Nlc India Ltd

Why did NLC India share price rise 4% in trade today? Key details here

Around 10:40 AM, NLC India share price continued to trade higher at ₹259.90, up about 1.3 per cent. In comparison, BSE Sensex was trading 0.27 per cent higher at 81,769.70 levels.

NLC India in advanced stage of procurement of electrolysers, says CMD

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 ...

NLC India exploring possibilities to source rare earth from overseas: CMD

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 ...

NLC India to invest ₹1.25 trn capex by 2030, bets big on renewable energy

NLC India Ltd, a public sector enterprise, is planning to invest Rs 1.25 lakh crore by 2030 to expand its capacity from the existing 6.7 gigawatt to 20 gigawatt, Prasanna Kumar Motupalli, Chairman and Managing Director (CMD) of the company has said. He said, out of Rs 1.25 lakh crore planned capex, the company will be spending around Rs 65,000 crores on renewables and other green initiatives, while around Rs 45,000 crores will be earmarked for thermal and around 15,000 crores for mining. The official elaborated that out of the Rs 65,000 crore capex on renewables, around Rs 15,000 crore will be on the battery storage system. We are having an aggressive capacity addition plan, adding the renewable capacity as well as the conventional capacity to take the capacity from the existing 6.7 gigawatt to 20 gigawatt. For that, the Capex requirement is around 1.25 lakh crore by 2030, Kumar told PTI Videos. NLCIL is arranging finance for the planned capex of Rs 1.25 lakh crore through internal

Why did NLC India share price rally 9% on May 20? Key details here

NLC India share rose on the back of a strong quarter earnings. The company reported its Q4FY25 results on May 19, post market hours.

NLC India secures contract of 200 MW wind power project from SJVN

State-owned NLC India Ltd (NLCIL) on Saturday said it has bagged a contract from SJVN Ltd to develop and operate a 200 MW wind power project. The project was secured through an e-reverse auction at a tariff of Rs 3.74 per kWh. "The project is set to generate 526 MU of clean green power each year offsetting an equivalent amount of greenhouse gas emissions," a company statement said. The company has a target to achieve 10 GW renewable energy capacity by 2030. "Winning this 200 MW wind project further strengthens our commitment to sustainable and clean energy solutions... Our investments in renewable energy will play a crucial role in strengthening India's green economy and meeting global climate commitments," Prasanna Kumar Motupalli, Chairman & Managing Director, NLC India Ltd said. The company's renewable energy journey started with its 51 MW wind project in 2013. This winning marks a significant expansion of NLCIL's wind energy portfolio, increasing its total wind power capacity

NLCIL produces 12.34 billion units of green power as it treads RE path

State-owned NLCIL has produced 1,234 crore units of green power, thereby preventing the emission of one crore tonne of carbon dioxide, a coal ministry statement said. Primarily a lignite-based power generating company, NLCIL is targeting 10,000 MW renewable energy capacity by 2030. NLC India Ltd (NLCIL) ventured into renewable energy with 1,380 MW of solar power plants and 51 MW of wind power plants. To achieve the target of 10,000 MW, NLCIL has formed new subsidiaries--NLC India Renewables Ltd (NIRL) to focus on asset monetisation and NLC India Green Energy Ltd (NIGEL) to spearhead clean energy initiatives. Furthermore, NLCIL's membership in the International Solar Alliance (ISA) underscores its commitment to environmental sustainability within the coal sector. With a current renewable energy capacity of 1.4 GW, NLCIL is set to quadruple this figure by 2030. Significant projects are underway in Neyveli (Tamil Nadu), Barsingsar (Rajasthan), Gujarat, and Assam. Last month, NLCIL s

