Wednesday, February 28, 2024

Ads by Google

Ads by Google

Anant Ambani, Radhika Merchant pre-wedding bash: Rihanna’s team lands in Jamnagar. Watch video

Feb 28, 2024, 06:47PM ISTSource: etimes.inAnant Ambani and Radhika Merchant are set to host their star-studded pre-wedding festivities in Gujarat's Jamnagar. The event will...
HomeBusinessNLC India releases Q3 results with a growth of 253%

NLC India releases Q3 results with a growth of 253%

NEW DELHI: Government of India undertaking Neyveli Lignite Corporation India Limited released it financial quarter 3 results on Tuesday. The public sector undertaking under the administrative control of ministry of coal, registered a standalone profit of Rs 1,673 crores as against Rs 474 crores last year with a growth of 253% and a consolidated profit of Rs. 1,753 crores as against Rs 590 past year. The undertaking also paid Rs 962 crores in taxes in quarter 3 as against Rs 209 crores last year.

India ltd. achieved capital expenditure of Rs 3,493 crore against the annual target of Rs 2,880 crore. the undertaking has also declared 15% interim dividend for Financial year 2023-24
The undertaking was awarded EPC contract to BHEL for setting up (3×800 mega watt) pit head ultra super critical


thermal power project in Odisha, whose foundation stone was laid by Prime Minister

Narendra Modi

In December, 2023,


mines was also awarded with 13 star rating by the ministry of coal with NLC mines rated as the best mines in the country consistently for two years.

It is notable that NLCIL has also incorporated a subsidiary NLC India Green Energy ltd (Nigel) to undertake green initiatives

Stay Informed: Subscribe to Our Latest News Updates Be the First to Know! Subscribe to Our Latest News Notifications for Up-to-Date Information, Exciting Announcements, and Exclusive Content. Stay Ahead of the Curve, Sign up Today! No Yes