Page 2 - Nlc India

Coal India may exceed capex target of Rs 16,500 crore for FY24: Govt

The government of Wednesday said the state-owned Coal India Ltd (CIL) is likely to exceed its capex target of Rs 16,500 crore for the current financial year. Coal India accounts for over 80 per cent of domestic coal output. "As we navigate through the current fiscal year of 2023-24, both CIL and NLCIL are on track to exceed their capex targets yet again... both CIL and NLCIL will exceed their annual capex targets, further bolstering India's economic growth trajectory," the coal ministry said in a statement. The capex target of NLC India Ltd (NLCIL) for the ongoing financial year is Rs 2,880 crore. The Ministry of Coal's capex target for FY24 is Rs 21,030 crore. Over the past few years, coal Central Public Sector Enterprises (CPSEs) have been over-achieving their capex targets. In FY22, CIL and NLCIL had achieved 104.88 per cent and 123.33 per cent of their capex targets, respectively. In FY23, both companies achieved around 113 per cent of their target. NLC India is a Navratna

NLC India Q3 results: Profit at Rs 254 cr, income declines to Rs 3,249 cr

NLC India on Tuesday reported a consolidated profit of Rs 254.10 crore for the quarter ended on December 31, 2023. The company had posted a consolidated loss of Rs 396.35 crore in the year-ago period. The consolidated income of the company during October-December period declined to Rs 3,249.391 crore from Rs 3,982.49 crore in the year-ago period, NLC India said in a filing to BSE. In a statement, the PSU said that NLCIL incorporated a new wholly-owned subsidiary NLC India Green Energy Ltd (NIGEL) to undertake green projects. NLC India is a Navratna company under the coal ministry. Its core business is mining and power generation.

Nalco, NLC India among 10 companies submit bids for coal mines for auction

The government on Monday said 10 companies, including Nalco, Gujarat Mineral Development Corporation, and NLC India, submitted bids for coal mines put up for sale under the eighth round of commercial mines auction. "Under the 8th round, a total of 35 coal mines were put up for auction and 7 bids were received against four coal mines. Under the second attempt of the seventh round, four coal mines were put up for auction and 3 bids have been received against 3 coal mines," the coal ministry said in a statement. A total of 10 companies have submitted bids in the auction process, the coal ministry said in a statement. Other companies from which the bids were received are TANGEDCO, OCL Iron, and Steel Ltd, JMS Mining Pvt Ltd, Shyam SEL & Power Ltd, SMN Tradecomm Pvt Ltd, Maa Durga Coal & Minerals Pvt Ltd, and Nilkanth Infra Mining Ltd. "The nominated authority, Ministry of Coal has opened bids for the 8th round and second attempt of the 7th round of commercial coal mines' auction ..

PM lays foundation stone for 1st phase of NLC India Talabira power project

Prime Minister Narendra Modi laid the foundation stone of the first phase of NLC India Talabira Thermal Power Project in Odisha. Odisha Governor Raghubar Das, Odisha Chief Minister Naveen Patnaik and several Union ministers including Dharmendra Pradhan and Ashwini Vaishnaw were present on the occasion, NLC India said in a statement on Saturday. "The government will always ensure to fulfil its promises. This government doesn't just lay the foundation stone of any project; it makes sure to inaugurate it. This thermal power project will ensure Odisha gets round-the-clock electricity supply and also open up employment opportunities for the youth," Modi said. With an estimated investment of over Rs 27,000 crore, this coal-based Ultra Super Critical Pit Head thermal power project signifies a monumental step towards fostering energy security and driving the nation's growth trajectory. The project encompasses a 2,400-MW capacity in its initial phase and plans for an additional 800 MW in th

BHEL surges 6% on buzz of winning Rs 19,422 cr order from NLC India

The stock was seen trading at its highest level since October 2015, backed by strong volumes on the BSE and NSE.

