NLCIL signed PPA with Kerala State Electricity Board Limited for procuring 400 MW from Talabira Thermal Power Project

NLC India Limited (NLCIL) & Kerala State Electricity Board Limited (KSEBL) signed Power Purchase Agreement (PPA) for procuring 400 MW from the upcoming NLC Talabira Thermal Power Project of 2400 MW capacity (3 X 800 MW) at Talabira, Odisha on 19.10.2022 at the Secretariat of Kerala, Thiruvananthapuram.

The PPA was exchanged by Shri Rakesh Kumar, Chairman-cumManaging Director of NLC India Limited and Dr. Rajan N Khobragade, IAS Chairman-cum-Managing Director 'of Kerala State Electricity Board Limited in the august presence of Shri K Krishnankutty, Hon'ble Minister for Electricity, Kerala, Shri Siji Jose, Director (Generation - Electrical)/KSEBL, Shri Shaji John, Director (Power)/NLCIL and Shri L Chandrasekar, IFS, CVO/NLCIL.

The Agreement was signed by Shri Shaji John, Director (Power), NLCIL and Shri Siji Jose, Director (Generation - Electrical), Kerala State Electricity Board. Earlier, Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) and Electricity Department, Govt. of Puducherry has signed PPA with NLC India Limited for procuring 1500 MW and 100 MW respectively.

Shares of NLC India Limited was last trading in BSE at Rs. 69.85 as compared to the previous close of Rs. 71.60. The total number of shares traded during the day was 154225 in over 2042 trades.

The stock hit an intraday high of Rs. 71.45 and intraday low of 69.55. The net turnover during the day was Rs. 10848805.00.

Source : Equity Bulls

Keywords

NLCIndia INE589A01014 KSEBL PowerPurchaseAgreement 400MW NLCTalabiraThermalPowerProject