NLC India Ltd
NSE: NLCINDIA BSE: 513683
₹247.68
+17.37 (7.54%)
Thu, 05 Nov 2026, 08:48 pm
Market Cap (in Cr)31913.44
PE Ratio10.70
Dividend1.67
Utilities
Electric Utilities
24.5KNLC India Ltd Company History
1956
- Incorporated as private limited company on 14 November by Government of India.
- Undertakes lignite mining/processing, power generation/distribution, fertiliser/chemicals manufacture, lignite briquetting/carbonisation, clay processing.
- Main products: lignite, electric power, urea, leco, coke fines, nekolin, pulverised nekolin.
1978
- Received sanction in February for second TPS with three 210 MW units.
1979
- Issued 17,65,509 shares for cash, 6,01,500 by converting government loan to equity, 43,733 without payment.
1983
- Appointed Rheinbraun as technical consultants for expansion project.
- Appointed DCPL as Indian consultants and Lahmeyer International for lignite firing and tender scrutiny.
1985
- Issued LoIs in December for 3x1400 litre BWEs, 3x700 litre BWEs, 400 mm and 2000 mm conveyors; LoI for spreader in May 1986.
- Issued 2,23,500 equity shares for cash.
1986
- Converted to public limited company on 7 March.
- Submitted supplementary feasibility report for first mine expansion and 2x210 MW power station.
- Commissioned Unit-II.
- Entered contract with EIL and GMDC for Panandhro mine expansion monitoring.
- Issued 5,00,000 14% 'A' series secured redeemable non-convertible bonds of Rs 1000 each.
- Issued 6,72,000 equity shares for cash.
1987
- Commissioned Unit-I.
- Commissioned 400 KV transmission system: Neyveli-Chennai and Neyveli-Pondicherry lines with substations.
- Issued 8,50,000 9% tax-free and 13% taxable 'B' series bonds Rs 85 crores; additional 38,274 bonds.
- Issued 11,33,100 equity shares for cash.
1988
- Entered agreement with ICB for techno-feasibility report for urea plant revamp.
- Issued 'C' series bonds Rs 200 crores and 'D' series Rs 120 crores on private placement.
- Proposed 'E' series bonds Rs 400 crores.
- Issued 16,16,900 equity shares for cash.
1989
- Issued 29,10,000 equity shares for cash.
1990
- Erected and commissioned four ESPs in TPS-I.
- Issued 9,80,000 equity shares for cash.
1991
- Fertiliser plant shut down for 20 days turnaround and 5 days strike, plus power failures.
- Commissioned 170 km Neyveli-Salem 400 KV second circuit and 315 MVA transformer at Udamalpet.
- Disinvested and transferred shares worth Rs 71,791.30 crores to financial institutions, listed on Chennai, Mumbai, Delhi, Ahmedabad exchanges.
- Sub-divided equity shares.
- Issued 152,00,000 equity shares for cash.
1992
- Disinvested shares worth Rs 104.37 crores (7.27% of paid-up capital).
- Issued 511,57,500 equity shares for cash.
1993
- Signed contract with PDIL Sindri for efficient treatment plant at fertilizer factory.
- Initiated modernisation of instrument system, revamp study, and planned separate Nitrogen plant with Lurgi as consultants.
- Disinvested 717,91,300 equity shares at Rs 11.46 average price.
- Received permission for 250 MW lignite-based TPS.
- Issued 964,32,500 equity shares for cash.
1994
- Issued 833,70,000 equity shares for cash.
1995
- Commissioned two ESPs in Boiler-4 and 7A.
1996
- Released BWE for rejuvenation on 6 October.
- Production affected by power failures, gasifier issues, and plant breakdowns.
- Placed orders for replacement of three ammonia converters with single improved converter.
- Received sanction for addition of 2x210 MW units in TPS-I.
1997
- Entered loan agreement for DM 375.20 million with KFW.
1998
- Exceeded targets for power generation, export, coke production, and OB removal in May.
- Issued LoI to Ansaldo on 11 August.
- Planned equity stake in 250 MW lignite-based project at Srimushnam by Ticapco.
- Planned to add two 210 MW units to TPS-I.
1999
- Entered agreement with ST-CMS for 250 MW TPS and lignite supply.
- Continued supply of 5 million units/day to Karnataka.
- Proposed JV with NTPC for 1200-1500 MW lignite-based plant unlikely to materialise.
2000
- Two power stations bagged meritorious productivity award for 1997-98.
