NLC India bags phosphorite and limestone block in Chhattisgarh

28 May 2025 , 02:30 PM

NLC India’s shares witnessed as much as 3% surge in their morning session on May 28, 2025. The counter touched an intraday high of ₹246.35.

This development comes after the business informed the bourses that it has been chosen as the preferred bidder for a phosphorite and limestone block in Chhattisgarh.

At around 2.09 PM, NLC India was trading 1.41% higher at ₹241.79, against the previous close of ₹238.43 on NSE.

In its filing with the exchanges, the business announced that it has been declared as the preferred bidder for Semhardih Phosphorite and Limestone Block Raipura Phosphorite and Limestone Block of Balod, Chhattisgarh. This followed a critical and strategic mineral block e-auction held by the Ministry of Mines held between May 15 & May 16, 2025.

Earlier in May, the public sector enterprise entered into a power purchase agreement. It was for an 810 MW solar project in Rajasthan. As per the terms of agreement, the Tamil-Nadu based company inked a Power Purchase Agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL).

Additionally, the business also signed an agreement with IREL (India) Limited.

The business posted a 323% year-on-year growth in its net profit for the quarter ended March 2025 at ₹482 Crore. In the previous corresponding period, the business posted a net profit of ₹114 Crore.

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