NLCINDIA

May 7 (Reuters) - NLC India Ltd NLCI.NS:

• UNIT FORMS JV WITH ASSAM POWER DISTRIBUTION COMPANY

• NIRL HOLDS 51% IN JV COMPANY

Source text: ID:nBSE40kqVt

Further company coverage: NLCI.NS

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May 6 (Reuters) - NLC India Ltd NLCI.NS:

• MEMORANDUM OF UNDERSTANDING (MOU) WITH IREL (INDIA)

Source text: ID:nBSE78b4Qp

Further company coverage: NLCI.NS

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March 10 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA LTD - APPROVES EXTERNAL COMMERCIAL BORROWING UP TO USD 200 MILLION

Source text: ID:nBSE2ZKPpQ

Further company coverage: NLCI.NS

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Feb 4 (Reuters) - NLC India Ltd NLCI.NS:

• BAGS ITS THIRD COMMERCIAL COAL MINE - NEW PATRAPARA SOUTH AT ANGUL

• COAL MINE BLOCK IS HAVING TOTAL GEOLOGICAL RESERVE OF 720.87 MILLION TONNES

Source text: ID:nBSE8QW54n

Further company coverage: NLCI.NS

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Feb 3 (Reuters) - NLC India Ltd NLCI.NS:

• DEC-QUARTER CONSOL NET PROFIT 6.68 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 44.11 BILLION RUPEES

• TO BORROW TERM LOAN IN JPY EQUIVALENT TO USD 100 MILLION

• TO INVEST UP TO 11.10 BILLION RUPEES IN JV WITH RVUNL

• JV FOR DEVELOPMENT OF LIGNITE BASED THERMAL POWER STATION

Source text: [ID:]

Further company coverage: NLCI.NS

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Dec 12 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA LTD - BEGINS COMMERCIAL OPERATIONS OF 660 MW GHATAMPUR PLANT

Source text: ID:nBSE2X5b74

Further company coverage: NLCI.NS

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Dec 6 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA - DEVELOPMENT AND PRODUCTION AGREEMENT SIGNED FOR NEW PATRAPARA SOUTH COAL MINE IN ODISHA

Source text: ID:nBSE4TYTvN

Further company coverage: NLCI.NS

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Nov 22 (Reuters) - NLC India Ltd NLCI.NS:

• BAGS ITS THIRD COMMERCIAL COAL MINE - NEW PATRAPARA SOUTH AT ANGUL

• COAL MINE BLOCK HAS TOTAL GEOLOGICAL RESERVE OF 720.87 MILLION TONNES

Source text: [ID:]

Further company coverage: NLCI.NS

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Nov 19 (Reuters) - NLC India Ltd NLCI.NS:

• TO INVEST IN NLC INDIA RENEWABLES VIA SUBSCRIBING EQUITY SHARES

• TO INVEST UP TO 37.20 BILLION RUPEES

• TRANSFERRING OF RENEWABLE ASSETS TO NLC INDIA RENEWABLES UNDER ASSET MONETIZATION PLAN

Source text: ID:nBSE87S8gM

Further company coverage: NLCI.NS

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Oct 25 (Reuters) - NLC India Ltd NLCI.NS:

• SEPT-QUARTER CONSOL NET PROFIT 9.12 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 36.57 BILLION RUPEES

Source text for Eikon: ID:nNSE8rgqCz

Further company coverage: NLCI.NS

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Oct 23 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA - JV AGREEMENT FOR SETTING UP OF 3X125 MW LIGNITE BASED THERMAL POWER STATION IN RAJASTHAN

• NLC INDIA - UNIT SIGNS JV DEAL FOR DEVELOPING 2000 MW OF RENEWABLE POWER PROJECTS

• NLC INDIA - JV AGREEMENTS WITH RAJASTHAN RAJYA VIDYUT UTPADAN NIGAM

Source text for Eikon: ID:nBSE6YKNhK

Further company coverage: NLCI.NS

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Oct 22 (Reuters) - NLC India Ltd NLCI.NS:

• RAJASTHAN RAJYA VIDYUT PRASARAN NIGAM - APPROVED JV AGREEMENTS TO BE EXECUTED WITH NTPC, NLC INDIA

• RAJASTHAN RAJYA VIDYUT - AGREEMENTS FOR JOINTLY SETTING UP THERMAL, RENEWABLE ENERGY POWER PLANTS

Further company coverage: NLCI.NS

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Aug 29 (Reuters) - NLC India Ltd NLCI.NS:

• TO ENTER INTO JVA BETWEEN CO AND RAJASTHAN RAJYA VIDYUT UTPADAN NIGAM

• TO FORM A JOINT VENTURE CO WITH RVUNL VIA UNIT

Source text for Eikon: [ID:]

Further company coverage: NLCI.NS

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Aug 14 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA - ANALYSING FINANCIAL IMPACT OF TOP COURT'S ROYALTY ORDER ON MINING COMPANIES

