
