MoU between NLC India Ltd., (A Mining and Power Generating PSU) and NHPC Ltd., (A leading Hydro Power Generating PSU) in the area of Power Trading was signed by Mr.A.Ganesan, Executive Director/Commercial, NLC India Ltd., and Mr.D.Chakraborty, CGM/Finance, NHPC Ltd., on 18-02-2019 at Chennai in the presence of Shri Rakesh Kumar, CMD, Shri R.Vikraman, Director (Human Resources) and Shri Nadella Naga Maheswar Rao, Director (Planning & Projects) of NLC India Ltd., through Video Conference.
Through this MoU, NHPC and NLCIL will offer surplus power available in the Northern & North East Region to the bulk consumers in Southern Region at an affordable tariff. This MoU will create win win situation for the generators and bulk consumers.
Shares of NLC India Ltd was last trading in BSE at Rs.62.15 as compared to the previous close of Rs. 61.65. The total number of shares traded during the day was 14029 in over 160 trades.
The stock hit an intraday high of Rs. 62.5 and intraday low of 61.05. The net turnover during the day was Rs. 869364.