Construction-grade sand production plant to begin next month: NLC India

State-owned lignite producer NLC India on Wednesday said its proposed plant for manufacturing construction-grade sand using mine overburden is expected to begin operations by January-end. The plant is expected to produce civil construction-grade sand from mine overburden -- wastes generated during mining operations. Sand manufactured from mining wastes is important in view of the scarcity of natural sand. "This plant is expected to produce civil construction Grade M-sand of 2.62 lakh cubic metre per year from mine overburden...The plant is expected to be operationalised by end of January 2024," the public sector enterprise said in a stock exchange filing. Similar and high capacity plants will be installed in other mines of Neyveli (Tamil Nadu) in due course, the company said. "Bhoomi Puja for the proposed OB to M-Sand Plant at Mine-IA, Neyveli was performed on December 12," it said. Company's CMD Prasanna Kumar Motupalli said that the contract has already been awarded for executi

Stock of this PSU power generation company has zoomed 110% in 6 months

NLC today announced its foray into production of construction-grade sand from Mine Overburden with the inauguration of the proposed plant

NLC's Rs 4,400-cr lignite-to-methanol project to be completed by March 2027

The lignite-to-methanol project of NLC India Ltd, estimated at Rs 4,394 crore, at Neyveli, in Tamil Nadu is likely to be completed by March, 2027. The project is part of NLC's diversification plan. NLC has traditionally been into lignite mining and setting up lignite-based power plants. "The project is expected to complete by March-2027," the company said in a regulatory filing. The proposed lignite-to-methanol plant is in line with the Centre's coal gasification plan, a sustainable way of utilising the fuel to meet its ambitious net-zero plans. "The total period of the project is 42 months from the date of Letter of Award (LOA)," it added. In October last year, NLC had floated a global tender for awarding the project through project management consultancy Engineers India Limited (EIL) for gasification block (LEPC-1) of its Lignite-to-Methanol project at Neyveli, in Tamil Nadu.

NLC India exploring possibility of mining critical minerals, says CMD

NLC India Ltd is exploring the possibility of mining critical minerals, including lithium, and will participate in the auction of the blocks once they are on offer, company's CMD Prasanna Kumar Motupalli said on Friday. The statement comes at a time when the government is in the process of auctioning critical minerals. In an interview to PTI, Motupalli said,"NLC India has core competence of mining. We have been doing the mining operations since 1967 so we want to use this core competence in critical minerals also." "We are exploring the possibility and viability of the projects and we will certainly desire to enter into that area because that is going to be an area of future. So we are exploring all the possibilities to ensure that mines are taken," he explained. The core business of state-owned NLC India is coal and lignite mining and power generation. "We are exploring all the possibilities and the critical mineral blocks auction is yet to come. So once it will come we will chec

NLC India climbs over 12-year peak, rallies 5% on stable outlook

The company is hopeful that the possession of the required land will be made available at the earliest and will reach to the lignite production level as per the requirement of thermal power station.

NLC plans to set up 2,400 MW thermal plant in Odisha for Rs 19,422 crore

NLC India Ltd is planning to set up a 2,400 MW coal-based plant in Odisha. The plant will be set up at an investment of Rs 19,422 crore at Talabira in Odisha, the Ministry of Coal said in a statement on Wednesday. "NLC has planned a 3x800 MW thermal plant in Odisha. This is a pithead thermal plant near Talabira coal mines of NLC with a project cost of Rs 19,422 crore," it said. On the status of the project, the ministry said the land acquisition and other related clearances are at an advanced stage. It is expected that work on the project will commence by the end of this year and will be completed by 2028-29, according to the statement. The plant will supply 1,450 MW of power to Tamil Nadu, 100 MW to Puducherry and 400 MW to Kerala, the ministry said. Tamil Nadu-based NLC, under the Ministry of Coal, operates three opencast lignite mines with a total installed capacity of 30 million tonnes per annum (MTPA) at Neyveli. Besides, it has an opencast lignite mine at Barsingsar in Raj

