NLC India shares jump 2.7% on Friday after company was declared as preferred bidder for critical mineral block auction

Shares of NLC India jumped over 2.7% on Friday at noon after the company announced on securing a major contract for a critical mineral block in Telangana.

The scrip opened at ₹315.05 and has touched a high and low of ₹319.75 and ₹311.55, respectively. So far, 215143 shares were traded on the counter. The company touched a 52-week high of ₹387.70 on 14-May-2026 and a 52-week low of ₹220.25 on 20-Jun-2025.

NLC India has been declared as the preferred bidder for Parvathapur Vanadium, Titanium & Aluminous Laterite block of Sanga Reddy, Telangana, subsequent to the critical & strategic mineral blocks e-auction held on June 11, 2026, by the Ministry of Mines, Government of India (GoI).

The company in Q4FY26 recorded the highest ever revenue of ₹17,490 crore, rising 14% YoY and the highest ever net profit of ₹3,769 crore, up 39% YoY. The company remains committed to major capacity expansion, with the highest-ever capex at ₹9,131 crore.

At the operational level, the growth was achieved by the highest ever output of coal production and dispatch at 19.14 MT and 17.6 MT, respectively. In the green energy generation, the company delivered 2.26 billion units of renewable energy power in FY26, which is also the highest ever.

Earlier this week, the shares were in focus after the government pared up to 3% stake in the company via an offer for sale. The government, so far, has raised ₹12,165 crore through stake sale via offer for sale in Coal India, NHPC and Central Bank of India. The government has raised nearly ₹1,260 crore with the green shoe option fully exercised.

NLC India is a Navratna Government of India Enterprise, under the administrative control of the Ministry of Coal. The company is engaged in the business of mining of Lignite, coal, and the generation of power by using lignite as well as Renewable Energy Sources and consultancy.