NLC India Ltd approves investment proposals

The Board of Directors of NLC India Ltd at its Meeting held on Thursday, 21% July, 2022, has accorded approval for the investment proposal of establishing Mine III (peak Capacity - 11.50 MTPA & Normative capacity - 8.71 MTPA) in Neyveli, Tamil Nadu at an estimated cost of Rs. 3755.71 crore.

The board also aproved investment proposal of establishing TPS II 2nd Expansion Thermal Power Station (2 X 660 MW) Neyveli, Tamil Nadu Rs. 11,189.20 crore.

Shares of NLC India Limited was last trading in BSE at Rs. 67.55 as compared to the previous close of Rs. 67.75. The total number of shares traded during the day was 88412 in over 1711 trades.

The stock hit an intraday high of Rs. 68.25 and intraday low of 67.05. The net turnover during the day was Rs. 5973678.00.

Source : Equity Bulls

Keywords

NLCIndia INE589A01014 InvestmentProposals Approval