NLC India issued commercial paper worth ₹500 crore on September 22, 2026. The government-owned energy enterprise completed the allotment of short-term debt instruments to strengthen its liquidity position.

The issuance involved 10,000 units of commercial paper. Each instrument carried a face value of ₹500,000. This transaction was disclosed to stock exchanges under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Issuance details

The company confirmed the allotment date as September 22, 2026. The total quantum raised aligns with the face value and number of instruments issued.

Regulatory compliance

NLC India filed the disclosure with both the National Stock Exchange of India Ltd. and BSE Ltd. The communication was signed by Sushanta Kumar Panda, Company Secretary and Compliance Officer. The filing references Letter No. Secy/Reg. 30 & 51/2026 dated September 23, 2026.

NLC India has entrusted the additional charge of Director (Finance) to its Chairman and Managing Director (CMD), Dr. Prasanna Kumar Acharya, for an initial period of three months. This decision follows his recent appointment as CMD, effective September 17, 2026.

The Ministry of Coal issued the order on September 22, 2026, under Letter No. 21/24/2026-ESTABLISHMENT. The additional charge will remain in effect until a regular incumbent is appointed to the post or until further orders, whichever is earlier.

AGM Corrigendum Details

The original AGM notice, circulated on September 7, 2026, listed ten business items. The new Item No. 11 requires an Ordinary Resolution for Dr. Acharya’s appointment as CMD. All other existing items remain unchanged.

Professional Background

Dr. Acharya brings nearly three decades of experience in power, mining, and infrastructure sectors. He held key positions at GRIDCO, NTPC, and Tata Power before joining NLC India.

He holds a Bachelor's degree in Commerce (Honours) and an LLB from Utkal University. He also holds an MBA and is a Fellow Member of the Institute of Cost and Management Accountants of India.

During his tenure at NLC India, he led digital transformation initiatives including ERP modernisation and AI-enabled systems adoption. He contributed to securing approvals for coal block acquisitions and renewable energy projects.

The company aims to achieve more than 20 GW of power generation capacity and over 100 MTPA of mining capacity by 2030.