NLC India

State-run miner and power producer NLC India Ltd reported a 26% decline in net profit for the second quarter of FY2025, primarily due to higher operating expenses and lower power generation. The company’s bottom line dropped to Rs. 730 crore compared with Rs. 986 crore in the same quarter last year, even as revenue rose marginally on improved realizations. Increased fuel costs, maintenance expenditure, and subdued lignite output weighed on performance.

In a strategic move aimed at deepening its foothold in India’s critical minerals and energy segment, NLC India has announced an ambitious investment of Rs. 7,000 crore in Neyveli Lignite Resources Limited (NIRL). The capital infusion is designed to support new lignite mining initiatives and associated power projects, thereby reinforcing the company’s role in meeting India’s growing electricity and industrial fuel demands.

NLC India Ltd (NLCIL), a prominent state-run mining and power producer, has announced plans to invest approximately Rs. 7,000 crore in Neyveli Uttar Pradesh Power Ltd (NIRL), marking a significant step toward bolstering its coal mining and thermal generation capabilities. This capital infusion is intended to drive the development of new coal blocks and related infrastructure, aligning with the company’s strategic objective of securing reliable fuel supply for its existing and upcoming power projects.

In a decisive move to bolster its position in the burgeoning electric mobility and energy storage sectors, NLC India Ltd. is preparing to source lithium from Russia. The initiative is aimed at insulating the company from volatile global supply chains while supporting India’s ambitious transition to clean energy. By tapping into Russia’s rich mineral reserves, NLC India intends to diversify its resource portfolio and reduce dependence on traditional markets.