NLC India Ltd

Project win and LOA

• NIRL is a wholly owned subsidiary of NLC India Limited.
• NIRL won WBSEDCL tender for 50 MW/200 MWh standalone BESS at Arambag, Hooghly, West Bengal.
• LOA received from WBSEDCL for development of the project.

Award details

• NIRL emerged as successful bidder for 265 MW/530 MWh standalone BESS in Haryana.
• Final capacity charge set at INR 235,000 per MW per month; LoA issued by SJVN.
• Project is under Viability Gap Funding schemes under Tariff-Based Competitive Bidding.

Financial highlights

• PBT ₹3,875 crore; PAT ₹3,769 crore, up 4.84% and 38.91% YoY
• Revenue from operations ₹17,490 crore; EBITDA ₹7,475 crore, up 14.44% and 14.78% YoY
• Capital expenditure ₹9,131 crore; net worth ₹21,525 crore, up 14.96%
• Total dividend payout for FY2025-26 at 38.5%; interim dividend 36% included
• Coal production 19.14 MT; dispatch 17.69 MT; green energy 2.26 Bn units

Operational milestones

• Commencement of coal production at Pachwara South Coal Mine
• Full commercial operation of three 660 MW units at NUPPL Ghatampur
• Renewables portfolio expanded to 1,785 MW
• Vision 2047 roadmap targets 20 GW power capacity and 100 MTPA mining capacity

Governance and AGM basics

• AGM held 29 Sep 2026 via video conference; governance and ESG commitments highlighted
• Company aims to expand into renewables, energy storage, and critical minerals

AGM Details

• AGM held on 29 September 2026 at 15:00 IST via VC/OAVM.
• Meeting commenced at 15:00 IST and concluded at 16:03 IST.
• Chairman: Dr. Prasanna Kumar Acharya, CMD.

Resolutions

• Resolution 1 (Ordinary): Adopt Standalone and Consolidated financial statements with board and C&AG comments.
• Resolution 2 (Ordinary): Confirm interim dividend and propose final dividend per share.
• Resolution 3 (Ordinary): Re-appoint Dr. Prasanna Kumar Acharya as Director.
• Resolution 4 (Ordinary): Re-appoint Dr. Suresh Chandra Suman as Director.
• Resolution 5 (Special): Appoint Rajesh Pratap Singh Sisodia as Director.
• Resolution 6 (Special): Appoint Anil Meshram as Government Nominee Director.
• Resolution 7 (Special): Appoint Gopal Singh as Government Nominee Director.
• Resolution 8 (Special): Appoint Poonam Chandrakar as Independent Director.
• Resolution 9 (Special): Sell/transfer renewable energy assets to subsidiary NLC India Renewables Limited.
• Resolution 10 (Special): Ratify remuneration of Cost Auditors for FY 2026-27.
• Resolution 11 (Special): Appoint Dr. Prasanna Kumar Acharya as CMD.

Dividend

• Interim dividend of ₹3.60 per share paid.
• Final dividend of ₹0.25 per share proposed.
• Total dividend accrual for FY25-26 ₹533.86 crore (38.5% of paid-up).

Directors & Appointments

• Retirements by rotation: Acharya and Suman, eligible for re-appointment.
• Rajesh Pratap Singh Sisodia appointed Director.
• Anil Meshram and Gopal Singh appointed Government Nominee Directors.
• Poonam Chandrakar appointed Independent Director.
• Dr. Prasanna Kumar Acharya appointed CMD.

Auditors

• Remuneration of Cost Auditors for FY 2026-27 to be ratified.

Material / Other Approvals

• Sale/transfer of renewable energy assets to wholly-owned subsidiary NLC India Renewables Limited.
• CCEA-approved additional investment of ₹7,000 crore in NIRL to accelerate renewables.

Voting Status

• Voting results to be announced; not disclosed in the filing.

JV formation with NALCO

• Board approved 50:50 joint venture with NALCO for a 1080 MW thermal captive plant.
• Proposed JV named NLC NALCO Power Limited; to be incorporated in India.
• Ownership 50% each; funding via cash subscription at Rs 10 per share.
• Capacity of 1080 MW (4 x 270 MW) to be developed in phases.
• Long-term PPA for renewable energy requirements of NALCO to be explored.
• Subject to statutory/administrative approvals and DIPAM guidelines; DIPAM approval conveyed by Ministry of Coal on 8 Sep 2026.
• Board meeting held on 29 September 2026.

Commercial Paper issuance

• 4,000 CPs of ₹500,000 each aggregating ₹200 crore issued and allotted on 28 Sept 2026.

NLC India Limited: Trading Window closed from 30th September, 2026 till 48 hours after declaration of Un-Audited Financial Results for the Quarter and Half Year ending on 30th September, 2026.

CP issuance

• Issuance and allotment of 10,000 Commercial Papers of ₹5 lakh each, aggregating ₹500 crore.
• Allotted on 22.09.2026 under Regulation 30 and 51 of SEBI LODR.
• Purpose disclosed as short-term liquidity funding via CP program.

Director (Finance) charge

• Ministry assigns Additional Charge of Director (Finance) to NLC India CMD for 3 months from 17 Sep 2026.