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As per the company’s exchange filing, NLC would form a joint venture company (JVC) with National Aluminium Company (NALCO) for the development of 4×270 MW (1,080 MW) coal based thermal captive power plant at Angul, Odisha. The power plant would meet the captive power requirement of NALCO's 0.5 MTPA Aluminium Smelter Expansion Project.
The JVC is proposed to be newly incorporated. Upon incorporation, NLCIL and NALCO shall each hold equity shares in the JVC in the ratio of 50:50.
The JVC would execute Fuel Supply Agreement (FSA) with NLCIL from its Machhakata coal mine or any other mines for 25 years. The entity would also execute a 25 years Power Purchase Agreement (PPA) with NALCO for 100% offtake of power under Section 62 of the Electricity Act, 2003.
NLC India is a Navratna public sector enterprise engaged in lignite mining and power generation. The Government of India held 72.20% in the company as of March 2026.
On a consolidated basis, NLC India's net profit surged 189.12% to Rs 1393.46 crore while net sales rose 31.45% to Rs 5042.46 crore in Q4 March 2026 over Q4 March 2025.
NLC India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 311.9, down 0.51% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 24440.4. The Sensex is at 78345.63, up 0.75%.NLC India Ltd has lost around 7.1% in last one month.Meanwhile, Nifty Energy index of which NLC India Ltd is a constituent, has eased around 0.35% in last one month and is currently quoting at 39178.6, up 0.94% on the day. The volume in the stock stood at 8.59 lakh shares today, compared to the daily average of 79.95 lakh shares in last one month.
The PE of the stock is 17.23 based on TTM earnings ending March 26.
Under the JV agreement, the joint venture will establish, operate and maintain green energy projects with an aggregate capacity of 1,000 MW in the first phase. The partnership will also explore the development of ancillary assets and other activities related to the green energy sector.
Commenting on the development, Prasanna Kumar Motupalli, chairman and managing director, NLCIL, stated that the partnership with OREDA marks a significant milestone in NLCIL's strategic diversification into clean and sustainable energy sectors and emphasised on Development of Renewable Energy projects using various technologies for Solar, Wind, Hybrid, Battery Energy Storage System I Pumped Hydro Storage, Green Hydrogen and any new potential RE Technology emerging in future.
NLC India is a Navratna public sector enterprise engaged in lignite mining and power generation. The Government of India held 72.20% in the company as of March 2026. On a consolidated basis, NLC India's net profit surged 189.12% to Rs 1393.46 crore while net sales rose 31.45% to Rs 5042.46 crore in Q4 March 2026 over Q4 March 2025.
The counter fell 0.46% to settle at Rs 325.50 on Wednesday, 24 June 2026.
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The projects will be set up across Tamil Nadu and are expected to cater to the energy requirements of commercial and industrial consumers, as well as support applications related to the production of green synthetic fuels and chemicals.
Speaking on the occasion, Shri Prasanna Kumar Motupalli, Chairman & Managing Director, NLC India Limited, stated that the partnership with IOCL marks a significant milestone in NLCIL’s strategic diversification into clean and sustainable energy sectors and emphasized the development of renewable energy projects using various technologies for solar, wind, hybrid, battery energy storage systems/pumped hydro storage, green hydrogen, and any new potential RE technology emerging in the future.
Shares of NLC India shed 0.26% to Rs 326.15 on the BSE.
The MoU was signed on 22 June 2026 for the development of large scale Renewable Energy (RE) projects including Solar, Wind, Hybrid Power with or without Energy Storage such as Battery Storage and Pumped Storage Projects or any combination of the same for supply of renewable power to third party, Commercial and Industrial (C&I) consumers, Discoms, energy exchange, for e-mobility, power to applications such as usage/ production of green synthetic fuels/chemicals, complete value chain for solar module manufacturing etc. and any other opportunity in the renewable energy sector in the State of Tamil Nadu, as mutually agreed and based on techno-commercial feasibility.
While strengthening its conventional power portfolio, NLCIL has also been actively expanding into large-scale renewable and green energy initiatives including solar,wind, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, low-carbon round-the-clock power and waste-to-energy projects.
