In Short : NLC India aims to quadruple its renewable energy capacity by 2030. This ambitious target reflects the company’s commitment to expanding its clean energy footprint and supporting India’s transition to sustainable power sources.
In Detail : The company has set a revenue target of ₹15,000 crore for the year, with margins expected to be in the mid-30s.
Tamil Nadu-based NLC India, a public sector company engaged in lignite mining and power generation, plans to quadruple its renewable energy capacity by 2030.
NLC currently has a renewable capacity of 1.4 gigawatt (GW), encompassing both solar and wind energy.
Prasanna Kumar Motupalli, CMD of NLC India said the company has already initiated projects to add 2 GW of renewable capacity.
These projects include 600 megawatt (MW) in Gujarat, 800 MW in Rajasthan, and a combination of 50 MW of wind and another 300 MW of solar power in Gujarat.
NLC India has also established a wholly-owned subsidiary, NLP India Renewable Energy, to handle the asset monetisation of its renewable assets.
“We are in the process of transferring these assets of 1.4 GW to that subsidiary. Subsequently, it will be monetised, likely by Q4FY25 (January-March 2025) or Q1FY26 (April-June 2025),” Motupalli explained.
According to NLC India’s April-June 2025 business update, lignite production grew 22% year-on-year (YoY) to 61.72 lakh tonne compared to 50.54 lakh tonne.
Coal production rose by 35% YoY, up from 21.04 lakh tonne to 28.46 lakh tonne. Gross power generation jumped 10% over last year.
The company has a revenue target of ₹15,000 crore for the year, with margins expected to be in mid-30s.
Motupalli noted that the upcoming Ghatampur Thermal Power Station, scheduled to be commissioned within the current financial year, will enhance the company’s regulated equity from ₹9,000 crore to nearly ₹12,000 crore.
With further additions in mines and power generation capacity, NLC India aims to achieve a regulatory equity of ₹23,500 crore by 2030.
NLC India’s current market capitalisation is ₹36,052.55 crore. Its shares have gained 136% over the last year.
