NLC India Renewables secures 300 MW wind tender
NLC India Renewables secured a 100 MW GUVNL wind tender with a greenshoe option to expand capacity to 300 MW. NLC India shares closed at ₹227.95 on 28 Oct 2026, down 1.1%, according to OI Charts data.
after close1 source ↓machine-written, see hownot a recommendation
- NLCINDIA close
- ₹227.95
- On the day
- -1.06%
- 52-week high
- ₹387.80
- 52-week low
- ₹223.25
NLC India Renewables secured a wind power tender from Gujarat Urja Vikas Nigam Limited covering an initial 100 MW, with an approved greenshoe option that can expand the total allocation to 300 MW. The award strengthens the subsidiary’s renewable energy pipeline in Gujarat and follows a previously secured 900 MW solar order from the same utility. The project value, tariff, power-purchase terms and commissioning schedule were not disclosed.
The tender broadens NLC India’s exposure to utility-scale wind and solar development ⚡. The initial award and the greenshoe option should be read separately: 100 MW is the winning bid, while the full 300 MW depends on the option being exercised and subsequent execution. The announcement therefore adds 300 MW potential capacity to the project pipeline, but does not yet establish the revenue contribution or operating timeline.
Key Points:
• NLC India Renewables won the initial 100 MW wind tender from GUVNL, with an option to expand the allocation to 300 MW.
• The project complements the earlier 900 MW solar order, increasing the subsidiary’s renewable development pipeline in Gujarat ☀️.
• NLC India reported consolidated revenue from operations of ₹17,490 crore and record EBITDA of ₹7,475 crore for FY 2025-26.
• OI Charts data showed NLC India closing at ₹227.95 on 28 Oct 2026, down 1.1% for the session, with volume of 530,811 shares.
• The stock had declined 10.0% over five sessions and 13.4% over 20 sessions. Its 52-week range was ₹223.25 to ₹387.80, with the low recorded on 26 Oct 2026 and the high on 14 May 2026.
The next items to watch are confirmation of the greenshoe exercise, the final awarded capacity, project execution milestones and any disclosure on tariffs or power-sale arrangements. These details will determine how the tender translates into commissioned renewable assets and future cash flows. The stock’s recent weakness and proximity to its 52-week low make the company’s disclosures on execution and capacity conversion particularly relevant to the market’s assessment
Source: Sahi, 28 Oct 2026
Not investment advice. For informational purposes only.