NLC’s registers a net profit of Rs 619.3 million in September quarter

NLC India Limited’s net profit stood at Rs 619.3 million for the quarter ended September 2020, a decrease of 77 per cent as compare to the quarter ended in September 2019. 

The company has recorded a consolidated profit before tax (PBT) of Rs 2.88 billion in quarter ended September 2020, a decrease of 38.4 per cent as against Rs 4.68 billion recorded in the corresponding quarter of 2019. Power generation during the quarter and half year ended 30 September 2020 stood at 3,791.31 MUs and 9,489.92 MUs respectively as against 5,273.02 MUs and 10,332.13 MUs respectively in the corresponding period of the previous year. The reduction in generation was mainly due to fire incident in TPS-II and retirement of TPS-I, partly offset by operation of new units of Unit-I of NNTPS (500 MW) and solar 709 MW.

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