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NLC India surges on foraying into power trading

13 Jun 2018 Evaluate

NLC India is currently trading at Rs. 88.65, up by 1.55 points or 1.78% from its previous closing of Rs. 87.10 on the BSE.

The scrip opened at Rs. 87.60 and has touched a high and low of Rs. 90.85 and Rs. 87.30 respectively. So far 44870 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.75 on 02-Jan-2018 and a 52 week low of Rs. 79.60 on 14-May-2018.

Last one week high and low of the scrip stood at Rs. 90.85 and Rs. 83.60 respectively. The current market cap of the company is Rs. 13527.83 crore.

The promoters holding in the company stood at 84.04%, while Institutions and Non-Institutions held 13.15% and 2.81% respectively.

NLC India (NLCIL) has transformed itself to an energy major with its business ventures into Coal Mining, Coal based Power Generation and Generation of Power from renewable (Solar and Wind) in a big way. Now, as a part of its business promotion and diversification plan NLCIL has joined the league of Accredited Power Traders in the country with CERC granting it Category I Licence for power trading.

NLCIL took up to trading of Un-Requisitioned Surplus Power (URS) in the year 2016 through NTPC Vidyut Vyapar Nigam (NVVN) and earned a revenue of Rs 134 crore from power trading in the year 2016-17 which went up to Rs 294 crore in the year 2017-18. Now NLCIL will take up trading of power in power market as an independent power trader. It plans to carry out the trading activity through an exclusively power trading arm for trading power by procuring power from other GENCOS through bilateral agreements.

The trading of surplus power in the market will pave the way for effective utilisation of generating capacity of GENCOS by catering to needy procurers by utilising the surrendered/surplus power which otherwise would have gone waste. The trading licence in favour of NLCIL now strengthens the company's endeavour to contribute to the Nation's Growth by facilitating efficient usage of power.

NLC India is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.

NLC India Share Price

327.65 7.45 (2.33%)
29-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 356.00
Tata Power 386.45
Power Grid Corpn. 286.45
Adani Power 226.85
Torrent Power 1419.55
View more..

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