NLC India shares surged more than 3% in early trade on August 29 after the firm announced a new power usage agreement in Telangana.
The arrangement with Telangana State DISCOMs is for a 200 MW solar power project under the CPSU scheme, which will last 25 years at a competitive and reasonable price.
Over the course of its operation, the solar project is estimated to create around 1,300 crore units of green power and reduce carbon emissions by 90 lakh tons.
As of 9:36 am, NLC India shares were trading 3.46% higher at Rs 285.85 on the NSE.
