NLC India surges on engaging Engineers India as project management consultant for methanol project

NLC India Ltd. | Power Generation/Distribution | Power | BSE: 513683 | NSE: NLCINDIA

15 Jun 2022 Evaluate

NLC India is currently trading at Rs. 67.70, up by 0.55 points or 0.82% from its previous closing of Rs. 67.15 on the BSE.

The scrip opened at Rs. 68.55 and has touched a high and low of Rs. 69.45 and Rs. 67.30 respectively. So far 193798 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.40 on 04-May-2022 and a 52 week low of Rs. 49.90 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 75.25 and Rs. 66.05 respectively. The current market cap of the company is Rs. 9429.13 crore.

The promoters holding in the company stood at 79.20%, while Institutions and Non-Institutions held 11.07% and 9.74% respectively.

NLC India (NLCIL) has engaged Engineers India as project management consultant for methanol project. The company is planning for indigenous methanol production as per Atmanirbhar Bharat vision of Government of India and proposes to set up Methanol Project using Lignite at Neyveli, Tamilnadu with a capacity of 1200 tonnes per day (0.40 MTPA) at a capital cost of about Rs. 4400 crore. This landmark project, first of its kind, is expected to be commissioned during 2027.

NLCIL has requested the Ministry of Coal to include the project in the Centre's proposed Production Linked Incentive Scheme, under which a financial incentive would be provided for every unit of production sold. NITI AAYOG has earlier recommended to implement the project on fast track mode and will be monitoring the implementation of it.

Engineers India (EIL), a Navratna PSU functioning under Ministry of Petroleum and Natural Gas, has been engaged as Project Management Consultant for this prestigious Project. EIL's vast experience in Hydrocarbon sector coupled with NLCIL's strong project implementation team and experience shall ensure that this landmark project is successfully turned into a reality within anticipated timeline.

NLC India is engaged in the business of lignite mining and power generation.

Neyveli Lignite Share Price

328.00 -0.45 (-0.14%)

08-May-2026 16:59 View Price Chart

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