NLC India gets nod for investment proposal of Rs 14,944.91 crore

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

22 Jul 2022 Evaluate

NLC India has received approval for investment of Rs 14,944.91 crore for projects in Tamil Nadu. The board has approved investment proposal of establishing Mine III (peak Capacity-11.50 MTPA & Normative capacity- 8.71 MTPA) in Neyveli, Tamil Nadu at an estimated cost of Rs 3755.71 crore. Also, approved investment proposal of establishing TPS II 2 Expansion Thermal Power Station (2 X 660 MW) Neyveli, Tamil Nadu Rs 11,189.20 crore.

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

Peers

Company Name	CMP
NTPC	324.00
Tata Power	374.80
Adani Power	209.00
Power Grid Corpn.	270.00
Adani Energy Solut.	1415.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.