Latest news with #NeyveliLigniteCorporationIndiaLimited
New Indian Express
6 days ago
- Business
- New Indian Express
NLCIL wins two blocks in Tranche V auction of critical minerals in Chhattisgarh; to boost fertiliser, energy sectors
CUDDALORE: Neyveli Lignite Corporation India Limited (NLCIL) has emerged as the preferred bidder for two strategic mineral blocks, Raipura and Semhardih, in the Tranche V auction conducted by the Ministry of Mines. Both blocks, located in Chhattisgarh, contain reserves of phosphorite and limestone, which are essential for India's fertiliser and industrial sectors. In a press statement on Wednesday, NLCIL said, 'With production of phosphorite from these mines, the huge dependence on imports can be reduced and can greatly contribute to the sustainability and growth of the agriculture sector in the country.' The company stated that the Raipura block was secured with a final price offer of 8.60%, while the Semhardih block was won with a final offer of 11.05%. 'These acquisitions are aligned with NLCIL's long-term strategy to expand its presence in the mining of critical minerals, which are increasingly vital for clean energy technologies, fertilisers, electronics, and industrial processes,' the statement added. CMD of NLCIL, S Prasanna Kumar Motupalli, said, 'The acquisition of these critical mineral blocks is a proud moment for NLCIL and a significant step in supporting the Government's vision of ensuring a resilient and sustainable mineral ecosystem. Phosphorite is crucial for food security and the fertiliser industry, and securing these resources strengthens our country's journey towards self-reliance.'
New Indian Express
23-05-2025
- Business
- New Indian Express
NLCIL celebrates 69th Raising Day with tributes, innovations, and new mascot
CUDDALORE: Neyveli Lignite Corporation India Limited (NLCIL) celebrated its 69th Raising Day on Tuesday, commemorating nearly seven decades of service in the energy sector. The celebration began with the garlanding of the statue of Jambulinga Mudaliar, who had donated land for the formation of NLCIL. The NLCIL flag was hoisted at all units by respective unit heads. At the corporate office, CMD Prasanna Kumar Motupalli hoisted the flag in the presence of former CMDs, senior officials, trade union and association representatives, and employees. A smart automatic sliding glass door, equipped with sensor-based technology to identify employees and visitors, was inaugurated at the corporate office entrance by the CMD Prasanna Kumar Motupalli. A formal function was held in the evening at Lignite Hall. Former CMDs were felicitated for their contributions. A new mascot, a lion named Neyon, was unveiled to serve as the brand ambassador for NLCIL, symbolising power and progress. Delivering the presidential address, CMD Prasanna Kumar Motupalli said, 'We pay our tributes to Jambulinga Mudaliar, the man behind the formation of NLCIL. We also express our gratitude to all employees, stakeholders, and their families who were part of the company's journey.' A book titled 'The Guiding Light – NLCIL Ethics Book' was released to inspire employees to make decisions rooted in ethics and integrity. Ten retired employees and their spouses were honoured by the CMD, functional directors, and chief vigilance officer (CVO), recognising their role in the evolution of NLCIL.
The Hindu
20-05-2025
- Business
- The Hindu
Neyveli Lignite Corporation clocks record profit, coal-lignite production in 2024-25
During a record-breaking fiscal, the Neyveli Lignite Corporation India Limited (NLCIL) has registered the highest yet production volumes of lignite and coal, Profit After Tax (PAT) of ₹2,713.61 crore, EBIDTA of ₹6,512.96 crore and CAPEX of over ₹7,700 crore. Announcing the financial results and performance highlights of the final quarter and end of the fiscal, the NLCIL said the company posted its ever highest Profit After Tax (PAT) of ₹2,713.61 crore even as revenue from operations aggregated ₹15,282.96 crore, a 17.55% increase over the ₹13,001.33 crore of the previous year. The 2024-25 fiscal also saw the highest ever Profit Before Tax (PBT) of ₹3,696.93 crore in the history of the Navratna class Public Sector Undertaking established in 1956, a 28.29% increase over the ₹2,881.64 crore netted in the previous year. The net income totalled ₹16,889.45 crore against ₹13,948.47 crore in the corresponding period of the previous year, registering a growth of 21.08%. The CAPEX of more than ₹7,700 crore was also the highest ever in the group's history. So was the EBITDA of ₹6,512.96 crore. The NLCIL said it also achieved the highest ever coal production of 172.02 LT with