NLC India’s board has approved the financial results for Q2 2025-26. They’ve also approved an in-principle investment of up to ₹666 Crore in NLC India Renewables Limited (NIRL), a wholly-owned subsidiary, to fund green energy projects through joint ventures. Sushanta Kumar Panda has been appointed as Company Secretary and Compliance Officer effective October 30, 2025.
Financial Results Approved
NLC India’s Board of Directors convened on October 29, 2025, to consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2025.
Investment in NLC India Renewables Limited (NIRL)
The board has granted in-principle approval to invest up to ₹666 Crore in one or more tranches in NLC India Renewables Limited (NIRL). This investment, through subscription to equity shares at face value, will support NIRL in funding green energy projects executed through joint venture companies.
Key Personnel Change
Shri Prashant Vinay Kaushik ceased to be the Company Secretary and Compliance Officer effective at the close of business hours on October 29, 2025. Shri Sushanta Kumar Panda has been appointed as Company Secretary and Compliance Officer (Key Managerial Personnel) effective October 30, 2025.
Rupee Term Loan
The board also approved borrowing a rupee term loan of ₹1,200 Crore from Punjab National Bank for refinancing the existing rupee term loan for the 1000 MW Neyveli New Thermal Power Station (NNTPS).
Financial Performance Highlights (Standalone)
Here are the highlights from the Unaudited Standalone Financial Results for Q2 2025-26 compared to Q2 2024-25:
- Revenue from Operations: ₹2,495.60 Crore (₹2,139.22 Crore)
- Profit Before Exceptional Items & Tax: ₹528.78 Crore (₹502.56 Crore)
- Profit After Tax: ₹368.17 Crore (₹339.39 Crore)
Segment-wise Revenue
The segment-wise revenue for Q2 2025-26 is as follows:
- Mining: ₹2,092.19 Crore
- Power Generation: ₹1,893.62 Crore
Source: BSE
