NCL Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on April 13, 2026.
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NCL Industries' board approved Phase 1 of a 130 MW Solar and Wind Power Project in Tuticorin, Tamil Nadu, with CTUIL granting final transmission connectivity. Phase 1 involves 50 MW at an estimated cost of Rs. 392 crores, while the full project will cost Rs. 919 crores, funded through debt and internal accruals. The project is scheduled for commissioning by February 2028 and aims to meet captive power needs and sell power via exchanges and third-party PPAs. Separately, the board reviewed an NSE fine notice and its rejected waiver application, advising stricter adherence to SEBI regulations.
The renewable energy expansion signals NCL Industries' strategic shift toward clean energy, potentially reducing long-term power costs and creating new revenue streams. The NSE fine matter, though already addressed, highlights past compliance concerns that investors should monitor.