Neyveli Lignite gains on new power project

Neyveli Lignite Corporation gained on Tuesday after it entered into joint venture agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) to set up power plant. The agreement is for setting up a 1,980 MW coal based thermal power project in Ghatampur Tehsil, Kanpur Nagar District, Uttar Pradesh with a shareholding of 51% of the equity by NLG and 49% by UPRVUNL.Shares ofthe companyare trading at Rs 87.10, up Rs 0.9, or 1.04% at the Bombay Stock Exchange (BSE) on Tuesday at 9:23 a.m.The scrip has touched an intra-day high of Rs 87.80 and low of Rs 86.50. The total volume of shares traded at the BSE is 6,061.In the earlier session, the shares rose 1.41%, or Rs 1.2, at Rs 86.20. Currently, the stock is trading down 17.28% from its 52-week high of Rs 105.30 and above 28.75% over the 52-week low of Rs 67.65.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 87.05 (0.85) (0.98) 1 Month 79.75 6.45 8.09 3 Months 82.80 3.40 4.11 6 Months 89.15 (2.95) (3.31) 1 Year 75.30 10.90 14.48 Note: Based on previous day closing price.