Check New Price Target: NLC India shares rises amid company signs JV agreement with PTC India
Shares of NLC India Ltd are surged over by 3.12% in the Friday’s trading session and reached to an intraday high of Rs...
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New Delhi: Shares of NLC India Ltd are surged over by 3.12% in the Friday’s trading session and reached to an intraday high of Rs 244.80.
The State-owned company has announced that NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), signed a Joint Venture Agreement (JVA) with PTC India Limited (formerly Power Trading Corporation) at Neyveli.
The collaboration envisages the development of green energy capacity upto 2000 MW, to be implemented in phases. The first phase will target around 500 MW. The new JVC will enable both organisations to pool their strengths in project development, power trading, renewable energy park creation, and integrated green energy solutions.
Further, Neyveli Uttar Pradesh Power Limited (NUPPL), a joint venture between NLC India Limited (51%) and Uttar Pradesh _Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) (49%), has declared that Unit2 (660 MW) of the 1,980 MW Ghatampur Thermal Power Project has successfully achieved Commercial Operation Declaration (COD) on December 09, 2025.
With these two super achievements the PSU company is expecting to trend its higher value in terms of stock price and investment ratio. The market capitalization of the company is Rs 33.83K crore with P/E Ratio of 12.61 and dividend yield of 1.23%.
The average share price target of NLC India Ltd is Rs 310. While the consensus estimate represents an upside of 29.90% from the last price of 238.65.