NLC India Limited Signs PPA with GRIDCO Limited for 800MW

NLC India Limited (NLCIL) and GRIDCO Limited signed a Power Purchase Agreement (PPA) today in GRIDCO Limited in Bhubaneswar for 400MW in Stage-1 and 400 MW in Stage-2 of NLCIL's proposed Neyveli Talabira Super Critical Thermal Power Station (NTTPP) in Odisha. With this agreement, NLCIL has tied up its full capacity of 2400 MW of Neyveli Talabira Super Critical Thermal Power Station Stage-1.

In the august presence of Shri M. Prasanna Kumar Motupalli, Chairman & Managing Director (CMD), NLC India Ltd and Shri Trilochan Panda, Managing Director, GRIDCO Limited and Shri Gagan Bihari Swain, Director (F&CA), GRIDCO Limited, the Power Purchase Agreement was signed by Shri. M Venkatachalam, Director/Power, NLC India Limited and Shri. Umakanta Sahoo, Director (T&BD), GRIDCO Limited.

NLCIL has already signed a similar agreement in the past with Tamil Nadu, Kerala and Pondicherry for 1,500 MW, 400 MW, and 100 MW power supply respectively from Neyveli Talabira Super Critical Thermal Power station Stage-I and in the second phase of 1x800 MW capacity of NTTPP, 400MW is tied up now with GRIDCO Odisha today.

Shares of NLC India Limited was last trading in BSE at Rs. 128.35 as compared to the previous close of Rs. 130.95. The total number of shares traded during the day was 47532 in over 941 trades.

The stock hit an intraday high of Rs. 131.50 and intraday low of 127.45. The net turnover during the day was Rs. 6131718.00.

Source : Equity Bulls

Keywords

NLCIndia INE589A01014 GRIDCO PPA Bhubaneswar 800MW