NLC India Limited has made significant strides in both its renewable energy initiatives and financial performance, as revealed in recent company announcements and quarterly results.

Solar Project Milestone

NLC India has successfully commissioned the first phase of its ambitious 300 MW solar power project in Rajasthan. The company received the commissioning certificate from Rajasthan Renewable Energy Corporation Limited on August 26, 2025, for a 52.83 MW capacity installation at Barsingsar, Bikaner. This development marks a crucial step in NLC India's commitment to expanding its renewable energy portfolio.

Quarterly Financial Performance

Alongside its progress in green energy, NLC India has reported robust financial results for the latest quarter:

The company witnessed a substantial 42.75% year-over-year increase in net profit, rising to ₹798.00 crore from ₹559.00 crore in the same quarter last year. Revenue from operations also saw a healthy growth of 13.26%, reaching ₹3,826.00 crore compared to ₹3,378.00 crore in the previous year.

However, it's worth noting that EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) experienced a decline of 13.59%, falling to ₹935.00 crore from ₹1,082.00 crore. Consequently, the EBITDA margin contracted to 24.44% from 32.03% in the corresponding quarter of the previous year.

Stock Performance

The market responded positively to these developments, with NLC India's shares rising by 1.51% to ₹236.04. Over the past month, the stock has registered a modest gain of 0.70%.

Looking Ahead

The commissioning of the first phase of the solar project in Rajasthan aligns with NLC India's strategic focus on expanding its renewable energy footprint. As the company continues to balance its traditional operations with green energy initiatives, investors and industry observers will be keenly watching the progress of the remaining phases of the 300 MW solar project and its impact on future financial performance.

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.