Sunday 21st July 2024

FINANCIAL RESULTS OF NLCIL FOR THE QUARTER AND HALF YEAR ENDED 30.09.2023

Oct 26th, 2023 9:37 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
Major Highlights during the Q2 2023-24
• PAT for Q2 2023-24 jumped to Rs 1,121 Cr from Rs 367 Cr in the corresponding period of previous year, registering a growth of 205%.

• NLCIL successfully bagged 810MW Grid connected solar project tender floated by RVUNL in Rajasthan on 10th Aug, 2023.

• NLCIL won the bid for North Dhadu (Western Part) Commercial Coal Mine in E- auction on 1st Aug 2023. This is the first mine won by NLCII. under Commercial auctions.

• PPA was signed between NLCIL and GRIDCO for supply of 800 MW from Talabira Thermal Plant On 28th Sep 2023.

• PUA (Power Usage Agreement) was signed between NLCIL and RUVNL for supply of 300 MW Solar Power under CPSU Scheme, on 17th Aug 2023.

• Wholly Owned Subsidiary NLC India Green Energy Limited (NIGEL) was incorporated, on 13th Oct 2023.

• On 21st Aug 2023, Permanent diversion of Paravanar River was completed for further advancement of Mining.

• Possession taken for 487.42 Ha out of 692.10 Ha for Lands which were Acquired since year 2000 at Mine-II.

• NLCIL issued Letter of award for development of 200 MW Solar project on 16th October 2023 under CPSE Scheme.

• Expert Appraisal Committee (EAC) of MOEF & CC recommended to issue Environmental clearance (EC) for Pachwara South Coal Block (PSCB) subject to stage-I forest clearance.
Key Highlights – Financial Performance
STANDALONE
• Profit for the period (PAT) for the Half Year ended 30.09.2023 is Rs.1,452 Crore as against Rs.873 Crore in the corresponding period of the previous year, registering a growth of 66.32%.

• Profit Before Tax for the half year ended 30.09.2023 is Rs. 2215 Crore as against Rs. 1292 crore in the corresponding period last year registering a growth of 71.42%.

• The EBITDA of the Company for the Half Year ended 30.09.2023 is Rs.3,278 Crore as against Rs.2,397 crore in the corresponding period of the previous year, registering a growth of 36.75%.

• Revenue from operation for the half Year ended 30.09.2023 Rs.5,072 Crore as against Rs.5,847 crore respectively in the corresponding period of the previous year.

• The Total Income of the Company for the half Year ended 30.09.2023 is Rs.5,434 Crore as against Rs.5,998 crore in the corresponding period of the previous year.
CONSOLIDATED
• Profit After Tax (PAT) of the Group for half Year ended 30.09.2023 is Rs.1,500 Crore as against Rs. 986 Crore in the corresponding period of the previous year, registering a growth of 52.10%.

• Profit/ (Loss) before tax of the Group for the Half Year ended 30.09.2023 is Rs. 2,314 Crore as against Rs. 1,470 crore in the corresponding period of the previous year, registering a growth of 57.44%.

• The EBITDA of the Group for the Half Year ended 30.09.2023 is Rs.3,675 Crore as against Rs.2,898 crore in the corresponding period of the previous year, registering a growth of 26.83%.

• Revenue from operation of the Group for half Year ended 30.09.2023 is Rs. 6,294 Crore as against Rs. 7,352 Crore in the corresponding period of the previous year.

• The Total Income of the Group for Half Year ended 30.09.2023 is Rs 6,663 Crore as against Rs. 7,545 Crore in the corresponding period of the previous year.

About NLCL
For more than six glorious decades, NLC India Limited has been a forerunner amongst the Public Sector Enterprises in the country in the energy sector, contributing to a lion’s share in lignite production and significant share in thermal and renewable energy generation.

Government News

Comments are closed.