NLC India Limited has informed the Exchange about General Updates
NLCINDIA · price
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NLC India Limited (NLCIL) has incorporated a joint venture company called 'NLC Rajasthan Power Limited' in partnership with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL). The equity participation is in a 74:26 ratio, with NLCIL holding the majority stake. The Certificate of Incorporation was issued by the Ministry of Corporate Affairs on 2nd June 2025. The JV will focus on developing, operating, and maintaining lignite mines and lignite-based thermal power stations. Government approvals from the Ministry of Coal and DIPAM were obtained on 24th April 2025. Equity shares will be subscribed at face value of Rs. 10 each by way of cash.
This expansion strengthens NLC India's presence in thermal power and mining, aligning with its core business. The partnership with a state utility (RVUNL) provides secured offtake and regional access in Rajasthan, potentially boosting future revenue, though actual financial impact will depend on project execution.