Shares of NLC India Ltd fell 2% after touching a day’s high of Rs 237.37 on 28th August, despite the company announcing the commissioning of the first phase of a 300 MW solar power plant in Rajasthan. With this, the government-owned firm declared the commercial operation of this phase of the project to be underway.

In an exchange filing, NLC India stated that it has commissioned and declared the first 52.83 MW phase of its 300 MW solar power project at Barsingsar, Bikaner, Rajasthan, commercially operational. The company received the commissioning certificate from Rajasthan Renewable Energy Corporation Limited on 26th August, 2025.

For the first quarter, the government-owned firm reported a 42.7% YoY rise in net profit at Rs 798 crore, compared to Rs 559 crore in the same period last year. Revenue from operations grew 13.2% to Rs 3,826 crore against Rs 3,378 crore a year ago.

However, EBITDA fell 13.6% to Rs 935 crore from Rs 1,082 crore, with margins dropping to 24.4% from 32% in the previous year.

At 12:03 PM, the shares of NLC India were trading 1.84% lower at Rs 231.70 on NSE.

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