NLC India Share Price Surges 15% Following Release of Fourth-Quarter Results

NLC India Shares Surge 15% Amid Strong Earnings and Renewed Growth Plans

On Thursday, 14 May, NLC India's share price experienced a significant jump of nearly 15% following the company's report of a substantial increase in earnings for the March quarter. The PSU's consolidated net profit rose sharply by nearly threefold to ₹1,393.46 crore, compared to ₹481.96 crore in the year-ago period.

According to a filing with the BSE, NLC India's total income increased to ₹5,197.22 crore, a rise from ₹3,971.90 crore in the previous year. Concurrently, total expenses also grew to ₹4,327.14 crore, up from ₹3,880.46 crore in the same period last year.

The company's board has sanctioned a final dividend of 2.5% for FY26, pending approval from the CAG audit and shareholders at the forthcoming AGM. NLC India Ltd operates as a public sector company focused on lignite mining and power generation, with an increasing involvement in renewable energy and coal mining both within India and internationally.

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In recent developments, the company has obtained in-principle approval from the Ministry of Coal for the mining and mine closure plan for the New Patrapara South coal mine. Additionally, the Coal Controller Organisation has authorised the revised mining plan for the Machhakata open-cast project.

Furthermore, the company's subsidiary, NLC India Renewables Ltd (NIRL), has received a Letter of Award from SECI to develop 600 MW of solar capacity paired with a 300 MW/1800 MWh energy storage system. In line with asset monetisation efforts, 1.4 GW of operational renewable assets have been handed over to NIRL. The government has also permitted the listing of NIRL through a public offering and approved a joint venture with NCRTC to establish 100 MW of renewable projects in Uttar Pradesh.

NLC India's share price opened at an intraday low of ₹346.40 apiece on the BSE, touching an intraday high of ₹375.10 per share. Analysts note that the company's price action remains constructive, with higher lows intact and momentum gradually strengthening following consolidation. The alignment of moving averages beneath the price is acting as a launchpad for the next leg higher, with the stock now seen heading toward the 399 zone as the first target from the long-term breakout.

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