# NLC India (NLCINDIA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/nlcindia

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹237.89
- Change: -1.48%
- As of: 2026-11-06
- 1D return: -1.48%
- 5D return: +4.36%
- 1M return: -1.47%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

NLCINDIA is trading at ₹237.89, maintaining a bearish technical structure across daily, weekly, and monthly timeframes as of 2026-11-06. The price remains below all key moving averages (20-day, 50-day, and 200-day) and the Supertrend indicator, confirming persistent downward pressure. While the daily trend strength is developing (ADX 24.4), the monthly trend is strong (ADX 46.84), indicating that the broader momentum favors sellers. The stock is positioned near the lower end of its 252-day range (+9.4%) but sits in the middle of its 20-day range (+43.4%). A significant volume-driven upward anomaly on 2026-11-04 (+7.5% return with 7.55x volume ratio) suggests active participation, yet the price has failed to sustain above immediate resistance levels. Key support lies at ₹236.68 (0.51% below), while resistance clusters around ₹245.79–₹245.88 (3.32–3.36% above). An active monthly Inside Bar pattern indicates consolidation; a break above ₹245.88 would be required to challenge the bearish bias, whereas a close below ₹236.68 risks testing lower supports at ₹231.89.

- Trend Direction: Bearish across all timeframes; price trades below all supplied moving averages and the Supertrend indicator.
- Momentum & Participation: Monthly trend is strong (ADX 46.84); daily trend is developing (ADX 24.4). A high-volume upward move occurred on 2026-11-04 (+7.5% return, 7.55x volume ratio).
- Key Levels: Immediate support at ₹236.68 (-0.51%); immediate resistance at ₹245.79 (+3.32%) and ₹245.88 (+3.36%).
- Risk Profile: Current drawdown is -35.9% against a maximum historical drawdown of -38.5%. Annualized volatility stands at +38.4%.

- Inside Bar

### News Context

In the seven-day window ending November 6, 2026, NLC India focused on capital restructuring and expansion. On November 4, the company approved a ₹4,000 crore IPO for its renewable energy subsidiary, NLC India Renewables Ltd (NIRL), which includes an offer for sale of up to 10 crore shares by the parent. This strategic move coincided with a reported nearly 50% drop in Q2 net profit to ₹465 crore, attributed to higher fuel prices and the absence of prior-year inventory benefits. To support growth, NLC India also authorized a ₹2,500 crore debt fundraise via debentures.

Market sentiment appeared mixed but active. Elara Securities upgraded its recommendation to Buy on November 5, citing aggressive expansion plans and strong recent financials, including 13.3% YoY revenue growth and an 83.2% increase in PAT driven by a deferred tax credit. The broker set a target price of ₹387. Meanwhile, broader market activity saw Foreign Institutional Investors (FIIs) inject over ₹20,000 crore into Indian equities between November 1 and November 4, contributing to a five-session rally in benchmark indices.

- Corporate Action: Approved a ₹4,000 crore IPO for renewable arm NIRL on Nov 4, featuring a 10 crore share offer for sale by NLC India.
- Financial Context: Reported Q2 net profit fell ~50% to ₹465 crore due to fuel costs and one-off inventory benefits; simultaneously authorized ₹2,500 crore in debenture funding.
- Analyst View: Elara Securities upgraded to Buy on Nov 5 with a ₹387 target, highlighting 13.3% revenue growth and an 83.2% PAT surge from deferred tax credits.
- Market Flow: FIIs invested ₹20,000 crore across four days through Nov 4, supporting a broad market rally while DIIs recorded net outflows.

- [Broker’s Call: NLC India (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-nlc-india-buy/article71669777.ece)
- [Stocks in focus, Nov 5: Alembic Pharma, Northern Arc, V2 Retail, Cupid, NALCO, Bright Outdoor, Som Distilleries, Manipal Health](https://www.thehindubusinessline.com/markets/stocks-in-focus-nov-5-alembic-pharma-northern-arc-v2-retail-cupid-nalco-bright-outdoor-som-distilleries-manipal-health/article71668405.ece)
- [NLC to sell 10 crore shares in renewable energy IPO](https://www.thehindubusinessline.com/companies/nlc-to-sell-10-crore-shares-in-renewable-energy-ipo/article71666096.ece)
- [FIIs invest over ₹20,000 crore in four days as markets rise for fifth straight session](https://www.cnbctv18.com/market/fiis-invest-over-rs20000-crore-in-four-days-as-markets-rise-for-fifth-straight-session-20027245.htm)
- [NLC India plans to sell up to 10 crore shares in renewable energy arm’s IPO](https://www.cnbctv18.com/market/nlc-india-plans-to-sell-up-to-10-crore-shares-in-renewable-energy-arms-ipo-20027071.htm)

### What Changed

NLC India has materially updated its financial profile and shareholder returns for the half-year ended September 30, 2026. On November 5, 2026, the company disclosed un-audited results showing consolidated Net Profit after tax of ₹1,764.34 crore on Total Income from Operations of ₹9,449.10 crore. Standalone figures reported ₹1,579.28 crore in profit against ₹5,562.61 crore in income. Following these results, NSE filings on November 6, 2026, announced an interim dividend of ₹1.50 per share with a record date of November 12, 2026. Market reaction included Elara Securities revising its recommendation to Buy with a target price of ₹387, citing aggressive expansion plans and an 83.2% increase in PAT driven by a deferred tax credit. The stock traded at ₹237.89 on November 6, down from ₹241.47 in the previous session.

