Subhechcha Ganguly 
NLC India Ltd announced on Friday, November 22, that it has emerged as the highest bidder for the Patrapara South coal mine in Angul district, Odisha, following the coal ministry’s e-auction held the previous day. The coal block holds a total geological resource of 720.87 million tonnes, with a peak rated capacity of 12 million tonnes per year. This marks NLC India’s third commercial coal mine acquisition.
The company expects a formal notification confirming its status as the winning bidder soon.
In a separate development, NLC India revealed that its board of directors has approved a substantial investment plan to expand its renewable energy portfolio. The board sanctioned up to ₹3,720 crore for its wholly-owned subsidiary, NLC India Renewables Ltd (NIRL), which will fund several renewable energy projects in Gujarat and Rajasthan, pending regulatory approval.
Additionally, NLC India plans to acquire renewable energy assets worth ₹6,263 crore by subscribing to NIRL’s equity shares as part of its Asset Monetisation Plan, with the shares being purchased at face value.
At 3:12 PM, NLC India shares were trading 4.17% higher at ₹263.55, compared to the previous close of ₹253 on the NSE. The stock reached an intraday high of ₹266 and a low of ₹251.80.
