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8 stories mentioning NSE:NLCINDIAUpdated 24d ago

Every FINWIRES story that references NSE:NLCINDIA, newest first.

Asia

Market Chatter: NLC India Taps Four Banks for Renewables Unit IPO

NLC India (BOM:513683, NSE:NLCINDIA) has appointed four investment banks to manage the initial public offering of its renewable energy unit, Bloomberg News reported Friday.SBI Capital Markets, IIFL Capital Services, IDBI Capital Markets & Securities and HDFC Bank will manage the planned listing of NLC India Renewables, the report said, citing an emailed statement from the state-run miner.NLC India may sell up to a 25% stake in the unit under a plan that its board approved in principle in January, Bloomberg added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:513683NSE:NLCINDIA
Asia

NLC India, National Aluminium Sign JV for 1,080 MW Captive Thermal Power Project in Odisha, India

NLC India (NSE:NLCINDIA, BOM:513683) agreed to form a joint venture with National Aluminium (NSE:NATIONALUM, BOM:532234) to develop a 1,080 MW coal-based thermal captive power plant in Angul in Odisha, India, according to a Wednesday filing to the Indian stock exchanges.The 4×270 MW power plant will be set up to meet the captive power requirement of National Aluminium's 0.5 million tons per annum aluminium smelter expansion project.The joint venture, which will have equal equity participation from the two companies, will execute a fuel supply agreement with NLC India from its Machhakata coal mine or any other mines for 25 years.It will also sign a 25-year power purchase pact with National Aluminium for 100% offtake of power.

BOM:513683BOM:532234NSE:NATIONALUMNSE:NLCINDIA
Asia

NLC India, Indian Oil to Form Joint Venture for Renewable Energy Power Projects in Tamil Nadu

NLC India (NSE:NLCINDIA, BOM:513683) has signed a memorandum of understanding with state-owned Indian Oil (NSE:IOC, BOM:530965) to form a joint venture for renewable energy power projects in Tamil Nadu, India, according to a Tuesday filing to the Indian stock exchanges.The proposed joint venture will be used to develop large-scale renewable energy projects, including solar, wind, hybrid power with or without energy storage, such as battery storage and pumped storage projects.The joint venture will also explore future opportunities based on techno-commercial feasibility and evolving market requirements.Shares of NLC India fell nearly 1% in recent trade, while those of Indian Oil rose close to 1%.

BOM:513683BOM:530965NSE:IOCNSE:NLCINDIA
Asia

NLC India JV Begins Commercial Operations of Third Unit of 660 MW of Ghatampur Thermal Power Project

Neyveli Uttar Pradesh Power, a joint venture of NLC India (NSE:NLCINDIA, BOM:513683) and Uttar Pradesh Rajya Vidyut Utpadan Nigam, has declared the third unit of 660 MW of the Ghatampur Thermal Power Project in India commercially operational, according to a Saturday filing to the Indian stock exchanges.With this, Unit 3 of the Ghatampur Thermal Power Station (3×660 MW) is now fully commissioned.NLC group's overall installed capacity increased to 8,405 MW from 7,745 MW.

BOM:513683NSE:NLCINDIA
Asia

NLC India Emerges as Preferred Bidder for Critical Mineral Block in Telangana, India

NLC India (NSE:NLCINDIA, BOM:513683) has emerged as the preferred bidder for the Govindpur vanadium, titanium, and aluminous laterite block of Sanga Reddy in Telangana, India, according to a Saturday filing to the Indian stock exchanges.The block was granted after the critical and strategic mineral blocks e-auction held on June 11 by the Ministry of Mines, Government of India.

BOM:513683NSE:NLCINDIA
Asia

NLC India Emerges Preferred Bidder for Critical Minerals Block in Telangana; Shares Rise 3%

NLC India (NSE:NLCINDIA, BOM:513683) said it has been declared the preferred bidder for the Parvathapur Vanadium, Titanium and Aluminous Laterite block in Telangana, India, according to a Friday filing on Indian bourses.The critical minerals block auctions were conducted by India's mines ministry, the filing said.Shares of the company rose nearly 3% in recent trade.

BOM:513683NSE:NLCINDIA
Asia

NLC India Signs MoU for Critical Minerals Research

NLC India (NSE:NLCINDIA, BOM:513683) has signed a memorandum of understanding with CSIR-Central Electrochemical Research Institute (CECRI), Karaikudi, to collaborate on critical and strategic mineral extraction technologies, according to a Thursday filing on Indian exchanges.The partnership will focus on studying overburden materials and tailings from NLC India's Neyveli mines to assess the extraction and recovery potential of rare earth elements and other trace minerals, the filing said.

BOM:513683NSE:NLCINDIA
Asia

Government to Sell NLC India Stake via OFS, Sets Floor Price at INR303; Shares Fall 4%

The Government of India will sell up to 3% stake in NLC India (NSE:NLCINDIA, BOM:513683) through an offer for sale (OFS), comprising a base offer of 2% equity and a 1% greenshoe option, according to an Indian exchange filing on Monday.The floor price for the share sale has been set at 303 rupees per share, the filing said. The OFS will open for non-retail investors on June 9, while retail investors can bid on June 10, it added.Under the base offer, the government plans to sell about 27.7 million shares, representing 2% of NLC India's paid-up equity capital. An additional 13.9 million shares, equivalent to a 1% stake, may be sold if the greenshoe option is exercised, according to the filing.Shares of NLC Indian fell over 4% in Tuesday's trade.

BOM:513683NSE:NLCINDIA

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