NLC India has raised Rs 500 crore and issued Commercial Paper in favour of UTI Liquid Cash Plan and Reliance Capital Trustee Company on March 12, 2020. The company has allotted 10,000 Commercial Paper of a face value of Rs 5 lakh each. The fund will be utilized to meet the standalone business operation requirements of the company.
NLC India is engaged in the business of lignite mining and power generation.