NLC India Limited — Board Meeting, 03-02-2025: Outcome of Board Meeting

The Board has approved the standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. Key highlights include an interim dividend declaration of ₹1.50 per equity share for FY 2024-25. The Board has also authorized borrowing a term loan of up to USD 100 million. Furthermore, it has granted in-principle approval to invest up to ₹1,110 crore in a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited for developing thermal power projects. The appointment of a new Company Secretary and the resignation of the previous one are also noted.