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Neyveli Lignite rises on plan to add 2500 MW capacity in the next three years

18 Aug 2014 Evaluate

Neyveli Lignite Corporation is currently trading at Rs 85.70, up by 1.05 points or 1.24% from its previous closing of Rs. 84.65 on the BSE.

The scrip opened at Rs 85.90 and has touched a high and low of Rs 85.90 and Rs 84.65 respectively. So far 3839 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 108.50 on 26-May-2014 and a 52 week low of Rs 50.60 on 27-Aug-2013.

Last one week high and low of the scrip stood at Rs 93.75 and Rs 81.50 respectively. The current market cap of the company is Rs 14319.25 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 8.30% and 1.70% respectively.

Neyveli Lignite Corporation (NLC) is planning to add 2500 mega watt (MW) capacity in the next three years. Meanwhile, the 2X250 MW TS II Expansion are yet to be ready for commissioning. Though the rectification works in the first Unit were completed and synchronised the Unit in February 2014, it could not attain stabilised operation till date due to recurring of the technical problem of Super Heater Coil in Fludized Bed Heat Exchangers (FBHE).

The Navaratna company expects Unit-I to be commissioned within this month and Unit II in October 2014, as committed by BHEL during the High Level Review meeting held by Secretary Coal last month.

Further, another 2X500 MW, joint venture NTPL project at Tuicorin, lighting up of Unit I Boiler was completed in March 2014 and it is expected that Unit I to be commissioned this month and Unit II in October 2014.

NLC is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines with a capacity of about 30.60 million tonnes per annum, while it can produce about 2,740 MW of power from four power plants.

Neyveli Lignite Share Price

299.70 -4.65 (-1.53%)
21-Apr-2026 16:59 View Price Chart
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