NLC India aims to start early mining of Odisha's Machhakata coal block

State-owned NLC India Ltd is aiming to start the mining of Machhakata coal block in Odisha ahead of schedule. Machhakata coal block is the second commercial coal block and the biggest among the NLCIL's mining projects. NLC India Ltd (NLCIL) had emerged as the successful bidder for Machhakata (Revised) coal block in Angul district of Odisha under the commercial coal block e-auction held in July. The Machhakata coal block, having reserves of 1.4 billion tonnes (BT), with average Grade of G10-G11, and capacity of 30 MTPA, is expected to be one among the top five biggest mines in the country, NLCIL said in a statement. "NLCIL aims to commence the mining ahead of schedule. This marks another milestone towards realising NLCIL's Corporate Plan 2030," the statement added. Machhakata Coal Block's vesting order was issued on Thursday. The company had earlier said that it is committed to its capacity addition in line with its vision of achieving more than 100 million tonnes per annum (MTPA)

NLC India up 4% on signing power usage pact to supply 200 MW Green Power

The surge in the NLC India share price came after the company announced that it has inked a power usage agreement for supply of 200 MW green power to Telangana.

NLC India Ltd Q1FY25 results: Net profit rises 37% to Rs 566.69 cr

NLC India Ltd on Wednesday reported a 37 per cent rise in consolidated profit at Rs 566.69 crore for the quarter ended June 30, 2024. The company had posted a net profit of Rs 413.57 crore in the year-ago period, NLC India Ltd said in a filing to BSE. The income of the company in the April-June period rose to Rs 3,640.60 crore, over Rs 3,428.48 crore in the year-ago period, the filing said. The company said that the board has approved raising the investment limit in the equity shares of Nevyeli Uttar Pradesh Power Ltd (NUPPL) from Rs 2,637.38 crore to Rs 3,676.00 crore in one or more tranches. However, this is subject to approvals from the coal ministry and DIPAM among others. NUPPL is a joint venture of NLC India Ltd (NLCIL) and Uttar Pradesh Rajya Vidyut Nigam Ltd (UPRVUNL). The board has also approved to increase the investment limit in the equity shares of NLC India Green Energy Ltd (NIGEL) from Rs 50 crore to Rs 1,500 crore in one or more tranches subject to approvals from t

M&M, Berger Paints, Mankind Pharma among six stocks to monitor on May 16

At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges

NLC India planning to sell renewable assets worth estimated $720 Million

The Chennai-based miner and electricity generator also plans to double its coal and lignite output by 2030

Coal PSUs must plan pithead-based thermal projects, says Coal Secy Meena

The Coal Ministry has asked Coal India Ltd and NLC India Ltd to go for pithead-based thermal projects with an aim to reduce transportation cost and improve availability of dry fuel, a top government official said. The plan is that all new thermal projects of Coal India Ltd (CIL) and NLC India Ltd should come up near the coal mines, Coal Secretary Amrit Lal Meena told PTI. This will reduce the dependence on transportation, which is mostly through rail and road, and make the coal accessible for usage in power generation, he said, while replying to a question on new projects of coal PSUs, the official said. The move will also reduce logistics cost and cost of power generation, he said, listing the benefits of a pithead-based unit. Coal India has signed an agreement with Rajasthan Urja Vikas Nigam Ltd (RUVNL) for a joint venture to set up 4,100 megawatt of power generation capacity in Rajasthan, Meena said. Of this 1,725 MW will be pithead-based capacity, 200 MW pumped storage, 50 win

Sensex, Nifty end flat post range-bound day; Smallcaps shine; banks weigh

Stock market highlights on March 7, 2024: Among top large-cap gainers, Tata Steel, JSW Steel, Bajaj Finserv, Tata Motors, Bajaj Finance, ITC, Asian Paints, Neslte India, and TCS gained over 1%

Govt to sell up to 7% stake in coal miner NLC India this week: Report

Government is selling over 9.7 crore shares at a floor price of Rs 212 apiece. If fully subscribed, including the green shoe option, the share sale would fetch about Rs 2,000 crore to the exchequer

PM Modi lays foundation for NLC India's solar power plant in Rajasthan

Prime Minister Narendra Modi on Friday laid the foundation stone for NLC India Ltd's 300-mw solar power project in Barsingsar, Rajasthan. The prime minister also laid the found stone of other solar projects in the state. Addressing the event through videoconferencing, Modi said that the country has started moving at a fast pace in generating solar power, and in giving an impetus to this mission, today, the foundation stone has been laid for various solar power projects in Rajasthan. The projects, he said, will not only give green and cheap power to the region but also provide great employment opportunities to the youth. The total cost of NLC India's solar project is estimated at Rs 1,756 crore and it is scheduled to be commissioned in September, the public sector enterprise said in a statement. The project is strategically located near the existing Barsingsar Thermal Power Station which offers advantages in power evacuation through the existing network and utilisation of common .

