NLC subsidiary NIRL wins GUVNL battery storage project 275 MW/550 MWh in Gujarat

Government or defence orderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹273.30

prior close

₹275.80

announcement price

After-mkt

timing

Nifty Midcap 150market-0.5%-0.8% vs market

Power Generation peers, median of 28sector-0.8%-0.5% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Midcap 150 and 0.5 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

-0.7

15m

-0.2

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.5-0.8-0.8-0.5

Next day

-0.5-0.3-0.1-0.7+0.2

-0.6-0.8+0.1-0.7+0.1

-1.2-1.1-0.1-1.4+0.2

-3.1-1.4-1.7-2.0-1.1

-5.1-3.5-1.6-3.5-1.5

-4.0-2.6-1.4-2.8-1.1

15d

-6.4-5.7-0.7-4.7-1.6

-8.5-5.7-2.7-5.8-2.7

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UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NLC India's wholly owned subsidiary NLC India Renewables Limited (NIRL) has emerged as the successful bidder in a tender floated by Gujarat Urja Vikas Nigam Limited (GUVNL) for setting up a standalone Battery Energy Storage System of 275 MW / 550 MWh capacity in Gujarat under tariff-based competitive bidding. NIRL has received the Letter of Intent from GUVNL. The win strengthens NLC India's push into renewable energy and battery storage through its subsidiary.

Likely market impact

Positive for NLC India as subsidiary adds a sizable BESS order, supporting growth in renewables and energy storage segment.