Power Sector Govt Company Sets Record Date For Interim Dividend, Shares Rally

Leading government of India company engaged in mining and power generation, NLC India Ltd fixed February 24, 2023 as the record date for interim dividend. The Navratna stock rallied over 6% in last 1-week. The company has a market capitalisation of Rs 11,002.96. The last trading price of the stock is Rs 79.35 apiece. Check details below:

1. NLC India Sets Record Date For Interim Dividend

The board of directors of the leading PSU stock said in the regulatory filing dated February 13, 2023, "In compliance of Regulation 30 & 43 of SEBI LODR, it is hereby informed that Board of Directors have declared an Interim Dividend of 15.00% (i.e., Rs. 1.50 per equity share) for the Financial Year 2022-23."

2. NLC India Stock Performance & Return

The last trading price of NLC India is Rs 79.35 apiece with an intraday gain of 0.89%. The stock's 52-week high is Rs 92.25 apiece and 52-week low is Rs 56.20 apiece, respectively.

The stock declined 3% in last 1-month, 1% in last 3-months, gave a return of 7% in last 6-months, and 4% in last 1-year. In last 3-years, the stock rallied 48%.

3. NLC India About

For more than six decades, NLC India Limited has been a forerunner amongst the Public Sector Enterprises in the country in the energy sector, contributing to a lion's share in lignite production and significant share in thermal and renewable energy generation.

The Company was incorporated on 14.11.1956. NLCIL is a Navratna Government of India Enterprise, under the administrative control of Ministry of Coal. Today, the company has set its footprints in PAN India mode in the states of TamilNadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman & Nicobar Islands, according its official website.

Disclaimer

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