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NLC India Limited announced that Dr. Prasanna Kumar Acharya, currently Director (Finance), has been appointed as Chairman cum Managing Director for a period of five years, effective September 17, 2026, succeeding Shri Sanoj Kumar Jha, who was holding the additional charge. Dr. Acharya relinquished his position as Director (Finance) and CFO on the same date, and brings nearly three decades of experience from organizations including GRIDCO, NTPC, and Tata Power.

NLC India Limited announced that Dr. Prasanna Kumar Acharya, currently Director (Finance), has been appointed as Chairman cum Managing Director for a period of five years, effective September 17, 2026, succeeding Shri Sanoj Kumar Jha, who was holding the additional charge. Dr. Acharya relinquished his position as Director (Finance) and CFO on the same date, and brings nearly three decades of experience from organizations including GRIDCO, NTPC, and Tata Power.

Net profit of NLC India declined 39.28% to Rs 484.27 crore in the quarter ended June 2026 as against Rs 797.59 crore during the previous quarter ended June 2025. Sales rose 23.29% to Rs 4716.75 crore in the quarter ended June 2026 as against Rs 3825.61 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales4716.753825.61 23 OPM %31.2024.43 - PBDT1317.471132.92 16 PBT651.55593.60 10 NP484.27797.59 -39 Powered by Capital Market - Live News

NLC India will hold a meeting of the Board of Directors of the Company on 7 August 2026.

NLC India has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOCL) for formation of a Joint Venture (JV) for establishment of Renewable Energy Power Projects in the State of Tamil Nadu.The MoU was signed on 22 June 2026 for the development of large scale Renewable Energy (RE) projects including Solar, Wind, Hybrid Power with or without Energy Storage such as Battery Storage and Pumped Storage Projects or any combination of the same for supply of renewable power to third party, Commercial and Industrial (C&I) consumers, Discoms, energy exchange, for e-mobility, power to applications such as usage/ production of green synthetic fuels/chemicals, complete value chain for solar module manufacturing etc. and any other opportunity in the renewable energy sector in the State of Tamil Nadu, as mutually agreed and based on techno-commercial feasibility.While strengthening its conventional power portfolio, NLCIL has also been actively expanding into large-scale renewable and green energy initiatives including solar,wind, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, low-carbon round-the-clock power and waste-to-energy projects.