NLCIL declared Financial Results for the financial year ended 31st March 2019 PERFORMANCE

NLCIL declared Financial Results for the financial year ended 31st March 2019

 

Neyveli: During the current FY 2018-19 the company has successfully commissioned 404 MW of Solar Power Plants in Tamil Nadu & Andaman and increased its renewable footprint from 291 MW to 695 MW.
 
The Plant Load Factor (PLF) of Thermal Power Stations achieved 73.03% and 70.52% on standalone and consolidated basis respectively for the FY 2018-19 against the National Average Thermal PLF of 61.07%
 
The Power generation achieved 20,677 MU as against 20,741 MU in the corresponding previous FY. Out of the total power generation, renewable power accounted for 585 MU against 200 MU in the previous FY.
 
The Power export achieved 17,505 MU as against 17,419 MU in the corresponding previous FY. The Lignite Sales increased by 55% from Rs 372.57 Cr to Rs 579.28 Cr in the corresponding previous FY. Power surrender has reduced from 3525 MU to 2872 MU
 
The total revenue for the FY 2018-19 is Rs.8059.27 Cr as against Rs.9083.05 Cr in the corresponding previous FY. The dip in revenue is mainly on account of reduction of lignite transfer price (Rs.420 Cr), implementation of Ind As115 (Rs.658 Cr) and non- applicability of clean energy cess (Rs.220 Cr) in the current FY and having no impact on bottom line.
 
The profit for the year is Rs.1266.97 Cr as against Rs.1848.78 Cr in the corresponding previous FY. The dip in profit is mainly on account of lower plant availability, decrease in Lignite Stock and implementation of VRS. 
 
The Company achieved highest ever CAPEX of Rs 7,111 Cr during the FY 2018-19.


Posted Date :  31-05-19

Categories : PERFORMANCE

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