NLCIL Q2 PAT jumps nearly 4-fold at Rs 1,121 cr

NLC India Limited (NLCIL), a Navratna Central public sector undertaking under the administrative control of the Ministry of Coal, has reported 205 per cent year-on-year (Y-o-Y) growth in PAT (profit after tax) at Rs 1,121 crore during July-September quarter (Q2) of financial year 2023-24.

During the quarter, NLCIL has bagged 810-MW Grid connected solar project tender floated by RVUNL in Rajasthan. It has also won the bid for North Dhadu (Western Part) Commercial Coal Mine in e-auction. This is the first mine won by the company under commercial auctions.

The PPA (power purchase agreement) was signed between NLCIL and GRIDCO for supply of 800 MW from Talabira Thermal Plant in this quarter. Also, the PUA (power usage agreement) was signed between NLCIL and RUVNL for supply of 300-MW solar power under CPSU Scheme.

The PAT for the half year period increases over 66 per cent to Rs 1,452 crore as against Rs 873 crore in the corresponding period of the previous year. The EBITDA of the company for the half year has seen a growth of 36.75 per cent at Rs 3,278 crore as against Rs 2,397 crore in the same period last year.

The revenue from operation for the half year stood at Rs 5,072 crore as against Rs 5,847 crore respectively in a year-ago period. The total income of the company for the half year was Rs 5,434 crore when compared to Rs 5,998 crore in the corresponding period of the previous year.