Lignite Mining PSU stock witnesses sharp decline of 3% amid bagging wind power project from SJVN Ltd
Recently, NLC India announced that it has received a letter of award (LoA) from SJVN for the 200 MW Wind Power Project.
Lignite Mining PSU stock witnesses sharp decline of 3 amid bagging wind power project from SJVN Ltd
On March 3, 2025, NLC India Ltd., a significant participant in the power generation and distribution industry, saw a sharp drop of 3.39%. With a 2.45% lag, this result represents a notable underperformance relative to its sector.
The stock saw a slight increase of 2.54% during the trading day, reaching an intraday high of Rs 211.7, before plunging to a low of Rs 199.5, a decline of 3.37%.
The stock has dropped 5.52% over the last month, which is marginally better than the Sensex's 5.65% decrease. This result demonstrates the difficulties NLC India faces navigating the shifting conditions in the power sector in the current market climate.
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Recently, NLC India announced that it has received a letter of award (LoA) from SJVN for the 200 MW Wind Power Project. The project was secured through an e-reverse auction at a tariff of Rs 3.74 per kWh.
The project is set to generate 526 MU of clean green power each year, offsetting an equivalent amount of greenhouse gas emissions. This milestone reinforces NLCIL's growing presence in India's renewable energy sector and aligns with the company's vision of achieving 10 GW renewable energy capacity by 2030.
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