NLC India Limited reported a 39% year-on-year increase in Profit After Tax (PAT) to ₹3,769 crore for the financial year ended March 31, 2026, driven by strong operational performance across its mining and thermal segments. Revenue from Operations grew 15% YoY to ₹21,525 crore, while the EBITDA margin stood at 43%. The company also added 303 MW of renewable capacity during the year, aligning with its strategic pivot towards a diversified energy platform.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, submitted by Sushanta Kumar Panda, Company Secretary & Compliance Officer, provides a comprehensive overview of the group's financial and operational milestones for FY26.

Financial Performance

NLC India's consolidated financials reflected robust growth with Total Income reaching ₹18,467 crore. The Net Profit Margin improved to 20.49%, and the Earnings Per Share (EPS) rose to ₹25.40. The company maintained a healthy financial position with a Net Worth of ₹53,774 crore and a Debt-to-Equity ratio of 0.56.

Operational Highlights

Operationally, the company achieved an annual coal production of 19.14 MT and dispatch of 17.69 MT. The renewable subsidiary, NLC India Renewables Limited (NIRL), secured 2 GW of RE projects and 3,300 MWh of Battery Energy Storage System (BESS) contracts across various state utilities including PSPCL, NHPC, and GUVNL. The group's total installed capacity reached 5,960 MW of thermal and 1,734 MW of renewable energy.

Strategic Outlook

Looking ahead, NLC India plans to scale its renewable capacity to 10,110 MW by 2030, supported by a planned Initial Public Offering of NIRL in FY2027. The company is targeting a balanced 20,130 MW integrated energy platform by the end of the decade, contributing significantly to India's 500 GW non-fossil fuel energy pathway.

NLC India signed a Memorandum of Understanding (MoU) with Indian Institute of Technology (Indian School of Mines) Dhanbad – TEXMiN on May 26, 2026, at Neyveli to advance critical and strategic mineral exploration and research. This partnership aligns with the Government of India's vision to strengthen the nation's critical mineral security and supports the objectives of the National Critical Mineral Mission. The collaboration is expected to enhance indigenous capabilities in critical mineral value chains, ensuring long-term resource security for clean energy technologies, advanced manufacturing, and strategic industries.

The MoU was signed by Shri. I.S. Jasper Rose, Executive Director (Mines & Land), NLC India Limited, and Prof. Dheeraj Kumar, Deputy Director, IIT(ISM) Dhanbad and Director – TEXMiN. The ceremony was attended by Shri. Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Limited and Member of the Committee on Critical Minerals constituted by NITI Aayog, along with Dr. D.K. Singh, Chairman of the same committee, and Dr. Suresh Chandra Suman, Director (Mines), NLC India Limited.

NLC India Limited has been actively pursuing initiatives for the exploration and utilisation of critical and strategic minerals from both primary and secondary resources. The Company has secured two Critical Mineral Blocks through a transparent auction process and is actively pursuing the acquisition of additional critical mineral assets in India and overseas. Additionally, the Company is a member of the committee constituted by NITI Aayog to study the potential for recovery of critical and strategic minerals from secondary resources such as overburden, lignite, coal, and mine tailings.

Strategic Initiatives and Research Focus

As part of these initiatives, NLC India Limited has undertaken extensive studies on Rare Earth Elements (REE) and other trace elements from secondary source materials. The collaboration with IIT(ISM) TEXMiN is designed to strengthen research and technological capabilities in the areas of critical mineral exploration, beneficiation, and extraction technologies. TEXMiN, the Technology Innovation Hub of IIT(ISM) Dhanbad, is engaged in advanced research and technology development in mining and mineral sectors, with a specific focus on critical mineral exploration, beneficiation, and extraction methodologies.

Key Objectives of the Partnership

The partnership provides a platform for both organisations to jointly undertake research, technology development, and knowledge sharing in emerging areas of strategic mineral resource development. The key objectives include:

• Enhancing research in critical mineral exploration and extraction.
• Developing technological capabilities for beneficiation processes.
• Facilitating knowledge sharing in strategic mineral resource development.
• Supporting the national objective of self-reliance in critical minerals.

Shri. Prasanna Kumar Motupalli, Chairman and Managing Director, NLC India Limited, stated that the partnership reflects the company's commitment towards innovation-driven resource development and sustainable mining practices. He emphasised that the collaboration would help accelerate research and technological advancements in critical mineral exploration and beneficiation, contributing to India's strategic mineral security and self-reliance initiatives. The MoU signifies the shared commitment of both organisations towards fostering scientific collaboration, technological innovation, and sustainable development in the mining and mineral sector.