NCL Industries has announced the board approval of a major renewable energy initiative following its board meeting held on April 13, 2026. The company has greenlit a comprehensive 130 MW project that will combine both solar and wind power generation capabilities in Tuticorin, Tamil Nadu, marking a significant step into the clean energy sector.

Board Meeting Outcomes

The board of directors meeting, which commenced at 12:00 noon and concluded at 1:25 PM, addressed two key agenda items. The primary focus was the approval of the renewable energy project, while the board also reviewed and commented on a fine levied by the National Stock Exchange (NSE).

Project Implementation Strategy

The renewable energy project will be implemented in phases, with the board specifically approving Phase 1 covering 50 MW of the total 130 MW capacity. The first phase requires an investment of ₹392 crores and will be funded through a mix of debt and internal accruals. The remaining 80 MW will be implemented subsequently, bringing the total project cost to ₹919 crores.

Regulatory Approvals and Infrastructure

The project has received final connectivity and transmission access approval from the Central Transmission Utility of India Limited (CTUIL). The initiative involves development of infrastructure for evacuation and transmission of power, with the primary rationale being to meet captive power requirements and enable power sales through exchanges and third-party purchase agreements.

Existing Operations and Expansion

NCL Industries currently operates 15.75 MW of hydro-power projects with a capacity utilization of 28.00%. The new solar and wind project represents a significant expansion of the company's power generation capabilities, diversifying its energy portfolio with renewable sources.

Compliance and Governance

During the board meeting, directors also addressed the NSE fine matter, emphasizing strict adherence to all SEBI LODR Regulations. The board advised management to remain fully updated on regulatory changes issued by SEBI and the Companies Act 2013. Company Secretary M. Divya Bharathi communicated the meeting outcomes to both BSE and NSE under the regulatory disclosure requirements.

NCL Industries Limited has released its production and dispatch data for the fourth quarter and full year ended March 31, 2026, revealing a mixed operational performance across its diversified business segments. The company filed the disclosure under Regulation 30 of SEBI listing requirements, providing comprehensive insights into its manufacturing activities.

Cement Business Shows Steady Growth

The company's core cement operations demonstrated consistent performance during Q4 FY26. Cement production reached 8,02,600 MT compared to 7,90,663 MT in the corresponding quarter of the previous year, marking a 2% growth. Similarly, cement dispatches increased by 1% to 8,04,813 MT from 7,94,096 MT in Q4 FY25.

For the full year FY26, cement production totaled 27,68,119 MT against 27,11,868 MT in FY25, representing a 2% annual growth. Cement dispatches for the year stood at 27,62,822 MT compared to 27,12,471 MT in the previous year, also showing 2% growth.

Cement Boards Segment Faces Challenges

The cement boards division experienced significant contraction during the reporting period. Q4 FY26 production declined sharply by 51% to 10,164 MT from 20,767 MT in Q4 FY25. Cement boards dispatches also decreased by 22% to 15,920 MT compared to 20,438 MT in the corresponding previous quarter.

The annual performance for cement boards showed production of 50,175 MT in FY26 against 82,299 MT in FY25, reflecting a 39% decline. Annual dispatches decreased by 29% to 55,521 MT from 78,617 MT in the previous year.

Other Business Segments Performance

The ready-mix concrete (RMC) segment recorded production and sales of 70,389 CuM in Q4 FY26, down 5% from 73,954 CuM in Q4 FY25. For the full year, RMC operations totaled 2,76,503 CuM compared to 3,15,238 CuM in FY25, showing a 12% decline.

The doors segment experienced the most significant impact, with quarterly production and sales dropping to just 20 units in Q4 FY26 from 4,725 units in Q4 FY25. Annual door production and sales fell dramatically by 94% to 1,934 units from 32,146 units in the previous year.

Energy Generation Shows Resilience

NCL Industries' hydro power generation provided a positive note, with annual energy production of 35.58 MU in FY26 compared to 34.44 MU in FY25, representing 3% growth. However, Q4 FY26 energy generation was 2.45 MU against 3.09 MU in Q4 FY25, showing a 21% quarterly decline.

The disclosure was signed by M. Divya Bharathi, Company Secretary and Compliance Officer, and submitted to both BSE and NSE as part of the company's regulatory compliance requirements.