NLC India Limited has received a credit rating reaffirmation from ICRA Limited for its Non-Convertible Debentures, maintaining the company's strong credit profile. The rating agency reviewed and reaffirmed the existing assessment for the government enterprise's debt instruments.

Rating Details and Financial Instruments

ICRA Limited conducted a comprehensive review and maintained its highest rating for NLC India's debt securities. The rating reaffirmation covers a substantial amount of the company's borrowing program.

Regulatory Compliance and Disclosure

The company communicated this development to both major stock exchanges on February 23, 2026, ensuring compliance with regulatory requirements. The disclosure was made under Regulation 30 & 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The communication was addressed to:

• National Stock Exchange of India Ltd. (Scrip Symbol: NLCINDIA)
• BSE Ltd. (Scrip Code: 513683)

Company Profile and Corporate Structure

NLC India Limited operates as a 'Navratna' Government of India Enterprise, reflecting its status as one of the premier public sector undertakings. The company maintains its registered office in Chennai and corporate office in Neyveli, Tamil Nadu.

Key corporate details include:

• CIN: L93090TN1956GOI003507
• Registered Office: No.135, EVR Periyar High Road, Kilpauk, Chennai-600 010
• Corporate Office: Block-1, Neyveli-607 801, Cuddalore District, Tamil Nadu

The rating reaffirmation by ICRA Limited demonstrates the continued confidence of credit rating agencies in NLC India's financial strength and ability to service its debt obligations. The AAA rating with stable outlook indicates the highest degree of safety regarding timely servicing of financial obligations, providing assurance to investors and stakeholders about the company's creditworthiness.

NLC India Limited has announced updates to its Environmental, Social and Governance (ESG) ratings for FY2025, as disclosed under SEBI regulations 30 and 51. The Navratna government enterprise received assessments from two rating agencies with maintained and new ratings respectively.

ICRA ESG Rating Maintained

ICRA ESG Ratings Limited reviewed and maintained NLC India's existing ESG score through its report dated February 21, 2026. The rating details are presented below:

The maintenance of the score indicates consistency in the company's ESG performance metrics as evaluated by ICRA's assessment framework.

NSE Sustainability Rating Assignment

NSE Sustainability Ratings & Analytics Ltd assigned a new ESG rating for the company covering FY2025 performance. The rating was issued through a report dated February 20, 2026:

Rating Methodology and Independence

The company specifically clarified that NSE Sustainability Ratings & Analytics Ltd assigned the rating independently, utilizing data available in the public domain. NLC India emphasized that it did not engage NSE Sustainability Ratings & Analytics Limited directly for the ESG rating process, highlighting the independent nature of this assessment.

Regulatory Compliance

Both ESG rating updates were disclosed pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to both major stock exchanges where the company's shares are listed - the National Stock Exchange of India Ltd and BSE Ltd.

The ESG ratings provide stakeholders with standardized assessments of the company's environmental, social, and governance practices, contributing to transparency in sustainable business performance evaluation.