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NLC India
State-owned NLC India Ltd on Wednesday said that it has raised Rs 500 crore through the issuance of commercial papers. Commercial papers are short-term, unsecured debt obligations issued by institutions and corporations as an alternative to costlier methods of funding. The issuance comes as NLC India plans to invest Rs 1.25 lakh crore by 2030 to expand its capacity. In a filing to BSE, the company said that 10,000 commercial papers of a "face value of Rs 500,000 each, aggregating to Rs 500 crore have been issued and allotted" on September 22. NLC India Limited (NLCIL), a Navratna public-sector enterprise under the coal ministry, has an installed power-generation capacity of 8,405 MW and mining capacity of 59.1 million tonnes per annum (MTPA). To support India's growing electricity needs sustainably, the company is expanding its mining operations through responsible practices while modernising its power-generation portfolio. NLCIL plans to raise its total mining capacity to 104.35
Inox Wind Ltd (IWL) on Wednesday said it has secured a 200 MW order worth nearly Rs 1,600 crore from NLC India Ltd. The project is scheduled to be commissioned within 24 months from the date of the Letter of Award (LoA), a company statement said. The order, with an approximate contract value of Rs 1,600 crore, will be executed on a turnkey basis, it added. Under the contract, Inox Wind will be responsible for the end-to-end execution of the project, including the supply of wind turbine generators, Engineering, Procurement & Construction (EPC), and post-commissioning operations and maintenance services. With this, the company's order book stands at 4.7 GW, comprising a well-diversified mix of Commercial & Industrial (C&I) customers, Public Sector Undertakings (PSUs), and Independent Power Producers (IPPs). This balanced customer portfolio provides strong revenue visibility while underscoring Inox Wind's leadership in serving the evolving requirements of India's renewable ...
NLC India Ltd (NLCIL) is in an advanced stage of procurement of electrolysers for its 4 MW green hydrogen pilot project in Neyveli, Tamil Nadu, its Chairman and Managing Director (CMD) Prasanna Kumar Motupalli said. The pilot project aligns with the National Green Hydrogen Mission, which aims to position India as a global hub for green hydrogen production and technology. "NLCIL is advancing a 4 MW Green Hydrogen pilot project at Neyveli, using solar power as the input... It is in an advanced stage of procurement of electrolysers," he said in a latest report on Friday. The plant will have the capacity to produce 300 kg of hydrogen per day of 99.999 per cent purity and will operate during the day. He further said that on commissioning, this will position NLCIL among the early movers in the country's green hydrogen economy, paving the way for large-scale adoption in future. NLC India Ltd, a Navratna PSU, is committed to address the nation's energy needs through sustainable and ...
State-owned NLC India Ltd is exploring possibilities to source rare earth element from overseas and the company has also begun preliminary talks for lithium blocks in Mali, West Africa and for copper and cobalt mines in the Republic of the Congo, its CMD Prasanna Kumar Motupalli said. The remarks came amid China's recent curbs on exports of rare earth elements, impacting the global supply chain of the critical mineral which has diverse usage ranging from the manufacturing of home appliances to electric vehicles. In an interview to PTI, Motupalli said that both mines and coal ministries have very clearly communicated to the Navratna firm to "aggressively" explore and mine both critical mineral blocks and rare earth elements. "We are in touch with the Ministry of Mines and Ministry of Coal, and based on the advice from them we have started taking initial steps of some of the mines abroad. So as on date we are studying some lithium mines in Mali and copper and cobalt mines in the ...
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 Rs 4,000 crore through IPO route...So 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. N
State-run NLC India is at an advanced stage of discussions with a Russian government-owned company for sourcing lithium from its mine in Africa. The development assumes significance as India is taking measures to ensure a stable supply of lithium to meet the country's clean energy demand. Sources privy to the development said that NLC India is in talks with a public sector company of Russia for equity participation in a lithium block in Mali, Africa. India is focusing on exploring and developing lithium blocks both in the domestic market and overseas, as the demand for this critical mineral is growing, particularly from electric vehicle battery manufacturers. NLC India's core business includes the mining of coal and lignite as well as power generation. The PSU has diversified into the renewable energy and coal mining business in India and abroad. The company had bagged two critical and strategic mineral blocks in the fifth round of auction. It won two phosphorite and limestone blo