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NLC India Limited — Bonds & AAA (ICRA) Rating

PSU · Power & Energy

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Agency Rating
AAA (ICRA)
Most common current rating on senior bonds
3 of 3 rated · ICRA, 29 Feb 2020
Total Debt Outstanding
₹2,500 Cr
Across 3 instruments
Active Bonds
3
First Issue
29 May 2019
Latest Issue
20 Dec 2021
Maturity Range
2029 - 2032
Observation
3 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings ICRA AAA, CRISIL AAA
  • Rating range All current ratings are AAA (CRISIL 31 Dec 2021, ICRA 29 Feb 2020)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 2 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 1 of 3 active bonds had an exchange trade
  • Exchange filings, 90 days 44 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about NLC India Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Power & Energy
Issuer Type
PSU
First Tracked Bond
29 May 2019
Start of this issuer's debt program timeline
  • 3 active bonds tracked from this issuer.
  • 2 of 3 tracked bonds with a stated security status are secured. (based on 3 bonds with a disclosed security status)
  • Most recent rating action: reaffirm by CRISIL on 2 Sep 2026.

NLC India Limited is a public sector undertaking (PSU) in the Power & Energy sector. Coupon rates on outstanding bonds range from 6.85% - 8.09%, paid annually. Bonds mature between 2029 - 2032.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
3
Tracked by RetailBonds
Amount Tracked
₹2,500 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.43%
Range 6.85% - 8.09%
Avg Remaining Tenure
3.7 Yrs
Nearest maturity May 2029
Secured
66%
2 of 3 bonds with known status
Callable
0
Of 3 bonds
Avg Spread vs G-Sec
-44 bps
Credit premium, from 1 bond with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (1 bond).

0 2029: 1 bond, ₹1,475 Cr tracked, avg coupon 8.09% 1 bond 2029 2030: 1 bond, ₹525 Cr tracked, avg coupon 7.36% 1 bond 2030 2032: 1 bond, ₹500 Cr tracked, avg coupon 6.85% 1 bond 2032

Security Type / Instrument Mix

  • NCD 3 bonds · 100% · ₹2,500 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2019: ₹1,475 Cr issued 2019 2020: ₹525 Cr issued 2020 2021: ₹500 Cr issued 2021 Cumulative: ₹1,475 Cr Cumulative: ₹2,000 Cr Cumulative: ₹2,500 Cr

Based on 3 of 3 active bonds with a known issue date and issue size.

03 Credit Profile
  • AAA 3 bonds · 100%
AgencyRatingOutlookBonds
ICRA AAA — 2
CRISIL AAA Stable 1

Recent Rating Actions

2 Sep 2026 · CRISIL
AAA
Reaffirmed · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE589A07037 NLC India 8.09% May 2029 NCD 8.09% AAA (ICRA) 2029-05-29 — —
INE589A07045 NLC India 7.36% Jan 2030 NCD 7.36% AAA (ICRA) 2030-01-25 — —
INE589A08043 NLC India 6.85% Apr 2032 NCD 6.85% AAA (CRISIL) 2032-04-13 6.78% 2026-11-05
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YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
1
Avg. Yield (Last 30 Days)
6.78%
06 Regulatory Filings
NSE Corporate Announcements
General Updates 21 Jul 2026
Appointment 17 Jul 2026
Appointment 10 Jul 2026
Agreements 8 Jul 2026
Press Release 8 Jul 2026
General Updates 1 Jul 2026
Updates 1 Jul 2026
Cessation 30 Jun 2026
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 3 2021-12-31
Rating Actions History 1 2026-09-02
Secondary-Market Trades 1 2026-11-05
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does NLC India Limited have?

NLC India Limited currently has 3 active bonds with coupons of 6.85% - 8.09%, maturities spanning 2029 - 2032.

What is NLC India Limited's credit rating?

The most common current rating on NLC India Limited's senior bonds is AAA (ICRA). Ratings on file come from CRISIL, ICRA.

Are NLC India Limited's bonds secured?

Of the 3 bonds with a disclosed security status, 2 are secured (66%) and 1 is unsecured.

When do NLC India Limited's bonds mature?

NLC India Limited's active bonds mature between 2029 - 2032; the nearest matures in May 2029; the average tenure is 3.7 Yrs.

What is the average coupon on NLC India Limited's bonds?

The average coupon across NLC India Limited's 3 active bonds is 7.43%.

Disclaimer: This page aggregates publicly available data about NLC India Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.