 "NLC India net profit down by 37 per cent")
Don't want to miss the best from Business Standard?
NLC India — formerly Neyveli Lignite Corporation — has posted a 37 per cent decline in net profit at Rs 230.75 crore during the quarter ended June 30, 2016, as compared to Rs 366.90 crore during the same period of the previous financial year (FY).
"The net profit for the quarter was impacted mainly due to surrender of power of 349.45 megawatts (Mw) by discoms as compared to 103.09 Mw during the corresponding quarter of the previous FY," informed the company officials, adding, "The impact was partly due to lesser power generation by Thermal Power Station II Expansion units and Barsingsar Thermal Plant on account of slow stabilisation."
The total income grew marginally to Rs 1974.10 crore during the quarter ended June 30, 2016, as compared to Rs 1965.79 crore during the same quarter of the previous FY.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%