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EXPANSION POSITIVE 7/10
NLC India Commences Commercial Operation of 660 MW Unit-2 at Ghatampur Project
NLC India's joint venture, NUPPL, has successfully declared commercial operations for Unit-2 (660 MW) of the Ghatampur Thermal Power Project as of December 9, 2025. This brings the total operational capacity of the project to 1,320 MW across two units. NLC India holds a 51% stake in this JV, with the remaining 49% held by UPRVUNL. The project is on track to complete its final 660 MW unit within FY 2025-26, reaching a total capacity of 1,980 MW. This milestone will contribute to the company's revenue and power supply commitments to Uttar Pradesh and Assam.
Key Highlights
Unit-2 (660 MW) of the Ghatampur Thermal Power Project achieved COD on Dec 9, 2025 Total operational capacity at the site now stands at 1,320 MW across two units NLC India holds a majority 51% stake in the joint venture Neyveli Uttar Pradesh Power Limited The final Unit-3 (660 MW) is scheduled for completion within FY 2025-26 Power generated will be supplied to the states of Uttar Pradesh and Assam
💼 Action for Investors Investors should view this as a positive development as it marks the transition from construction to revenue generation for a significant portion of the project. Monitor the progress of the final unit and the impact on consolidated earnings in the coming quarters.
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