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Neyveli Lignite Corporation trades higher on the BSE

19 Feb 2013 Evaluate

Neyveli Lignite Corporation is currently trading at Rs 78.75, up by 0.35 points or 0.45% from its previous closing of Rs 78.40 on the BSE.

The scrip opened at Rs. 78.50 and has touched a high and low of Rs. 79.00 and Rs. 77.75 respectively.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 102.50 on 21-Feb-2012 and a 52 week low of Rs 70.60 on 25-May-2012.

Last one week high and low of the scrip stood at Rs 83.80 and Rs. 76.85 respectively. The current market cap of the company is Rs 13203.57 crore.

The promoters holding in the company stood at 93.56%, while Institutions and Non-Institutions held 4.87% and 1.57% respectively.

The NLC-Tamil Nadu Power, a JV between Neyveli Lignite Corporation and the Tamil Nadu Generation and Distribution Corporation (Tangedco), has inked Rs 937crore loan agreement with a Bank of India led consortium to tie up funds for 1,000 MW power project. 

The NLC-Tamil Nadu Power JV was formed for the 2x500 MW power plant in Tuticorin in Tamil Nadu. In the project whose estimated cost of Rs 4,909.54-crore, NLC holds an 89% stake with Tangedco holding the remaining. In 2010, a bank consortium led by Bank of Baroda had lent Rs 2,500 crore to the JV.

The power generated from this project will cater to the states in the Southern Region. Power purchase Agreements (PPA’s) have been signed with Tangedco and other SEBs.

 

Neyveli Lignite Share Price

308.10 7.60 (2.53%)
20-Apr-2026 10:48 View Price Chart
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