NLC India Share: NLC India Ltd (NSE: NLCINDIA) share was in focus today on Thursday. The stock of the company traded at 287.95 rupees with an increase of 4.2 % in the intraday trading on BSE.
There is a big announcement behind this rise in shares. The company has announced a new power use agreement in Hyderabad.
The agreement with Telangana State Discom is for a 200 MW solar energy project under the CPSU scheme. It will run for 25 years at a competitive and affordable price.
What Is The Detail?
The solar project is expected to generate around 1,300 crore units of renewable power and cut carbon dioxide emissions by about 90 lakh tons throughout its existence.
The project is expected to be operational by June 2025. The company’s stock rose 3% in the last five days and 25% in six months.
The price of this stock has risen by 115% in a year. In five years, this stock has climbed up to 415%.
June Quarter Results
NLC India Ltd’s Gross Net Profit for the first quarter of the current financial year increased by 37.02% to Rs 566.69 crore as against Rs 413.57 crore for the same period of the previous financial year.
Group Total Income for the quarter ended June 30, 2024, increased by 6.19% to Rs 3,640.60 crore as against Rs 3,428.48 crore for the same period of the previous financial year.
The company has registered a growth of 22.17% in lignite production during the first quarter of FY 2024-25 i.e. 61.67 LT as against 50.48 LT in the first quarter of FY 2023-24.
Quick Fact
| Company name | NLC India |
|---|---|
| Recent price increase | 4.2% |
| Current trading price | ₹288 |
| New agreement | Power use agreement in Hyderabad |
| Project details | 200 MW solar energy project |
| Project duration | 25 years |
| Power generation | 1300 crore units |
| CO2 emission reduction | 90 lakh tons |
| Project operational by | June 2025 |
| Recent stock performance | 3% increase in 5 days, 25% in 6 months |
| 1-year stock gain | 115% |
| 5-year stock gain | 415% |
| Gross Net Profit (Q1 FY25) | ₹567 crore (up 37%) |
| Total Income (Q1 FY25) | ₹3641 crore (up 6%) |
| Lignite production growth (Q1 FY25) | 22% |
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