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Business Standard
08-08-2025
- Business
- Business Standard
NLC India Q1 PAT zooms 43% YoY to Rs 798 cr; approves Rs 5,228 crore asset transfer to renewable arm
NLC India's consolidated net profit jumped 42.57% to Rs 797.59 crore on a 13.24% increase in revenue from operations to Rs 3,825.61 crore in Q1 FY26 over Q1 FY25. Profit before tax tanked 27.75% to Rs 593.60 crore in Q1 FY26 as against Rs 821.66 crore in Q1 FY25. Total expenses rose 27.75% year on year to Rs 3,728.96 crore in the quarter ended 30 June 2025. Employee benefits expense stood at Rs 578.93 (down 8.32%YoY), finance cost was at Rs 298.79 crore (up 57.68%) and cost of fuel consumed stood at Rs 776.33 crore (up 72.53% YoY) during the period under review. Revenue from Mining segment jumped 25.17% to Rs 2,043.40 crore in Q1 FY26 as against Rs 1,632.49 crore in Q1 FY25. Revenue from Power Generation segment rallied 6.62% to Rs 3,272.42 crore in Q1 FY26 from Rs 3,069.12 crore in Q1 FY25. On a standalone basis, the companys net profit fell 25.76% to Rs 368.17 crore on 5.78% decline in revenue from operations to Rs 2495.60 in Q1 FY26 over Q1 FY25. Alongside the quarterly results, the company has received in-principle approval to execute a business transfer agreement for transferring its operational renewable energy assets to its wholly owned subsidiary, NLC India Renewables (NIRL). The transfer involves renewable assets valued at Rs 5,228 crore, subject to adjustments based on the asset valuation on the actual date of transfer. NIRL was specifically formed to develop and operate the companys renewable energy portfolio. This restructuring is part of NLC Indias broader Asset Monetization Scheme, which has been approved by the Ministry of Coal, the companys administrative ministry. The move aims to streamline operations by consolidating renewable energy assets under a focused entity. The proposed transfer will be executed through a combination of cash consideration, equity share allotment, or loan/interest transfer in favor of NIRL. NLC India is engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy Sources. Shares of NLC India rose 0.09% to currently trade at Rs 233.50 on the BSE.
Time of India
20-07-2025
- Business
- Time of India
NLC India arm NIRL to go public in Q2 of FY27; to raise Rs 4,000 cr to part fund expansion
New Delhi: NIRL , the renewable energy arm of state-owned NLC India , is expected to go public in the second quarter of the next financial year to raise around Rs 4,000 crore to part fund its expansion plans, a top official of the company said. In an interview to PTI, Chairman and Managing Director (CMD) of NLC India Ltd (NLCIL) Prasanna Kumar Motupalli said that the public sector enterprise is targeting to ramp up its renewable energy capacity from the current 1.4 GW to 10 GW by 2030 and the company plans to raise Rs 4,000 crore through initial public offering (IPO) route. Explore courses from Top Institutes in Select a Course Category PGDM Product Management Others healthcare Data Science MCA Healthcare Operations Management Leadership Artificial Intelligence Finance others CXO Data Science Public Policy Technology Degree Project Management Management MBA Digital Marketing Cybersecurity Design Thinking Data Analytics Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo The company plans to file draft papers with markets regulator SEBI in the first quarter of 2026-27. "We are targeting ₹4,000 crore through IPO by September we will be in a position to ramp up our renewable assets through NIRL and by March 2026 we will be able to complete the legal and the financial due diligence and in the first quarter of 2026-27 we will be going for DRHP through the SEBI," the CMD explained. NLC India Ltd, which will invest ₹50,000-₹60,000 crore to increase its renewable energy capacity by almost seven times, plans to do it through equity and debt. Live Events "The equity portion is funded through internal resources," he said. The cabinet committee on economic affairs (CCEA) on July 16 gave a special exemption to NLC India Ltd from investment guidelines that govern government-owned firms, which will enable NLCIL to invest ₹7,000 crore in NIRL. The company will also be able to invest in various projects directly or through joint ventures, without seeking approvals, which are a must for all Navratna Central Public Sector Enterprises. At present, NLCIL operates seven renewable energy assets with a total installed capacity of 2 GW, which are either operational or close to commercial operation. NLC India is a 6 GW company which includes 4.6 GW thermal capacity. NLC India -- the first company in the country to add 1 GW renewable capacity -- has plans to scale up its green energy capacity to 32 GW by 2047. NLC India , under the Ministry of Coal, is into businesses of mining and power generation.
