NLC India Commences Coal Production at Pachwara South Open Cast Project

NLC India Limited has announced the commencement of coal production at its Pachwara South Open Cast Project on March 29, 2026. The milestone marks a significant development for the company's joint venture operations in Jharkhand.

Joint Venture Structure and Project Background

The Pachwara South Coal Block is operated by Neyveli Uttar Pradesh Power Limited (NUPPL), a joint venture between NLC India Limited and U.P. Rajya Viduyt Utpadan Nigam Limited. The partnership maintains an equity shareholding ratio of 51:49 respectively, with NLC India holding the majority stake.

Parameter: Details Joint Venture Company: Neyveli Uttar Pradesh Power Limited (NUPPL) Equity Ratio: NLC India 51%, U.P. Rajya Viduyt Utpadan Nigam 49% Location: Dumka District, Jharkhand Allotment Date: October 3, 2016 Allotting Authority: Ministry of Coal, Government of India

Coal Block Specifications and Capacity

The Pachwara South Coal Block represents a substantial resource base for the joint venture's operations. The block, which was previously unexplored, underwent comprehensive exploration by NUPPL through detailed drilling across the entire area.

Specification: Value Extractable Coal Reserve: 264.84 million tonnes Normative Mining Capacity: 9 million tonnes per annum Average Coal Grade: G10 Current Status: Coal production commenced

Operational Timeline and Power Plant Connection

The coal production commencement follows a structured operational timeline that began with overburden removal activities. The project's primary purpose is to supply fuel for NUPPL's thermal power generation facility in Uttar Pradesh.

Milestone: Date Coal Block Allotment: October 3, 2016 Overburden Removal Start: December 19, 2025 Coal Production Start: March 29, 2026

The coal extracted from this block will meet the fuel requirements of the 3 x 660 MW Ghatampur Thermal Power Plant being established at Ghatampur, Uttar Pradesh. This integrated approach ensures a reliable fuel supply chain for the power generation facility.

Regulatory Compliance and Disclosure

NLC India Limited made this announcement in compliance with Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was simultaneously communicated to both the National Stock Exchange of India Limited and BSE Limited, maintaining transparency with stakeholders and regulatory authorities.

NLC India Limited has announced the cessation of three Independent Directors following the completion of their appointed terms. The Navratna Government of India Enterprise informed stock exchanges about this board composition change on March 27, 2026.

Directors Completing Terms

Three Independent Directors ceased their positions upon completion of their one-year terms appointed by the Ministry of Coal, the Administrative Ministry. The cessation became effective at the close of business hours on March 27, 2026.

Director Details: Information Shri M. T. Ramesh: DIN: 07313892 Dr. Vasant Ashok Patil: DIN: 09352913 Shri Pradeep Kumar Saraogi: DIN: 03083365 Cessation Date: March 27, 2026 Term Duration: 1 (One) year

Committee Positions Impact

Consequent to their cessation as Independent Directors, all three directors also ceased to be members or chairpersons of respective committees of the Board of Directors with effect from March 27, 2026. This change affects the composition of various board committees where these directors held positions.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was sent to both National Stock Exchange of India Ltd. and BSE Ltd., providing detailed information as prescribed under SEBI regulations.

Compliance Details: Information Regulation: SEBI LODR Regulation 30 and 51 SEBI Circular: SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 Circular Date: July 13, 2023 NSE Symbol: NLCINDIA BSE Code: 513683

The notification was signed by Sushanta Kumar Panda, Company Secretary & Compliance Officer, ensuring proper documentation and regulatory adherence for the directorial changes.

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