NLC climbs ~2% as it creates new record of performance on all fronts in FY22

7 Apr 2022 , 02:06 PM

Navratna PSU, NLC India Ltd. achieved record physical performance on all fronts during the FY 2021-22. The company has created a new record in terms of electricity generation, with the Power stations of NLC India Limited and its subsidiaries together generating 2,920 crore units of electricity (29.20 billion units) during the fiscal year 2021-22. This is the highest-ever generation in a financial year since the inception of the company and is 18.64% higher than the previous year’s generation which was 2,461.30 crore units.

The company and its subsidiaries altogether recorded an export of 2,589 crore units of power to the DISCOMS during the year under reference, registering a growth of 19.75% more than the previous year, creating a new export record.

The company began its Coal production in April 2020 and this year 2021-22, the Talabira Coal Mine in Odisha has reported a production of 63.58 lakh tonnes of Coal, which is 527% higher than the coal production made during the year 2020-21, surpassing the target of 40 lakh tonnes set by the Coal Ministry.

The Solar Power Plants and the Wind Power plants have generated 218.40 crore Units of electricity – the highest since inception, which is also 5.93% higher than the previous year’s (2020-21) figure of 206.17 crore units.

During the current fiscal, the company recorded a collection of Rs15,486 crore from the DISCOMS, setting up a new record in revenue collection since inception.

NLC India is currently trading at Rs70.55 up by Rs1.25 or 1.8% from its previous closing of Rs69.30 on the BSE. The scrip touched intraday high and low of Rs72.70 and Rs69.30 respectively.