NLC India Q3 results: Profit at Rs 254 cr, income declines to Rs 3,249 cr

NLC India on Tuesday reported a consolidated profit of Rs 254.10 crore for the quarter ended on December 31, 2023. The company had posted a consolidated loss of Rs 396.35 crore in the year-ago period. The consolidated income of the company during October-December period declined to Rs 3,249.391 crore from Rs 3,982.49 crore in the year-ago period, NLC India said in a filing to BSE. In a statement, the PSU said that NLCIL incorporated a new wholly-owned subsidiary NLC India Green Energy Ltd (NIGEL) to undertake green projects. NLC India is a Navratna company under the coal ministry. Its core business is mining and power generation.

Nalco, NLC India among 10 companies submit bids for coal mines for auction

The government on Monday said 10 companies, including Nalco, Gujarat Mineral Development Corporation, and NLC India, submitted bids for coal mines put up for sale under the eighth round of commercial mines auction. "Under the 8th round, a total of 35 coal mines were put up for auction and 7 bids were received against four coal mines. Under the second attempt of the seventh round, four coal mines were put up for auction and 3 bids have been received against 3 coal mines," the coal ministry said in a statement. A total of 10 companies have submitted bids in the auction process, the coal ministry said in a statement. Other companies from which the bids were received are TANGEDCO, OCL Iron, and Steel Ltd, JMS Mining Pvt Ltd, Shyam SEL & Power Ltd, SMN Tradecomm Pvt Ltd, Maa Durga Coal & Minerals Pvt Ltd, and Nilkanth Infra Mining Ltd. "The nominated authority, Ministry of Coal has opened bids for the 8th round and second attempt of the 7th round of commercial coal mines' auction ..

PM lays foundation stone for 1st phase of NLC India Talabira power project

Prime Minister Narendra Modi laid the foundation stone of the first phase of NLC India Talabira Thermal Power Project in Odisha. Odisha Governor Raghubar Das, Odisha Chief Minister Naveen Patnaik and several Union ministers including Dharmendra Pradhan and Ashwini Vaishnaw were present on the occasion, NLC India said in a statement on Saturday. "The government will always ensure to fulfil its promises. This government doesn't just lay the foundation stone of any project; it makes sure to inaugurate it. This thermal power project will ensure Odisha gets round-the-clock electricity supply and also open up employment opportunities for the youth," Modi said. With an estimated investment of over Rs 27,000 crore, this coal-based Ultra Super Critical Pit Head thermal power project signifies a monumental step towards fostering energy security and driving the nation's growth trajectory. The project encompasses a 2,400-MW capacity in its initial phase and plans for an additional 800 MW in th

BHEL gets 2,400 MW greenfield power project from NLC India in Odisha

State-owned BHEL on Wednesday said it has bagged an order to set up a 2,400 MW supercritical thermal power project (STPP) from coal PSU NLC India Ltd. This is the largest power sector order won by the company through competitive bidding, BHEL said in a statement. "BHEL bags an order for setting up a 2,400 MW Supercritical Thermal Power Project. BHEL has won the prestigious order under International Competitive Bidding (ICB) for the greenfield project on an Engineering, Procurement and Construction (EPC) basis at Jharsuguda in Odisha," the company said. The scope of the EPC contract includes engineering, manufacturing, supply, erection, and commissioning of crucial equipment, such as boilers, turbines, generators, and other auxiliary systems, for the 3x800 MW thermal power project. The scope also includes boilers with biomass co-firing capability and highly efficient latest pollution control equipment. The project will be commissioned within 64 months. On commissioning, this plant w