Latest news with #NLCIndiaRenewables
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.
Business Standard
08-07-2025
- Business
- Business Standard
NLC India's board OKs to invest Rs 1,630-cr in subsidiary
NLC India said that its board granted in-principle approval to invest upto Rs 1,630.89 crore in one or more tranches in its wholly owned subsidiary, NLC India Renewables (NIRL), through the subscription of equity shares to fund green energy projects. Further, the companys board also approved the borrowing of term loan in Japanese Yen equivalent to $100 million, through external commercial borrowing (ECB), from Sumitomo Mitsui Banking Corporation (SMBC) for CAPEX funding of renewable projects to be executed through the companys subsidiaries or group companies. NLC India is a 'Navratna' government of India company engaged in lignite mining and power generation. As of 31 March 2025, the Government of India held a 72.20% stake in the company. The public sector undertaking's consolidated net profit zoomed 321.83% to Rs 481.96 crore on an 8.34% increase in revenue from operations to Rs 3,836 crore in Q4 FY25 over Q4 FY24. The counter rose 0.20% to Rs 224.95 on the BSE.
Business Standard
23-06-2025
- Business
- Business Standard
NLC India gains after renewables arm secures BESS project in Tamil Nadu
NLC India rose 1.03% to Rs 225.10 after its wholly owned subsidiary, NLC India Renewables, received a letter of award (LoA) from Tamil Nadu Green Energy Corporation (TNGECL) for developing standalone battery energy storage system (BESS) projects. The award includes the development of three BESS projects with a total capacity of 250 MW and 500 MWh. These projects will be installed at the 400/230/110 kV substations in Ottapidaram, Annpankulam, and Kayathar in Tamil Nadu. This is NLCIL Groups first large-scale BESS initiative and marks a key milestone in its clean energy transition. According to the company statement, the projects will be carried out using the Build-Own-Operate (BOO) model. They were obtained through tariff-based competitive bidding under the State Component of the Viability Gap Funding (VGF) scheme. NLC India is a 'Navratna' government of India company engaged in lignite mining and power generation. As of 31 March 2025, the Government of India held a 72.20% stake in the company. The public sector undertaking's consolidated net profit zoomed 321.83% to Rs 481.96 crore on an 8.34% increase in revenue from operations to Rs 3,836 crore in Q4 FY25 over Q4 FY24.
Business Standard
06-05-2025
- Business
- Business Standard
NLC India Renewables signs PPA for its upcoming 810 MW solar power project
NLC India Renewables (NIRL), a 100% subsidiary and renewable energy arm of NLC India (NLCIL), a Navratna Central Public Sector Undertaking, today signed the Power Purchase Agreement (PPA) for its upcoming 810 MW Solar Power Project with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL). This flagship project at Pugal Solar Park, Bikaner District marks a significant milestone in NLCIL's journey towards becoming a major player in the renewable energy space. The project is being developed in the barren lands of Bikaner District and the proposed site is bestowed with abundant Solar radiation. The project was awarded through a competitive tariff-based bidding process by RVUNL, the project is being implemented under the MNRE's Ultra Mega Renewable Energy Power Park (UMREPP) Scheme - Mode 8. NLCIL was the first CPSU in the country to establish 1 GW of Renewable energy projects in the country and is continuing its pursuits in the field of Renewable energy and the 810 MW Puga I solar project is a testament to these efforts. The project is expected to generate approximately 2 Billion Units (BU) of green electricity annually and offset approximately 1.5 million metric tons of CO2 emissions per year, as per the terms of PPA, playing a vital role in India's transition to a low-carbon economy. The project will be established within the infrastructure of the 2000 MW Pugal Solar Park being developed by RVUNL.
