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NLC powers H1 profit to higher level of `647.35 cr

NLC powers H1 profit to higher level of `647.35 cr

New Delhi: NLC India Limited reported profit for the half year ended September 30, 2018 is Rs. 647.35 crore compared to Rs.642.97 crore in the corresponding period of previous year, registering a marginal growth.

Lignite production during the half year ending September 30, 2018 is 99.41 LT compared to 101.26 LT in the corresponding period of previous year.

Power sale during the half year ending September 30, 2018 is 8,116.98 MU as against 8,617.76 MU in the corresponding period of previous year.

Lignite sale during the half year ending September 30, 2018 is 15.82 LT as against 6.26 LT in the corresponding period of previous year.

The total Revenue of the Company during the half year ending September 30, 2018is Rs.3,722.18 crore as against Rs.4,459.09 crore in the corresponding period of the previous year. Reduction in turnover is mainly on account of non-applicability of Clean Energy Cess after introduction of GST and application of INDAS 115 from 1st April'2018 by the Company and these having no impact on bottom line.

The power surrender (net) during the half year ending September 30, 2018 is reduced to 1,217.31 MU as against 1,399.07 MU in the corresponding period of the previous year.

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