NLC India Limited (NLCIL), a Navratna Central Public Sector Enterprise under the Ministry of Coal, Government of India, has been conferred with the prestigious SKOCH Gold Award for Outstanding Financial Performance at the 105th SKOCH Summit, held on 10th January 2026. The Summit was organised on the theme “Governing Viksit Bharat”, recognising institutions that exemplify governance excellence, financial prudence and impactful nation-building.
The SKOCH Gold Award recognises NLC India Limited’s consistent financial performance, disciplined capital allocation and resilient business strategy, achieved in a period marked by sectoral transition and market volatility. The recognition underscores the Company’s ability to deliver strong financial outcomes while simultaneously undertaking a calibrated transformation towards a diversified and sustainable energy portfolio.
The SKOCH Gold Award is a proud recognition of NLC India Limited’s unwavering commitment to financial discipline, transparency and long-term value creation. Our journey is guided by a balanced approach – strengthening legacy assets while systematically building future-ready capabilities in renewable and green energy. This recognition reinforces our resolve to contribute meaningfully to India’s vision of Viksit Bharat through responsible growth, operational excellence and sustainable energy solutions.
Prasanna Kumar Motupalli Chairman and Managing Director, NLC India Limited
Strong Asset Base
As of 30th September 2025, NLC India Limited reported a total asset base of ₹60,943 crore and a net worth of ₹23,279 crore, reflecting the scale, strength and sustainability of its operations. With the Government of India holding 72% equity, NLCIL continues to play a strategic role in strengthening the country’s energy infrastructure.
During FY 2024-25, NLCIL demonstrated notable financial resilience through improved operational efficiencies, optimised generation planning, mitigation of power surrender risks and stringent cost controls across projects. These initiatives resulted in stable cash flows, improved profitability and enhanced returns on capital, reinforcing the Company’s reputation for sound financial governance.
Established in 1956, NLC India Limited has evolved from a lignite-centric utility into a diversified energy major with a pan-India footprint, operating across Tamil Nadu, Uttar Pradesh, Rajasthan, Odisha, Jharkhand, Gujarat and Assam. Its operations span lignite and coal mining, thermal power generation, renewable energy projects and emerging green energy domains.
Growth Acceleration
A key milestone in this journey has been the structured expansion of renewable energy capacity through NLC India Renewables Limited (NIRL), the Company’s wholly owned subsidiary, which has enabled consolidation and rapid scaling of green assets. NLCIL’s renewable installed capacity has reached 1,589 MW, complementing its 5,300 MW of thermal power capacity. In parallel, NLC India Green Energy Limited (NIGEL) is driving initiatives in sustainability-led and future energy technologies.
NLCIL’s growth has been further strengthened through strategic joint ventures with State utilities and public sector entities, enabling accelerated project execution, regional integration and effective risk sharing. These partnerships have played a pivotal role in expanding both conventional and renewable energy capacities, contributing to national energy security.
Alongside its accelerated push towards clean energy, NLC India Limited has continued to strengthen its coal mining portfolio to ensure long-term fuel security. The commissioning and expansion of the Talabira II and III open-cast coal projects, together with the development of the Machhakata and Patrapara coal blocks, represent significant milestones in enhancing domestic fuel availability for thermal power generation. These initiatives have not only reinforced the Company’s mining capabilities beyond lignite but have also supported reliability and stability in power supply. In parallel, NLCIL has pursued a calibrated approach to capacity modernisation through commissioning of new power units, expansion of mining capacities and phased retirement of older and less efficient thermal assets.
Financial Discipline
During FY 2024-25, NLC India Limited demonstrated strong financial discipline and resilience amid a challenging operating environment. The Company achieved revenue growth, improved profitability and stable cash flows through disciplined capital allocation, optimised generation planning, mitigation of power surrender risks and stringent control over project costs. At the same time, NLCIL has strategically positioned itself for the future by identifying growth opportunities in battery energy storage systems, green hydrogen, carbon capture, pumped storage, electric vehicle charging infrastructure and critical minerals. By managing transition with stability rather than disruption, NLCIL has adopted a deliberate, risk-balanced approach that sustains legacy assets while systematically building capabilities across emerging energy domains and geographies.
The award is a testament to NLC India Limited’s ability to manage energy transition with stability rather than disruption, ensuring continuity, financial prudence and strategic foresight. The recognition further motivates the Company to continue playing a vital role in India’s economic growth, energy security and sustainable development.
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