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2026-01-14 10:12:40 am | Source: Accord Fintech
NLC India soars on signing MoU with Government of Gujarat
NLC India soars on signing MoU with Government of Gujarat

NLC India is currently trading at Rs. 262.00, up by 6.80 points or 2.66% from its previous closing of Rs. 255.20 on the BSE.

The scrip opened at Rs. 256.85 and has touched a high and low of Rs. 263.65 and Rs. 256.85 respectively. So far 22071 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 292.35 on 07-Oct-2025 and a 52 week low of Rs. 185.85 on 17-Feb-2025.

Last one week high and low of the scrip stood at Rs. 272.00 and Rs. 243.60 respectively. The current market cap of the company is Rs. 36114.95 crore.

The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 21.40% and 6.40% respectively. 

NLC India (NLCIL) has signed a Memorandum of Understanding (MoU) with the Government of Gujarat. The MoU is non-binding in nature and envisages the development of large-scale Renewable Energy (RE) projects in the State of Gujarat, including Solar, Wind, Hybrid and Battery Energy Storage Projects, with an aggregate investment potential of around Rs 25,000 crore and generation of substantial employment opportunities.

The proposed projects shall be developed through NLC India Renewables (NIRL), a wholly owned subsidiary of NLC India and its dedicated 100% Renewable Energy arm, established to spearhead NLCIL's green energy growth and sustainability initiatives. This strategic collaboration aligns with NLC India’s Corporate Plan to achieve 10 GW of Renewable Energy capacity by the year 2030, and underscores the company's commitment towards sustainable development, energy security and decarbonisation.

Under the MoU, the Government of Gujarat shall facilitate NLC India / NLC India Renewables in obtaining necessary statutory approvals, clearances, registrations and other support as per the prevailing policies and regulations of the State Government, enabling time-bound implementation of the proposed projects. 

The collaboration further strengthens Gujarat's position as a leading hub for renewable energy in the country and contributes to India's national goals of achieving Net Zero emissions and enhancing the share of non-fossil fuel-based power generation. 

NLC India is a Navratna Government of India Enterprise, under the administrative control of Ministry of Coal. The company is engaged in the business of mining of Lignite, Coal and generation of power by using lignite as well as Renewable Energy Sources and consultancy.

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