NLC India Limited (NLCINDIA.NS)
NLC India Limited operates in the Regulated Electric industry of the Utilities sector, headquartered in Neyveli, TN, IN. The stock last traded at $274.10, down 0.96% on the session, giving a market capitalisation of $380.08B. Its beta of 0.48 implies it has historically moved less than the broad market.
NLC India Limited is an Indian enterprise primarily engaged in mineral extraction and electricity production, structured around two core divisions: lignite mining and power generation. The company utilizes a diverse range of energy sources, including thermal, wind, and solar photovoltaic, for its power generation operations. Its extensive mining activities encompass three open-pit lignite mines in Neyveli, Tamil Nadu, boasting a combined annual output of 28.50 million tonnes (MTPA), alongside a single open-cast lignite mine in Barsingsar, Rajasthan, with a 2.10 MTPA capacity. Furthermore, NLC India undertakes coal excavation at the Talabira II and III opencast mines in Odisha, yielding 20.0 MTPA. The raw lignite extracted by the company is supplied to smaller industrial entities, where it serves as a crucial fuel for their manufacturing processes. Established in 1956 and headquartered in Neyveli, India, the firm was initially known as Neyveli Lignite Corporation Limited before adopting its current name, NLC India Limited, in April 2016.
NLC India Limited is most often compared with the following Utilities names: