NLC India Powers Ahead: New Rajasthan JV, Robust Q4 Profits, and Dividend Delight

NLC India Limited has announced a series of strategic and financial milestones, underscoring its expanding role in India’s energy sector and rewarding shareholders with strong results and dividends.

 

Strategic Joint Venture with RVUNL:

NLC India has inked a major joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) to establish a 3x125 MW lignite-based thermal power station in Rajasthan. The JV will also develop lignite mines to secure fuel supply for the plant. NLC India will hold a 74% stake, while RVUNL will hold 26%, reflecting NLC’s leadership in the partnership. This move is part of a dual strategy, with another JV targeting 2,000 MW of renewable energy projects in the state, positioning NLC India at the forefront of both conventional and green power expansion.

 

Strong Financial Performance in March Quarter:

For the quarter ended March 2025, NLC India reported consolidated revenue from operations of ₹38.36 billion, demonstrating its robust operational scale. The company posted a consolidated net profit of ₹4.82 billion, highlighting effective cost management and improved margins.

 

Dividend Announcement:

The board has declared an interim dividend of ₹1.5 per share for FY25, with the record date set for February 7, 2025, and payment scheduled on or before March 4, 2025. This continues NLC’s track record of consistent shareholder rewards, supported by healthy cash flows and profitability.

 

Market Response:

The announcements have been well-received, with NLC India’s shares rallying as investors responded positively to both the JV news and the strong quarterly results.

 

Sources: Energetica India, Moneycontrol, Business Standard