Key developments include the release of robust H1 FY2027 earnings, the declaration of a new interim dividend, and upgraded analyst sentiment based on growth metrics. The primary shift is the confirmation of strong profitability and a commitment to shareholder payouts, contrasting with prior periods where such specific interim actions were not highlighted in the immediate context.

- On November 5, 2026, NLC India reported consolidated H1 FY2027 Net Profit after tax of ₹1,764.34 crore on revenue of ₹9,449.10 crore, with standalone profit at ₹1,579.28 crore.
- An interim dividend of ₹1.50 per share was filed on November 6, 2026, with a record date set for November 12, 2026.
- Elara Securities upgraded the stock to Buy with a target price of ₹387, noting 13.3% YoY revenue growth and an 83.2% PAT increase attributed to a deferred tax credit.
- The share price closed at ₹237.89 on November 6, 2026, reflecting a decline from the previous close of ₹241.47.

- [Broker’s Call: NLC India (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-nlc-india-buy/article71669777.ece)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.50 PER SHARE |FACE VALUE:10 |RECORD DATE:12-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [NLC India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NLCINDIA_05112026165717_Newspaper_Publication_051126_signed__1_.pdf)
- [Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_05112026165814_Newspaper_Publication_051126_signed__1_.pdf)

### Official Filings

NLC India Limited’s board, meeting on 4 November 2026, approved an interim dividend of ₹1.50 per share (15%) for the financial year 2026-27, with a record date of 12 November 2026. This follows the company’s reporting of all-time high half-year results for the period ended 30 September 2026, where consolidated revenue from operations rose 18.05% to ₹9,449.10 crore and profit after tax increased 12.81% to ₹1,764.34 crore. Concurrently, the board authorized a debt fundraising plan of up to ₹25,000 crore, leveraging existing shareholder approval from October 2017, with specific terms such as tenure and coupon rates to be determined at the time of issuance.

- Interim dividend of ₹1.50 per share declared; record date set for 12-Nov-2026
- Consolidated H1 FY2026-27 PAT reached ₹1,764.34 crore, up 12.81% YoY
- Board approved raising up to ₹25,000 crore via debt securities on BSE and NSE
- Existing shareholder resolution from Oct 2017 covers borrowing authority; no new AGM/EGM required

- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.50 PER SHARE |FACE VALUE:10 |RECORD DATE:12-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [NLC India Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1915_WebXMLFile_20261105_114645156.xml)
- [NLC India Limited has informed the Exchange regarding Issuance of securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122524245.xml)
- [NLC India Limited has informed the Exchange regarding Issuance of securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122246438.xml)
- [NLC India Limited has informed the Exchange regarding a press release dated November 04, 2026, titled "FINANCIAL RESULTS OF NLCIL FOR THE QUARTER & HALF YEARENDED 30.09.2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NLCINDIA_05112026124933_Press_Release_dt_04112026_Signed.pdf)
- [Press Release |SUBJECT: Press Release](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_05112026125059_Press_Release_dt_04112026_Signed.pdf)
- [NLC India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NLCINDIA_05112026165717_Newspaper_Publication_051126_signed__1_.pdf)
- [Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_05112026165814_Newspaper_Publication_051126_signed__1_.pdf)

### Fundamentals

NLC India’s financial trajectory for FY2026 shows robust top-line growth but a notable divergence in near-term profitability. Revenue rose to ₹17,519 crore in FY2026 (up from ₹15,322 crore in FY2025), with TTM sales reaching ₹18,381 crore. However, the most recent quarterly data reveals a sequential compression in operating efficiency: while Q2 FY2026-27 revenue was stable at ₹4,732 crore, Profit Before Tax dropped sharply to ₹296 crore from ₹574 crore in Q1, driven by rising expenses and finance costs. Despite this, Net Profit surged to ₹1,328 crore in Q2, suggesting non-operating gains or tax benefits offsetting operational headwinds.

Earnings quality remains strong historically, with CFO/EBITDA conversion averaging over 100% in recent years, though it dipped to 109% in FY2026. The balance sheet reflects active expansion; Fixed Assets grew to ₹36,596 crore and Property, Plant & Equipment reached ₹40,490 crore as of September 2026. Borrowings increased to ₹27,892 crore, and interest costs rose to ₹1,222 crore in FY2026. Working capital management improved significantly, with the Cash Conversion Cycle shortening to 70 days. Shareholding patterns show a slight dilution in promoter holding (to 69.47%) and an increase in FII stakes (to 4.61%).

- Revenue Growth vs. Margin Pressure: TTM sales are ₹18,381 crore, but Q2 FY2026-27 PBT fell sequentially to ₹296 crore from ₹574 crore due to higher expenses and finance costs.
- Asset Expansion & Leverage: Fixed assets grew to ₹36,596 crore (FY2026) and borrowings rose to ₹27,892 crore, indicating continued capex-funded expansion.
- Cash Flow Efficiency: Operating cash flow was ₹5,166 crore in FY2026, with the Cash Conversion Cycle improving to 70 days from 106 days in FY2024.
- Next Checkpoint: Monitor if Q3 FY2026-27 operating margins stabilize after the Q1-Q2 sequential decline, and whether rising interest costs continue to impact net profitability.

