NLC India Limited (NLC), a leading Indian coal producer and power generator, has released its business report for the first quarter (Q1) of the financial year 2024-25 (FY2025). The report highlights positive growth across key performance indicators, including lignite and coal production, power generation, and market capitalisation.
NLC achieved a significant 22.12% increase in lignite production during Q1 FY2025. Production reached 61.72 Lakh Tonnes (LT) compared to 50.54 LT in the corresponding quarter of the previous fiscal year (FY2024). Coal production also witnessed an upward trend, rising by 5.27% to 28.46 LT in Q1 FY2025, compared to 21.04 LT in Q1 FY2024. This combined growth in lignite and coal production resulted in a total fuel production increase of 0.98%, reaching 90.18 LT in Q1 FY2025 compared to 71.58 LT in Q1 FY2024.
NLC’s commitment to clean energy is reflected in its rising renewable power generation. The company’s gross power generation climbed to 7,553.62 Million Units (MU) in Q1 FY2025, representing an 11.04% increase over the 6,843.09 MU generated in Q1 FY2024. This growth is partly attributed to a rise in renewable power generation, which reached 546.63 MU in Q1 FY2025, compared to 539.28 MU in the same period of the previous year.
NLC’s strong financial performance is reflected in its rising market capitalisation. The company’s share price climbed by 5.28% during Q1 FY2025, increasing from ₹228.10 per share to ₹240.15 per share. This upward trend indicates growing investor confidence in NLC’s future prospects.
NLC India’s Q1 FY2025 performance sets a positive tone for the rest of the fiscal year. The company’s focus on increased production, a commitment to renewable energy integration, and a strong financial standing position it for continued growth and success.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Jul 3, 2024, 4:27 PM IST
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