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The hybrid power supply is expected to commence within 24 months from the effective date of the PPA, the company said.
NLC clarified that the order does not fall under related-party transactions and that neither its promoter group nor NTPC holds any cross-shareholding interests.
NLC India is a 'Navratna' government of India company engaged in lignite mining and power generation. As of 31 March 2025, the Government of India held a 72.20% stake in the company.
The public sector undertaking's consolidated net profit zoomed 321.83% to Rs 481.96 crore on an 8.34% increase in revenue from operations to Rs 3,836 crore in Q4 FY25 over Q4 FY24.
This is NLCIL Group’s first large-scale BESS initiative and marks a key milestone in its clean energy transition.
According to the company statement, the projects will be carried out using the Build-Own-Operate (BOO) model. They were obtained through tariff-based competitive bidding under the State Component of the Viability Gap Funding (VGF) scheme.
NLC India Ltd is down for a fifth straight session today. The stock is quoting at Rs 226.5, down 1.04% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.24% on the day, quoting at 24793.8. The Sensex is at 81377.76, down 0.25%.NLC India Ltd has lost around 4.2% in last one month.Meanwhile, Nifty Energy index of which NLC India Ltd is a constituent, has eased around 0.29% in last one month and is currently quoting at 35836, down 0.69% on the day. The volume in the stock stood at 3.24 lakh shares today, compared to the daily average of 21.01 lakh shares in last one month.
The PE of the stock is 16.71 based on TTM earnings ending March 25.
Under this Agreement, MAHAPREIT, will facilitate in identification & allotment of land for the projects in additions to support development of power evacuation system to the Grid. NIRL on the other hand will help in preparing the detailed project reports, arranging finance and development of RE projects.
Statement from Hon'ble Secretary (Coal), Government of India: “The signing of this Joint Venture Agreement between NIRL and MAHAPREIT is a demonstration of the government’s commitment to fostering collaborative partnerships that accelerate the country’s transition to green energy. Maharashtra’s renewable potential is immense, and with the proven expertise of NIRL in project execution and the regional strength of MAHAPREIT, this joint venture will serve as a catalyst for sustainable growth and energy security. The coal sector is actively supporting the decarbonization journey and such partnerships embody the synergy needed to achieve our national targets for renewable energy deployment and climate resilience.”
The public sector undertaking's consolidated net profit zoomed 321.83% to Rs 481.96 crore on 8.34% increase in revenue from operations to Rs 3,836 crore in Q4 FY25 over Q4 FY24.