NLC India said that it has received letter of intent (LoI) from the Government of Chhattisgarh for Semhardih phosphorite & limestone block and Raipura phosphorite & limestone block of Balod, Chhattisgarh.
In May this year, the company was declared as preferred bidder for the aforementioned mines post an e-auction. The auction was held by the Ministry of Mines, Government of India.
NLC India is a public sector undertaking that is involved in lignite mining, coal mining, power generation and power trading. Government of India held 72.20% stake in the company as on 30 June 2025.
The company reported 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.
The scrip lost 0.21% to currently trade at Rs 261.55 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app