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NLC to set up 50 MW solar power plant in Andaman

NLC to set up 50 MW solar power plant in Andaman


State-run Neyveli Lignite Corporation (NLC) has proposed setting up a 50 MW solar power plant at an estimated cost of about Rs 370.60 crore in Andaman and Nicobar Islands. “We propose to sign an MoU with the administration of Andaman and Nicobar Islands. The proposal is still under scrutiny,” NLC Chief Engineer (Thermal) S Balasubramani told PTI.

Besides setting up a plant in the Union Territory, the NLC has also proposed to install solar power plants in Tamil Nadu, Karnataka, Rajasthan, Kerala, Andhra Pradesh and Telangana with a total capacity of 4,000 MW, he said. NLC had set up its first 10 MW solar plant here at a cost of about Rs 74.60 crore in September last year.

Neyveli Lignite stock price On February 02, 2016, Neyveli Lignite Corporation closed at Rs 71.70, down Rs 3.25, or 4.34 percent. The 52-week high of the share was Rs 94.25 and the 52-week low was Rs 65.25. The company’s trailing 12-month (TTM) EPS was at Rs 8.55 per share as per the quarter ended December 2015. The stock’s price-to-earnings (P/E) ratio was 8.39. The latest book value of the company is Rs 88.64 per share. At current value, the price-to-book value of the company is 0.81.

Anand Gupta Editor - EQ Int'l Media Network


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