Business Standard

NLC India

Stocks to watch on July 8: NLC India, IndusInd Bank, BoB, JM Fin, Marico

Stocks to watch on July 8: Induslnd Bank's Q1FY25 estimates highlighted significant YoY growth. Net advances increased by 16 per cent Y-o-Y to Rs 3.48 trillion, while deposits grew by 15 per cent

Stocks to watch on July 8: NLC India, IndusInd Bank, BoB, JM Fin, Marico
Updated On : 08 Jul 2024 | 8:13 AM IST

Bondada Engineering locks in 5% upper circuit after LoA from NLC India

Bondada Engineering stock price surged up to 5 per cent, locking at its upper circuit at Rs 2320.80 per share on the BSE in Thursday's morning deals

Bondada Engineering locks in 5% upper circuit after LoA from NLC India
Updated On : 13 Jun 2024 | 10:05 AM IST

NLC India shares slip 5% on plans to raise $600 mn foreign currency loan

NLC India's board of directors are set to meet on June 10, 2024 to consider and approve foreign currency loan through external commercial borrowings (ECB) up to $600 Million

NLC India shares slip 5% on plans to raise $600 mn foreign currency loan
Updated On : 05 Jun 2024 | 11:41 AM IST

M&M, Berger Paints, Mankind Pharma among six stocks to monitor on May 16

At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges

M&M, Berger Paints, Mankind Pharma among six stocks to monitor on May 16
Updated On : 16 May 2024 | 7:06 AM IST

NLC India planning to sell renewable assets worth estimated $720 Million

The Chennai-based miner and electricity generator also plans to double its coal and lignite output by 2030

NLC India planning to sell renewable assets worth estimated $720 Million
Updated On : 04 Apr 2024 | 12:08 AM IST

M&M promoter group entity sells 0.7% stake, Tata Chemicals gains 11%, more

Shares of Mukka Proteins, an aqua feed producer, surged more than 50 per cent during their trading debut on Thursday

M&M promoter group entity sells 0.7% stake, Tata Chemicals gains 11%, more
Updated On : 07 Mar 2024 | 11:55 PM IST

Coal India, BHEL may sizzle on this announcement by govt; details here

Stocks to Watch on March 7: The Ministry of Coal has issued three draft request for proposals (RFPs) for consultation on coal gasification scheme

Coal India, BHEL may sizzle on this announcement by govt; details here
Updated On : 07 Mar 2024 | 8:00 AM IST

Why is NLC India among top stocks to be watched today? Read here

Stocks to Watch on March 7: The government will sell up to 7 per cent stake in NLC India through an offer for sale (OFS) to raise up to Rs 2,100 crore

Why is NLC India among top stocks to be watched today? Read here
Updated On : 07 Mar 2024 | 7:58 AM IST

Stocks to watch: Infosys, LIC, NLC India, Mukka Proteins, Zomato

Stocks to track on March 07, 2024: Mukka Proteins is set to make its stock market debut on Thursday at an issue price of Rs 28 per share

Stocks to watch: Infosys, LIC, NLC India, Mukka Proteins, Zomato
Updated On : 07 Mar 2024 | 7:55 AM IST

Govt to sell up to 7% stake in coal miner NLC India this week: Report

Government is selling over 9.7 crore shares at a floor price of Rs 212 apiece. If fully subscribed, including the green shoe option, the share sale would fetch about Rs 2,000 crore to the exchequer

Govt to sell up to 7% stake in coal miner NLC India this week: Report
Updated On : 06 Mar 2024 | 10:43 PM IST

NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr

That apart, NLC India has also participated in the bidding for 20 blocks in the initial phase of the auction for critical mineral blocks in India.

NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr
Updated On : 02 Mar 2024 | 10:01 AM IST

Coal India may exceed capex target of Rs 16,500 crore for FY24: Govt

The government of Wednesday said the state-owned Coal India Ltd (CIL) is likely to exceed its capex target of Rs 16,500 crore for the current financial year. Coal India accounts for over 80 per cent of domestic coal output. "As we navigate through the current fiscal year of 2023-24, both CIL and NLCIL are on track to exceed their capex targets yet again... both CIL and NLCIL will exceed their annual capex targets, further bolstering India's economic growth trajectory," the coal ministry said in a statement. The capex target of NLC India Ltd (NLCIL) for the ongoing financial year is Rs 2,880 crore. The Ministry of Coal's capex target for FY24 is Rs 21,030 crore. Over the past few years, coal Central Public Sector Enterprises (CPSEs) have been over-achieving their capex targets. In FY22, CIL and NLCIL had achieved 104.88 per cent and 123.33 per cent of their capex targets, respectively. In FY23, both companies achieved around 113 per cent of their target. NLC India is a Navratna

Coal India may exceed capex target of Rs 16,500 crore for FY24: Govt
Updated On : 21 Feb 2024 | 4:46 PM IST

NLC India Q3 results: Profit at Rs 254 cr, income declines to Rs 3,249 cr

NLC India on Tuesday reported a consolidated profit of Rs 254.10 crore for the quarter ended on December 31, 2023. The company had posted a consolidated loss of Rs 396.35 crore in the year-ago period. The consolidated income of the company during October-December period declined to Rs 3,249.391 crore from Rs 3,982.49 crore in the year-ago period, NLC India said in a filing to BSE. In a statement, the PSU said that NLCIL incorporated a new wholly-owned subsidiary NLC India Green Energy Ltd (NIGEL) to undertake green projects. NLC India is a Navratna company under the coal ministry. Its core business is mining and power generation.