22 companies place 35 bids for 18 coal blocks in commercial mining auction

Around 22 companies, including state-owned NTPC and NLC India and private player JSPL, have placed bids in the seventh round of coal auctions under which 103 blocks were put on offer, an official statement said on Wednesday. A total of 35 bids (both online and offline) were received for 18 coal mines under the latest round, the Ministry of Coal said in a statement on Wednesday. Of these 18 coal mines, nine are partially explored whereas the remaining mines are fully explored. The cumulative peak rated capacity (PRC) of the fully explored coal mines is 51.80 million tonne per annum (MTPA). 17 coal mines are non-coking coal mines whereas one mine is a coking coal mine. According to the Ministry, Jindal Steel and Power Ltd (JSPL), NLC India, Bajrang Power and Ispat Limited, Gujarat Mineral and Development Corporation (GMDC) and Bull Mining Pvt Ltd have bid for three blocks each. Hindalco Industries Limited, NTPC Mining and Sunflag Iron and Steel Ltd have bid for two coal mines each i

NLC India JV plant in Ghatampur to supply 492 MW of electricity to Assam

State-owned NLC India joint venture Neyveli Uttar Pradesh Power has inked a pact to supply 492 MW of electricity to Assam from its 1,980 MW Ghatampur thermal plant. Neyveli Uttar Pradesh Power Ltd (NUPPL), a joint venture of NLC India and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd, is setting up a coal-based supercritical thermal power plant with a capacity of 1,980 MW (3 x 660 MW) at Ghatampur Tehsil in Kanpur Nagar District, Uttar Pradesh, with 51:49 equity participation. NUPPL and the Assam government on Tuesday announced the signing of a power purchase agreement (PPA) to ensure a steady and reliable power supply of 492 megawatts (MW) to the state from the former's 1,980 MW Ghatampur Thermal Power Plant. The PPA was signed and exchanged between NUPPL CEO CS Santhosh and Chandan Deka, Chief General Manager/Commercial & EE, APDCL, at Bijulee Bhawan in Guwahati. Under the agreement, NUPPL will supply 492.72 MW of power to the Assam government. This reliable energy supply will ..

NLC India board approves raising up to Rs 5,000 crore through bonds

The company's board has also approved a proposal for the incorporation of a wholly-owned subsidiary company to take over the existing renewable assets

NLC India reports consolidated loss at Rs 396 crore in December quarter

NLC India Ltd on Monday reported a consolidated loss of Rs 396.35 crore for the quarter ended on December 31, 2022. The company had posted a consolidated profit of Rs 229.88 crore in the corresponding quarter of previous fiscal, NLC India said in a regulatory filing. The consolidated income of the company during the October-December period increased to Rs 3,982.49 crore, over Rs 2,845.08 crore in the year-ago period, the filing said. The PSU said that its board has declared an interim dividend of 15 per cent, i.e. Rs 1.50 per equity share, for 2022-23. NLC India, which comes under the coal ministry, is into mining and power generation.

Vinay Rajani recommends to hold longs on Nifty with a stop at 18,200

Among individual stocks, the technical & derivative analyst from HDFC Securities is bullish on NLC India and Mazagon Dock.

Nifty needs to close above 18,730 to resume rally, says Vinay Rajani

The technical & derivative analyst from HDFC Securities recommends buying NLC India and Karnataka Bank among individual stocks.

Mehul Kothari expects NLC India, DLF to gain in the near term; check why

According to the technical analyst from Anand Rathi, NLC India can rally to Rs 100, while DLF can jump to Rs 435.

NLC India reports 111.6% rise in Q2 profit to Rs 417 cr on higher revenues

State-owned NLC India Ltd (NLCIL) on Friday reported a 111.6 per cent increase in its consolidated profit at Rs 417.03 crore for the quarter ended September 30, 2022, due to higher revenue from operations. The company had posted a consolidated profit of Rs 197.02 crore in the year-ago period, NLC India said in a filing to BSE. The consolidated revenue from operations of the public sector unit in the July-September period increased to Rs 3,489.28 crore from Rs 3,093.80 crore in the year-ago period. NLCIL is a navratna company under the administrative control of the coal ministry.

Stocks to Watch: IndusInd Bank, Delhivery, Tracxn, Shoppers Stop, ITC, NLC

Stocks to watch today: Tracxn Technologies will make its debut on the bourses Thursday. As per IPO Watch, it may see a muted listing with flat to a negative discount. The issue price is Rs 80 a share