GVK Power & Infrastructure Ltd lost 1.77% today to trade at Rs 2.77. The BSE Utilities index is down 0% to quote at 6023.25. The index is up 0.14 % over last one month. Among the other constituents of the index, NLC India Ltd decreased 0.99% and Power Grid Corporation of India Ltd lost 0.51% on the day. The BSE Utilities index went up 14.91 % over last one year compared to the 6.37% fall in benchmark SENSEX.
GVK Power & Infrastructure Ltd has lost 12.06% over last one month compared to 0.14% gain in BSE Utilities index and 2.31% rise in the SENSEX. On the BSE, 129 shares were traded in the counter so far compared with average daily volumes of 1.91 lakh shares in the past one month. The stock hit a record high of Rs 4.26 on 27 Jun 2025. The stock hit a 52-week low of Rs 2.35 on 01 Apr 2026.
NLC India (NLCIL) signed a Memorandum of Understanding (MoU) with CSIR-Central Electrochemical Research Institute (CSIR-CECRI), Karaikudi on 10 June 2026 at Neyveli to foster collaboration in the field of critical and strategic minerals beneficiation and extraction technologies.
NLCIL has been actively pursuing opportunities in the exploration and development of critical and strategic minerals from both primary and secondary sources. The Chairman and Managing Director of NLCIL is a member of the committee constituted by NITI Aayog to examine the potential recovery of critical and strategic minerals from secondary resources such as overburden, lignite/coal, mine waste, and tailings. As part of this initiative, NLCIL has undertaken extensive studies on the occurrence and recovery potential of Rare Earth Elements (REEs) and other trace elements from secondary source materials.
Under this MoU, detailed studies will be undertaken on overburden materials and tailings generated from NLCI L's Neyveli Mines to assess the potential for extraction and recovery of Rare Earth Elements (REEs) and other trace elements. The collaboration will also explore similar opportunities across other mining and exploration projects of NLCIL, with the objective of developing sustainable and economically viable technologies for resource recovery from secondary sources.
The President of India, acting through the Ministry of Coal, is offering up to 2.77 crore equity shares, representing 2% of NLC India's paid-up equity capital, as the base offer.
The government decided to exercise an oversubscription option to sell an additional 1.38 crore shares of the company, equivalent to another 1% stake.
With the oversubscription option, the total offer size will rise to 4.15 crore shares, representing 3% of the company's equity capital.
At the floor price of Rs 303 per share, the base offer is valued at about Rs 840 crore. Including the oversubscription option, the total issue size approximately equals to Rs 1,257.45 crore.
The floor price was set at Rs 303 per share, a discount of 9.73% to the BSE closing price of Rs 335.65 recorded on Monday (08 June 2026).
The government has reserved 41.59 lakh shares for retail investors. The non-retail category has been allocated 3.74 crore shares.
The OFS opened for non-retail investors on 9 June 2026 and for retail investors and eligible employees on 10 June 2026. Non-retail investors were also allowed to carry forward their unallotted bids to the second day and revise them in accordance with SEBI guidelines.
According to BSE data, the offer received bids for 3.56 lakh shares as of 15.30 IST on the second day, translating into 8.56% subscription of the total retail portion of 41.59 lakh shares. The indicative clearing price stood at Rs 326 per share.
NLC India has also earmarked up to 25,000 shares for eligible employees. Employees can place bids worth up to Rs 5 lakh, although allocations will initially be considered up to Rs 2 lakh per employee.
NLC India is a Navratna public sector enterprise engaged in lignite mining and power generation. The Government of India held 72.20% in the company as on March 2026.
NLC India Ltd fell for a fifth straight session today. The stock is quoting at Rs 328, down 2.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 23203.85. The Sensex is at 73757.04, up 0.32%.NLC India Ltd has eased around 0.52% in last one month.Meanwhile, Nifty Energy index of which NLC India Ltd is a constituent, has eased around 1% in last one month and is currently quoting at 39685.45, down 0.11% on the day. The volume in the stock stood at 169.12 lakh shares today, compared to the daily average of 93.36 lakh shares in last one month.
The PE of the stock is 18.43 based on TTM earnings ending March 26.