NLC reports 21 per cent in consolidated profits for quarter ended June 2020

NLC India Limited reported a 21 per cent rise in consolidated profit for the quarter ended June 2020 to Rs 3.43 billion compared to a consolidated profit of Rs 2.83 billion in the same period of the previous year.

Its consolidated income increased to Rs 30.65 billion in the quarter under review, from Rs 23.30 billion in the same period of the previous year. According to NLC, there is not much material impact of the COVID-19 pandemic on the business of the group. However, the coal production target of Talabira-II and III coal mines for 2020-21 has been reduced from 1.25 million tonnes (mt) to 0.937 mt due to Covid-19.

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