Power Generation Company receives an order from Solar Energy Corporation of India

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Power Generation Company receives an order from Solar Energy Corporation of India

The stock is up by 43 per cent from its 52-week low of Rs 185.85 per share and has given multibagger returns of 260 per cent in 3 years.

NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited, has achieved a major milestone by securing a Letter of Award from the Solar Energy Corporation of India Limited (SECI). This domestic contract involves setting up a massive 600 MW solar project coupled with a 300 MW/1800 MWh Energy Storage System (ESS). Formally accepted on February 03, 2026, the project was won through a tariff-based competitive bidding process. It represents a significant portion of SECI’s larger 1200 MW renewable and storage initiative, marking a substantial expansion of NLC India’s footprint in the clean energy sector.

The terms of the agreement mandate the supply of generated power for a duration of 25 years under a Power Purchase Agreement (PPA). The project is scheduled for completion within 24 months from the effective date of the PPA, ensuring a rapid transition toward operational status. By integrating large-scale energy storage, this project aims to provide a more stable and reliable supply of renewable energy to the national grid. This strategic win underscores NLC India's commitment to India's energy transition goals and its evolving role as a leader in sustainable power generation.

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About the Company

NLC India Ltd is a government-owned company in India primarily involved in lignite mining and thermal power generation. It operates mines in Tamil Nadu and Rajasthan, using lignite to produce electricity. This power is then sold to various states in India, including Tamil Nadu, Rajasthan, Andhra Pradesh, Kerala, Karnataka and Puducherry. As a Navratna company, NLC India holds a significant position in the Indian energy sector.

The company has a market cap of over Rs 36,000 crore and has been maintaining a healthy dividend payout of 24.4 per cent. The stock is up by 43 per cent from its 52-week low of Rs 185.85 per share and has given multibagger returns of 260 per cent in 3 years.

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Disclaimer: The article is for informational purposes only and not investment advice.