- Confirmed reduction in share capital from Rs 17,96,78,42,000 to Rs 16,77,70,96,000 for transfer of power transmission to Power Grid Corporation.
- Entered JV with China for lignite mining project.
- Recommissioned and synchronized eighth unit of first TPS with Tamil Nadu grid.
2001
- PFC committed Rs 1000 crore loan for Mine-II and TPS-II expansion.
2002
- Earned Rs 950 crore profit in 2001-2002.
- Signed MoU with Rajasthan government for lignite-based TPS at Barsingsar.
- S Jayaraman took over as CMD.
- Fire broke out at lignite transfer system at TPS-II.
- Unveiled first 210 MW unit of TPS-I and fourth OB system of Mine-1A.
2003
- Entered MOU with Tamil Nadu Electricity Board for 100 MW TPS at Tuticorin.
- Delisted equity shares from Madras, Delhi, and Ahmedabad Stock Exchanges.
- Received statutory clearances for Mine II expansion to 15 million tonnes per annum.
- Appointed V K Pandit, R Vijayaraghavan, P K Sengupta, D Babu Paul, Deepak Singh, Shailendra P Singh, Sunil Bhargava as Non Official Part Time Directors.
- A R Ansari assumed charge as Director (Planning & Projects).
- K Skandan relinquished as Part Time Official Director.
2004
- Delisted equity shares from Ahmedabad Stock Exchange.
- Bagged ISO quality certification.
- Tied up with ONGC.
2005
- Entered MoU with Rural Electrification Corporation for funds up to Rs 2500 crore.
- Entered JV with TNEB.
- Appointed D Rajendran IAS as Additional Director.
2006
- Appointed S P Seth as part-time Official Director.
2007
- Appointed Y N Appa Rao, Shashi Kumar, Dr. Krishna Kumar, Ravindra Sharma, S Rammohan, P K Choudhury, S Sadagopan as Additional Directors.
2009
- Appointed R Kandasamy as Additional Director.
- Appointed K. Sekar as Director (Finance) and Additional Director.
2010
- Inducted Sanjay Govind Dhande as Additional Director.
2011
- Achieved 18 billion units of power generation.
- Appointed L.U. Krishnan & Co. and Sreedhar, Suresh & Rajagopalan as Joint Statutory Auditors.
2012
- Signed MoU for JV with UPRVUNL.
- Appointed Vikram Kapur IAS as Part-time Official Director.
2013
- Declared final dividend at 10%.
2014
- Declared final dividend at 18%.
2015
- Unit I of NLC Tamilnadu Power Limited test synchronized with grid.
- Signed MoU with Kobe Steel.
- Unit II (250 MW) of TPS-II Expansion Project at Neyveli.
- Inaugurated 10 MW Solar Power Project at Neyveli.
2016
- Shifted registered office to First Floor, No.8, Mayor Sathyamurthy Road, Chetpet, Chennai.
- Changed name to NLC India Ltd. and stock symbol to NLCINDIA.
2017
- Received three National Awards from PRSI: Best Corporate Film (1st), Best PSU Implementing RTI (1st), Best CSR Project for Women's Development (3rd).
- Bagged Coveted Brand Building through Inclusive Growth Initiatives Award from SCOPE.
- Received National Award for Best HR Practices from NIPM.
- Received National Award for Excellence in Cost Management 2016 from Institute of Cost Accountants of India.
- Received Best Enterprise Award 2016 from Central Apex Forum of WIPS.
- Received Special Award from Excise Department for top performer in Excise Duty payment.
2018
- Won Apex India CSR Excellence Award for outstanding CSR achievement.
- Set up 130 MW Solar Power Project at Neyveli.
2019
- Commissioned entire 500 MW solar PV power projects in Tamil Nadu.
- Awarded Best Sustainable Technology Provider of the Year.
2021
- Awarded Platinum Award in 10th Exceed Environment Awards by Corporate Environment Cell.
2022
- NLC India, BHEL, and CIL signed MoU for coal gasification projects.
- Inked MoU with Assam Power Distribution Company for 1000 MW renewable energy projects in Assam.
- Achieved record physical performance in FY 2021-22.
- Signed power purchase agreement with TANGEDCO for 1500 MW from Talabira thermal power project.
2024
- Entered JV agreement with Rajasthan for formation of two JVs for power capacity addition.
- Awarded contract to BHEL for thermal power project at Odisha.
