Neyveli Lignite Corporation is currently trading at Rs. 84.15, up by 0.65 points or 0.78% from its previous closing of Rs. 83.50 on the BSE.
The scrip opened at Rs. 83.55 and has touched a high and low of Rs. 85.40 and Rs. 83.55 respectively. So far 16527 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 97.50 on 05-Nov-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. 88.10 and Rs. 82.10 respectively. The current market cap of the company is Rs. 14109.54 crore.
The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 8.38% and 1.62% respectively.
Neyveli Lignite Corporation (NLC) is planning to take the total power generation capacity to 12,221 mega watt(MW) from the current 2740 MW. In this regard, the company is planning to set up over 600 mega watt (MW) of solar based power generation. The lignite-based power producer has been looking at coal and now entering into renewable including solar and wind.
The company is setting up smaller solar projects of 10/15 MW capacity in Tamil Nadu and Rajasthan with a total capacity of 50 MW. In addition to these solar projects, it is proposed to install 100 MW solar project at Neyveli, for which identification of suitable land is under progress.
Further, the company is in talks with Tamil Nadu government and with other states government to get required and for setting up of higher capacity solar projects of 500 MW and above. These projects will be implemented based on land availability and techno economic viability of the project.
Neyveli Lignite Corporation is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.
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