Stock Report

NLCIL inks MoU with Govt. of Odisha for Setting up Renewable Energy Projects



Posted On : 2022-12-02 09:42:52( TIMEZONE : IST )

NLCIL inks MoU with Govt. of Odisha for Setting up Renewable Energy Projects

An MoU was signed between NLC India Limited (NLCIL) & GRIDCO (Grid Corporation of Odisha) for the purpose of setting up Ground Mounted/Floating Solar Power Projects, Pumped Hydro Storage Projects, Green Hydrogen Projects and any other renewable projects at 'Make in Odisha Conclave,' being held at Bhubaneswar on 1st December 2022.

Shri K. Mohan Reddy, Director (Planning and Projects), NLCIL and Shri. Trilochan Panda, MD, GRIDCO signed the MoU in the august presence of Shri.Naveen Patnaik, Hon'ble Chief Minister of Odisha and Shri. Rakesh Kumar, CMD,NLCIL.

This MoU shall enable both the parties towards the National targets for Renewable Energy capacity and Energy Transition goal.

Shares of NLC India Limited was last trading in BSE at Rs. 83.40 as compared to the previous close of Rs. 84.90. The total number of shares traded during the day was 645214 in over 5020 trades.

The stock hit an intraday high of Rs. 85.45 and intraday low of 83.00. The net turnover during the day was Rs. 54190160.00.

Source : Equity Bulls

Keywords

NLCIndia INE589A01014 MoU GRIDCO Odisha MakeinOdishaConclave RenewablePowerProjects