Source text for Eikon: ID:nBSE49Vd0d

Further company coverage: NLCI.NS

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Aug 7 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA - APPROVED TO ENHANCE INVESTMENT LIMIT IN SHARES OF NUPPL TO 36.76 BILLION RUPEES

• NLC INDIA - APPROVED TO ENHANCE INVESTMENT LIMIT IN SHARES OF NIGEL TO 15 BILLION RUPEES

Further company coverage: NLCI.NS

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June 10 (Reuters) - NLC India Ltd NLCI.NS:

• APPROVED RAISING FOREIGN CURRENCY LOAN TO EXTENT OF 600 MILLION USD

• PRINCIPLE APPROVAL TO INVEST UP TO 9.95 BILLION RUPEES , IN UNIT NLC INDIA RENEWABLES

Further company coverage: NLCI.NS

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June 4 (Reuters) - NLC India Ltd NLCI.NS:

• TO CONSIDER RAISING FOREIGN CURRENCY LOAN THROUGH EXTERNAL COMMERCIAL BORROWINGS UPTO 600 MILLION USD

Source text for Eikon: [ID:]

Further company coverage: NLCI.NS

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May 15 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA - FINAL DIVIDEND OF 1.5 RUPEES PER SHARE

• INDIA'S NLC INDIA - MARCH-QUARTER CONSOL PROFIT 1.14 BILLION RUPEES VERSUS 8.37 BILLION RUPEES

• NLC INDIA- MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 35.41 BILLION RUPEES VERSUS 51.34 BILLION RUPEES

Source text for Eikon: ID:nNSE43pkjB

Further company coverage: NLCI.NS

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May 2 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA- IN MATTER OF DISPOSAL OF CO'S PLANT TO METRO MACHINERY TRADERS,ARBITRATOR AWARDED 1.25 BILLION RUPEES TILL DATE OF AWARDS

Source text for Eikon: ID:nBSE47vKMD

Further company coverage: NLCI.NS

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April 25 (Reuters) - NLC India Ltd NLCI.NS:

• UNIT, JV, UTTAR PRADESH RAJYA VIDYUT UTPADAN NIGAM IN PROCESS OF COMMISSIONING OF GHATAMPUR THERMAL POWER PLANT

• APPROVAL OF GOVT OF INDIA FOR IMPLEMENTATION OF PACHWARA SOUTH COAL BLOCK PROJECT BY NUPPL

• IMPLEMENTATION OF PACHWARA SOUTH COAL BLOCK AT ESTIMATED COST OF 22.43 BLN RUPEES

Source text for Eikon: ID:nBSE9njjDP

Further company coverage: NLCI.NS

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March 27 (Reuters) - NLC India Ltd NLCI.NS:

• NLC INDIA LTD - DEFERRED PROPOSAL TO RAISE FOREIGN CURRENCY LOAN THROUGH EXTERNAL COMMERCIAL BORROWINGS UPTO $600 MILLION

Source text for Eikon: ID:nBSE2RSL1G

Further company coverage: NLCI.NS

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March 19 (Reuters) - Inox Green Energy Services Ltd INOG.NS:

• I-FOX WINDTECHNIK RECEIVES LOA FROM NLC INDIA FOR RESTORATION OF 33 WTGS

• LOA FOR SUPPLIES OF MATERIALS FOR RESTORATION, WITH REVENUE REALISATION OF 395 MILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: INOG.NS

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Fixes spelling in headline

March 7 (Reuters) -

• INDIA DIVESTMENT SECY: OFFER FOR SALE IN NLC INDIA SUBSCRIBED 2.92 TIMES IN NON RETAIL CATEGORY; GOVERNMENT TO EXERCISE GREEN SHOE OPTION

Source text for Eikon: [ID:]

Further company coverage: NLCI.NS

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Changes sourcing, adds details from statement in paragraph 3 and 4, market close in paragraph 5

NEW DELHI, March 6 (Reuters) - India's federal government will offer to sell a stake of up to 7% in coal miner NLC India NLCI.NS this week, according to filing to the stock exchange.

The government holds a 79.2% stake in the company, whose shares have nearly tripled over the last year to 226.70 rupees as of Wednesday.

The government will offer to sell 5% of its stake in the state-run company, which also operates power plants, with an option to sell an additional 2% stake if there is more demand, according to the notification. The floor price for the sale has been set 212 rupees per share, which is a 6.5% discount to the shares closing price on Wednesday.

The shares will be offered to institutional investors on Thursday, and the issue will open for retail investors on Monday.

Indian stock market will remain closed on Friday for a local holiday.

The 7% stake sale in the state-run firm will fetch the government about 20.6 billion rupees.

The government aims to sell shares worth at least 180 billion rupees in the fiscal year which ends this month. It has divested shares in government-owned companies worth 126 billion rupees so far.

($1 = 82.8200 Indian rupees)

(Reporting by Nikunj Ohri and Sudarshan Varadhan, Editing by Louise Heavens)

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By Neha Arora and Aditi Shah

NEW DELHI, Feb 7 (Reuters) - SoftBank-backed Indian e-scooter maker Ola Electric is considering bidding for mining rights for lithium blocks being auctioned by the Indian government, sources said, in a move that could boost its EV battery manufacturing plans.

