NLC INDIA LTD.
NSE : NLCINDIABSE : 513683ISIN
CODE : INE589A01014Industry : Power Generation/DistributionHouse
: PSU
BSE228.25-10.45 (-4.38 % )
PREV CLOSE (Rs.) 238.70
OPEN PRICE (Rs.) 241.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 382634
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE228.20 -10.45 (-4.38 % )
PREV CLOSE(Rs.) 238.65
OPEN PRICE (Rs.) 240.25
BID PRICE (QTY) 228.20 (3286 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 4557065
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 02-Apr-2024 | NLC India informs about disclosure | <p style="text-align: justify;">NLC India has informed that the exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon Life India Trustee.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 01-Apr-2024 | NLC India informs about company's achievement | <p style="text-align: justify;">NLC India has informed that the Snapshot of the highlights of the Company's achievement for the FY 2023-24 is enclosed. </p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 14-Mar-2024 | NLC India informs about disclosure | <div style="text-align: justify;">NLC India has informed that the exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for President of India, Ministry of Coal, Government of India.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </div> |
| 11-Mar-2024 | NLC India inks MoU with Government of Rajasthan for formation of joint venture | <p style="text-align: justify;">NLC India (NLCIL) has signed a memorandum of understanding (MoU) with the Government of Rajasthan for Formation of Joint Venture to set up 125 MW Lignite Based Power Plant and 1000 MW Solar Power Plant. The MoU between NLC India and RVUNL (Rajasthan Rajya Vidyut Utpadan Nigam) entails a staggering investment of more than Rs 7000 crore. The MoU exchange signifies a resolute step towards sustainable and robust energy infrastructure, aligning with the Nation's Ambitious Renewable Energy targets.</p><p style="text-align: justify;">Among the notable projects, the MoU outlines the establishment of a 125 MW Lignite Pit-head Thermal Power Plant in Bikaner district and a massive 1000 MW Solar Power Plant, further reinforcing NLCIL's commitment to renewable energy initiatives. Additionally, a LoI for the setup of an 810 MW solar power plant has already been issued. This is in line with corporate plan of NLC India to become a power major of 17 GW capacity with more than 6 GW renewable capacity by 2030.</p><p style="text-align: justify;">NLC India is engaged in the business of lignite mining and power generation.</p><div style="text-align: justify;"><br></div> |
| 11-Mar-2024 | NLC India informs about issuance of duplicate share certificates | <p style="text-align: justify;">Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in terms of SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, NLC India has informed that the Registrar & Share Transfer Agent of the Company has issued Duplicate Share Certificates on 11th March, 2024 in lieu of the Original Share Certificates which were reported to be lost by the respective shareholders and Letter of Confirmation will be issued to the said shareholders. Details of the shareholder and share certificate are enclosed. </p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </p> |
| 11-Mar-2024 | NLC India shines on inking MoU with Government of Rajasthan for formation of joint venture | <p style="text-align: justify;">NLC India is currently trading at Rs. 235.20, up by 17.00 points or 7.79% from its previous closing of Rs. 218.20 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 238.05 and has touched a high and low of Rs. 244.60 and Rs. 230.35 respectively. So far 1728797 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 293.60 on 05-Feb-2024 and a 52 week low of Rs. 69.79 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 244.60 and Rs. 217.10 respectively. The current market cap of the company is Rs. 32877.15 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 79.20%, while Institutions and Non-Institutions held 14.36% and 6.44% respectively.</p><p style="text-align: justify;">NLC India (NLCIL) has signed a memorandum of understanding (MoU) with the Government of Rajasthan for Formation of Joint Venture to set up 125 MW Lignite Based Power Plant and 1000 MW Solar Power Plant. The MoU between NLC India and RVUNL (Rajasthan Rajya Vidyut Utpadan Nigam) entails a staggering investment of more than Rs 7000 crore. The MoU exchange signifies a resolute step towards sustainable and robust energy infrastructure, aligning with the Nation's Ambitious Renewable Energy targets.</p><p style="text-align: justify;">Among the notable projects, the MoU outlines the establishment of a 125 MW Lignite Pit-head Thermal Power Plant in Bikaner district and a massive 1000 MW Solar Power Plant, further reinforcing NLCIL's commitment to renewable energy initiatives. Additionally, a LoI for the setup of an 810 MW solar power plant has already been issued. This is in line with corporate plan of NLC India to become a power major of 17 GW capacity with more than 6 GW renewable capacity by 2030.</p><p style="text-align: justify;">NLC India is engaged in the business of lignite mining and power generation.</p><div style="text-align: justify;"><br></div> |
