NLC India surges on commissioning 130 MW Solar Power Project at Neyveli

02 Jan 2018 Evaluate

NLC India is currently trading at Rs. 117.60, up by 9.10 points or 8.39% from its previous closing of Rs. 108.50 on the BSE.

The scrip opened at Rs. 110.50 and has touched a high and low of Rs. 119.75 and Rs. 110.50 respectively. So far 3,38,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.00 on 23-Mar-2017 and a 52 week low of Rs. 76.00 on 02-Jan-2017.

Last one week high and low of the scrip stood at Rs. 119.75 and Rs. 105.00 respectively. The current market cap of the company is Rs. 17,884.00 crore.

The promoters holding in the company stood at 89.32%, while Institutions and Non-Institutions held 8.68% and 1.99% respectively.

NLC India has now crossed a significant milestone by commissioning its prestigious 130 MW Solar Power Project at 33/110 KV Pooling Substation, Bock-14, Neyveli, on January 1, 2018. This 130 MW Solar power project has been implemented in two blocks of 65 MW each. BHEL was engaged for executing one block of 65 MW with deployment of Indigenous solar modules and Jakson Engineers was entrusted for executing another block of 65 MW with the deployment of Indigenous solar cells and modules.

The project is spread over four different locations within Neyveli and the power evacuated from each site are connected to the Pooling Sub-station which has been established at the cost of Rs 38.10 crore by engaging GE T&D. The total project cost works out to Rs 752.62 crore including Viability Gap Funding of Rs 97.50 crore under the CPSU’s scheme of MNRE.

NLC India is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.


Neyveli Lignite Share Price

258.55 1.10 (0.43%)
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