NLC India Limited (NLCIL) has announced the results of its board meeting held on October 29, 2025, approving the unaudited financial results for Q2 2026. The board also approved an investment of up to ₹666 Crore in NLC India Renewables Limited (NIRL) to fund Green Energy Projects. Sushanta Kumar Panda has been appointed as Company Secretary and Compliance Officer. Prashant Vinay Kaushik’s cessation as Company Secretary was also noted.
Financial Results for Q2 2026
NLC India Limited’s Board of Directors convened on October 29, 2025, to review and approve the unaudited financial results for the quarter and half-year ended September 30, 2025 (Q2 2026). Key highlights from the standalone financial results include:
- Total Income: ₹5,584.26 Crore
- Profit Before Tax: ₹1,210.55 Crore
- Net Profit: ₹853.66 Crore
The consolidated results reflect similar trends. Detailed financial statements are enclosed as Annexure-I in the original announcement.
Investment in NLC India Renewables Limited (NIRL)
The board has granted in-principle approval to invest up to ₹666 Crore in NLC India Renewables Limited (NIRL), a Wholly Owned Subsidiary, through subscription to equity shares at face value. This investment aims to fund various Green Energy Projects to be executed through Joint Venture Companies. This move underscores NLC India’s commitment to expanding its renewable energy portfolio.
Management Changes
Key management changes were also announced:
- Cessation: Shri Prashant Vinay Kaushik ceased to be Company Secretary and Compliance Officer, effective close of business hours on October 29, 2025.
- Appointment: Shri Sushanta Kumar Panda (ICSI Membership No. F11740) has been appointed as the new Company Secretary and Compliance Officer, effective October 30, 2025.
Borrowing Approval
The board has approved the borrowing of a Rupee Term Loan of ₹1,200 Crore from Punjab National Bank for refinancing the Existing Rupee Term Loan for 1000 MW Neyveli New Thermal Power Station (NNTPS).
Source: BSE
