NLC India Subsidiary Secures 250 MW/500 MWh Battery Energy Storage Projects
NLC India's subsidiary has received a Letter of Acceptance (LOA) for three standalone Battery Energy Storage System (BESS) projects with a combined capacity of 250 MW/500 MWh. This move signifies the company's expansion in the renewable energy sector and its commitment to adopting advanced energy technologies. The projects align with India's growing focus on renewable energy integration and grid stability, potentially opening new revenue streams for NLC India in the power sector.
28May 25
NLC India Secures Preferred Bidder Status for Mineral Blocks in Chhattisgarh, Shares Rise
NLC India Ltd., a Navratna PSU, has been declared the preferred bidder for two mineral blocks in Chhattisgarh's Balod district: the Semhardih Block and the Raipura Phosphorite and Limestone Block. Following this announcement, NLC India's shares rose by up to 3.00%. This acquisition expands NLC India's mineral portfolio, potentially opening new revenue streams and strengthening its presence in Chhattisgarh.
NLC India Reports Strong Q4 Results, Announces Corporate Actions and Dividend
NLC India Ltd, a Navratna company under the Ministry of Coal, reported a consolidated net profit of ₹482.00 crore for Q4, up 322.8% year-over-year. Revenue increased by 8.3% to ₹3,836.00 crore. The company announced a final dividend of ₹1.50 per equity share. Strategic actions include forming a joint venture with RVUNL for a thermal power station, commencing commercial operation of Ghatampur Unit-I (660 MW), acquiring two coal blocks (Machchakata and New Patrapara), and signing an MoU with DVC for coal supply.
19May 25
NLC India Expands Coal Projects and Power Generation Capacity
NLC India Limited (NLCIL) has secured new coal projects including the New Patrapara Coal Mine (12 MTPA) and Machchakata Coal Block (30 MTPA). The company signed an MOU with DVC for 2.0 MTPA coal supply. NLCIL also declared commercial operation of Ghatampur Unit-I with 660 MW capacity, significantly expanding its power generation capabilities.
NLC India Ltd. has reported impressive Q4 FY2023 results with a 323% increase in net profit to ₹482.00 crore and an 8.3% rise in revenue to ₹3,836.00 crore. The company's board has recommended a final dividend of ₹1.50 per equity share. Additionally, NLC India has approved a new joint venture with RVUNL for a lignite-based power project, aiming to expand its power generation capacity.
07May 25
NLC India Signs PPA for 810 MW Solar Project, Expands into Critical Minerals
NLC India's subsidiary signed a PPA for an 810 MW solar project in Rajasthan, expected to generate 2 billion units of green electricity annually. The company also entered an MoU with IREL (India) Ltd to develop critical mineral assets and rare earth elements, diversifying its operations beyond traditional coal and lignite.
06May 25
NLC India Forges Strategic Partnership with IREL for Critical Mineral Development
NLC India Limited, a Navratna company under the Ministry of Coal, has signed an MoU with IREL (India) Limited to explore and develop critical mineral assets. The partnership covers mining, excavation, and refining of mutually agreed assets, marking NLC India's diversification from its traditional coal mining and power generation operations. This collaboration between two government entities highlights India's focus on securing critical mineral resources for technological and industrial growth.
06May 25
NLC India's Subsidiary Secures Massive 810 MW Solar Project in Rajasthan
NLC India Ltd's subsidiary, NLC India Renewables Ltd (NIRL), has signed a Power Purchase Agreement for an 810 MW solar project at Pugal Solar Park in Rajasthan. This marks NIRL's largest solar venture to date, significantly expanding NLC India's renewable energy portfolio. The project aligns with India's clean energy goals and demonstrates the company's commitment to sustainable energy solutions.
10Mar 25
NLC India Approves USD 200 Million External Commercial Borrowing with Green Shoe Option
NLC India's board has granted in-principle approval for an external commercial borrowing (ECB) of up to USD 200 million, with a green shoe option for an additional USD 200 million. The decision was made during a board meeting on March 10, 2025. While the specific use of funds is not disclosed, ECBs are typically used for expansion projects, refinancing, working capital, or technology upgrades. The company has informed the National Stock Exchange and BSE of this development in compliance with SEBI regulations.
02Mar 25
NLC India Secures 200 MW Wind Power Project, Bolstering Its Renewable Energy Portfolio
NLC India Limited (NLCIL) has been awarded a 200 MW wind power project by SJVN Limited, expanding its renewable energy portfolio. The project, with a tariff of ₹3.74 per kilowatt-hour, is expected to generate 526 million units of clean energy annually. This addition brings NLCIL's total wind power capacity to over 300 MW, aligning with India's National Green Energy Policy and the goal of 500 GW non-fossil fuel capacity by 2030. NLCIL aims to achieve 10 GW of renewable energy capacity by 2030 and is investing in various green energy initiatives.
02Mar 25
NLC India Secures 200 MW Wind Power Project, Bolstering Renewable Energy Portfolio
NLC India Limited (NLCIL) has been awarded a 200 MW wind power project by SJVN Limited, marking a significant step towards its 10 GW renewable energy capacity target by 2030. The project, secured at a competitive tariff of ₹3.74 per kWh, is expected to generate 526 million units of clean energy annually. This acquisition increases NLCIL's total wind power capacity to over 300 MW and aligns with India's national green energy policy and the government's target of 500 GW non-fossil fuel capacity by 2030. NLCIL is also investing in solar, hybrid power, battery storage, and green hydrogen initiatives as part of its broader renewable energy strategy.