NLC India

NLC India Limited and National Aluminium Company (NALCO) signed a joint venture agreement on July 8 to set up a 4×270 MW (1,080 MW) coal-based captive thermal power plant at Angul in Odisha. The venture, with equal 50:50 equity participation, will finance, construct, own and operate the plant to supply reliable long-term power for NALCO's expansion projects. The agreement was inked in the presence of Union Minister for Coal and Mines G. Kishan Reddy. The project adds to NLC's growing thermal portfolio and reinforces its role as a power provider for industrial clients. Both companies are Navratna Central Public Sector Enterprises. No financial details of the planned investment were disclosed.

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NLC India Renewables, a wholly owned subsidiary of NLC India Limited, has received a Letter of Award from Bundelkhand Saur Urja Limited for setting up two 300 MW solar power projects at the Jalaun Solar Power Park in Uttar Pradesh. The award was secured through tariff-based competitive bidding and forms part of the 1,200 MW Jalaun solar park. Bundelkhand Saur Urja Limited is a joint venture between state-run NHPC Limited and UPNEDA. No financial details or tariff rates were disclosed in the regulatory filing.

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June 29 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA - ISSUES AND ALLOTS 4 BILLION RUPEES WORTH COMMERCIAL PAPER

Source text: ID:nNSE2pHWVp

Further company coverage: NLCI.NS

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NLC India Renewables Limited, a wholly owned subsidiary of NLC India, signed a joint venture agreement with Odisha Renewable Energy Development Agency (OREDA) on June 23 for establishing 1,000 MW of green energy capacity across Odisha in the first phase. The agreement, signed in the presence of Odisha's Deputy Chief Minister and senior officials, also covers forward and backward integration into other green energy avenues. The development is subject to techno-commercial feasibility and necessary approvals from respective boards, governments, and the Ministry of Coal. The JV marks a concrete step in NLC India's diversification into solar, wind, hybrid, pumped hydro storage, battery storage, green hydrogen, and other clean energy technologies.

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June 24 (Reuters) - NLC India Renewables Ltd NLCD.NS:

• NLC INDIA - NLC INDIA RENEWABLES SIGNS JOINT VENTURE AGREEMENT WITH OREDA

• NLC INDIA - JV FOR DEVELOPMENT OF GREEN ENERGY PROJECTS IN ODISHA

• NLC INDIA - AGREEMENT TO ESTABLISH, OPERATE 1000 MW GREEN ENERGY IN FIRST PHASE

Source text: [ID:]

Further company coverage: NLCD.NS

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June 23 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA - SIGNS MOU WITH INDIAN OIL CORPORATION FOR LARGE SCALE RENEWABLE ENERGY PROJECTS

Source text: ID:nNSE4nF3r3

Further company coverage: NLCI.NS

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NLC India's joint venture Neyveli Uttar Pradesh Power Limited has declared commercial operation of the third 660 megawatt unit at the Ghatampur thermal power project in Uttar Pradesh effective June 13, 2026. The milestone completes the full commissioning of the 3×660 MW plant, which will now operate at its total capacity of 1,980 megawatts. The group's overall installed capacity has risen from 7,745 MW to 8,405 MW. NLC India holds a 51% stake in the venture, with Uttar Pradesh Rajya Vidyut Utpadan Nigam owning the remainder. The plant is expected to strengthen reliable power supply to Uttar Pradesh and contribute to meeting national energy demand.

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June 11 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA - SIGNS MOU WITH CSIR-CECRI FOR MINERAL BENEFICIATION AND EXTRACTION

• NLC INDIA - TO STUDY EXTRACTION OF RARE EARTH ELEMENTS FROM NEYVELI MINES

Source text: ID:nBSE8vsJ3W

Further company coverage: NLCI.NS

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** Shares of NLC India NLCI.NS fall 3.3% to 324.80 rupees

** Indian government to sell up to 3% stake in NLC India via offer for sale

** Floor price for offer for sale set at 303 rupees per share, 9.8% discount to NLC's closing price on Monday

** YTD, NLCI up ~30%

(Reporting by Vijay Malkar)

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NLC India's promoter, the Government of India, will sell up to 3% of its equity through an offer for sale on stock exchanges. The base offer is 2% of shares, with an oversubscription option for an additional 1%. The floor price has been set at ₹303 per share. The sale will take place on June 9 for non-retail investors and June 10 for retail investors and employees. The move is part of the government's ongoing disinvestment programme and will reduce the Centre's stake in the state-run coal and power company.

