Subsidiary NIRL wins 600 MW solar-storage project from SECI

Govt Defence OrderBusiness Updates View source PDF Explain this filing

NLCINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.8%Reaction day

₹252.00

prior close

₹254.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.6%+4.2% vs market

Power Generation peers, median of 27sector+2.4%+2.5% vs sector

On the reaction day the stock moved 4.2 pts more than Nifty Midcap 150 and 2.5 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

+0.1

15m

+0.5

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.8+0.6+4.2+2.4+2.5

Next day

+3.0+0.3+2.7+1.4+1.6

+1.9+0.3+1.6+0.1+1.7

+3.9+1.8+2.1+1.4+2.6

+2.1+2.2-0.1+2.6-0.5

+1.9+2.3-0.3+4.1-2.1

+2.6+0.1+2.5+1.8+0.8

15d

+4.4+0.4+4.0+1.8+2.6

-1.7-4.0+2.3-6.8+5.1

+8.7-8.1+16.9-2.2+10.9

+27.5+1.3+26.2+12.9+14.6

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NLC India's wholly owned subsidiary NLC India Renewables Limited (NIRL) received a Letter of Award from Solar Energy Corporation of India (SECI) to set up 600 MW solar coupled with 300 MW or 1800 MWh Energy Storage Systems, part of a larger 1200 MW or 3600 MWh capacity. Power supply will run 25 years under PPA, starting within 24 months of the PPA effective date. Project is domestic and unrelated to promoters.

Likely market impact

Positive — large government-backed renewable order strengthens 25-year revenue visibility for the renewable arm of the company.