New Delhi: NLC India Limited, a Navratna public sector enterprise under the Government of India, has received an Environmental, Social and Governance (ESG) rating of ‘CRISIL ESG 57’ from CRISIL ESG Ratings & Analytics Ltd. The company disclosed the rating in a regulatory filing submitted to the stock exchanges.
The rating was assigned independently by CRISIL ESG Ratings & Analytics Ltd based on information available in the public domain. NLC India Limited clarified that it had not engaged CRISIL for the ESG rating, indicating that the assessment was conducted independently of any direct engagement by the company.
NLC India Discloses ESG Rating Under SEBI Regulations
NLC India Limited made the disclosure under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The filing informs investors and other stakeholders about the ESG rating assigned to the company. Such disclosures support transparency in the securities market and help stakeholders access relevant information about listed companies.
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What Does the CRISIL ESG 57 Rating Mean?
Environmental, Social and Governance (ESG) ratings assess companies based on factors related to their environmental impact, social responsibilities and governance practices.
The ‘CRISIL ESG 57’ rating reflects CRISIL ESG Ratings & Analytics Ltd’s assessment of NLC India Limited based on publicly available information and the agency’s evaluation framework.
ESG ratings are increasingly relevant to investors, regulators and other stakeholders who consider sustainability-related factors alongside financial performance while evaluating companies.
Key details of the rating include:
- Company: NLC India Limited
- Rating agency: CRISIL ESG Ratings & Analytics Ltd
- ESG rating: CRISIL ESG 57
- Basis of assessment: Data available in the public domain
- Company’s engagement with the agency: NLC India Limited stated that it had not engaged CRISIL for this rating.
- Regulatory disclosure: Regulations 30 and 51 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
NLC India’s Role in the Power Sector
NLC India Limited operates in the energy sector and contributes to India’s power generation and mining activities. As a government-owned enterprise, the company operates within the broader framework of India’s energy requirements and development priorities.
ESG-related assessments provide stakeholders with additional information about a company’s sustainability-related performance and practices. The rating disclosed by NLC India Limited forms part of the publicly available information concerning its ESG assessment.
About NLC India Limited
NLC India Limited is a Navratna public sector enterprise under the Government of India, with its corporate operations based in Neyveli, Cuddalore district, Tamil Nadu. The company is engaged in lignite mining and power generation and plays a role in supporting the country’s energy sector. Its registered office is located on EVR Periyar High Road, Kilpauk, Chennai.
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