Time of India
20-07-2025
- Business
- Time of India
NLC India arm NIRL to go public in Q2 of FY27; to raise ₹4,000 cr to part fund expansion: CMD
New Delhi: NIRL , the renewable energy arm of state-owned NLC India , is expected to go public in the second quarter of the next financial year to raise around Rs 4,000 crore to part fund its expansion plans, a top official of the company said. In an interview to PTI, Chairman and Managing Director (CMD) of NLC India Ltd (NLCIL) Prasanna Kumar Motupalli said that the public sector enterprise is targeting to ramp up its renewable energy capacity from the current 1.4 GW to 10 GW by 2030 and the company plans to raise Rs 4,000 crore through initial public offering (IPO) route. The company plans to file draft papers with markets regulator SEBI in the first quarter of 2026-27. "We are targeting ₹4,000 crore through IPO by September we will be in a position to ramp up our renewable assets through NIRL and by March 2026 we will be able to complete the legal and the financial due diligence and in the first quarter of 2026-27 we will be going for DRHP through the SEBI," the CMD explained. NLC India Ltd, which will invest ₹50,000-₹60,000 crore to increase its renewable energy capacity by almost seven times, plans to do it through equity and debt. "The equity portion is funded through internal resources," he said. The cabinet committee on economic affairs (CCEA) on July 16 gave a special exemption to NLC India Ltd from investment guidelines that govern government-owned firms, which will enable NLCIL to invest ₹7,000 crore in NIRL. The company will also be able to invest in various projects directly or through joint ventures, without seeking approvals, which are a must for all Navratna Central Public Sector Enterprises. At present, NLCIL operates seven renewable energy assets with a total installed capacity of 2 GW, which are either operational or close to commercial operation. NLC India is a 6 GW company which includes 4.6 GW thermal capacity. NLC India -- the first company in the country to add 1 GW renewable capacity -- has plans to scale up its green energy capacity to 32 GW by 2047. NLC India, under the Ministry of Coal, is into businesses of mining and power generation. PTI
The Hindu
17-07-2025
- Business
- The Hindu
Centre approves NLCIL's ₹7,000-crore investment in renewable energy arm
The Union Government has approved a ₹7,000-crore investment by NLC India Limited (NLCIL) into its renewable energy arm, NLC India Renewables Limited (NIRL). According to an NLCIL press note, the Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister has granted an exemption from the existing guidelines of the Department of Public Enterprises (DPE), empowering NLCIL to invest in NIRL, and to enable NIRL to invest in projects independently or through joint ventures. This significant decision exempts NLCIL and NIRL from the 30% net worth ceiling imposed on Central Public Sector Enterprises for investment in subsidiaries and joint ventures (JVs), ensuring enhanced operational autonomy and financial agility. The move is poised to catalyse NLCIL's growth in the renewable energy sector, aligning with India's national energy transition goals. NLCIL operates a renewable energy portfolio of 1.4 GW. These assets will be transferred to NIRL to consolidate green energy initiatives under a unified platform. With this strategic support, NLCIL plans to scale its renewable energy capacity from the current 1.4 GW to 10 GW by 2030, contributing significantly to India's commitment of installing 500 GW of non-fossil fuel capacity by 2030, as declared at COP 26 under the ''Panchamrit' strategy. The long-term vision of NLCIL includes expanding this capacity to 32 GW by 2047, in alignment with the nation's goal of achieving Net Zero emissions by 2070. NLCIL said the approval would help the company strengthen India's global position in green energy leadership; reduce India's coal imports and carbon footprint; ensure reliable 24x7 power supply through clean sources; generate large-scale direct and indirect employment, and promote inclusive socio-economic development in project regions. According to NLCIL Chairman and Managing Director Prasanna Kumar Motupalli, 'The support extended by the Government of India through this exemption is a game changer for NLCIL's renewable energy roadmap. It reaffirms our commitment to building a sustainable future and scaling up green energy infrastructure. The company is now well-positioned to invest in cutting-edge technologies and forge strategic collaborations that will help us realise our goals.'
Indian Express
16-07-2025
- Business
- Indian Express
Renewables boost: NTPC can now invest Rs 20,000 crore, NLC India Rs 7,000 crore after Cabinet approval
In a major move to boost public investment in India's renewable energy sector, the Union Cabinet has approved state-owned NTPC Ltd to invest up to Rs 20,000 crore in its subsidiary NTPC Green Energy Ltd, an amount earlier limited to Rs 7,500 crore. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday also made certain exemptions to allow NLC India Ltd to invest Rs 7,000 crore in its subsidiary NLC India Renewables Limited (NIRL). The enhancement of NTPC's investment limit in its subsidiary NTPC Green Energy comes months after the latter launched its initial public offering (IPO) in November 2024, with an issue size of Rs 10,000 crore. Currently, NTPC Green Energy has a portfolio of roughly 32 gigawatts (GW) of renewable energy assets, of which 6 GW is operational, 17 GW has been awarded, and another 9 GW is in the pipeline. 'The enhanced delegation given to NTPC and NGEL (NTPC Green Energy) will facilitate accelerated development of renewable projects in the country,' a Press Information Bureau (PIB) release on the decision said. NTPC, India's largest player in the thermal sector under the Ministry of Power, aims to add 60 GW of renewables by 2032. NLC India, a central public sector undertaking under the Ministry of Coal, is primarily engaged in mining lignite used as feedstock in thermal plants. Lately, it has ventured into renewables too, with an installed capacity of 2 GW. The CCEA's decision will allow it to infuse Rs 7,000 crore as capital in its renewables subsidiary NIRL as part of its bid to expand its installed portfolio to 10.11 GW by 2030 and 32 GW by 2047. 'This investment is further exempted from the 30% net worth ceiling stipulated by the Department of Public Enterprises (DPE) for overall investment by CPSEs in JVs and Subsidiaries providing NLCIL and NIRL greater operational and financial flexibility,' another PIB release said. India aims to reach 500 GW of non-fossil energy capacity, including nuclear, large hydro, and renewables, by 2030. As of June 30, the share of non-fossil fuel sources in its total installed capacity of 485 GW has overtaken thermal and stands at 50.1 per cent. Aggam Walia is a Correspondent at The Indian Express, reporting on power, renewables, and mining. His work unpacks intricate ties between corporations, government, and policy, often relying on documents sourced via the RTI Act. Off the beat, he enjoys running through Delhi's parks and forests, walking to places, and cooking pasta. ... Read More
