NLCIL's First Commercial Coal Block North Dhadu, West - Vesting Order Issued by GoI

NLC India Limited, has emerged as successful bidder for North Dhadu (Western Part) Coal Block, in Latehar District of Jharkhand under commercial coal block E-auction held on 01.08.2023, for which The Coal Mine Development and Production Agreement (CMDPA) with Ministry of Coal (MoC) was signed on 29.09.2023.

Subsequently, Vesting Order issued by Secretary (Coal), GoI, to NLC India Limited in the Ceremony conducted on 14.12.2023 at Shastri Bhavan, MoC, New Delhi. This is key date for adhering to the time schedule for commencing the mining operation. This coal mine is having 434.65 million Tonnes of coal reserves with the Peak rated capacity of 3 Million Tonnes Per Annum.

Shares of NLC India Limited was last trading in BSE at Rs. 206.40 as compared to the previous close of Rs. 207.75. The total number of shares traded during the day was 362168 in over 5058 trades.

The stock hit an intraday high of Rs. 211.35 and intraday low of 204.00. The net turnover during the day was Rs. 75150027.00.

Source : Equity Bulls

Keywords

NLCIndia INE589A01014 CommercialCoalBlock NorthDhaduWest GOI