### Bull Case

NLC India presents a conditional upside case anchored by aggressive strategic expansion and recent financial momentum, despite prevailing bearish technical trends. The company has approved an initial public offering for its renewable energy subsidiary, NLC India Renewables Ltd (NIRL), involving the sale of up to 10 crore shares in a ₹4,000-crore IPO expected in FY27. This move signals a structural shift toward regulated equity assets, which Elara Securities cites as a driver for growth, leading to a 'Buy' rating with a target price of ₹387. Financially, the company reported 13.3% year-over-year revenue growth and an 83.2% increase in profit after tax, driven by a deferred tax credit. Although Q2 net profit declined nearly 50% to ₹465 crore due to higher fuel prices and prior-year inventory benefits, the authorization of a ₹2,500 crore debt fundraise through debentures provides capital flexibility for these expansion plans. While the stock trades at ₹237.89 with significant drawdowns, the combination of earnings growth, strategic divestment potential, and analyst optimism forms the basis for a constructive interpretation contingent on successful execution of the renewable energy transition.

- Strategic Expansion: Approved sale of up to 10 crore shares in NIRL’s ₹4,000-crore IPO (FY27) and authorized ₹2,500 crore debt fundraise to support renewable energy growth.
- Financial Momentum: Reported 13.3% YoY revenue growth and an 83.2% surge in PAT (driven by deferred tax credit), prompting Elara Securities to upgrade to 'Buy' with a ₹387 target.
- Market Context: Stock currently trades at ₹237.89 amid bearish technical indicators and a -35.9% current drawdown, contrasting with the fundamental expansion narrative.
- Profitability Headwinds: Q2 net profit fell nearly 50% to ₹465 crore due to higher fuel costs and one-off prior-year benefits, highlighting operational volatility.

- [Broker’s Call: NLC India (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-nlc-india-buy/article71669777.ece)
- [Stocks in focus, Nov 5: Alembic Pharma, Northern Arc, V2 Retail, Cupid, NALCO, Bright Outdoor, Som Distilleries, Manipal Health](https://www.thehindubusinessline.com/markets/stocks-in-focus-nov-5-alembic-pharma-northern-arc-v2-retail-cupid-nalco-bright-outdoor-som-distilleries-manipal-health/article71668405.ece)
- [NLC to sell 10 crore shares in renewable energy IPO](https://www.thehindubusinessline.com/companies/nlc-to-sell-10-crore-shares-in-renewable-energy-ipo/article71666096.ece)
- [FIIs invest over ₹20,000 crore in four days as markets rise for fifth straight session](https://www.cnbctv18.com/market/fiis-invest-over-rs20000-crore-in-four-days-as-markets-rise-for-fifth-straight-session-20027245.htm)
- [NLC India plans to sell up to 10 crore shares in renewable energy arm’s IPO](https://www.cnbctv18.com/market/nlc-india-plans-to-sell-up-to-10-crore-shares-in-renewable-energy-arms-ipo-20027071.htm)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.50 PER SHARE |FACE VALUE:10 |RECORD DATE:12-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [NLC India Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1915_WebXMLFile_20261105_114645156.xml)
- [NLC India Limited has informed the Exchange regarding Issuance of securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122524245.xml)
- [NLC India Limited has informed the Exchange regarding Issuance of securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122246438.xml)
- [NLC India Limited has informed the Exchange regarding a press release dated November 04, 2026, titled "FINANCIAL RESULTS OF NLCIL FOR THE QUARTER & HALF YEARENDED 30.09.2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NLCINDIA_05112026124933_Press_Release_dt_04112026_Signed.pdf)

### Bear Case

NLC India faces significant near-term headwinds driven by margin pressure and technical weakness. The company reported a nearly 50% drop in Q2 net profit to ₹465 crore, attributed to higher fuel prices and the absence of prior-year inventory benefits, despite revenue growing 13.3%. This earnings contraction coincides with a severe technical downtrend; the stock has declined 26.2% over six months and is currently trading 35.9% below its recent peak. Technical indicators across daily, weekly, and monthly timeframes are uniformly bearish, with the Supertrend signaling downside momentum and moving averages sloping negatively. While the company plans to raise ₹2,500 crore via debentures and list its renewable arm, these capital-raising activities occur alongside an ongoing equity dilution risk from the proposed sale of up to 10 crore shares in the NIRL IPO.

- Q2 Net Profit fell ~50% to ₹465 crore due to higher fuel costs and lower inventory benefits, contrasting with 13.3% revenue growth.
- Stock price is down 26.2% over six months and -35.9% from highs, with all timeframe Supertrends indicating a bearish bias.
- Technical resistance is clustered near ₹245–₹250, while immediate support lies at ₹236.68, limiting upside potential.
- Company authorized a ₹2,500 crore debt fundraise and plans an IPO for its renewable subsidiary involving the sale of 10 crore shares.

