NLC India Ltd updates on Power allocation order issued by Ministry of Power

NLC India Ltd, through its Joint Venture Company Neyveli Uttar Pradesh Power Ltd. (NUPPL) is in the process of setting up of 1980 MW (3 x 660 MW) Coal based Thermal Power Project at Ghatampur, Kanpur Dist., Uttar Pradesh (UP). With allocation order issued by Ministry of Power (Dt: 15.02.2023), entire Power of 1980 MW has been now tied up with Uttar Pradesh (1487.28 MW) and Assam (492.72 MW). The erection and commissioning activities of the project are in advanced stage.

NLC India Ltd, has also planned to setup another Coal based Pit Head Thermal Power Project of 2400 MW (3 x 800 MW) at Talabira, Jharsuguda Dist., Odisha. For this project also, entire power has been tied up with Ministry of Power's Power Allocation Order dated 15.02.2023 (Tamil Nadu 1500 MW, Union Territory of Pondicherry 100 MW, Kerala 400 MW and Odisha 400 MW). A Single package EPC Tender for this project has already been floated and techno commercial evaluation of bids are in advanced stage of completion.

Shares of NLC India Limited was last trading in BSE at Rs. 78.05 as compared to the previous close of Rs. 76.30. The total number of shares traded during the day was 316058 in over 1632 trades.

The stock hit an intraday high of Rs. 78.65 and intraday low of 76.00. The net turnover during the day was Rs. 24598930.00.

Source : Equity Bulls

Keywords

NLCIndia INE589A01014 PowerAllocationOrder MinistryofPower