NLC India Limited has taken a significant step forward in its renewable energy initiatives by successfully commissioning the first phase of its 300 MW Solar Power Project in Rajasthan. The company announced the achievement through a regulatory filing on August 26, 2025.

Project Details

Key Highlights

• The first phase of the project, with a capacity of 52.83 MW, has been declared commercially operational.
• NLC India received the Commissioning Certificate from Rajasthan Renewable Energy Corporation Limited on August 26, 2025.
• This development marks a crucial milestone in NLC India's expansion into solar power generation.

Company Statement

In its regulatory filing, NLC India stated, "The first phase of the '300 MW Solar Power Project' of the Company, with a capacity of 52.83 MW has been successfully commissioned and declared commercially operational at Barsingsar, Distt. Bikaner, Rajasthan."

Implications

The successful commissioning of this solar power project aligns with India's push towards increasing its renewable energy capacity. For NLC India, traditionally known for its lignite mining and thermal power generation, this project represents a significant step in diversifying its energy portfolio and contributing to the nation's clean energy goals.

About NLC India Limited

NLC India Limited, formerly known as Neyveli Lignite Corporation Limited, is a 'Navratna' Government of India Enterprise. The company has been expanding its operations beyond lignite mining and thermal power generation to include renewable energy sources like solar and wind power.

Investors and stakeholders will likely be watching closely as NLC India progresses with the remaining phases of this 300 MW Solar Power Project, which could potentially impact the company's future performance and environmental footprint.

NLC India Limited, a Navratna public sector undertaking, has reported robust financial results for the first quarter, accompanied by significant operational achievements and strategic developments.

Strong Financial Performance

The company's revenue from operations rose 13.25% year-over-year to Rs. 3,825.61 crore in Q1, compared to Rs. 3,378.17 crore in the same period last year. Profit After Tax (PAT) surged an impressive 48.09% to Rs. 839.21 crore, up from Rs. 566.69 crore in Q1 of the previous year. Total income for the quarter grew 12.99% to Rs. 4,115.85 crore.

Operational Highlights and Project Milestones

NLC India achieved several notable operational milestones during the quarter:

• The Prime Minister dedicated NUPPL's 660 MW Unit 1 at Ghatampur Thermal Power Station to the nation.
• NUPPL successfully achieved oil synchronization of Unit-2 (660 MW) at the Ghatampur project.
• The company was declared the preferred bidder for phosphorite and limestone blocks in Chhattisgarh, marking its entry into critical minerals mining.
• NLC India Renewables Limited (NIRL) secured a 250MW/500MWhr Battery Storage System project from Tamil Nadu Green Energy Corporation.
• NIRL received a Letter of Award from NTPC for a 450 MW wind-solar hybrid project.

Strategic Developments

The Cabinet Committee on Economic Affairs (CCEA) approved a Rs. 7,000 crore investment in NIRL, beyond the Navratna guidelines issued by the Department of Public Enterprises. This strategic move is expected to bolster the company's renewable energy portfolio.

Capital Expenditure and Project Execution

NLC India demonstrated strong project execution capabilities, with capital expenditure achievement reaching Rs. 1,925.62 crore, representing 113% of the target of Rs. 1,708.88 crore for the quarter.

Subsidiary Performance

NUPPL, a subsidiary of NLC India, generated revenue from operations of Rs. 642.29 crore during the quarter, contributing to the group's overall strong performance.

Outlook

With its robust financial performance, significant operational achievements, and strategic investments in renewable energy, NLC India appears well-positioned for sustained growth in the power and mining sectors. The company's diversification into critical minerals mining and expansion of its renewable energy portfolio indicate a forward-looking approach to address the evolving energy landscape.

As NLC India continues to execute its growth strategy and capitalize on new opportunities, investors and stakeholders will likely keep a close watch on the company's performance in the coming quarters.