Neyveli Lignite gains on synchronising Unit II of Tuticorin power project

Unit II of 500MW of Tuticorin Power Project of its arm NLC Tamilnadu Power Ltd has been test synchronised with the Grid

Shares of Neyveli Lignite Corporation were up 4% at Rs 78 after the state-owned company said it has commenced the second phase of the Tuticorin Power project.

Unit II of 500MW of Tuticorin Power Project of its subsidiary company NLC Tamilnadu Power Ltd has been test synchronised with the Grid on April 09, 2015, the company said in a release after market hours on Thursday.

The stock opened at Rs 76.90 and touched a high of Rs 79.40 on the Bombay Stock Exchange. At 10AM, over 310,000 shares were traded on both the stock exchanges.