Power Generation Company’s First Supercritical Power Plant Begins Commercial Operation
The stock gave multibagger returns of 114 per cent in just 1 year and gave multibagger returns of per cent in 3 years.
NLC India Limited (NLCIL) has achieved a significant milestone with the commencement of commercial operations of the first unit of its 3 x 660 MW Ghatampur Thermal Power Plant (GTPP) in Uttar Pradesh. This state-of-the-art power plant, developed in collaboration with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) through their joint venture, Neyveli Uttar Pradesh Power Limited (NUPPL), successfully completed its trial operations on December 7, 2024, and commenced commercial operations on December 12, 2024.
This achievement marks a significant step for NLCIL as it ventures into supercritical power generation technology, a more efficient and environmentally friendly approach. The 660 MW capacity addition is particularly noteworthy as it is the first fossil fuel-based thermal power plant commissioned in India during the current financial year. This accomplishment reinforces NLCIL's position as a key player in the Indian power sector and its dedication to contributing to the nation's energy security and sustainable development goals. With this addition, NLCIL's total installed power generation capacity has increased to 6,731 MW.
The GTPP project is strategically designed to meet the growing power demands of Uttar Pradesh and Assam. By leveraging supercritical technology, the plant offers higher efficiency, reduced fuel consumption, and lower emissions compared to traditional power plants. The project is equipped with advanced environmental management systems, including high-efficiency electrostatic precipitators and flue-gas desulfurization units, to minimize its environmental impact. This collaboration between NLCIL and UPRVUNL through NUPPL represents a strategic alliance that combines NLCIL's operational expertise and project execution capabilities with UPRVUNL's deep understanding of the regional power landscape. This achievement further solidifies NLCIL's commitment to driving innovation and sustainability in the energy sector.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
About NLC India Ltd
NLC India Ltd is a government-owned company in India primarily involved in lignite mining and thermal power generation. It operates mines in Tamil Nadu and Rajasthan, using lignite to produce electricity. This power is then sold to various states in India, including Tamil Nadu, Rajasthan, Andhra Pradesh, Kerala, Karnataka and Puducherry. As a Navratna company, NLC India holds a significant position in the Indian energy sector.
The company has a market cap of over Rs 35,000 crore and has been maintaining a healthy dividend payout of 25.4 per cent. The stock gave multibagger returns of 114 per cent in just 1 year and gave multibagger returns of per cent in 3 years. Investors should keep an eye on this multibagger power generation stock.
Disclaimer: The article is for informational purposes only and not investment advice.