NLC India Ltd

NLC India Limited (NLCIL) has signed three Memoranda of Understandings (MoUs) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) in Mumbai. These MoUs cover the establishment of a 3200 MW (4x800 MW) Ultra Super Critical coal-based thermal power plant with an estimated investment of ₹35,000 crore, expected to create 4,000 jobs. Additionally, NLCIL will explore coal gasification for potential fertilizer production linkages and investigate the establishment of a Beach Sand mineral processing facility with a tentative investment of ₹2,000 crore, aiming to generate 500 employment opportunities. These initiatives aim to bolster Odisha's industrial and infrastructure development, strengthen its power sector, and support economic growth.

NLC India Ltd has received an upgraded ESG rating from ICRA ESG Ratings Limited. The company's combined ESG rating has been moved from 'Adequate' to 'Strong', with the rating now standing at 60. This upgrade reflects an improvement in the company's environmental, social, and governance performance as assessed by ICRA.

NLC India Ltd has been assigned an Environmental, Social, and Governance (ESG) rating of "CRISIL ESG 57" by CRISIL ESG Ratings & Analytics Ltd. This rating was assigned independently by CRISIL based on publicly available data, and NLC India Ltd did not engage CRISIL for this rating. This disclosure is for informational purposes.

NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Ltd, has emerged as a successful bidder for a 50 MW/200 MWh Standalone Battery Energy Storage Systems project in Arambag, Hooghly, West Bengal. The project was awarded by the Department of Power, Government of West Bengal, on behalf of West Bengal State Electricity Distribution Company Limited (WBSEDCL) through a tariff-based competitive bidding process. NIRL has received the Letter of Award for this development, marking a significant step in expanding its renewable energy infrastructure.

NLC India Ltd has issued and allotted 20,000 Commercial Papers, each with a face value of Rs. 500,000/-, aggregating to Rs. 1,000 Crore. The issuance took place on October 12, 2026. This move is in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, indicating a significant fundraising activity by the company through short-term debt instruments.

NLC India Ltd announced the appointment of Shri P L S S Chaitanya Prakash as Director (Power) effective October 5, 2026. The appointment was made by the Ministry of Coal, Government of India, and is valid until his superannuation on December 31, 2029, or until further orders. Shri Prakash is a senior executive with over three decades of experience in the power and energy infrastructure sector, previously serving as Executive Director at Damodar Valley Corporation (DVC). He is not related to any existing directors of NLC India.

NLC India Renewables Limited (NIRL), a subsidiary of NLC India Ltd, has emerged as the successful bidder for a 265 MW/530 MWh Standalone Battery Energy Storage Systems (BESS) project in Haryana. The project was tendered by SJVN Limited under Viability Gap Funding (VGF) Schemes via Tariff-Based Competitive Bidding. NIRL secured the bid at a final capacity charge of INR 2,35,000 per MW per month. The company has received the Letter of Award from SJVN Limited for the development of this significant energy storage project.

NLC India Limited (NLCIL) announced a 38.5% dividend for FY 2025-26 at its 70th Annual General Meeting (AGM). The company reported a consolidated Profit Before Tax (PBT) of ₹3,875 Crore and an all-time high Profit After Tax (PAT) of ₹3,769 Crore, marking significant growth. Revenue from operations reached ₹17,490 Crore, with EBITDA touching ₹7,475 Crore. Capital expenditure hit a record ₹9,131 Crore, and net worth expanded by 14.96% to ₹21,525 Crore. NLCIL also highlighted achievements in coal production, green energy generation, and expansion plans towards a 20 GW power capacity and 100 MTPA mining capacity by 2047.

NLC India Ltd announced that its Board of Directors has approved the incorporation of a Joint Venture Company with National Aluminium Company Limited (NALCO). The JV will have a 50:50 equity participation between NLC India and NALCO. The primary objective is to develop a 1080 MW (4 X 270 MW) Thermal Captive Power Plant in phases to meet NALCO's captive power requirements. The company will also explore options for long-term Power Purchase Agreements (PPAs) for NALCO's renewable energy needs. The incorporation is subject to statutory, administrative, and DIPAM guidelines. The shares in the proposed JVC will be acquired by way of cash subscription at face value of Rs. 10/- each.

NLC India Ltd announced its Board of Directors has approved the incorporation of a Joint Venture Company (JVC) with National Aluminium Company Limited (NALCO). The JVC will have a 50:50 equity participation between NLC India and NALCO. The primary objective is to develop a 1080 MW (4 X 270 MW) Thermal Captive Power Plant in phases to meet NALCO's captive power requirements. The company will also explore options for long-term Power Purchase Agreements (PPAs) for NALCO's renewable energy needs. The JVC, to be named NLC NALCO Power Limited or similar, will be incorporated in India. Ministry of Coal has already conveyed DIPAM's approval for this JVC formation. Shares in the JVC will be acquired by cash subscription at face value of Rs. 10/- each.