NLC India Ltd News Today

The board approved the stated proposal in its meeting held on March 10, 2025.

This is a noteworthy development because it is the first fossil fuel-based thermal power plant to be commissioned in India this fiscal year.

It further stated that a formal notification recognizing the business as the victorious bidder is expected shortly.

The eleventh round of auction saw the sale of nine blocks in total. Five coal mines were auctioned on the first day.

Letters of Comfort were approved for four subsidiaries — NIRL, NLC India Green Energy Ltd, Neyveli Uttar Pradesh Power Ltd, and NLC Tamil Nadu Power Ltd — to facilitate their borrowing needs.

NLCIL will appoint four directors to the joint venture companies, and RVUNL will appoint two directors.

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NLCIL's solar project is expected to create approximately 1,300 Crore units of green power and offset 90 lakh tonnes of carbon emissions.

Here are some of the stocks that may see significant price movement today: Reliance Industries, IndiGo, PB Fintech, etc.