NLC India has joined the league of Accredited Power Traders in the country with CERC granting it Category I Licence for power trading. It plans to carry out the trading activity through an exclusively power trading arm for trading power by procuring power from other GENCOS through bilateral agreements.

NLCIL took up to trading of Un-Requisitioned Surplus Power (URS) in the year 2016 through NTPC Vidyut Vyapar Nigam limited (NVVN) and earned a revenue of Rs 1.34 billion from power trading in the year 2016-17 which went up to Rs 2.94 billion in the year 2017-18. Now NLCIL will take up trading of power in power market as an independent power trader.

Shares of the company declined Rs 0.05, or 0.06%, to trade at Rs 87.05. The total volume of shares traded was 60,916 at the BSE (12.09 p.m., Wednesday).