NLC India zooms on getting nod to incorporate JV company
NLC India is currently trading at Rs. 247.00, up by 10.65 points or 4.51% from its previous closing of Rs. 236.35 on the BSE.
The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 257.00 and Rs. 245.30 respectively. So far 712569 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. 257.00 and Rs. 230.35 respectively. The current market cap of the company is Rs. 34055.80 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 has received approval for incorporation of a joint venture (JV) company with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) with equity participation of the Company and RVUNL in the ratio of 74:26 for establishing, maintaining and operating 3 x 125 MW Lignite based Thermal Power Station and to develop and operate lignite mines to meet the requirements of the Thermal Power Plant, subject to compliance of DIPAM guidelines and necessary approvals of MoC and other departments, as may be required.
The Board of Directors of the Company at their meeting held on May 19, 2025, has approved the same.
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.