| 07-Mar-2024 | Updates on Notice of Offer for Sale of Shares by Promoter | With reference to the earlier announcement dated March 06, 2024 regarding Notice of Offer for Sale of Shares by Promotes, The President of India, acting through the Ministry of Coal, Government of India (the "Seller") has informed BSE that : "We refer to the Notice dated March 6, 2024 sent by the Seller to the BSE Limited and National Stock Exchange of India Limited ("Stock Exchanges"), whereby the Seller proposed to sell 5.00% of the paid-up equity share capital of the Company (equivalent to 69,331,830 equity shares having a face value of Rs. 10/- each) ("Base Offer Size") on March 7, 2024 ("T day") (for non-Retail Investors only) and on March 11, 2024 ("T+1 Day") (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids from T day) with an option to additionally sell up to 27,732,732 equity shares, i.e., 2.00% of the paid up equity share capital of the Company (the "Oversubscription Option", the equity shares forming part of the Base Offer Size and the Oversubscription Option will, collectively, hereinafter be referred to as "Offer Shares") through a separate, designated window of the BSE, also the designated stock exchange, and NSE, collectively representing up to 97,064,562 equity shares which is 7.00% of the total paid up equity share capital of the Company as on December 31, 2023 (held in dematerialized form in one or more demat accounts with the relevant depository participant) in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the "Offer"). In this connection, we wish to intimate the Stock Exchanges of our intention to exercise the Oversubscription Option to the extent of up to 27,732,732 equity shares (representing 2.00% of the total issued and paid-up equity share capital of the Company) in addition to 69,331,830 equity shares of the Company (representing 5.00% of the total issued and paid-up equity share capital of the Company) forming part of the Base Offer Size. Accordingly, the total Offer size will be 97,064,562 equity shares (representing 7.00% of the total paid up equity share capital of the Company as on December 31, 2023). Consequently, 9,706,457 equity shares i.e. 10% equity shares of the offer would be reserved for allocation to Retail Investors, subject to receipt of valid bids, as part of the Offer on March 11, 2024. The settlement shall be done as per the existing rules of secondary market transactions." |
| 06-Mar-2024 | NLC India wins 600 MW solar power project | <p style="text-align: justify;">NLC India has won 600 MW Solar Power Project in the GSECL Khavda Solar Park tender floated by Gujarat Urja Vikas Nigam (GUVNL) through competitive bidding process. In line with the policy of developing RE projects under the green energy wholly owned subsidiary (WoS), the project development has been vested with wholly owned subsidiary -- NLC India Green Energy (NIGEL).</p><p style="text-align: justify;">As a first initiative, NIGEL has signed the Power Purchase Agreement (PPA) with GUVNL for the proposed 600 MW Solar Power Project at Khavda Solar Park, Bhuj District, Gujarat. The entire power from the project will be procured by GUVNL, the PPA tariff for the electricity from the project is Rs 2.705/kWhr. Generation to the tune of 1,577.88 MU (Million Unit) of electricity every year with a cumulative electricity generation of 39.447 BU (Billion Unit) in its lifetime. The project is set to offset approximately 35.5 Million Metric Tons of Carbon dioxide emissions during its entire life. The proposed 600 MW Solar Power Project in Khavda Solar Park will be the single largest Solar project developed by the company as on date.</p><p style="text-align: justify;">NLC India had incorporated a wholly owned subsidiary NLC India Green Energy to carry out future Renewable Energy Projects. The subsidiary will focus specifically on Renewable Energy projects and thus leveraging the expertise to its benefits.</p><p style="text-align: justify;">NLC India is engaged in the business of lignite mining and power generation.</p> |
