NLC India Limited recorded historic physical and financial results for the year ended March 2026, posting all-time highs in production and generation. The company reported coal production of 19.14 million (mn) tonnes (t) and coal dispatch of 17.69 mn t, and renewable generation of 2.26 billion (bn) units. Capacity additions totalled 1,013 megawatt (MW), including thermal capacity of 660 MW and renewable additions of 303 MW. Capital expenditure exceeded Rs.91,310 mn.

On a standalone basis revenue from operations rose to Rs.108,640 mn from Rs.102,860 mn, a growth of 5.62 per cent, while profit after tax stood at Rs.25,250 mn, up 32.90 per cent. Earnings before interest, taxes, depreciation and amortisation amounted to Rs.50,060 mn, a rise of 4.54 per cent. Net worth reached Rs.192,700 mn, an increase of 10.33 per cent. The board declared an interim dividend of 36 per cent, amounting to Rs.3.60 per share, and recommended a final dividend of 2.50 per cent subject to shareholder approval.

At group level gross power generation reached 28.95 billion (bn) units in the year, including renewable generation of 2.26 bn units. Group revenue from operations rose to Rs.174,900 mn from Rs.152,830 mn, a growth of 14.44 per cent, while group profit after tax surged to Rs.37,690 mn, up 38.91 per cent. Group earnings before interest, taxes, depreciation and amortisation stood at Rs.74,750 mn, a rise of 14.78 per cent, and group net worth increased to Rs.215,250 mn, up 14.96 per cent.

The company commenced production at Pachwara South mine and secured approvals for mining plans and revised mine closure plans. NLC received a letter of award from the Solar Energy Corporation of India for development of 600 MW capacity with 300 MW/1,800 MWh energy storage, transferred seven operational renewable assets totalling one point four gigawatt (GW) to its renewables arm and obtained approvals for listing and disinvestment. External commercial borrowings of Euros 100 mn were tied up and the share price hit an all-time high of Rs.336.50, taking market capitalisation to Rs.466,600 mn with collection efficiency at 100 per cent.