whispers in the corridors

NLC India Limited, under the leadership of M Prasanna Kumar as CMD, has declared Quarter 3 results. Major Highlights during the Q3 2024-25: NUPPL’s GTPP Unit# I (660 MW) successfully started its commercial operations, by which NLCIL Group’s Installed Power Generation capacity increased from 6,071.06 MW to 6,731.06 MW. Coal mine development and production agreement (CMDPA) executed between Nominated authority MoC, and NLCIL for New Patrapara (south) coal mine project (12MTPA). NLCIL signed a JV Agreement with RVUNL for setting up of (3x125) MW Lignite based Thermal Power Station in the State of Rajasthan. NIRL (wholly owned subsidiary of NLCIL) signed a JV Agreement with RVUNL for developing 2000 MW of Renewable power project in the State of Rajasthan. NIRL Signed a Joint Venture Agreement with Assam Power Distribution Company Limited (APDCL) for development of Solar Power Project in Assam for 1000MW. NLCIL has been recognised as one of the Best Performers under Special Campaign 4.0 in the New Initiative/Best Practice category. NLC India Limited (NLCIL) has been conferred with the prestigious Mining Innovation Award for upholding high standards of operations in mining. Capex achievement upto December, 2024 is Rs. 5247 Cr has exceeded the Annual Target for FY 2024-25. Ministry of Finance, through a Gazette of India has granted Capital Gains Tax exemption under Income Tax Act for the transfer of renewable energy assets from NLCIL to NIRL, a wholly owned subsidiary of NLCIL. Received four Five Star Rating Awards for Mine-I, Mine-lA, BLMP and Talabira II & III OCP for the performance base year 2022-23 from Hon'ble Minister of Coal & Mines at New Delhi. Ministry of Coal accorded approval for the Revised Cost Estimate (RCE-II) of Rs. 21,780.94 Cr for 3x660 MW Ghatampur Thermal Power Plant of NUPPL. For the Financial Year 2024-25, NLCIL board has approved payment of Interim Dividend @ Rs.1.50 per share. Key Highlights - Physical Performance of Nine Months Ended Dec 2024: Achieved Lignite production of 171.35 LT with 5.23% growth as compared to 162.83 LT in Nine months ended FY 2023-24. Achieved all time highest Coal production of 115.16 LT with 40.11% growth as compared to 82.19 LT in Nine months Ended FY 2023-24. Achieved Gross Power Generation of 20,568MU with 4.71% growth as compared to 19,643 MU in Nine months Ended FY 2023-24. This includes RE Power Generation of 1,579 MU. Key Highlights -Financial Performance of Nine Months Ended Dec 2024: All time highest Revenue from operations of Rs.11,445 Cr as against Rs.9,458 Cr in the corresponding period of the previous year, registering a growth of 21%. All time highest Total Income of Rs.12,909 Cr as against Rs.9,912 Cr in the corresponding period of the previous year, registering a growth of 30%. All time highest Profit After Tax (PAT) of Rs.2,245 Cr as against Rs.1,754 Cr in the corresponding period of the previous year, registering a growth of 28%.
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