 "NLC identifies Thirumullaivasal for 4,000 MW power project in Tamil Nadu")
NLC
The Centre will sell up to 5 per cent stake in NLC India Ltd (NLCIL), formerly Neyveli Lignite Corporation (NLC). The company comes under Ministry of Coal.
The 5 per cent stake sale would fetch about Rs 800 crore to the exchequer.
Floor price fixed at Rs 94 a share and it will be sold through a two-day offer for sale (OFS) beginning Wednesday.
Centre plans to sell three per cent in NLCIL, with a green-shoe option to sell another two per cent in the OFS.
The issue will open for institutional
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