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NLC India Secures Rs 500 Crore Through Commercial Papers for Massive Expansion
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News18•23-09-2026, 14:45
NLC India Secures Rs 500 Crore Through Commercial Papers for Massive Expansion
- •NLC India Ltd raised Rs 500 crore by issuing 10,000 commercial papers, each with a face value of Rs 500,000, on September 22.
- •The state-owned company plans to invest Rs 1.25 lakh crore by 2030 to significantly expand its capacity across mining and power generation.
- •NLCIL, a Navratna public-sector enterprise, aims to increase its total mining capacity to 104.35 MTPA by 2030 and 115.85 MTPA by 2047 to reduce coal import dependence.
- •The company is accelerating its clean-energy transition through NLC India Renewables Limited (NIRL), targeting over 10 GW of renewable energy capacity by 2030 and 32.7 GW by 2047.
- •This expansion is expected to boost clean energy's share to 50% of NLCIL’s overall generation mix ahead of schedule, supporting India’s growing electricity needs sustainably.
Key Questions Answered
NLC India raised Rs 500 crore through the issuance of 10,000 commercial papers with a face value of Rs 500,000 each on September 22, 2026.
NLC India plans to invest Rs 1.25 lakh crore by 2030 to expand its operational capacity, scale up its mining operations, and increase its renewable energy capacity.
NLC India's green subsidiary, NLC India Renewables Limited, aims to expand its operational renewable energy capacity from 1.8 GW to more than 10 GW by 2030, and further to 32.7 GW by 2047.