| 06-Mar-2024 | Notice of Offer for Sale of Shares by Promoter & Floor Price | The President of India, acting through the Ministry of Coal, Government of India (the "Seller") proposes to sell 5% of the paid-up equity share capital of NLC India Ltd (the "Company") (equivalent to 69,331,830 equity shares having a face value of Rs. 10/- each) ("Base Offer Size") on March 07, 2024 ("T day") (for non-Retail Investors only) and on March 11, 2024 ("T+1 Day") (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids)(with an option to additionally sell up to 27,732,732 equity shares i.e. 2.00% of the paid up equity share capital of the Company (the "Oversubscription Option"), (hereinafter be referred to as "Offer Shares".) In case the Oversubscription Option is not exercised, the equity shares forming part of the Base Offer Size will hereinafter be referred to as "Offer Shares" through a separate, designated window of the BSE, collectively representing 97,064,562 equity shares which is 7.00% of the total paid up equity share capital of the Company as on December 31, 2023 (held in dematerialized form in one or more demat accounts with the relevant depository participant) in accordance with the OFS Guidelines(such offer for sale hereinafter referred to as the "Offer"). - Session Timings (Date and time of the opening and closing of the Offer): The Offer shall take place over two trading days, as provided below: For non-Retail Investors: March 07, 2024 ("T Day") The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T Day i.e. March 07, 2024 commencing at 9:15 a.m. Indian Standard Time and shall close on the same date at 3:30 p.m. Indian Standard Time. On the T Day, the non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 Day (defined below) for allocation to them in the unsubscribed portion of Retail Category (defined below). Only non-Retail Investors shall be allowed to place their bids on T Day, i.e. March 7, 2024. For Retail Investors (as defined below) and non-Retail Investors who choose to carry forward their un-allotted bids: March 11, 2024 ("T+1 Day") The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 (T+1 being March 11, 2024) commencing at 9:15 a.m. Indian Standard Time and shall close on the same date at 3:30 p.m. Indian Standard Time. Only Retail Investors (defined below) shall be allowed to place their bids only on T+1 Day. Further, those non-Retail investors who have placed their bids on T Day and have chosen to carry forward their un-allotted bids to T+1 Day, shall be allowed to revise their bids on T+1 Day as per the SEBI OFS Circular. (T Day and T+1 Day, collectively referred to as "Offer Dates") - Floor Price: The floor price of the Offer shall be Rs. 212.00/- (Rupees Two Hundred and Twelve only) per equity share ("Floor Price"). |
| 15-Jan-2024 | NLC India awards contract to BHEL to set up thermal power project | <p style="text-align: justify;">NLC India (NLCIL) has awarded the EPC contract to BHEL for setting up a Pit Head Green Field Thermal Power Project of 2,400 MW capacity (3 x 800 MW - Stage I) based on Ultra Super Critical Technology at Jharsuguda District in the Odisha State after inviting competitive tenders under ICB route. </p><p style="text-align: justify;">EPC contract scope includes Engineering, Manufacturing, supply, Erection and commissioning of equipment such as boilers, turbine, generators, balance of plants, FGD and SCR for 3 X800 MW- 2400 MW Stage -I . The entire power of 2400 MW is tied up with the states of Tamil Nadu, Odisha, Kerala and Puducherry and PPAs already executed. </p><p style="text-align: justify;">For this Thermal Project, the coal linkage available from 20 MTPA Talabira II& III OCP mines of NLCIL which is already operational from the year 2020 in Jharsuguda and Sambalpur District of Odisha. The water required for the project is linked from Hirakud Reservoir. The power generated will be evacuated through ISTS and STU Network. </p><p style="text-align: justify;">The project will come up with latest pollution control equipment like FGD and SCR to meet out the MoEF guidelines. Boilers will be designed to suite the co firing of Bio mass as part of Green initiative in line with MoP guidelines along with Bio Mass handling systems. The first unit of project is scheduled for commissioning in the FY 2028-29. Being a Pit Head Thermal Project, the variable cost will be Competitive and NLC India, will be generating & providing low-cost power to its Beneficiaries. </p><p style="text-align: justify;">NLC India is engaged in the business of lignite mining and power generation.</p><div style="text-align: justify;"><br></div> |
