NLC INDIA - A GOOD STOCK TO BUY DURING THE OFS THIS YEAR

The Government of India is planning to offload around 4% stake in

this fiscal year. Currently the government holds a majority 72.2% stake in the company. The OFS will be offered at a discount to the market price thereby giving investors an opportunity to buy the stock for long term. , formerly known as Neyveli Lignite Corporation Ltd, is a Navratna company falling under the coal ministry and is primarily engaged in lignite mining, as well as thermal and renewable energy generation. Further, the company is planning to invest Rs 1.25 lakh crore by the year 2030 to expand power capacity from 6.7 gigawatt to 20 gigawatt. Out of this investment of Rs 1.25 lakh crore, the company will spend Rs 65,000 crore on renewables energy, Rs 45,000 crore on thermal power generation, and remaining Rs 15,000 crores on mining activities.