NLC India board approves investment proposals for expansion

22 Jul 2022 , 01:01 PM

NLC India Limited has announced that the Board of Directors at its Meeting held on Thursday, July 21, 2022, has accorded approval for the following:

• 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 Rs3755.71 crore.
• investment proposal of establishing TPS II 2nd Expansion Thermal Power Station (2 X 660 MW) Neyveli, Tamil Nadu at an estimated cost of Rs11,189.20 crore.

At around 1:01 PM, NLC India was trading at Rs67.60 per share up by Rs0.05 or 0.07% from its previous closing of Rs67.55 per share on the BSE.

On Friday, the scrip opened at Rs68.45 and has touched a high and low of Rs69.20 and Rs67.30 respectively so far today. The current market cap of the company is Rs9,366.73 crore.