NLC India achieves record electricity generation in FY22

Image
Capital Market
Last Updated : Apr 07 2022 | 11:04 AM IST
NLC India achieved record physical performance on all fronts during the FY 2021-22.

A new record has been created in terms of electricity generation, with the Power stations of NLC India and its subsidiaries together generating 2920 Crore units of electricity (29.20 Billion Units) during the year 2021-22. This is the highest ever generation in a financial year since inception of the company and is 18.64% higher than the generation made during the previous year 2020-21 (2461.30 Crore Units).

The company and its subsidiaries have also exported 2589 Crore units of power to the DISCOMS during the year under reference, which is 19.75% higher than the previous year, thus creating a new export record.

The company commenced its Coal production in April 2020 and this year (2021-22), the Talabira Coal Mine in Odisha produced 63.58 lakh tonnes of Coal, which is 527 percentage higher than the coal production made during the year 2020-21, surpassing the target of 40 lakh tonnes set for it by the Coal Ministry.

Continuing its emphasis on Green Energy and creating a new record, the Solar Power Plants and the Wind Power plants have generated 218.40 Crore Units of electricity - the highest since inception, which is also 5.93 percentage higher than the previous year's (2020-21) figure of 206.17 Crore Units.

Lignite production during the year also marked a 30% increase over the previous year. In FY 2021-22, 25.1 Million Tonnes of lignite was produced and the company has created a new record in Lignite sale amounting to Rs.419 Crore.

NLCIL Group has spent Rs.2,417 Crore towards Capital Expenditure against the target of Rs.2,061 Crore, which is 17% higher than the target.

During the financial year 2021-22, the company has collected Rs. 15,486 Crore from the -DISCOMS. This is also a new record in revenue collection, since inception. The collection efficiency of the Company during the year under review was a remarkable 146%.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Apr 07 2022 | 10:49 AM IST

Next Story