NLC India Share Price Live

NLC India Ltd is involved in mining lignite and generating power by using lignite and Renewable Energy Sources. It was incorporated in 1956 as a private limited company. NLC is a Navratna company formerly known as Neyveli Lignite Corporation Limited. In 1978, the company received approval to establish a second thermal power station comprising three 210 MW units.

In 1986, NLC and Engineers India Ltd. entered into a contract with Gujarat Mineral Development Corporation to monitor the expansion of the Panandhro mine, including construction, supervision, cost minimisation, inspection and approval of drawing, etc. In 1993, it inked a contract with M/s. PDIL, Sindri, for installing and commissioning an efficient treatment plant for the fertiliser factory. In 2002, the company signed a MoU with the Rajasthan government to establish a lithium-based thermal power station at Barsinger in the Bikaner district.

The company continued its business growth and signed a Memorandum of Understanding (MoU) for the JV with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) in 2012. In 2016, the company’s name was changed from Neyveli Lignite Corporation Ltd. to NLC India Ltd. It announced the signing of a power purchase agreement between TANGEDCO and NLC for procuring 1500 MW power from a thermal power project at Talabira in 2022.

Business Segments

• Mining: The company operates lignite mines and thermal power stations in Neyveli, Tamil Nadu, and Barsingsar, Rajasthan.
• Power Generation: This segment is engaged in the generation of power and sale to power utilities across the country. It sells power to the state utilities of Tamil Nadu, Rajasthan, Andhra Pradesh, Kerala, Karnataka, and the Union Territory of Puducherry.

Subsidiaries

• NLC Tamil Nadu Power Limited: It is a wholly-owned subsidiary company which operates a 1,000 MW coal-based thermal power plant in Tuticorin in the State of Tamil Nadu
• Neyveli Uttar Pradesh Power Limited (NUPPL): This wholly-owned subsidiary is implementing the 3 x 660 MW Ghatampur Coal-based Thermal Power Project (GTPP) in Uttar Pradesh.

Corporate Actions

The company has no history of bonus issues, stock splits and other corporate actions.

Management Outlook

• Looking ahead, the company is seeking to raise its total thermal power generating capacity to 11,140 MW and the renewable power generating capacity to 6,031 MW by 2030. 
• NLC will commence the operation of its first super-critical coal-based thermal power plant, the Neyveli Uttar Pradesh Power Ltd (NUPPL), in the near future to meet the rising power demand in India driven by economic growth.
• The company is focused on implementing numerous projects to achieve the ambitious corporate plan. These projects include  510 MW Solar projects under the CPSU scheme in three ways, i.e., a 10 MW Solar Project at Neyveli, a 300 MW Solar project at Rajasthan and a 200 MW Solar project on a Pan India basis.