Announced Mon, 10 Aug · 19:15 IST
NLC India arm wins 200 MW wind power LoA from SECI in Karnataka
NLCINDIA · price
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Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹285.30
prior close
₹286.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-1.0-0.9-1.3-3.6-3.8-3.3-2.7-3.0-4.6————
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AI summary
NLC India Renewables, a wholly owned subsidiary of NLC India, has received a Letter of Award from SECI to set up a 200 MW wind power project in Koppal, Karnataka. The subsidiary will also supply power generated from this project to SECI. SECI is a government PSU under the Ministry of New and Renewable Energy.
Likely market impact
Positive for NLC India as it expands its renewable energy portfolio with a new 200 MW wind project, adding future revenue from power supply to SECI.