Nlc

NLC India Q2 results: PAT declines 9.5% to Rs 982 cr on higher expenses

State-owned NLC India Ltd on Friday reported a 9.5 per cent decline in consolidated profit at Rs 982.41 crore for the quarter ended September 30, 2024. The company had posted a consolidated profit of Rs 1,085.93 crore in the year-ago period, NLC India Ltd said in a regulatory filing. However, the revenue from operations in the July-September quarter increased to Rs 3,657.27 crore, over Rs 2,977.53 crore in the year-ago period. NLC India is a navratna company under the Ministry of Coal. Its core business is mining and power generation.

NLC India Q4 results: PAT declines 86% to Rs 114 cr due to lower income

State-owned NLC India Ltd on Wednesday reported 86.2 per cent drop in consolidated net profit to Rs 114.23 crore for the March quarter due to lower income. The company had posted consolidated profit of Rs 829.67 crore in the year-ago period, NLC India said in a filing to the BSE. In a statement the company said its profit after tax for the year ended March 31, 2024 was at Rs 1,868 crore over Rs 1,426 crore for the year ended March 31, 2023, registering a growth of 31 per cent. The PSU is a navratna company under the Ministry of Coal. Its core business is mining and power generation.

Coal India may exceed capex target of Rs 16,500 crore for FY24: Govt

The government of Wednesday said the state-owned Coal India Ltd (CIL) is likely to exceed its capex target of Rs 16,500 crore for the current financial year. Coal India accounts for over 80 per cent of domestic coal output. "As we navigate through the current fiscal year of 2023-24, both CIL and NLCIL are on track to exceed their capex targets yet again... both CIL and NLCIL will exceed their annual capex targets, further bolstering India's economic growth trajectory," the coal ministry said in a statement. The capex target of NLC India Ltd (NLCIL) for the ongoing financial year is Rs 2,880 crore. The Ministry of Coal's capex target for FY24 is Rs 21,030 crore. Over the past few years, coal Central Public Sector Enterprises (CPSEs) have been over-achieving their capex targets. In FY22, CIL and NLCIL had achieved 104.88 per cent and 123.33 per cent of their capex targets, respectively. In FY23, both companies achieved around 113 per cent of their target. NLC India is a Navratna

Govt auctions 6 coal mines in seventh tranche; NLC, NTPC among winners

State-owned NLC India and NTPC along with three private players have bagged coal blocks in the seventh round of auctions which concluded with the sale of all six mines put under the hammer, an official statement said on Friday. While NLC bagged North Dhadu (Western Part) coal block in Jharkhand with 434 million tonnes of coal reserves, NTPC won the North Dhadu (Eastern Part) coal block, which has 439 million tonnes (MT) of coal reserves, the Ministry of Coal said in a statement. Private players Hindalco Industries bagged the Meenakshi West block in Odisha, which has 950 MT of coal reserves. Bajrang Power and Ispat Ltd won the Pathora East and Pathora West coal blocks in Madhya Pradesh with 110.40 MT and 81.69 MT of coal reserves, respectively. Nilkanth Coal Mining also bagged Sherband coal block in Chhattisgarh which has a reserve of 90 MT. "With the successful auctioning of these six coal mines, the total number of coal mines auctioned under commercial auctions now stands at 92,"

NLC plans to set up 2,400 MW thermal plant in Odisha for Rs 19,422 crore

NLC India Ltd is planning to set up a 2,400 MW coal-based plant in Odisha. The plant will be set up at an investment of Rs 19,422 crore at Talabira in Odisha, the Ministry of Coal said in a statement on Wednesday. "NLC has planned a 3x800 MW thermal plant in Odisha. This is a pithead thermal plant near Talabira coal mines of NLC with a project cost of Rs 19,422 crore," it said. On the status of the project, the ministry said the land acquisition and other related clearances are at an advanced stage. It is expected that work on the project will commence by the end of this year and will be completed by 2028-29, according to the statement. The plant will supply 1,450 MW of power to Tamil Nadu, 100 MW to Puducherry and 400 MW to Kerala, the ministry said. Tamil Nadu-based NLC, under the Ministry of Coal, operates three opencast lignite mines with a total installed capacity of 30 million tonnes per annum (MTPA) at Neyveli. Besides, it has an opencast lignite mine at Barsingsar in Raj

HC directs NLC to pay Rs 40,000 per acre as compensation to farmers in TN

The Madras High Court on Wednesday fixed a sum of Rs 40,000 per acre towards damage caused to the standing crops on account of Paravanar Canal Diversion activities carried out by the Neyveli Lignite Corporation (NLC) in Cuddalore district. The court also directed the affected farmers to approach the authorities, who in turn, shall pay the compensation amount on or before August 6, 2023. Justice S M Subramaniam passed the interim order and posted to August 7, further hearing of the petition filed by Murugan, seeking to restrain the authorities from interfering and disturbing the peaceful possession till harvest of the paddy grown in the agriculture field of the petitioner. The judge said there was no dispute on the legal position that on the completion of the process of acquisition proceedings, the land absolutely vests with the government and thereafter the erstwhile owners of the land have no right to enter into the property. However, in the present case, cultivation is going on f

NLC India board approves investment proposals worth Rs 14,945 crore

NLC India Ltd on Thursday said its board has approved investment proposals worth Rs 14,944.91 crore for setting up power and mining projects in Tamil Nadu. The company, which comes under the coal ministry, plans to invest over Rs 43,000 crore in various power and mining projects. According to a regulatory filing, the company's board of directors has approved the investment proposal for establishing Mine III (peak Capacity-11.50 MTPA & Normative capacity- 8.71 MTPA) at Neyveli, Tamil Nadu at an estimated cost of Rs 3,755.71 crore. The board has also given its go-ahead to the investment proposal to set up "TPS II 2nd Expansion Thermal Power Station (2 X 660 MW) at Neyveli, Tamil Nadu at an estimated cost of Rs 11,189.20 crore". NLC India has presence in TamilNadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman and Nicobar Islands. The company operates three opencast lignite mines of total installed capacity 28.50 Million Tonnes Per Annum (MTPA) at Neyveli, one opencast ...

NLC India to roll out power, mining projects worth over Rs 43,000 crore

The company signed a JV agreement with Coal India Ltd (CIL) to set up 5000 Mw of solar and thermal projects. These projects are expected to commence between 2023 and 2027

NLC on war footing to operationalise boiler units after Thursday mishap

The company has asked an expert to investigate the mishap, even as two of the eight workmen who sustained injuries are under special care

Discoms in southern states, Rajasthan to get Rs 15.23-bn benefits from NLC

Technical expertise and efficient mining operations, combined with Prudent cost management, helped reduce the cost of transfer price, say NLC officials

NLC Ltd to add 6,820 Mw of power at cost of Rs 27,740 crore

Kicks off inorganic growth with Rs 7,547-crore project

NLC pays Rs 229 crore interim dividend to Union govt

The total outgo to the company on its paid-up capital of Rs 1,677.71 crore is Rs 251.66 crore