NLC India achieves record FY25 performance, declares 30% dividend, charts ₹1.17 Lakh Crore capex for 2030 growth.
The announcement details record financial results, a substantial dividend declaration, and an ambitious long-term Corporate Plan 2030 with significant capacity expansion targets (thermal, renewable, mining) and a planned CAPEX exceeding ₹1.17 Lakh Crore. Numerous strategic partnerships and new project commencements outlined will materially impact the company's future growth and market position.
The company reported record-high physical and financial performance in FY 2024-25, including significant growth in profit and revenue, along with a substantial increase in CAPEX. It also announced a final dividend and outlined ambitious expansion plans for both conventional and renewable energy, including major new projects and strategic joint ventures.
The 69th Annual General Meeting (AGM) of NLC India Limited was held on September 27, 2025, chaired by Shri Prasanna Kumar Motupalli, Chairman and Managing Director.
* FY 2024-25 Performance Highlights: * Achieved all-time highest lignite & coal production of 41.26 Million Tonnes (MT) from NLCIL mines. * Recorded highest ever CAPEX of ₹7,736 crore, which is 254% higher than the Ministry of Coal target. * Consolidated Profit After Tax (PAT) grew by 45.30% to ₹2,713.61 crore, and Profit Before Tax (PBT) by 28.29% to ₹3,696.93 crore. * Revenue from operations increased by 17.55% to ₹15,282.96 crore, and total income by 21.08% to ₹16,889.45 crore. * Market Capitalisation surpassed ₹43,000 crore. * Gross Power Generation reached 27.87 BU, including 2.10 BU of Green Power.
* Current Year (Q1 FY2025-26, up to June 30, 2025) Performance: * Consolidated Total Income was ₹4,116 crore. * Consolidated PAT stood at ₹839 crore. * Commissioned 52.83 MW of solar capacity from the 300 MW Barsingsar project.
* Dividend: The Board recommended a final dividend of ₹1.50 per equity share (15%), bringing the total dividend for FY 2024-25 to 30% (₹416 crore), including the interim dividend already paid.
* Strategic Expansion & Diversification: * Neyveli Uttar Pradesh Power Limited (NUPPL) commissioned Unit-1 (660 MW) of Ghatampur Thermal Power Project; Units-2 & 3 are expected to achieve commercial operation during FY 2025-26. * NLC India Renewables Limited (NIRL), a wholly-owned subsidiary, received Cabinet Committee on Economic Affairs (CCEA) approval for a ₹7,000 crore investment for renewable projects. NIRL is implementing significant projects including 600 MW solar in Gujarat, 810 MW solar in Rajasthan, and a 250 MW / 500 MWh Battery Energy Storage System (BESS) in Tamil Nadu. * Formed new Joint Ventures (JVs) including NLC Rajasthan Power Limited (NRPL) with RVUNL for a 3x125 MW Lignite-based Thermal Power Station, NIRL Assam Renewables Limited (NARL) with APDCL for 1,000 MW Green Energy Projects, NIRL Rajasthan Renewables Limited (NRRL) with RVUNL for 2,000 MW Green Energy projects, and a JV with MAHAPREIT for up to 2,000 MW renewable energy projects in Maharashtra.
* Future Outlook (Chairman's Statement & Corporate Plan 2030): * NLC India (including subsidiaries) aims to raise total capacities by 2030: Lignite from 30.10 MTPA to 41.35 MTPA, Coal from 20 MTPA to 74 MTPA, Thermal Power Generation from 5,300 MW to 10,020 MW, and Power from Renewable Sources from 1,431 MW to 10,110 MW. * The total Capital Expenditure is estimated to exceed ₹1.17 Lakh Crore till 2029-30. * The company is exploring opportunities in green hydrogen, energy storage, critical minerals, and waste-to-wealth initiatives such as converting overburden into Manufactured Sand (M-Sand) and establishing solar power plants on reclaimed mined-out lands. * MoUs were signed with IREL (India) Limited and Khanij Bidesh India Limited (KABIL) for collaboration in critical & strategic minerals, including Rare Earth Elements (REE).
* Chairman's Comment: Shri Prasanna Kumar Motupalli stated that NLC India is well-positioned to play a pivotal role in India's energy future, with strategic investments in mining and diversified energy sources, aligning with national priorities for sustainable and inclusive growth.
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