NLC India is engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy Sources.(Source : 202003 Annual Report Page No:89)
Financial Results:
- NLC India Ltd reported Revenues for Q2FY24 of ₹2,978.00 Crores down from ₹3,489.00 Crore year on year, a fall of 14.65%.
- Total Expenses for Q2FY24 of ₹2,812.00 Crores down from ₹3,081.00 Crores year on year, a fall of 8.73%.
- Consolidated Net Profit of ₹1,086.00 Crores up 160.43% from ₹417.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹7.82, up 164.19% from ₹2.96 in the same quarter of the previous year.