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    NLC India jumps on signing MoU with Assam Power Distribution Company


    August 10, 2022 - Accord Fintech

     

      India, Aug. 10 -- NLC India is currently trading at Rs. 74.55, up by 2.50 points or 3.47% from its previous closing of Rs. 72.05 on the BSE.

      The scrip opened at Rs. 73.35 and has touched a high and low of Rs. 75.10 and Rs. 71.55 respectively. So far 446727 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. 75.10 and Rs. 68.45 respectively. The current market cap of the company is Rs. 10295.78 crore.

      The promoters holding in the company stood at 79.20%, while Institutions and Non-Institutions held 11.01% and 9.79% respectively.

      NLC India (NLCIL) has signed Memorandum of Understanding (MoU) with Assam Power Distribution Company (APDCL) and marks its footprints in North East region. NLCIL and APDCL have entered into a MoU to form a joint venture company with equity participation of 51% by NLCIL and 49% by APDCL to develop 1000 MW of Solar Power Project in the State of Assam to empower the citizens with required energy while maintaining ecology with green energy sources. This initiative will develop the State of Assam by providing employment opportunities, technical knowhow and overall upliftment of the State of Assam too.

      NLC India is engaged in the business of lignite mining and power generation. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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