NLC India shares gained after being named the preferred bidder for two critical mineral blocks in Chhattisgarh. Backed by strong quarterly results and improved annual performance, the company continues expanding its presence in the mining and power generation sectors.
On Wednesday, May 28, the share price of NLC India jumped over 3.3% to an intraday high of ₹246.35. As of 12:01 PM IST, the stock was trading at ₹243.41, up by 2.09%. On a year-to-date basis, the stock is up by 1.08% while in the last 12 months it surged by 6.36%. In the last 3 months, it has given returns of 15.47%. The stock is seen buzzing on the bourses after it was declared the preferred bidder for two critical mineral blocks in Chhattisgarh.
NLC India Limited, a 'Navratna' Government of India Enterprise, announced that it has been declared the preferred bidder for critical and strategic mineral blocks. This achievement stems from the e-auction conducted by the Ministry of Mines, Government of India.
The company emerged as the preferred bidder for the Semhardih Phosphorite and Limestone Block and the Raipura Phosphorite and Limestone Block. Both blocks are located in Balod, Chhattisgarh, and were part of the critical and strategic mineral blocks e-auction held on May 15 and May 16, 2025.
In the March 2025 quarter, the company reported revenue from operations of ₹3,836 crore, marking a year-on-year growth of 8.34% compared to ₹3,540.64 crore in March 2024. Profit after tax saw a significant surge of 311.67%, rising to ₹468.36 crore from ₹113.77 crore in the same quarter of the previous year.
For the full financial year ended March 2025, revenue from operations stood at ₹15,282.96 crore, reflecting an annual growth of 17.55% over ₹13,001.33 crore recorded in FY24. Profit after tax also rose sharply by 45.31%, increasing to ₹2,713.37 crore from ₹1,867.32 crore in the previous fiscal year.
NLC India is engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy Sources. The company is a Navratna Government corporation engaged in the fossil fuel mining sector and the thermal power generation business under the ownership of the Ministry of Coal, Government of India.
Disclaimer: The article is for informational purposes only and not investment advice.
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