NLC India Reports FY26 Revenue of INR 17,490 Cr, PAT Surges 39 Percent to INR 3,769 Cr

NLC India Ltd.has reported its highest-ever financial and operational performance for FY2025-26, driven by strong growth in coal production, power generation, renewable energy expansion and capacity additions across its portfolio.

The company’s consolidated revenue from operations rose 14.44 percent year-on-year to INR 17,490 crore in FY26, compared with INR 15,283 crore in the previous year. Profit after tax increased 38.91 percent to a record INR 3,769 crore, while EBITDA climbed 14.78 percent to INR 7,475 crore. Net worth also expanded nearly 15 percent to INR 21,525 crore.

During the year, NLCIL achieved gross power generation of 28.95 billion units, including renewable energy generation of 2.26 billion units. The company also recorded all-time high annual coal production of 19.14 million tonnes from Talabira II and III open cast projects, alongside coal dispatch of 17.69 million tonnes.

NLCIL added 1,013 MW of new power capacity during FY26, including 660 MW thermal capacity from Unit-2 of the Ghatampur Thermal Power Project and 303 MW renewable energy capacity, comprising large-scale solar and rooftop projects.

The company said Pachwara South Coal Mine with 9 MTPA capacity commenced coal production in March 2026. It also secured approvals for multiple mining plans and exploration licences, strengthening its future resource pipeline.

In the renewable energy segment, Solar Energy Corporation of India awarded NLC India Renewables Limited a project for developing 600 MW solar capacity integrated with a 300 MW/1800 MWh energy storage system through competitive bidding.

As part of its asset monetisation strategy, seven operational renewable energy assets with a combined capacity of 1.4 GW were transferred to NLC India Renewables Ltd. The Government of India also approved the proposed listing of NIRL through fresh equity issuance and partial stake divestment.

NLCIL further received approval for a joint venture between NIRL and National Capital Region Transport Corporation to develop 100 MW renewable energy projects in Uttar Pradesh.

The company also tied up external commercial borrowings worth EUR 100 million with German development bank KfW for project funding.

Reflecting investor confidence, NLCIL shares touched an all-time high of INR 336.50 on NSE on May 11, 2026, taking the company’s market capitalisation beyond INR 46,660 crore.