Power Generation Company Secures 450 MW Wind-Solar Hybrid Power Project from NTPC Limited
The stock is up by 23.6 per cent from its 52-week low of Rs 185.85 per share and has given multibagger returns of 370 per cent in 5 years.
On June 28, 2025, NLC India Limited announced that it received a Letter of Award (LoA) from NTPC Limited on June 27, 2025. This LoA is for the establishment of a 450 MW ISTS (Inter-State Transmission System) connected Wind-Solar Hybrid Power Project. NLC India Limited will also be responsible for supplying the hybrid power generated from this project to NTPC Limited. The project involves setting up the 450 MW Wind-Solar Hybrid Power project and supplying the generated power to NTPC Limited for a period of 25 years under a Power Purchase Agreement (PPA). The project will be developed at two locations: 300 MW in Bikaner, Rajasthan, and 150 MW in Bhuj, Gujarat. The Scheduled Commencement of Supply Date (SCSD) for the full project capacity is within 24 months from the effective date of the PPA.
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About Company
NLC India Limited is a "Navratna" Government of India Enterprise primarily engaged in the business of mining lignite and generating power using lignite, as well as renewable energy sources. The company plays a crucial role in India's power sector, contributing to energy security through its thermal power plants and expanding its footprint in green energy projects like wind and solar.
The company has a market cap of over Rs 30,000 crore and has been maintaining a healthy dividend payout of 24.4 per cent. The stock is up by 23.6 per cent from its 52-week low of Rs 185.85 per share and has given multibagger returns of 370 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.