Nlc India

NLC India up 4% on emerging successful bidder for Patrapara Mine in Odisha

The coal mine block is having a total geological reserve of around 720.87 million tonnes with a peak-rated capacity of 12 million tonnes per annum

Sarda Energy and Minerals, SM Steels bag coal mines on day 2 of auction

These two coal blocks upon operationalisation will generate annual revenue of Rs 339.06 crore calculated at peak rated capacity (PRC) of these mines

ACC, NLC, JSW Energy & others bag five coal mines in 10th round of auction

NLC India Ltd, ACC Ltd, and JSW Energy Utkal Ltd are among the five companies that have bagged five mines on the first day of the tenth round of commercial coal mine auction, according to an official statement issued on Thursday. While ACC Ltd bagged a coal mine in Madhya Pradesh, NLC India Ltd and JSW Energy Utkal Ltd won one block each in Odisha. Two other companies that won coal blocks are Mineware Advisors Pvt Ltd and Shreeji Nuravi Coal Mining and Trading Pvt Ltd. A total of nine blocks been put on sale in the tenth round of auction. "On the first day, five coal mines were put up for auction," the statement issued by the coal ministry said. One of the five coal mines is fully explored while four are partially explored. The total geological reserves for these five coal mines are 2,630.77 million tonnes. Cumulative Peak Rated Capacity for these blocks is 12 MTPA. The government launched the auction of coal mines for commercial mining under the tenth round on June 21. "After

NLC India gains 4% on plans to invest up to Rs 3,720 cr in renewable arm

NLC India said that its board has given a nod to invest up to Rs 3,720 crore, in one or more tranches for the various renewable projects

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 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

NLC India to raise funds via IPO of arm for clean energy expansion: CMD

Lignite-to-power producer NLC India Ltd (NLCIL) is planning to raise funds through an initial public offering (IPO) of its wholly owned subsidiary NLC India Renewables Ltd by the first quarter of the next financial year, company's Chairman and Managing Director (CMD) Prasanna Kumar Motupalli said. In an interview to PTI here, the CMD said the PSU is planning to ramp up its renewable energy capacity from the current 1.4 GW to 6 GW by 2030. The funds raised via the IPO will be used in its clean energy expansion plans, he said. The company also plans to arrange soft loans from foreign companies and banks for this purpose, the CMD explained. "As on date... the existing assets of NLCIL are to be transferred to that company (NLC India Renewables Ltd). For transfer of that assets, some exemption is required from the Government of India. So that process is on. "So, we are expecting to get that clearance from the government by around October. In the first quarter of the next financial year

NLC India bags Odisha coal mine with 1.38 billion tonnes capacity

State-owned NLC India Ltd on Monday said that it has bagged a coal mine in Odisha. The coal produced from the mine will address the energy security of the country. The coal mine has total reserves of around 1.38 billion tonnes with an operatable peak-rated capacity of 30 million tonnes per annum (MTPA). "NLC India Ltd has emerged as the successful bidder for the Machhakata (revised) coal mine in Angul district of Odisha in the eighth round of commercial coal block e-auction," the company said in a statement. This is the second coal mine won by the public sector enterprise after North Dhadu coal block (Western Part). The company said that it is committed to its capacity addition in line with its vision of achieving more than 100 MTPA by 2030 from the present 50 MTPA. NLC India's core business is mining and power generation. Meanwhile, the coal ministry on Monday executed the Coal Mining Development and Production Agreements for three coal mines that were auctioned. The mines for

Stocks to watch on July 8: NLC India, IndusInd Bank, BoB, JM Fin, Marico

Stocks to watch on July 8: Induslnd Bank's Q1FY25 estimates highlighted significant YoY growth. Net advances increased by 16 per cent Y-o-Y to Rs 3.48 trillion, while deposits grew by 15 per cent

Bondada Engineering locks in 5% upper circuit after LoA from NLC India

Bondada Engineering stock price surged up to 5 per cent, locking at its upper circuit at Rs 2320.80 per share on the BSE in Thursday's morning deals

NLC India shares slip 5% on plans to raise $600 mn foreign currency loan

NLC India's board of directors are set to meet on June 10, 2024 to consider and approve foreign currency loan through external commercial borrowings (ECB) up to $600 Million

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

M&M promoter group entity sells 0.7% stake, Tata Chemicals gains 11%, more

Shares of Mukka Proteins, an aqua feed producer, surged more than 50 per cent during their trading debut on Thursday

Coal India, BHEL may sizzle on this announcement by govt; details here

Stocks to Watch on March 7: The Ministry of Coal has issued three draft request for proposals (RFPs) for consultation on coal gasification scheme

Why is NLC India among top stocks to be watched today? Read here

Stocks to Watch on March 7: The government will sell up to 7 per cent stake in NLC India through an offer for sale (OFS) to raise up to Rs 2,100 crore

Stocks to watch: Infosys, LIC, NLC India, Mukka Proteins, Zomato

Stocks to track on March 07, 2024: Mukka Proteins is set to make its stock market debut on Thursday at an issue price of Rs 28 per share

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

NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr

That apart, NLC India has also participated in the bidding for 20 blocks in the initial phase of the auction for critical mineral blocks in India.