Synopsis: NLC India has partnered with NPCIL to explore nuclear power opportunities, strengthening its clean energy presence while supporting India’s long-term energy security and transition towards sustainable power generation.
The shares of this mid-cap company majorly engaged in the business of mining lignite and generating power by using lignite as well as Renewable Energy Sources were in focus after the company signed an MOU for 700 MW nuclear power projects.
With the market capitalization of Rs. 48,137 Crores, the shares of NLC India Ltd were trading at around Rs. 347 per share which is 10 percent discount from its 52 weeks high of Rs. 388 per share and is trading at a P/E of 13.8 whereas industry P/E stands at 28.8
What is the NEWS:
NLC India Limited has signed a memorandum of understanding with Nuclear Power Corporation of India Limited to form a joint venture for developing nuclear power projects in the country. The partnership will focus on setting up 700 MW Indigenous Pressurised Heavy Water Reactor based projects and may also explore other advanced reactor technologies depending on future requirements and mutual agreement between the companies.
Apart from developing new projects, the proposed joint venture will also look at investment opportunities in NPCIL’s existing and upcoming nuclear power plants. The development comes at a time when India is increasing its focus on nuclear energy as part of its long-term clean energy and energy security plans, with the country targeting 100 GW nuclear power capacity by 2047. The initiative also gained importance after the introduction of the SHANTI Bill in 2025, which aims to modernise the policy and legislative framework of the nuclear sector.
NLC India, traditionally known for mining and thermal power generation, has been steadily expanding into renewable and green energy segments such as solar, wind, battery energy storage systems, pumped hydro storage, green hydrogen and waste-to-energy projects.
Through this partnership, the company is now strengthening its presence in another important clean energy segment. NPCIL, which has expertise in designing, constructing and operating nuclear power plants in India, will provide technical strength to the collaboration. Both companies stated that the partnership is expected to support reliable base-load power generation, improve long-term energy security and contribute towards India’s net zero carbon goals.
About the company and Financials:
NLC India Limited is a Navratna public sector company engaged in mining and power generation, operating under the Ministry of Coal. The company has diversified its presence across conventional and clean energy segments while expanding into future-focused businesses. NLC India has lignite mining capacity of 30.1 MTPA, coal mining capacity of 20 MTPA, thermal power capacity of 5,960 MW and renewable energy capacity of 1,781 MW. The company is also present in BESS, EV charging stations, OB to M-sand, pumped storage systems, critical minerals and green hydrogen projects.
Year on Year analysis: Revenue from operations has increased from Rs. 3836 Crores to Rs. 5042 Crores, up 31.4 percent. Operating profit has increased from Rs. 861 Crores to Rs. 1774 Crores, up 106 percent and net profit has increased from Rs. 468 Crores to Rs. 1481 Crores, up 216 percent.
Quarter on Quarter analysis: Revenue from operations has increased from Rs. 4443 Crores to Rs. 5042 Crores, up 13.4 percent. Operating profit has increased from Rs. 1344 Crores to Rs. 1774 Crores, up 32 percent and net profit has increased from Rs. 724 Crores to Rs. 1481 Crores, up 104 percent
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