Government of India owned lignite mining company, Neyveli Lignite Corporation Limited, popularly known as NLC was established in 1956. Administered by the Ministry of Coal One and 49% hold by Union Government, NLC shell out 24 million tons of lignite annually and installed with a capacity of 2490 MW of electricity annually, Out of total produced eletricity, Tamil Nadu, kerala, karnataka and Andhra pradesh consumes 1167 MW and its the largest open-pit lignite mines in India. Neyveli Lignite sells raw lignite to small-scale industries to fulfill their power demand in their production process. Asset analysis Report of Neyveli Lignite Corporation Limited suggests huge assets of Rs 3744.81 Cr.
Primary business objectives of the company are Exploration of lignite deposits in domestic region, Power generation through lignite, Strategical and practical Consultancy Services to other major industry giants, Renovation and maintannce of old thermal power stations, Regeneration of old mining equipments, Environment care and management and Rehabilitation of displaced people. Neyveli lignite won FICCI award for Outstanding Organizational Industrial Relation in 2004.
The company spans in 54km area, including one township and three temporary colonies and operates modern thermal power plants with three huge mines in their headquarter, in Chennai. In a community welfare program and with the help of artesian aquifier, NLC supplies a large quantity of sweet water in Chennai. In a short and long term diversification plan, NLC has launched new mining and thermal projects in Rajasthan after shutting down the fertilizer division.Neyveli lignite has launched their 12th five year plan to increase their power capacity and complete all their short term power diversification porjects.
Here is a little Trading tip; with the launch of new five year plan and completion of old ones, the market share price will hike. So for those who want to buy Neyveli limited Shares, this is the right time. NLC has a reputation of yielding high returns in its stocks for the investors who buy its stocks for both short term and long term positive results. If you like to have a more clear view of its market performance then you can request stock market tips, reports and analysis from this platform.
Buy Neyveli Lignite with target of Rs 160 and stop loss of Rs 148, says Ashish Chathurmotha of Anand Rathi Securities on NDTV Profit. The stock is currently trading at Rs 153, up 0.4% on the BSE.
Buy Neyveli Lignite with target of Rs 142 and stop loss of Rs 136, says Sudarshan Sukhani, technical analyst, on CNBC TV18.