ICRA Reaffirms AAA (Stable) Rating on NLC India’s ₹2,000 Crore NCDs
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New Delhi, February 23, 2026: NLC India Limited has informed stock exchanges that ICRA Limited has reaffirmed its highest credit rating of [ICRA] AAA (Stable) on the company’s long-term Non-Convertible Debentures (NCDs) worth ₹2,000 crore.
The disclosure was made under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Rating Details
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Instrument: Long-Term Non-Convertible Debentures (NCDs)
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Amount: ₹2,000 crore
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Rating: [ICRA] AAA
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Outlook: Stable
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Rating Action: Reaffirmed
The reaffirmation of the AAA rating reflects strong credit quality, high degree of safety regarding timely servicing of financial obligations, and stable financial outlook.
Boost to Investor Confidence
The top-tier rating strengthens investor confidence in NLC India’s debt instruments and underlines the company’s robust financial profile and operational stability.
Listed on both major stock exchanges:
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National Stock Exchange of India Limited (Symbol: NLCINDIA)
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BSE Limited (Scrip Code: 513683)
NLC India continues to maintain strong credibility in capital markets.
About NLC India Limited
A ‘Navratna’ Government of India enterprise, NLC India Limited operates in mining and power generation, playing a significant role in India’s energy sector. Headquartered in Chennai with major operations in Neyveli, Tamil Nadu, the company has consistently demonstrated financial discipline and operational resilience.