NLC India Stock Surges on Mineral Block Win & Record Profits
Open-pit mine with excavator and haul trucks under a clear sky
Key Highlights
NLC India shares rally over 2.7% after securing a key mineral block in Telangana, buoyed by record Q4FY26 revenue and profit growth.
NLC India Secures Mineral Block, Shares Jump
NLC India shares jumped over 2.7% on Friday after the company was declared the preferred bidder for the Parvathapur Vanadium, Titanium & Aluminous Laterite block in Telangana. This significant development follows an e-auction conducted by the Ministry of Mines, Government of India, on June 11, 2026.
Record Financials and Operational Growth
The company also reported its highest-ever financial and operational performance for Q4FY26 and FY26:
- : Hit a record ₹17,490 crore in Q4FY26, marking a 14% year-over-year increase.
- : Achieved its highest-ever net profit of ₹3,769 crore, up 39% year-over-year.
- Capital Expenditure: Recorded a substantial ₹9,131 crore in capital expenditure.
- Coal Production: Reached an all-time high of 19.14 MT.
- Green Energy: Delivered a record 2.26 billion units of renewable energy power in FY26.
Strategic Moves and Company Profile
Earlier in the week, the government reduced its stake in NLC India by up to 3% through an offer for sale, successfully raising approximately ₹1,260 crore. NLC India is a Navratna Government of India Enterprise under the administrative control of the Ministry of Coal, engaged in mining, power generation, and consultancy services.