Synopsis: NLC India JV begins coal production at Pachwara South block in Jharkhand, with 9 MTPA capacity, strengthening fuel supply for the 3×660 MW Ghatampur thermal power project.
NLC India has commenced coal production at the Pachwara South Open Cast Mine in Jharkhand, marking a key operational milestone for the state-run energy company.
NLC India Pachwara South coal block: NLC India Ltd (NLCIL) announced that coal production has commenced at the Pachwara South Open Cast Mine in Jharkhand on Sunday, March 29, 2026, marking a significant milestone for the company’s mining operations.
The coal block will supply fuel to the 3×660 MW Ghatampur Thermal Power Plant, being developed by Neyveli Uttar Pradesh Power Limited (NUPPL), a joint venture between NLC India and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited.
According to the company, the Pachwara South coal block, located in the Dumka district of Jharkhand, was allocated to NUPPL in 2024 and has a normative production capacity of 9 million tonnes per annum (MTPA) of G10 grade coal, supported by extractable reserves of 264.84 million tonnes.
Previous project highlights
The early operationalisation of the Pachwara South mine strengthens NLC India’s strategy of vertical integration in power generation, enabling the company to secure an in-house fuel source for its joint venture power project.
This development is expected to reduce supply risks and improve the long-term operational viability of the Ghatampur thermal power plant in Uttar Pradesh, which is designed to add significant capacity to the country’s power generation infrastructure.
NLC India share price trend
NLC India (NLCINDIA) defied a volatile broader market today, gaining approximately 2.07% to trade between ₹265 and ₹276. The stock reached an intraday high due to news of its commencement of coal production at the Pachwara South block.
From a technical standpoint, NLC remains firmly in a bullish zone, trading consistently above its 50-day and 200-day moving averages. With a P/E of 13.6, well below the sector average of 27, analysts view the stock as attractively valued, while the upcoming listing of its renewable energy arm continues to provide a strong floor for the share price.
Company Overview
NLC India Limited is a Navratna CPSE and a veteran in India’s energy sector, diversifying from lignite mining into large-scale coal and solar power generation. The company recently achieved a major milestone by starting coal production at the 9 MTPA Pachwara South block to fuel its 1,980 MW Ghatampur project. With a target of 17 GW capacity by 2030 and a growing focus on its renewable energy arm, NLC remains a strategically integrated leader in the national power grid.
This operational breakthrough significantly de-risks NLC’s fuel supply chain and bolsters long-term margins, making the stock a strong, attractively valued contender in the PSU energy space.
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