- [Broker’s Call: NLC India (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-nlc-india-buy/article71669777.ece)
- [Stocks in focus, Nov 5: Alembic Pharma, Northern Arc, V2 Retail, Cupid, NALCO, Bright Outdoor, Som Distilleries, Manipal Health](https://www.thehindubusinessline.com/markets/stocks-in-focus-nov-5-alembic-pharma-northern-arc-v2-retail-cupid-nalco-bright-outdoor-som-distilleries-manipal-health/article71668405.ece)
- [NLC to sell 10 crore shares in renewable energy IPO](https://www.thehindubusinessline.com/companies/nlc-to-sell-10-crore-shares-in-renewable-energy-ipo/article71666096.ece)
- [FIIs invest over ₹20,000 crore in four days as markets rise for fifth straight session](https://www.cnbctv18.com/market/fiis-invest-over-rs20000-crore-in-four-days-as-markets-rise-for-fifth-straight-session-20027245.htm)
- [NLC India plans to sell up to 10 crore shares in renewable energy arm’s IPO](https://www.cnbctv18.com/market/nlc-india-plans-to-sell-up-to-10-crore-shares-in-renewable-energy-arms-ipo-20027071.htm)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.50 PER SHARE |FACE VALUE:10 |RECORD DATE:12-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [NLC India Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1915_WebXMLFile_20261105_114645156.xml)
- [NLC India Limited has informed the Exchange regarding Issuance of securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122524245.xml)
- [NLC India Limited has informed the Exchange regarding Issuance of securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122246438.xml)
- [NLC India Limited has informed the Exchange regarding a press release dated November 04, 2026, titled "FINANCIAL RESULTS OF NLCIL FOR THE QUARTER & HALF YEARENDED 30.09.2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NLCINDIA_05112026124933_Press_Release_dt_04112026_Signed.pdf)

### FAQs

**What dividend is NLC India paying, and when are the key dates?**

The board approved an interim dividend of ₹1.50 per share. The record date for this payout is 12 November 2026.

**Is NLC India raising capital, and how will it be used?**

Yes. On 4 November 2026, the board authorized a ₹2,500 crore debt fundraise through debentures to be listed on BSE and NSE. Additionally, up to 10 crore shares in its renewable energy arm, NLC India Renewables Ltd (NIRL), will be sold via an IPO expected in FY27.

**How has the stock performed recently compared to its longer-term trend?**

As of 6 November 2026, the stock closed at ₹237.89. It has gained +4.1% over the past 10 days but remains down -21.7% over three months and -26.2% over six months. Technical indicators show a bearish supertrend direction across daily, weekly, and monthly timeframes.

**What recent earnings developments have influenced analyst views?**

Elara Securities upgraded NLC India to Buy with a target price of ₹387, citing aggressive expansion plans. This follows reported Q2 results showing 13.3% YoY revenue growth and an 83.2% increase in PAT driven by a deferred tax credit, although net profit dropped nearly 50% to ₹465 crore due to higher fuel prices.

- [Broker’s Call: NLC India (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-nlc-india-buy/article71669777.ece)
- [Stocks in focus, Nov 5: Alembic Pharma, Northern Arc, V2 Retail, Cupid, NALCO, Bright Outdoor, Som Distilleries, Manipal Health](https://www.thehindubusinessline.com/markets/stocks-in-focus-nov-5-alembic-pharma-northern-arc-v2-retail-cupid-nalco-bright-outdoor-som-distilleries-manipal-health/article71668405.ece)
- [NLC to sell 10 crore shares in renewable energy IPO](https://www.thehindubusinessline.com/companies/nlc-to-sell-10-crore-shares-in-renewable-energy-ipo/article71666096.ece)
- [FIIs invest over ₹20,000 crore in four days as markets rise for fifth straight session](https://www.cnbctv18.com/market/fiis-invest-over-rs20000-crore-in-four-days-as-markets-rise-for-fifth-straight-session-20027245.htm)
- [NLC India plans to sell up to 10 crore shares in renewable energy arm’s IPO](https://www.cnbctv18.com/market/nlc-india-plans-to-sell-up-to-10-crore-shares-in-renewable-energy-arms-ipo-20027071.htm)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.50 PER SHARE |FACE VALUE:10 |RECORD DATE:12-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [NLC India Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1915_WebXMLFile_20261105_114645156.xml)
- [NLC India Limited has informed the Exchange regarding Issuance of securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122524245.xml)
- [NLC India Limited has informed the Exchange regarding Issuance of securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122246438.xml)
- [NLC India Limited has informed the Exchange regarding a press release dated November 04, 2026, titled "FINANCIAL RESULTS OF NLCIL FOR THE QUARTER & HALF YEARENDED 30.09.2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/NLCINDIA_05112026124933_Press_Release_dt_04112026_Signed.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹245.79
- Risk regime: Higher Price Risk

### Support levels
- 225.94375000000002
- 221.9575
- 213.70749999999998

### Resistance levels
- 245.875
- 250.10020019531248
- 256.44375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.48% |
| return_10 | +4.11% |
| return_1m | -6.67% |
| return_1y | -8.49% |
| return_20 | -1.47% |
| return_3m | -21.75% |
| return_5 | +4.36% |
| return_6m | -26.19% |
| return_since_start | -1.83% |
| return_ytd | -7.13% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -38.54% |
| annualized_volatility | +38.36% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# NLC India Limited Q2 FY2026-27: Revenue rises, pre-tax profit falls

Revenue from operations was ₹4,732 crore in Q2 FY2026-27, up 13.3% year on year and marginally higher than in Q1 FY2026-27. Expenses grew faster, reducing pre-tax profit by 59.5% year on year; a substantial tax benefit lifted reported profit for the period to ₹1,328 crore, up 83.2% year on year.