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June 8 (Reuters) - The Indian government will sell up to a 3% stake in mining and power generation firm NLC India NLCI.NS via an offer for sale, according to an X post from the secretary of India's Department of Investment and Public Asset Management (DIPAM).

Here are some details:

• The OFS consists of a base offer of up to a 2% equity stake in NLC India, with the option to sell an additional 1% in case shares are oversubscribed. The Indian government holds a 72.2% stake in the company, as of March 31.

• An OFS allows large shareholders of listed companies to sell shares to the public through stock exchanges without issuing new shares.

• The floor price has been fixed at 303 Indian rupees ($3.17) per share, implying about a 9.8% discount to NLC's last closing price.

• The OFS opens for non-retail investors on June 9, and for retail investors on June 10.

• The stake sale is part of the Indian government's broader divestment and asset monetisation program. In the Union Budget for fiscal 2027, the government set a divestment and asset monetisation target of 800 billion rupees for the year.
  

($1 = 95.7075 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Diti Pujara)

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May 25 (Reuters) - NLC India Ltd NLCI.NS:

• SIGNS MOU WITH NPCIL FOR NUCLEAR POWER JV

Source text: ID:nBSE2GfstH

Further company coverage: NLCI.NS

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** Shares of NLC India NLCI.NS rise as much as 19% to a record high of 387.80 rupees

** Stock trims some gains to last trade 16.5% higher, set to gain most in a single session since May 2021

** State-run coal miner's Q4 consol net profit jumps three fold to 13.93 billion rupees; revenue climbs 31.4%

** NLC India coal production stood at 19.14 MT in FY26, up 11.28% y/y

** Mining segment's rev grows 21% y/y in Q4 and thermal up 25.5% in Q4

** YTD, NLCI up ~50%

(Reporting by Urvi Dugar in Bengaluru)

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May 13 (Reuters) - NLC India Ltd NLCI.NS:

• MARCH-QUARTER CONSOL NET PROFIT 13.93 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 50.42 BILLION RUPEES

Source text: [ID:]

Further company coverage: NLCI.NS

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Repeats story that ran on Monday, with no changes

By Nikunj Ohri

NEW DELHI, Feb 23 (Reuters) - India aims to raise 1.79 trillion rupees ($19.7 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, it said on Monday.

The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government think tank NITI Aayog said in a report released late on Monday.

The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.

They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, below the government's 6 trillion rupee target.

STAKE SALES IN STATE-RUN FIRMS

Under the plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said. It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.

It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.

The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.

In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.

($1 = 90.9110 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Susan Fenton)

(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))

By Nikunj Ohri

NEW DELHI, Feb 23 (Reuters) - India aims to raise 1.79 trillion rupees ($19.7 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, it said on Monday.

The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government think tank NITI Aayog said in a report released late on Monday.

The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.

They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, below the government's 6 trillion rupee target.

STAKE SALES IN STATE-RUN FIRMS

Under the plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said. It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.

It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.

The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.

In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.

($1 = 90.9110 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Susan Fenton)

(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))

By Neha Arora

NEW DELHI, Feb 12 (Reuters) - Security risks are prompting India to pull out of a lithium project in Mali backed by Russia's state nuclear corporation Rosatom, sources said, as New Delhi seeks to safeguard its investments in the politically unstable West African nation.

Western nations, from Britain and France to the United States, have urged citizens to leave the landlocked nation as security concerns rise in its battle with al Qaeda-linked militants targeting economic assets and foreign investment.

Last year Rosatom approached India's government-backed Khanij Bidesh India Ltd (KABIL) and NLC India Ltd NLCI.NS for lithium exploration in Mali, an emerging producer of the metal critical in making batteries for electric vehicles.

"The project is on hold because we cannot be spending on something where there is a chance we will lose our investment," one of the sources said.

Both sources, who were directly involved in the decision-making, sought anonymity because the discussions were confidential.

India's mining ministry, KABIL and NLC India did not respond to Reuters requests for comment. Rosatom declined to comment.

Russia has been cultivating ties with a string of African countries, through efforts including military cooperation, and has strengthened relations with Mali and Burkina Faso.

The world's fastest-growing major economy, India has sought a steady supply of lithium in anticipation of rising demand for the metal, key to cutting carbon emissions from the world's third-largest emitter.

New Delhi is targeting 30% electric car penetration and 80% for two-wheelers by 2030, up from 4% and 6% now.

India has recently stepped up efforts for deals to access critical minerals in resource-rich countries such as Argentina, Australia and Chile.

In 2024, KABIL signed an exploration and development pact with a state-owned firm in Argentina to explore and mine five lithium blocks, but has not signed any similar deals since.

