The expansion of capacity and the growth of the renewable energy portfolio allowed NLC India Limited (NLCIL) to achieve its highest-ever production, revenue, and profitability since inception in FY 2025-26. With an output of 19.14 MT and a shipment of 17.69 MT from the Talabira II & III open cast projects, the company achieved its highest yearly coal production. Reflecting NLCIL’s growing commitment to sustainable energy, renewable energy generation also hit 2.26 billion units (BU).
This year, NLCIL increased its capacity by 1,013 MW, with 660 MW coming from thermal power (GTPP Unit 2) and 303 MW coming from renewable sources, including rooftop installations in various places and a 300 MW solar project in Rajasthan.
Further bolstering the company’s fuel security pipeline, the Pachwara South coal mine (with a capacity of 9 MTPA) began production in March 2026. With an expenditure of more than ₹9,131 crore, the company achieved its highest-ever capital expenditure. New mining projects, such as the Patrapara South and Machhakata coal blocks, were also approved by important regulatory bodies as a result.
Regarding the renewable sector, the Solar Energy Corporation of India presented a Letter of Award to NLC India Renewables Limited (NIRL) for the development of a 600 MW solar capacity system that includes a 300 MW/1800 MWh energy storage unit.
To facilitate asset monetisation, NLCIL handed over 1.4 GW of operational renewable assets to NIRL, and the government gave the green light for NIRL to list through a public offering, which included dilution of some stakes.
Together with the National Capital Region Transport Corporation, the company has also received approval to establish a joint venture in Uttar Pradesh with the aim of developing 100 MW of renewable energy projects. Furthermore, it secured phosphorite and limestone block exploration licenses in Chhattisgarh.
German financial institution KfW loaned NLCIL €100 million to cover its funding needs. Income from business activities increased by 5.62 percent year over year to ₹10,864 crore when considered independently. The increase in profit after tax (PAT) to ₹2,525 crore was 32.9 percent, and the growth in EBITDA to ₹5,006 crore was 4.5 percent.
The increase of 10.33% from the previous year brought the net worth up to ₹19,270 crore. Assuming shareholder approval, the company has declared an interim dividend of ₹3.60 per share and suggested a final dividend of ₹0.25 per share.
Image: PSU Connect