## Revenue and costs

Revenue from operations increased from ₹4,178 crore in Q2 FY2025-26 to ₹4,732 crore in Q2 FY2026-27, and was nearly unchanged from ₹4,717 crore in Q1 FY2026-27. Total income was ₹4,827 crore, compared with ₹4,347 crore a year earlier and ₹4,868 crore in the preceding quarter.

Expenses rose 25.3% year on year to ₹4,531 crore and 5.5% quarter on quarter. Other expenses were ₹1,508 crore, up 3.9% from Q2 FY2025-26 and 7.1% from Q1 FY2026-27. Finance costs increased to ₹438 crore from ₹289 crore a year earlier and ₹382 crore in the preceding quarter.

## Pre-tax profit and tax benefit

Profit before tax was ₹296 crore, down from ₹731 crore in Q2 FY2025-26 and ₹574 crore in Q1 FY2026-27. The tax line was a benefit of ₹863 crore, compared with tax expenses of ₹197 crore a year earlier and ₹215 crore in the preceding quarter. This included a deferred-tax benefit of ₹988 crore, partly offset by current tax expense of ₹124 crore and a ₹169 crore charge for regulatory deferral account balances.

Profit for the period consequently rose to ₹1,328 crore from ₹725 crore in Q2 FY2025-26 and ₹436 crore in Q1 FY2026-27. Basic earnings per share were ₹9.96, versus ₹5.23 and ₹3.49 in those respective quarters. The increase in reported profit therefore contrasts with the substantial decline in pre-tax profit.

## Cash flow and balance sheet

Operating cash flow was ₹2,772 crore in the quarter. Investing activities used ₹1,997 crore, while financing activities used ₹836 crore.

At 30 September 2026, property, plant and equipment stood at ₹40,490 crore, up from ₹36,344 crore at 30 June 2026; capital work in progress declined to ₹11,306 crore from ₹14,293 crore. Current and non-current borrowings together were ₹28,158 crore, compared with ₹27,802 crore at the preceding quarter-end. Cash and cash equivalents were ₹651 crore at 30 September 2026.

## Key Takeaway

Q2 combined year-on-year revenue growth with faster expense growth and a steep fall in pre-tax profit. The tax benefit drove higher reported profit, making the underlying pre-tax result the more important measure of the quarter’s operating performance.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +69.47%
- FII holding: +4.61%
- DII holding: +13.64%
- Mutual fund holding: +10.11%
- Retail holding: +4.61%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +69.47%
- NIPPON LIFE INDIA TRUSTEE LTD. (Under Various Sub accounts) — +5.58%
- KOTAK MAHINDRA TRUSTEE CO (Under Various Sub Accounts) — +2.48%
- STATE INDUSTRIES PROMOTION CORPORATION OF TAMILNADU LTD — +1.94%
- SBI LIFE INSURANCE CO. LTD — +1.68%
- LIFE INSURANCE CORPORATION OF INDIA and LIFE INSURANCE CORPORATE OF INDIA  P AND GS Fund — +1.15%
- TAMILNADU INDUSTRIAL DEVELOPMENT CORPORATION LTD — +1.08%

## Official filings

- 2026-11-06 — Corporate Action Notice: NLC India Limited - Ex-Date: 12-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-06 — Corporate Action Notice: NLC India Limited - Ex-Date: 12-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-06 — Corporate Action Notice: NLC India Limited - Ex-Date: 12-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-05 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1915_WebXMLFile_20261105_114645156.xml)
- 2026-11-05 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122524245.xml)
- 2026-11-05 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1915_WebXMLFile_20261105_122246438.xml)
- 2026-11-05 — Press Release: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NLCINDIA_05112026124933_Press_Release_dt_04112026_Signed.pdf)
- 2026-11-05 — Press Release: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_05112026125059_Press_Release_dt_04112026_Signed.pdf)
- 2026-11-05 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NLCINDIA_05112026165717_Newspaper_Publication_051126_signed__1_.pdf)
- 2026-11-05 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_05112026165814_Newspaper_Publication_051126_signed__1_.pdf)
- 2026-11-05 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NLCINDIA_05112026203941_LoA_Intimation_05112026.pdf)
- 2026-11-04 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NLCINDIA_04112026135958_573_BM_-_Outcome_04112026_Signed.pdf)
- 2026-11-04 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NLCINDIA_04112026140524_573_BM_-_Outcome_04112026_Signed.pdf)
- 2026-11-04 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NLCINDIA_04112026140709_573_BM_-_Outcome_04112026_Signed.pdf)
- 2026-11-04 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_04112026140829_573_BM_-_Outcome_04112026_Signed.pdf)
- 2026-11-04 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_04112026141253_573_BM_-_Outcome_04112026_Signed.pdf)
- 2026-11-04 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_04112026141034_573_BM_-_Outcome_04112026_Signed.pdf)
- 2026-11-04 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_04112026141440_573_BM_-_Outcome_04112026_Signed.pdf)
- 2026-11-04 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_04112026141122_573_BM_-_Outcome_04112026_Signed.pdf)
- 2026-11-04 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NLCINDIA_04112026142212_573_BM_-_Outcome_04112026_Signed.pdf)
- 2026-11-04 — Financial Results Filing: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752938_04112026064756_WEB.xml)
- 2026-11-04 — Financial Results Filing: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752945_04112026064835_WEB.xml)
- 2026-10-31 — Board Meeting Notice: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NLCINDIA_31102026180417_Prior_Intimation_-_postponed_and_rescheduled_Signed.pdf)
- 2026-10-31 — Generic Announcement: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/NLCINDIA_31102026182458_Prior_Intimation_-_postponed_and_rescheduled_Signed.pdf)
- 2026-10-31 — Board Meeting Notice: NLC India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1915_WebXMLFile_20261031_190005838.xml)

