NLC India raises Rs 500 crore by issuing commercial paper

NLC India raises Rs 500 crore by issuing commercial paper

NEW DELHI: on Wednesday said it has raised Rs 500 crore by issuing commercial paper.

“We wish to inform that 10,000 commercial papers of a face value of Rs 5,00,000 each, aggregating to Rs 500 crore have been issued and allotted on June 8,” the state-owned company said in a filing to BSE.

NLC India, the navratna company under the ministry of coal, is into coal and lignite mining and power generation.

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