NLC India today said its board will meet next week to consider share buyback.
"A meeting of the board of directors of the company is scheduled to be held on January 31, 2017, inter alia, to consider matters related to buy back of fully paid equity shares of the company," NLC India Ltd said in a filing to BSE.
"Further, the trading window for dealing in the company's securities as required under the code of SEBI (Prohibition of Insider Trading ) Regulations, 2015 will remain closed from January 26, 2017 to February 02, 2017 (both days inclusive) for aforesaid purpose," it said.
NLC India Ltd is a navratna company under the Ministry of Coal. Its present total power generation capacity (including JVs) is 4293.5 MW. The company's projected capital expenditure (up to 2025) is Rs 1.24 lakh crore with a debt-equity ratio of 70:30.
The main activity of NLC India is mining coal and lignite, and power generation -- thermal and renewable.
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