## News and market events

- 2026-11-05 — The Hindu: **Broker’s Call: NLC India (Buy)** — Elara Securities has revised its recommendation on NLC India to Buy with a target price of ₹387, citing the company's aggressive expansion plan and expected growth in regulated equity. The upgrade follows NLC India's reported 13.3% YoY revenue growth and an 83.2% increase in PAT driven by a deferred tax credit. — [Source](https://www.thehindubusinessline.com/markets/brokers-call-nlc-india-buy/article71669777.ece)
- 2026-11-05 — The Hindu: **Stocks in focus, Nov 5: Alembic Pharma, Northern Arc, V2 Retail, Cupid, NALCO, Bright Outdoor, Som Distilleries, Manipal Health** — Multiple listed companies reported concrete operational developments including expanded collaborations, fund closures, retail partnerships, project expansions, and listing migrations. These events represent specific corporate actions affecting individual stock fundamentals and market listings rather than broad macroeconomic shifts. — [Source](https://www.thehindubusinessline.com/markets/stocks-in-focus-nov-5-alembic-pharma-northern-arc-v2-retail-cupid-nalco-bright-outdoor-som-distilleries-manipal-health/article71668405.ece)
- 2026-11-04 — The Hindu: **NLC to sell 10 crore shares in renewable energy IPO** — NLC India has approved the sale of up to 10 crore shares for its renewable energy arm, NLC India Renewables Ltd (NIRL), as part of a ₹4,000-crore IPO expected in FY27. The company also authorized a ₹2,500 crore debt fundraise through debentures, even as it reported a nearly 50% drop in Q2 net profit to ₹465 crore due to higher fuel prices and prior-year inventory benefits. — [Source](https://www.thehindubusinessline.com/companies/nlc-to-sell-10-crore-shares-in-renewable-energy-ipo/article71666096.ece)
- 2026-11-04 — CNBC-TV18: **FIIs invest over ₹20,000 crore in four days as markets rise for fifth straight session** — Foreign institutional investors extended their buying streak in Indian equities to a fourth consecutive session on November 4, purchasing shares worth a net ₹7,284.03 crore and contributing to a cumulative investment of over ₹20,000 crore in four days. This inflow coincided with Indian equity benchmarks rising for a fifth straight session, with the Nifty gaining over 5% to reclaim the 23,900 mark and the Sensex closing above 77,300. While market breadth remained positive with an advance-decline ratio of 3:1, domestic institutional investors recorded net outflows of ₹3,712.23 crore as they rema — [Source](https://www.cnbctv18.com/market/fiis-invest-over-rs20000-crore-in-four-days-as-markets-rise-for-fifth-straight-session-20027245.htm)
- 2026-11-04 — CNBC-TV18: **NLC India plans to sell up to 10 crore shares in renewable energy arm’s IPO** — State-owned NLC India plans to sell up to 10 crore shares in its renewable energy subsidiary, NLC India Renewables Limited, through an offer for sale as part of the latter's proposed IPO. This move follows a surge in NLC India's stock price after it reported more than a twofold increase in Q2 net profit, despite a contraction in EBITDA margins. — [Source](https://www.cnbctv18.com/market/nlc-india-plans-to-sell-up-to-10-crore-shares-in-renewable-energy-arms-ipo-20027071.htm)
- 2026-11-04 — BUSINESSTODAY: **NLC India shares gain 9% on Q2 earnings, interim dividend** — NLC India shares rose 9% after the coal ministry-operated Navratna firm reported an 83% year-on-year increase in Q2 net profit to Rs 1,328 crore and a 13.25% revenue climb. The board recommended a 15% interim dividend for FY27 and approved a new 660 MW expansion unit at its Ghatampur Thermal Power Station alongside plans to raise up to Rs 2,500 crore via debentures. — [Source](https://www.businesstoday.in/markets/stocks/story/nlc-india-shares-gain-9-on-q2-earnings-interim-dividend-565710-2026-11-04)
- 2026-11-04 — CNBC-TV18: **NLC India shares rise 8% as Q2 net profit doubles; board clears Renewables IPO OFS** — NLC India shares rose nearly 8% after the state-run company reported a more than twofold year-on-year increase in Q2 net profit to ₹1,381 crore, despite an EBITDA margin contraction. The board also approved an offer for sale of up to 10 crore shares in its renewables subsidiary's proposed IPO and declared an interim dividend of ₹1.50 per share. — [Source](https://www.cnbctv18.com/market/nlc-india-shares-rise-q2-net-profit-doubles-renewables-ipo-ofs-dividend-20026938.htm)
