Shares of NLC India Ltd. rose by 3% to reach a day’s high of Rs 288 on 29th August after the company announced yesterday that it had signed a 25-year power usage agreement with Telangana state discoms for 200 MW of solar energy at a competitive price under the Central Public Sector Undertaking (CPSU) scheme.

The project will utilise state-of-the-art equipment, including single-axis trackers and domestically made high-efficiency modules, aiming for higher power generation under the Atmanirbhar Bharat (Make in India) initiative.

NLCIL’s solar project is expected to generate around 1,300 crore units of green power and offset 90 lakh tonnes of carbon emissions over its lifetime. The project is scheduled for commissioning by June 2025.

This partnership provides the dual benefits of affordable green power and helps Telangana fulfil its renewable purchase obligation. NLCIL has been supplying over 234 MW of low-cost thermal power to Telangana for over 30 years.

NLC India Ltd. is the first Central Public Sector Enterprise (CPSE) to achieve 1 GW of solar power generation in India.

The company’s market capitalisation rose to Rs 39,241 crore.

At 10:01 AM, the shares of NLC India were trading 2.70% higher at Rs 283.75 on NSE.

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