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NLC India Ltd quarterly revenue grows by 17.72% to `2326 crore

 MPost |  2017-08-13 16:23:55.0

NLC India Ltd quarterly revenue grows by 17.72% to `2326 crore

Neyveli: The total revenue of NLC India Ltd for the first quarter of 2017-18 stood at Rs 2325.70 Crore as compared to Rs 1975.57 Crore in the same Quarter last year registering a positive growth of 17.72%.

The company's total comprehensive income (PAT) during the current Quarter stood at Rs 291.79 Crore as compared to Rs 230.75 Crore in the same Quarter last year registering a growth of 26.45%.
The results are the outcome of physical growth in power generation (duly supported by lignite dispatch from Mines) which reached 5275.52 MU in the first quarter (April – June 2017) as against 5067.47 MU in the corresponding quarter of the last year.
During the current quarter, the company faced surrender of power to the tune of 783.90 MU out of which 198.44 MU could be traded in power market fetching a total revenue of Rs 61.20 crores.

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