- 2026-11-03 — The Hindu: **NLC India revisits coal gasification plans; explores lignite, coal-based projects** — NLC India is revisiting coal gasification plans, including lignite-based projects, after previously shelving a similar venture due to high costs, and is currently engaging consultants to prepare detailed project reports. This initiative runs parallel to the company's recently approved ₹50,000 crore investment plan aimed at developing 18 GW of renewable energy capacity by 2032. The renewed focus on coal gasification represents a reconsideration of past strategies as the company examines the feasibility of broader coal-based opportunities alongside its expanding renewable portfolio. — [Source](https://www.thehindubusinessline.com/companies/nlc-india-revisits-coal-gasification-plans-explores-lignite-coal-based-projects/article71660497.ece)
- 2026-11-02 — The Hindu: **Q2 Results Today Live: ITC, Marico, UPL, Petronet LNG, NLC, DOMS, Escorts Kubota, NALCO, MobiKwik, Wockhardt, Granules to announce Q2 results, Reliance, Jio Platforms, NTPC shares in focus** — Multiple listed Indian companies including ITC, Marico, UPL, Petronet LNG, NLC India, DOMS Industries, Escorts Kubota, National Aluminium Company, One Mobikwik Systems, and Wockhardt are scheduled to announce their Q2 fiscal year 2026 financial results on November 2, 2026. Shares of Reliance, Jio Platforms, and NTPC are also noted as being in focus during this period. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-itc-marico-upl-upl-petronet-lng-nlc-india-mobikwik-wockhardt-nalco-doms-ind-bosch-escorts-kubota-granules-lloyds-ril-jio-company-results-02-november-2026/article71652562.ece)
- 2026-11-02 — Mint: **Top stocks to watch today: Reliance Industries, Jio Platforms, NTPC, ITC shares in focus on Monday, 2 Nov | Full list** — Shares of ITC, Marico, NALCO, NLC India, Container Corporation of India, and Tata Investment Corporation are scheduled to release their Q2 FY2026 financial results on Monday, November 2, 2026. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-reliance-industries-jio-platforms-ntpc-itc-shares-in-focus-on-monday-2-nov-full-list-11793583063816.html)
- 2026-11-01 — Mint: **Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week** — Multiple companies including Power Finance Corporation, Container Corporation of India Limited, RITES, and Sonata Software are scheduled to hold board meetings this week to announce Q2FY27 results and potentially approve dividends. — [Source](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- 2026-10-25 — FREEPRESSJOURNAL.IN: **PM Narendra Modi’s Puri Visit: Sudarsan Pattnaik Creates 8-Foot Sand Sculpture** — Padma Shri awardee Sudarsan Pattnaik created an eight-foot sand sculpture at Puri Beach to welcome Prime Minister Narendra Modi ahead of his visit to Odisha on Sunday. The artwork merges Odisha’s cultural legacy with India’s expanding digital framework, emphasising the launch of the Reserve Bank of India’s (RBI) Data Centre and Cybersecurity Training Institute in Bhubaneswar. — [Source](https://www.freepressjournal.in/lifestyle/pm-narendra-modis-puri-visit-sudarsan-pattnaik-creates-8-foot-sand-sculpture)
- 2026-10-23 — Times of India: **Odisha bags Rs 54,000 crore investment proposals at India Chem; next edition to be held in Bhubaneswar** — Odisha secures Rs 54,000 crore investment proposals at India Chem 2026 in Mumbai; nine MoUs, 20,000 jobs projected; next summit approved for Bhubaneswar. — [Source](https://timesofindia.indiatimes.com/city/bhubaneswar/odisha-bags-rs-54000-crore-investment-proposals-at-india-chem-next-edition-to-be-held-in-bhubaneswar/articleshow/135149946.cms)
- 2026-10-23 — Orissa POST: **Odisha attracts Rs 53,894 crore investment proposals at India Chem 2026 - OrissaPOST** — ARINDAM GANGULY, OP Bhubaneswar: Odisha has secured investment proposals worth Rs 53,893.51 crore with the potential to generate 20,210 jobs during India Chem 2026 in Mumbai, Chief Minister Mohan Charan Majhi said Friday. Majhi, who led the state’s delegation to the event, announced after arriving at the Biju Patnaik International Airport here from Mumbai. “During […] — [Source](https://www.orissapost.com/odisha-attracts-rs-53894-crore-investment-proposals-at-india-chem-2026/)
- 2026-10-23 — Times of India: **NLCIL signs MoUs with IPICOL for ₹37,000cr projects in Odisha | Chennai News - The Times of India** — NLC India signs MoUs with Odisha’s IPICOL for ₹37,000 crore projects: 3,200 MW thermal plant, coal gasification-fertiliser linkages, and beach sand minerals unit. — [Source](https://timesofindia.indiatimes.com/city/chennai/nlcil-signs-mous-with-ipicol-for-37000cr-projects-in-odisha/articleshow/135150668.cms)
- 2026-10-23 — The Hindu: **NLC India Limited signs MoU with Odisha for establishment of 3200 MW ultra super-critical coal-based power plant** — NLCIL signs MoUs in Odisha for a 3200 MW ultra super-critical coal plant, coal gasification, fertilizer linkage, and beach sand mineral project. — [Source](https://www.thehindu.com/news/national/tamil-nadu/nlc-india-limited-signs-mou-with-odisha-for-establishment-of-3200-mw-ultra-super-critical-coal-based-power-plant/article71614780.ece)
