Neyveli Lignite surges on plan to generate additional 1,500 MW power in 5 months

07 Jul 2014 Evaluate

Neyveli Lignite Corporation is currently trading at Rs 102.55, up by 3.55 points or 3.59% from its previous closing of Rs 99.00 on the BSE.

The scrip opened at Rs 100.60 and has touched a high and low of Rs 103.80 and Rs 100.60 respectively. So far 99404 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 108.50 on 26-May-2014 and a 52 week low of Rs 49.00 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs 102.70 and Rs 96.00 respectively. The current market cap of the company is Rs 17137.80 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 8.35% and 1.65% respectively.

Neyveli Lignite Corporation (NLC), the public sector lignite mining and power generation enterprise owned new thermal power stations in state of Tamil Nadu would generate additional 1,500 MW power within five months. The four new thermal units with a capacity of 1,500 MW will be commissioned at Neyveli and Tuticorin.

Of the four units, the expansion of two units at Neyveli Thermal Power Station-II with a capacity of 250 MW each is on verge of completion at a cost of Rs 3,027.59 crore. Other two units with generating capacity of 500 MW each under a joint venture with Tamil Nadu Generation and Distribution Corporation would also be commissioned within five months at a cost of about Rs 4,910 crore.

Neyveli Lignite Corporation is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines with a capacity of about 30.60 million tonnes per annum, and is generating 2490 MW of power.

 

Neyveli Lignite Share Price

228.30 -2.80 (-1.21%)
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