As part of plans to secure supplies of minerals such as lithium - a raw material used to make electric vehicle batteries - Prime Minister Narendra Modi's government late last year launched the first part of its critical minerals auctions.

Amid growing energy needs, India is trying to encourage electric vehicle production to cut greenhouse gas emissions and reduce reliance on fossil fuel imports.

Electric vehicles made up about 2% of total car sales in India of 3.9 million last fiscal year, but the government wants to grow this to 30% by 2030.

"Ola has shown interest and has put forward lots of queries around land acquisition and discovery of other minerals alongside lithium in the blocks," one of the sources said.

Ola executives have attended the auction meetings, the second source said. But the company is yet to take a final call, which depends on factors such as global prices of lithium and the viability of mining it, the second source said.

Lithium is important for Ola, as it plans to locally produce lithium-ion batteries used in electric vehicles. This would help the company vertically integrate the supply chain, the second source said.

Both sources declined to be identified as they were not authorised to talk to the media.

Ola Electric declined to comment.

Founded in 2017 in India's tech hub of Bengaluru, Ola Electric launched its e-scooters two years ago and has risen to become the market leader with over 30% market share.

In the ongoing auction, the government is likely to generate around 450 billion rupees ($5.4 billion) by auctioning 20 blocks across eight states.

Other potential bidders for lithium include Adani Enterprises ADEL.NS, Vedanta Ltd VDAN.NS, Reliance Industries RELI.NS, Himadri Chemicals, Reuters previously reported.

Dalmia Cement, UltraTech Cement and NLC India have also shown interest in the lithium blocks, one of the sources said.

The companies did not respond to emails from Reuters seeking comments.

(Reporting by Neha Arora and Aditi Shah; Additional reporting by M. Sriram; Editing by Mayank Bhardwaj and David Evans)

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Feb 6 (Reuters) - NLC India Ltd NLCI.NS:

• DIVIDEND 1.50 RUPEES PER SHARE

• DEC-QUARTER CONSOL NET PROFIT 2.5 BILLION RUPEES VERSUS LOSS 4.07 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 31.64 BILLION RUPEES VERSUS 36.79 BILLION RUPEES

• APPROVED DESIGNATION OF PRASANNA KUMAR ACHARYA AS CHIEF FINANCIAL OFFICER

Source text for Eikon: [ID:]

Further company coverage: NLCI.NS

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Adds details

By Sudarshan Varadhan

NEW DELHI, Feb 2 (Reuters) - India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government official said, driven mainly by higher production from mines owned by private companies.

State-run Coal India COAL.NS is expected to boost production to 850 million tons from an estimated 780 million tons in 2023/24, but its share in overall output is expected to drop to 75% from 80% in 2022/23.

If output meets expectations, it will mark the third straight year of India's coal output rising by more than 10%.

Prime Minister Narendra Modi's government has cited energy security concerns amid surging power demand and low per-capita emissions to defend India's high dependence on coal. Power generation in 2023 increased by 11.3%, the fastest pace in at least five years.

The world's second largest user of coal has also been boosting imports of thermal coal, which increased 9.4% to 176.3 million tons in the year ended December 2023, according to consultancy Coalmint.

Coal-fired energy output surged 14.7% in 2023, outpacing renewable output growth for the first time since at least 2019.

Captive mines - which mine coal for their own use - are seen boosting production to 175 million tons in 2024/25, 30 million tons more than estimated in 2023/24, the official said. Output from mines recently auctioned to private companies are expected to boost output by over 40% to 20 million tons in 2024/25.

Smaller miner Singreni Collieries is expected to produce 72 million tons in 2024/25, compared with an estimated 70 million tons in 2023/24. NLC India NLCI.NS is expected to produce 17.8 million tons in 2024/25, compared with 14.44 million tons this fiscal year.

India has contributed most to the rise in Asia's coal-fired power output, with an increase in generation outpacing other coal-dependent major economies such as Indonesia, Philippines and Vietnam.

(Reporting by Sudarshan Varadhan Editing by Jason Neely and Mark Potter)

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Jan 15 (Reuters) - NLC India Ltd NLCI.NS:

• DESIGNATED SURESH CHANDRA SUMAN AS CFO

Source text for Eikon: ID:nBSEbpsybY

Further company coverage: NLCI.NS

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Jan 9 (Reuters) - Inox Wind Ltd INWN.NS:

• INOX WIND - RECEIVES LOI FOR 50 MW WIND PROJECT FROM NLC INDIA

Source text for Eikon: ID:nBSEbVvd8d

Further company coverage: INWN.NS

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Dec 13 (Reuters) - NLC India Ltd NLCI.NS:

• M-SAND PLANT AT NEYVELI, TAMIL NADU EXPECTED TO BE OPERATIONAL BY END OF JAN 2024

Further company coverage: NLCI.NS

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