- 2026-10-23 — BUSINESSTODAY: **GIFT Nifty up 133 points; Infosys, Swiggy, BSE, Cyient, Zetwerk, Tonbo among top stocks in focus** — Indian equity markets are set for a positive start on Friday but sustaining the gains will be a challenge after a three-day sell-off ahead of the weekend. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/gift-nifty-up-133-points-infosys-swiggy-bse-cyient-zetwerk-tonbo-among-top-stocks-in-focus-563181-2026-10-23)
- 2026-10-23 — Economic Times: **Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India** — Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline, with analysts pointing out critical resistance and support points. Numerous companies disclosed their financial results, showcasing a mix of profits and setbacks for the September quarter. As various firms prepare to announce their quarterly earnings, market participants should remain vigilant over the coming days. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-swiggy-infosys-hpcl-emudhra-adani-power-shriram-finance-tata-motors-and-nlc-india/articleshow/135123918.cms)
- 2026-10-22 — The Hindu: **NLC India plans ₹35,000-crore thermal power plant in Odisha** — NLC India plans a ₹35,000-crore, 3,200 MW coal-fired power plant in Odisha and will explore coal gasification for fertilisers and beach sand mineral processing. — [Source](https://www.thehindubusinessline.com/news/national/nlc-india-plans-35000-crore-odisha-power-plant-explores-coal-gasification-and-mineral-processing/article71613204.ece)
- 2026-10-14 — The Hindu: **NLC to set up BESS projects at multiple locations in West Bengal** — NIRL to deploy 50 MW/200 MWh standalone BESS at Arambag and Hooghly, WB, after winning WBSEDCL bid. — [Source](https://www.thehindubusinessline.com/news/nlc-to-set-up-bess-projects-at-multiple-locations-in-west-bengal/article71584259.ece)
- 2026-10-06 — The Hindu: **NLC India Limited gets new Director for Power** — Chaitanya Prakash assumes Director (Power) role at NLC India Limited, bringing strategic ops expertise from DVC and GVREL ventures. — [Source](https://www.thehindu.com/news/national/tamil-nadu/nlc-india-limited-gets-new-director-for-power/article71550110.ece)
- 2026-09-30 — BUSINESSTODAY: **GIFT Nifty down 81 points; Gland Pharma, Tata Steel, Adroit, Elevate, SAIL among top stocks in focus** — Stocks in news, Stocks in buzz, Stocks to watch, Stocks to buy, GIFT Nifty, GIFT Nifty cues, GIFT Nifty signals, GIFT Nifty today, Gland Pharma, Tata Steel, Elevate Campuses, SAIL, Power Mech Projects, ArMee Infotech, Avalon Tech, Swastika Infra, Adroit Industries, NTPC Green Energy, NLC India, Juniper Green Energy, KSB, ArisInfra Solutions, Inox Green, Ganesh Benzoplast — [Source](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-81-points-gland-pharma-tata-steel-adroit-elevate-sail-among-top-stocks-in-focus-558653-2026-09-30)
- 2026-09-30 — Mint: **Top stocks to watch today: KPI Green, Tata Steel, NLC, NALCO shares in focus on Wednesday, 30 September | Full list** — Top stocks to watch today: KPI Green, Tata Steel, Inox Green, Urban Company, Poonwalla Fincorp are among the shares which will remain in focus on Wednesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-kpi-green-tata-steel-nlc-nalco-shares-in-focus-on-wednesday-30-september-full-list-11790731759782.html)
- 2026-09-29 — CNBC-TV18: **Stocks to watch for September 30: Tata Steel, KPI Green Energy, Arisinfra Solutions and more** — From Tata Steel receiving a favourable ITAT order to KPI Green Energy securing a work order worth around ₹2,025 crore, here are the stocks to track ahead of Wednesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-30-tata-steel-kpi-green-energy-arisinfra-solutions-and-more-20001060.htm)
- 2026-09-29 — CNBC-TV18: **NLC India, NALCO to set up 1,080 MW captive power plant in 50:50 JV** — The thermal power project will be developed in four 270 MW units to meet NALCO’s captive power needs. — [Source](https://www.cnbctv18.com/market/nlc-india-nalco-to-set-up-1080-mw-captive-power-plant-in-5050-jv-20001063.htm)

## Business profile

**Strategic vision:** Mines lignite and generates electricity from multiple sources.

### Business segments
- **Lignite Mining:** Operates opencast lignite mines across various locations in India.
- **Power Generation:** Produces electricity through lignite, coal, and renewable energy sources like wind and solar.
- **Renewable Energy Projects:** Develops green energy projects through joint ventures, such as the initiative in Assam.

### Competitive strengths
- Government of India Enterprise status
- Operational presence across multiple states in India
- Integrated mining and power generation infrastructure

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/nlcindia
Markdown representation: https://faxioms.com/stocks/nlcindia?render=md