NLC India shares rise, company signs MoU with BARC; Check Price Target
According to the press release, the project will be established at Neyveli with technical support from BARC to demonstrate the breakthrough process of extracting rare earth elements from fly ash as a by-product of thermal power generation.
NLC India shares rises, company signs MoU with BARC; Check Price Target
New Delhi: Shares of NLC India Ltd are trading in the green zone with an increase of 1.17% at Rs 235.50 as the company has signed a historic Memorandum of Understanding (MoU) with Bhabha Atomic Research Centre (BARC) for a pioneering project to extract Rare Earth Elements (REEs) from fly ash.
The stock opened today at Rs 232.61 and reached an intraday high of Rs 236.53 and the current market capitalization is at Rs 32.62K crore. The stock has been corrected over by 3.34% in last one-month.
The stock has been trading higher by over 26.41% from the 52-week low of Rs 235.16 and the current average share price target is Rs 300. The consensus estimates represents an upside of 27.57% from the last price of Rs 235.16.
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According to the press release, the project will be established at Neyveli with technical support from BARC to demonstrate the breakthrough process of extracting rare earth elements from fly ash as a by-product of thermal power generation.
This innovative approach not only addresses the challenge of fly ash management but also opens new avenues for accessing strategic materials that are critical for applications in healthcare, clean energy, high-tech manufacturing, advanced research, and national security.
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