NLC India has emerged as the highest bidder for the Patrapara South coal mine in Angul district of Odisha. This marks NLC’s third commercial coal mine, aligning with its growth in coal mining operations.

This coal mine holds a geological reserve of 720.87 million tonne and a peak-rated capacity of 12 MTPA.

Simultaneously, NLC is set to expand its renewable energy portfolio, as its board has approved an investment of up to Rs 3,720 crore in its wholly-owned subsidiary, NLC India Renewables (NIRL). This phased investment will support renewable energy (RE) projects in Gujarat and Rajasthan, subject to regulatory clearances.

Further, NLC plans to acquire renewable energy assets valued at Rs 6,263 crore as of 30 September, 2024, under its Asset Monetisation Plan by subscribing to NIRL shares. Overall, these strategic initiatives reflect NLC’s dual focus on coal and RE, ensuring diversified energy sources for future growth.