Neyveli Lignite Corporation is currently trading at Rs. 80.30, up by 7.00 points or 9.55% from its previous closing of Rs. 73.30 on the BSE.
The scrip opened at Rs. 75.50 and has touched a high and low of Rs. 81.90 and Rs. 75.50 respectively. So far 110365 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 108.20 on 10-Jun-2014 and a 52 week low of Rs. 65.25 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 81.90 and Rs. 69.20 respectively. The current market cap of the company is Rs. 13396.51 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 is planning to start two investment projects with a total investment of Rs 5,328 crore, including to set up Bithnok Lignite Mine (2.25 million tonne of Lignite) cum Thermal Power Project. This expansion is part of achieving a lignite mining capacity of 49.50 MTPA compared to a present capacity of 30.60 MTPA and a total generating capacity of about 12,221 MW against the present capacity of 2,990 MW, by the end of 13th five year plan in 2022. The company has received its board approval for investment in establishing Barsingsar Thermal Power Station Extension (BTPSE- 2X125 Mw) and Lignite Mine at Hadla (1.9 Million Tonnes of Lignite) at a cost of Rs 2628 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, while it can produce about 2,740 MW of power from four power plants.
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