a 36.08% growth compared to 126.41 LT in 2023-24 alongside the lignite production of 240.60 LT with 1.60% growth compared to 236.80 LT in the previous fiscal. The gross power generation aggregated 27,865.58 MU with 2.8% growth compared to 27,106.21 MU in 2023-24. This includes renewable energy power generation of 2094.33 MU, a press note from NLCIL said. Among the other key achievements were the all India top ranking for the TPS-I expansion in cumulative Plant Load Factor among lignite-fired thermal power stations up to February 2025 and the Barsingsar Thermal Power Station (BTPS) among India's lignite-based thermal power plants. Also among the high points was the commercial onstreaming of Unit-1 (660 MW) of Ghatampur Thermal Power Project that pitchforked NLCIL into an elite club of super critical thermal operations, bagging the Machchakata (Revised) Coal block (30 MTPA), securing the New Patrapara (South) Coal Mine Project (12 MTPA) and associated CMDPA and inking a MoU with M/s. DVC for supply of 2.0 MTPA of coal from Talabira-II&III OCP mines. The NLCIL has also obtained Forest Clearance (Stage-I) and environmental clearance for Pachwara South Coal Block and signed a non-binding MoU with the Odisha government for establishment of Mines (42 MTPA) and thermal projects (2,400 MW) and Renewable (2000 MW) projects. Its LoA from SJVN Limited will involve development of 200 MW Wind power project (₹3.74/kWhr) and another 1000 MW Renewable Energy project in Assam via the joint venture 'NIRL Assam Renewables Ltd.' with Assam Power Distribution Company Limited. Meanwhile, its subsidiary, the NLC India Renewables Limited, has signed a Power Purchase Agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL), for a 810 MW Solar Power Project at Pugal Solar Park, Rajasthan. NLCIL and IREL have also signed an MoU to collaborate in the critical mineral sector. The Ministry of Coal declared star rating for the performance base year 2023-24 and rated NLCIL three Mines (Mine-IA, Talabira & Barsingsar Mine) with 5 star rating and two Mines (Mine-I & Mine-II) with 4 star rating under Open Cast Mines category. Mine-IA stood at first position among 228 mines, the press note said. The NLCIL has recommended a final dividend of 15% (1.5 per share), in addition to an interim dividend of 15%, for 2024-25 subject to approval of the next Annual General Meeting.
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Business Standard
20-05-2025
- Business
- Business Standard
Why did NLC India share price rally 9% on May 20? Key details here
NLC India share price: NLC India shares rallied on Tuesday, May 20, 2025, with the scrip rising up to 8.73 per cent to hit an intraday high of ₹257 per share. However, by 11:00 AM, NLC India share prices were off day's high and were trading 4.29 per cent higher at ₹246.50 per share. In comparison, BSE Sensex was trading 0.12 per cent lower at 81,962.45 level. Why did the NLC India share rise today? NLC India share rose on the back of a strong quarter earnings. The company reported its Q4FY25 results on May 19, post market hours. The company's profit zoomed more than four (4) times or 321.9 per cent year-on-year (Y-o-Y) to ₹482 crore in the March quarter of FY25, from ₹114 crore in the March quarter of FY24. The revenue from operations jumped 8.3 per cent Y-o-Y to ₹3,836 crore in Q4FY25, from ₹3,540.6 crore in Q4FY24. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) soared 43 per cent annually to ₹861.4 crore in Q4FY25, from ₹602.2 crore in Q4FY24. Subsequently, Ebitda margin expanded 544 basis points (bps) to 22.45 per cent, from 17.01 per cent a year ago. For FY25, revenue from operations stood at ₹15,282.96 crore, as against ₹13,001.33 crore last fiscal year, marking a growth of 17.55 per cent. Notably, the company posted its highest-ever Ebitda and PAT at ₹6,512.96 crore and ₹2,713.61 crore, respectively, for FY25. About NLC India NLC India, formerly known as Neyveli Lignite Corporation India Limited, is a prominent Central Public Sector Undertaking (CPSE) under the Ministry of Coal. The company is primarily engaged in lignite mining and power generation. With major operations in Neyveli, Tamil Nadu, and Barsingsar, Rajasthan, NLC India plays a vital role in the country's energy sector by extracting lignite and using it to fuel thermal power stations. In addition to lignite-based power generation, NLC India has expanded into the renewable energy space, contributing to India's clean energy goals. The company operates several thermal power stations with a total capacity of approximately 3,640 MW and has built a renewable energy portfolio of over 1,421 MW, primarily from solar power.
