NLC India shares fell over 2% to close at Rs 271.00 on August 19, 2026. This decline follows the release of financial results for the quarter ended June 30.
The power generator reported higher revenue but a significant year-on-year drop in net profit. Investors are reacting to the financial weight of the company's massive capital expenditure.
A primary driver is the recently commissioned 1,980 MW Ghatampur Thermal Power Project. Short-term costs like interest and depreciation from this expansion are currently squeezing profit margins.