The shares of a power generation company, engaged in lignite-based and renewable energy projects, were in focus after it received a Letter of Award from NTPC Limited for setting up a 450 MW ISTS-connected wind-solar hybrid power project.
With a market capitalization of Rs 32,004 Crores, the share price of NLC India was trading over 2% up to hit an intraday high of Rs 234.10 per share from its previous closing price of Rs 228.50 per share.
NLC India Limited, in a stock exchange filing, announced that it has received a Letter of Award (LoA) from NTPC Limited for setting up a 450 MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project. The project will be developed across two locations: 300 MW in Bikaner, Rajasthan, and 150 MW in Bhuj, Gujarat.
As part of the agreement, NLC India will supply the generated hybrid power to NTPC for a period of 25 years under a long-term Power Purchase Agreement (PPA). The company stated that the supply from the full project capacity is scheduled to begin within 24 months from the effective date of the PPA.
NLC India Limited (NLCIL) is a Navratna Public Sector Enterprise established in 1956, engaged in lignite mining and power generation. The company has a strong presence across the energy value chain with a total mining capacity of 50.10 MTPA, including 30.1 MTPA of lignite and 20 MTPA of coal.
In power generation, NLCIL operates 6,731 MW of capacity (including joint ventures), which includes 5,300 MW from thermal power and 1,431 MW from renewable sources like solar and wind. The company is also expanding into critical minerals, aligning with India’s strategic resource goals. link
With operations spread across the country, NLCIL continues to diversify into renewable energy and coal mining, contributing significantly to India’s energy security.
The company reported a revenue of Rs 15,283 crore in FY25, up by 17.57 percent from its FY24 revenue of Rs 12,999 crore. Coming to its profitability, the company reported a net profit rise of 45.29 percent to Rs 2,714 crore in FY25 from Rs 1,868 crore in FY24. The stock delivered an ROE and ROCE of 14.9 percent and 10.8 percent, respectively.
Written By Rohan Pandey
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