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NLC India rallies after board OKs to invest Rs 3,720 cr in arm, NIRL

21-Nov-24 13:11 Hrs IST

The company's board has also approved to acquire 100% stake in NIRL by way of subscribing the equity shares for transferring of renewable assets to NIRL under asset monetization plan at its book value subject to other approvals required in this regard.

NIRL will develop renewable power projects in Gujarat & Rajasthan and will carry out the existing renewable power projects of NLCIL under Asset Monetisation Plan.

The net book value of renewable energy assets in the books including CWIP of the ongoing projects of NLC as on 30.09.24 is Rs 6,263 crore.

NLC India is a 'Navratna' government of India company in the fossil fuel mining sector in India and thermal power generation. As of 30 September 2024, the Government of India held 72.20% stake in the company.

The company's consolidated net profit declined 15.9% to Rs 911.85 crore despite of 22.8% increase in revenue from operations to Rs 3,657.27 crore in Q2 FY25 over Q2 FY24.

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Sr No	Start Date	Department	Tender Details	Status
1	10-06-2024	IA	RFP for appointment of internal auditors for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
			A. Request For Proposal
			B. Extension of RFP
2	10-06-2024	IA	RFP for appointment of internal auditors and Concurrent Audit for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
3	22-11-2023	Compliance	Procurement of AML/PML software Solution - VC Meeting Link for opening of Tender Box on 22/11/2023 at 4.30 pm	Closed
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5	28-10-2024	IT	RFP for Procurement of Firewall
			A. General Information
			B. Technical Bid
			C. Financial Bid
6	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
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7	07-07-2023	CS	RFP for Secretarial Audit
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9	16-06-2023	IT	E-tender for engagement of annual system audit and cyber security audit agency	Closed
			A. General Information
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			C. Financial Bid
10	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
			A. General Information
			B. Technical Bid
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11	30-05-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch	Cancelled
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12	24-05-2023	ADMIN	RFP for Premises on Lease for Salem Branch	Closed
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15	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
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17	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
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