NLCIL posts PAT of Rs 292 cr in first quarter


Energy technology through the quarter stood at 5,698.60 MU. (Picture: Reuters)

Public-Sector energy enterprise NLC India (NLCIL) on Saturday reported a 9.44% drop in its revenue after tax (PAT) for the primary quarter of FY’21 at Rs 292.54 crore as towards Rs 323.04 crore within the corresponding interval of the earlier yr. The overall revenue of the corporate for the quarter ended was at Rs 2,386.86 crore as towards Rs 1,904.03 crore within the corresponding interval of the earlier yr, registering a development of 25.36%.

Through the quarter, the corporate recognised as an distinctive merchandise, the one-time rebate of Rs 42.09 crore to discoms on account of Covid-19 pandemic based mostly on tips issued by the Union energy ministry, in line with a launch issued by the NLCIL. Energy technology through the quarter stood at 5,698.60 MU as towards 5,059.11 MU within the corresponding interval of the earlier yr, registering a development of 12.64% primarily on account of commissioning of unit-I of NNTPS (2X 500 MW) and of 709 MW photo voltaic undertaking within the third quarter of the earlier yr, it mentioned.

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