NLC India Limited Buyback offer 2018
(i) NLC India Limited, formerly Neyveli Lignite Corporation Limited, was incorporated on 14th November of the year 1956 as a private limited company under the house of Government of India (GOI). It went to public on 7th March of the year 1986.
(ii) The main core activity of NLC is lignite excavation and Power Generation using lignite excavated. NLC is having three lignite mines of the total capacity of 28.5 Million Tonnes per Annum at Neyveli, Tamil Nadu and one open cast lignite Mine of capacity 2.1 Million Tonnes per Annum at Barsingsar, Rajasthan. The company has five pithead Thermal Power Stations with an aggregate capacity of 3240 MW.
(iii) Further, NLC has also so far installed 17 Wind Turbine Generators of 1.50 MW each, aggregating to 25.5 MW, thereby increasing the overall power generating the capacity to 3265.50 MW. NLC forayed into renewable energy sector with the inauguration of a 10 MW Solar Photo Voltaic power plant in Neyveli, thereby increasing the overall power generating the capacity to 3275.50 MW.
(iv) Interesting facts about NLC India Limited
(a) A NAVRATNA company under the Ministry of Coal.
(b) since 1956 – more than 60 years of its glorious existence.
(c) Present Mining Capacity: 30.6 MTPA ( Lignite ).
(d) Present Power Generation Capacity (including JVs) : 3240MW (Lignite), 1000MW (Coal), 440MW (Solar), 51MW (Wind), Total : 4731MW.
(e) Projected Capital Expenditure (up to 2025) : Rs.1,28,983 Crore with a debt-equity ratio of 70:30.
(f) Moved from an only lignite mining and power generation Company to become an energy company.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Oct 24 2018|
|Buyback Opening Date:||Nov 13 2018|
|Buyback Closing Date:||Nov 28 2018|
|Buyback Offer Amount:||₹ 1248.99|
|Date of Board Meeting approving the proposal:||Oct 09 2018|
|Date of Public Announcement:||Oct 09 2018|
|Buyback Offer Size:||9.28%|
|Buyback Number of Shares:||141,931,818|
|Buyback Price:||₹ 88 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||193,600||193,600||193,600||193,600|
|(ii) No. of Shares buyback||726||1100||1650||2200|
|(iii) BuyBack Profit||9,438||14,300||21,450||28,600|