NLC India Ltd Share Price – NSE  / BSE

Power Generation & Distribution, Small Cap

NIRL is a Navratna Central Public Sector Enterprise under the administrative control of the Ministry of Coal, Government of India, NIRL been actively expanding into large-scale renewable and green energy initiatives including solar, wind, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, low-carbon round-the-clock power and waste-to-energy projects.

Under the JV agreement, the joint venture will establish, operate and maintain green energy projects with an aggregate capacity of 1,000 MW in the first phase. The partnership will also explore the development of ancillary assets and other activities related to the green energy sector.

Commenting on the development, Prasanna Kumar Motupalli, chairman and managing director, NLCIL, stated that the partnership with OREDA marks a significant milestone in NLCIL's strategic diversification into clean and sustainable energy sectors and emphasised on Development of Renewable Energy projects using various technologies for Solar, Wind, Hybrid, Battery Energy Storage System I Pumped Hydro Storage, Green Hydrogen and any new potential RE Technology emerging in future.

NLC India is a Navratna public sector enterprise engaged in lignite mining and power generation. The Government of India held 72.20% in the company as of March 2026. On a consolidated basis, NLC India's net profit surged 189.12% to Rs 1393.46 crore while net sales rose 31.45% to Rs 5042.46 crore in Q4 March 2026 over Q4 March 2025.

The counter fell 0.46% to settle at Rs 325.50 on Wednesday, 24 June 2026.

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Under the proposed joint venture, the companies will develop large-scale solar, wind, and hybrid power projects, with or without energy storage systems such as battery energy storage and pumped storage projects, for third-party supply.

The projects will be set up across Tamil Nadu and are expected to cater to the energy requirements of commercial and industrial consumers, as well as support applications related to the production of green synthetic fuels and chemicals.

Speaking on the occasion, Shri Prasanna Kumar Motupalli, Chairman & Managing Director, NLC India Limited, stated that the partnership with IOCL marks a significant milestone in NLCIL?s strategic diversification into clean and sustainable energy sectors and emphasized the development of renewable energy projects using various technologies for solar, wind, hybrid, battery energy storage systems/pumped hydro storage, green hydrogen, and any new potential RE technology emerging in the future.

NLC India is a Navratna public sector enterprise engaged in lignite mining and power generation. The Government of India held 72.20% in the company as of March 2026. On a consolidated basis, NLC India's net profit surged 189.12% to Rs 1393.46 crore while net sales rose 31.45% to Rs 5042.46 crore in Q4 March 2026 over Q4 March 2025.

Shares of NLC India shed 0.26% to Rs 326.15 on the BSE.

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NLC India has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOCL) for formation of a Joint Venture (JV) for establishment of Renewable Energy Power Projects in the State of Tamil Nadu.

The MoU was signed on 22 June 2026 for the development of large scale Renewable Energy (RE) projects including Solar, Wind, Hybrid Power with or without Energy Storage such as Battery Storage and Pumped Storage Projects or any combination of the same for supply of renewable power to third party, Commercial and Industrial (C&I) consumers, Discoms, energy exchange, for e-mobility, power to applications such as usage/ production of green synthetic fuels/chemicals, complete value chain for solar module manufacturing etc. and any other opportunity in the renewable energy sector in the State of Tamil Nadu, as mutually agreed and based on techno-commercial feasibility.

While strengthening its conventional power portfolio, NLCIL has also been actively expanding into large-scale renewable and green energy initiatives including solar,wind, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, low-carbon round-the-clock power and waste-to-energy projects.

NLC India (NLCIL) signed a Memorandum of Understanding (MoU) with CSIR-Central Electrochemical Research Institute (CSIR-CECRI), Karaikudi on 10 June 2026 at Neyveli to foster collaboration in the field of critical and strategic minerals beneficiation and extraction technologies.

NLCIL has been actively pursuing opportunities in the exploration and development of critical and strategic minerals from both primary and secondary sources. The Chairman and Managing Director of NLCIL is a member of the committee constituted by NITI Aayog to examine the potential recovery of critical and strategic minerals from secondary resources such as overburden, lignite/coal, mine waste, and tailings. As part of this initiative, NLCIL has undertaken extensive studies on the occurrence and recovery potential of Rare Earth Elements (REEs) and other trace elements from secondary source materials.

Under this MoU, detailed studies will be undertaken on overburden materials and tailings generated from NLCI L's Neyveli Mines to assess the potential for extraction and recovery of Rare Earth Elements (REEs) and other trace elements. The collaboration will also explore similar opportunities across other mining and exploration projects of NLCIL, with the objective of developing sustainable and economically viable technologies for resource recovery from secondary sources.