NLC India plans to sell up to **10 crore shares** in its renewable energy division through an initial public offering (IPO). The move accompanies a **₹2,500 crore debt fundraising effort**, even as the company reports a **second-quarter profit decline**. The IPO targets expansion in India’s growing clean energy sector.
NLC India is reassessing its coal gasification initiatives while advancing a ₹50,000 crore renewable energy expansion. The company evaluates lignite-based projects and commissions detailed project reports (DPRs) through consultants to assess feasibility.
NLC India is developing a ₹35,000-crore, 3,200 MW coal-fired thermal power plant in Odisha. The company also plans to explore coal gasification for fertilizer production and beach sand mineral processing as part of its expansion.
NLC India secures ₹500 crore through commercial paper issuance to fund its ₹1.25 lakh crore capacity expansion initiative targeting completion by 2030. The funds will support infrastructure and operational growth under the company’s long-term strategic plan.