NLC India Q3 results: Profit at Rs 254 cr, income declines to Rs 3,249 cr
Updated On : 06 Feb 2024 | 10:13 PM IST

Nalco, NLC India among 10 companies submit bids for coal mines for auction

The government on Monday said 10 companies, including Nalco, Gujarat Mineral Development Corporation, and NLC India, submitted bids for coal mines put up for sale under the eighth round of commercial mines auction. "Under the 8th round, a total of 35 coal mines were put up for auction and 7 bids were received against four coal mines. Under the second attempt of the seventh round, four coal mines were put up for auction and 3 bids have been received against 3 coal mines," the coal ministry said in a statement. A total of 10 companies have submitted bids in the auction process, the coal ministry said in a statement. Other companies from which the bids were received are TANGEDCO, OCL Iron, and Steel Ltd, JMS Mining Pvt Ltd, Shyam SEL & Power Ltd, SMN Tradecomm Pvt Ltd, Maa Durga Coal & Minerals Pvt Ltd, and Nilkanth Infra Mining Ltd. "The nominated authority, Ministry of Coal has opened bids for the 8th round and second attempt of the 7th round of commercial coal mines' auction ..

Nalco, NLC India among 10 companies submit bids for coal mines for auction
Updated On : 05 Feb 2024 | 10:40 PM IST

PM lays foundation stone for 1st phase of NLC India Talabira power project

Prime Minister Narendra Modi laid the foundation stone of the first phase of NLC India Talabira Thermal Power Project in Odisha. Odisha Governor Raghubar Das, Odisha Chief Minister Naveen Patnaik and several Union ministers including Dharmendra Pradhan and Ashwini Vaishnaw were present on the occasion, NLC India said in a statement on Saturday. "The government will always ensure to fulfil its promises. This government doesn't just lay the foundation stone of any project; it makes sure to inaugurate it. This thermal power project will ensure Odisha gets round-the-clock electricity supply and also open up employment opportunities for the youth," Modi said. With an estimated investment of over Rs 27,000 crore, this coal-based Ultra Super Critical Pit Head thermal power project signifies a monumental step towards fostering energy security and driving the nation's growth trajectory. The project encompasses a 2,400-MW capacity in its initial phase and plans for an additional 800 MW in th

PM lays foundation stone for 1st phase of NLC India Talabira power project
Updated On : 04 Feb 2024 | 11:49 AM IST

BHEL surges 6% on buzz of winning Rs 19,422 cr order from NLC India

The stock was seen trading at its highest level since October 2015, backed by strong volumes on the BSE and NSE.

BHEL surges 6% on buzz of winning Rs 19,422 cr order from NLC India
Updated On : 01 Jan 2024 | 10:10 AM IST

Construction-grade sand production plant to begin next month: NLC India

State-owned lignite producer NLC India on Wednesday said its proposed plant for manufacturing construction-grade sand using mine overburden is expected to begin operations by January-end. The plant is expected to produce civil construction-grade sand from mine overburden -- wastes generated during mining operations. Sand manufactured from mining wastes is important in view of the scarcity of natural sand. "This plant is expected to produce civil construction Grade M-sand of 2.62 lakh cubic metre per year from mine overburden...The plant is expected to be operationalised by end of January 2024," the public sector enterprise said in a stock exchange filing. Similar and high capacity plants will be installed in other mines of Neyveli (Tamil Nadu) in due course, the company said. "Bhoomi Puja for the proposed OB to M-Sand Plant at Mine-IA, Neyveli was performed on December 12," it said. Company's CMD Prasanna Kumar Motupalli said that the contract has already been awarded for executi

Construction-grade sand production plant to begin next month: NLC India
Updated On : 13 Dec 2023 | 3:56 PM IST

Stock of this PSU power generation company has zoomed 110% in 6 months

NLC today announced its foray into production of construction-grade sand from Mine Overburden with the inauguration of the proposed plant

Stock of this PSU power generation company has zoomed 110% in 6 months
Updated On : 13 Dec 2023 | 2:29 PM IST

NLC's Rs 4,400-cr lignite-to-methanol project to be completed by March 2027

The lignite-to-methanol project of NLC India Ltd, estimated at Rs 4,394 crore, at Neyveli, in Tamil Nadu is likely to be completed by March, 2027. The project is part of NLC's diversification plan. NLC has traditionally been into lignite mining and setting up lignite-based power plants. "The project is expected to complete by March-2027," the company said in a regulatory filing. The proposed lignite-to-methanol plant is in line with the Centre's coal gasification plan, a sustainable way of utilising the fuel to meet its ambitious net-zero plans. "The total period of the project is 42 months from the date of Letter of Award (LOA)," it added. In October last year, NLC had floated a global tender for awarding the project through project management consultancy Engineers India Limited (EIL) for gasification block (LEPC-1) of its Lignite-to-Methanol project at Neyveli, in Tamil Nadu.

NLC's Rs 4,400-cr lignite-to-methanol project to be completed by March 2027
Updated On : 31 Oct 2023 | 1:36 PM IST

NLC India exploring possibility of mining critical minerals, says CMD

NLC India Ltd is exploring the possibility of mining critical minerals, including lithium, and will participate in the auction of the blocks once they are on offer, company's CMD Prasanna Kumar Motupalli said on Friday. The statement comes at a time when the government is in the process of auctioning critical minerals. In an interview to PTI, Motupalli said,"NLC India has core competence of mining. We have been doing the mining operations since 1967 so we want to use this core competence in critical minerals also." "We are exploring the possibility and viability of the projects and we will certainly desire to enter into that area because that is going to be an area of future. So we are exploring all the possibilities to ensure that mines are taken," he explained. The core business of state-owned NLC India is coal and lignite mining and power generation. "We are exploring all the possibilities and the critical mineral blocks auction is yet to come. So once it will come we will chec

NLC India exploring possibility of mining critical minerals, says CMD
Updated On : 20 Oct 2023 | 1:00 PM IST