NLC India Limited is a public sector company (under the central government) involved in the production of lignite. The company is under the administrative control of the ministry of coal. NLC India produces around 30 million tonnes of lignite a year. The company was founded in 1956. In 2020, the company had around 12,500 employees. The headquarters of the company are located in Neyveli, Tamil Nadu.
On 27 December 2022, the market capitalisation of the company was Rs 11,439.75 crore. It reported consolidated sales of Rs 9,993 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 513683 and the National Stock Exchange with the code NLCINDIA.
The promoters of NLC India currently hold approximately 79.2% of the company. The foreign institutional investors’ investment in the company amounts to 1.21%. Various domestic mutual funds hold around 2.16% of the company. The total public stake in the company is approximately 14.1%. The stake of the public has grown steadily over the past year (Since September 2021).
Rakesh Kumar is the chairman of the company and the managing director. Nagaraju Maddirala, Ramesh Chand Meena, M T Ramesh, Nivedita Srivastava, Prakash Mishra, Subrata Chaudhari, K Mohan Reddy, and Shaiji Jon are the other directors of the company. Manohar Chowdhry & Associates, R Subramanian & Co. LLP, and P K K G Balasubramaniam & Associates are the auditors of NLC India. As of December 2022, the company had around 138.7 crore shares outstanding.
On 27 December 2022, NLC India’s share price on NSE was Rs 82.15 and Rs 82.10 on BSE. The share price touched a 52-week high of Rs 95.25 and a 52-week low of Rs 56.2. Its three-month return to investors was 18.69%, while its one-year return was 39.37%.
As of November 2022, CPSE ETF-G has invested Rs 130.6 crore in the company. Other prominent mutual funds with investments in NLC India include Nippon India Small Cap Direct-G, with an investment of Rs 48.4 crore, and Aditya Birla SL Pure Value Direct-G, with an investment of Rs 33.6 crore in the company.
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