(Reporting by Neha Arora; additional reporting by Anastasia Lyrchikova in Moscow; Editing by Mayank Bhardwaj and Clarence Fernandez)

(([email protected]; X: neha_5;))

Feb 10 (Reuters) - NLC India Ltd NLCI.NS:

• DEC-QUARTER CONSOL NET PROFIT 6.66 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 44.43 BILLION RUPEES

Source text: ID:nBSE9jNHhs

Further company coverage: NLCI.NS

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Feb 3 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA - NLC INDIA RENEWABLES RECEIVES AWARD FOR 600MW PROJECT

Source text: ID:nBSE2bPqG7

Further company coverage: NLCI.NS

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** Shares of NLC India NLCI.NS rise 2.9% to 262.50 rupees

** The power generation co signs a memorandum of understanding with the Government of Gujarat for development of large-scale renewable energy projects

** Projects, developed through its unit, include solar, wind, hybrid and battery energy storage, with an aggregate investment potential of about 250 billion rupees ($2.78 billion)

($1 = 90.0438 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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**Shares of NLC India NLCI.NS rise nearly 2.5% to 262.35 rupees

** State-run coal miner gives in-principle nod to list unit NLC India Renewables NLCD.NS through dilution of equity stake of up to 25% in one or more tranches through a public offer

** Co also gave in-principle approval to invest up to 666 million rupees ($7.38 million) in NLC India Renewables to fund its green energy projects through JV firms

** Stock rose 0.57% in 2025 and is up nearly 5% YTD

($1 = 90.1910 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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Jan 12 (Reuters) - NLC India NLCI.NS said on Monday its board has given an in-principle nod to list unit NLC India Renewables NLCD.NS through dilution of equity stake of up to 25% in one or more tranches through a public offer.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)

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Jan 1 (Reuters) - NLC India Ltd NLCI.NS:

• TRANSFERS 7 RENEWABLE ENERGY ASSETS TO SUBSIDIARY

Source text: ID:nBSEbxqmkr

Further company coverage: NLCI.NS

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Dec 31 (Reuters) - NLC India Ltd NLCI.NS:

• SIGNS COAL MINING AGREEMENT WITH GRN NORTH DHADU COAL MINE ON DEC 30

• NORTH DHADU COAL MINE HAS 110 MILLION TONNES RESERVES, 3 MILLION TONNES ANNUAL CAPACITY

Source text: ID:nBSEc7t1Vw

Further company coverage: NLCI.NS

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** Shares of NLC India NLCI.NS rise 1.65% to 260.50 rupees

** NLCI up about 13.7% this week, on course for best week in about six months

** NLC shares gain on optimism around rare earth supply, as easing curbs in China boost sector sentiment, says SBICaps

** Co signs MoU with Khanij Bidesh India Limited (KABIL) for critical mineral projects

** KABIL is JV of state-run National Aluminium Co (NALCO) NALU.NS, Hindustan Copper Ltd and Mineral Exploration and Consultancy

** More than 35.5 mln shares traded so far, 2.3x 30-day avg

** Stock up about 5% YTD

(Reporting by Urvi Dugar)

(([email protected]))

Aug 7 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA JUNE-QUARTER CONSOL NET PROFIT 7.98 BILLION RUPEES

• NLC INDIA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 38.26 BILLION RUPEES

• NLC INDIA - TO TRANSFER RENEWABLE ASSETS WORTH 52.28 BILLION RUPEES TO UNIT

Source text: [ID:]

Further company coverage: NLCI.NS

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July 16 (Reuters) - NLC India Ltd NLCI.NS:

• UNION CABINET APPROVES INVESTMENT EXEMPTION FOR CO

• NLCIL TO INVEST 70 BILLION RUPEES IN NLC INDIA RENEWABLES

Source text: ID:nBSE8zWxpQ

Further company coverage: NLCI.NS

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July 7 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA LTD - APPROVES 16.31 BILLION RUPEES INVESTMENT IN SUBSIDIARY

Source text: ID:nBSE8xGZ1C

Further company coverage: NLCI.NS

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May 7 (Reuters) - NLC India Ltd NLCI.NS:

• UNIT FORMS JV WITH ASSAM POWER DISTRIBUTION COMPANY

• NIRL HOLDS 51% IN JV COMPANY

Source text: ID:nBSE40kqVt

Further company coverage: NLCI.NS

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May 6 (Reuters) - NLC India Ltd NLCI.NS:

• MEMORANDUM OF UNDERSTANDING (MOU) WITH IREL (INDIA)

Source text: ID:nBSE78b4Qp

Further company coverage: NLCI.NS

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