NLC India Limited has posted a net profit of Rs 9.82 billion for the quarter ending September 2024, marking a 9.58% decrease from the Rs 10.86 billion reported in the same period last year. However, the company’s total income rose by approximately 35%, reaching Rs 43.70 billion for the quarter, compared to Rs 32.34 billion in the corresponding period of the previous year.
NLC India Limited (NLCIL) has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to establish a 3×125 MW lignite-based thermal power plant in Rajasthan, along with developing lignite mines to fuel the station. The initial paid-up capital for this project is set at Rs 500,000, with NLCIL holding a 74% stake and RRVUNL holding 26%. In addition, NLC India Renewables Limited, a subsidiary of NLCIL, has also signed a…
Lignite-to-power producer NLC India Ltd (NLCIL) plans to invest approximately Rs 500 billion to increase its renewable energy capacity from 1.43 GW to 10.11 GW. NLC India Green Energy Limited (NIGEL), a wholly-owned subsidiary of NLCIL, has been established to focus on renewable energy generation. The company aims to achieve a 50% renewable energy (RE) share in its total planned capacity. Currently, 2 GW of renewable energy projects are under implementation, with plans to further…
NLC India’s (NLCIL) Board of Directors has approved two significant joint ventures to expand its footprint in both thermal and renewable energy sectors. The first joint venture will be with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to establish a lignite-based thermal power station in Rajasthan. This venture will also include the development of associated lignite mines to ensure a steady fuel supply for the power plant. In addition, NLCIL has received preliminary approval to create…
NLC India Limited (NLCIL) has commissioned a 10 MW solar photovoltaic (PV) power plant in Neyveli. The company aims to achieve 10 GW of renewable energy capacity by 2030 and currently holds a total renewable energy capacity of 1,380 MW from solar and 51 MW from wind power. To support this goal, NLCIL has established two subsidiaries: NLC India Renewables Limited for asset monetization and NLC India Green Energy Limited for clean energy initiatives. With…
State-owned NLC India Ltd (NLCIL) has generated 12.34 billion units of green power, preventing the emission of 10 million tonnes of carbon dioxide, according to a statement by the coal ministry. Traditionally a lignite-based power producer, NLCIL is now aiming to achieve 10,000 MW of renewable energy capacity by 2030. NLCIL has already established 1,380 MW of solar power plants and 51 MW of wind power plants. To reach its ambitious renewable energy target, NLCIL…
NLC India (NLCIL) has signed a power usage agreement with Telangana distribution companies to supply 200 MW of solar power at a competitive price under the central public sector undertaking scheme for 25 years. The solar project will be developed under the ‘Make in India’ initiative, utilizing state-of-the-art equipment and technology, including single-axis trackers and domestically manufactured high-efficiency modules. The project is scheduled for commissioning by June 2025. Over its lifetime, NLCIL’s solar project is…
Contract Awards Bajel Projects entered the data centre sector, winning a contract for a GIS substation in Navi Mumbai. Power Mech secured a Rs 2.27 billion O&M contract for Akrimota Thermal Power Station in Gujarat. Marsons Ltd won a Rs 6.75 billion contract for a 150 MW solar project in Rajasthan. L&T Digital Energy Solutions received mandates for Energy Management Systems in South India and expanded its grid modernization projects in the US. SJVN to…
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