NLC India lines up ₹37,000 crore for power and mineral projects in Odisha
NLC India is in focus.
· BS Companies
The proposed 3,200 Mw thermal power plant will cost Rs 35,000 crore, alongside a Rs 2,000 crore beach sand mineral processing facility and a planned coal gasification-fertiliser…
The analysis
NLC India reported ₹37,000 crore, Rs 35,000 crore and Rs 2,000 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.2% on the day at ₹228.50, and has returned -18.8% over three months. It sits 38% below its 52-week high, which means a good deal of bad news was already in the price. The power sector has moved -16.6% over the same period, so NLC India is running 2.2 points behind its peers.
For NLC India, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Market context
- The company directly in focus is NLCINDIA.
- Sector exposure: Power.
In this story
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