NLC India extends gains on bagging commercial coal mine

NLC India

22/11/2024 09:56

** Shares of NLC India  NLCI.NS  rise ~4% at 263 rupees
    **  The mining and power generation co emerged as the
highest quoted bidder for a coal mine in Odisha state
    ** Stock was up 2% before the announcement; on Thursday, it
was ~7% higher on investment in its renewables unit     
    ** More than 4.7 mln shares traded on Friday, 3.5x their
30-day avg
    ** Stock up 4% YTD 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))