NLC India Limited has reported its highest-ever financial and operational performance for the financial year 2025-26, driven by record coal production, renewable energy generation, strong financial growth, and significant capacity additions across thermal and renewable segments.
According to the company’s official press release dated May 13, 2026, NLCIL achieved all-time high production and generation figures since inception during the fiscal year. The company recorded annual coal production of 19.14 million tonnes (MT) from the Talabira II & III Open Cast Project (OCP), while coal dispatch from the same mines stood at 17.69 MT. Renewable energy generation reached 2.26 billion units (BU) during the year.
The company also added a total power generation capacity of 1,013 MW during FY2025-26. This included 660 MW from Unit-2 of the Ghatampur Thermal Power Project and 303 MW from renewable energy projects, comprising a 300 MW solar project in Rajasthan and 3 MW rooftop solar installations at Tuticorin, Ghatampur, and Neyveli.
NLCIL further registered its highest-ever annual capital expenditure, exceeding Rs. 9,131 crore during the financial year. The Pachwara South Coal Mine, with a production capacity of 9 MTPA, commenced coal production in March 2026. The Ministry of Coal also granted in-principle approval for the Mining Plan and Mine Closure Plan of the New Patrapara South Coal Mine, while the Coal Controller Organisation approved the revised Mining Plan and Mine Closure Plan for the Machhakata OCP.
In the renewable energy segment, NLC India Renewables Limited (NIRL) received a Letter of Award from the Solar Energy Corporation of India (SECI) for developing 600 MW solar capacity integrated with a 300 MW/1800 MWh Energy Storage System under tariff-based competitive bidding. As part of its asset monetisation strategy, NLCIL transferred seven operational renewable energy assets totaling 1.4 GW to NIRL.
The Government of India approved the alternative mechanism for listing NIRL through a fresh issue of equity shares and disinvestment of up to 25% of NLCIL’s stake in NIRL via public offering in the domestic market. Approval was also granted for the formation of a joint venture between NIRL and the National Capital Region Transport Corporation (NCRTC) to establish 100 MW renewable energy projects in Uttar Pradesh.
Additionally, the company secured composite licences from the Government of Chhattisgarh for the Semhardih and Raipura Phosphorite & Limestone Blocks to undertake detailed geological exploration. NLCIL also tied up external commercial borrowings worth Euro 100 million with Germany’s KfW for project funding.
The company’s shares touched an all-time high market price of Rs. 336.50 per share on the National Stock Exchange on May 11, 2026, taking the market capitalisation beyond Rs. 46,660 crore.
On a standalone basis, NLCIL reported coal production of 19.14 MT during FY2025-26 compared to 17.20 MT in the previous year, registering a growth of 11.28%. Revenue from operations increased to Rs. 10,864 crore from Rs. 10,286 crore, reflecting a growth of 5.62%. Profit After Tax (PAT) rose sharply by 32.90% to Rs. 2,525 crore compared to Rs. 1,990 crore in the previous year. EBITDA stood at Rs. 5,006 crore against Rs. 4,788 crore, while net worth increased by 10.33% to Rs. 19,270 crore.
The company declared and paid an interim dividend of 36%, equivalent to Rs. 3.60 per paid-up equity share. It also recommended a final dividend of 2.50%, or Rs. 0.25 per paid-up equity share for FY2025-26, subject to shareholders’ approval.
At the group level, NLCIL achieved gross power generation of 28.95 BU during FY2025-26, including renewable energy generation of 2.26 BU. Group revenue from operations reached an all-time high of Rs. 17,490 crore, registering a growth of 14.44% over the previous year. Profit After Tax increased by 38.91% to Rs. 3,769 crore, while EBITDA rose 14.78% to Rs. 7,475 crore. The group’s net worth stood at Rs. 21,525 crore, marking a growth of 14.96% year-on-year. The company also achieved 100% collection efficiency from power debtors during FY2025.
