Latest News | NLC India Q1 Profit Rises 21 Pc to Rs 343 Cr

New Delhi, Sep 4 (PTI) NLC India Ltd on Friday reported a 21 per cent rise in consolidated profit to Rs 343.48 crore for the quarter ended June 30.

The company had posted a consolidated profit of Rs 283.77 crore in the corresponding quarter of the previous fiscal, NLC India said in a filing to BSE.

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Consolidated income increased to Rs 3,065.80 crore in the quarter under review, from Rs 2,330.69 crore in the year-ago period.

The company is engaged in mining and power generation.

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It further said since power is an essential service, the management believes there is not much material impact of the COVID-19 pandemic on the business of the group.

However, the coal production target of Talabira-II and III coal mines for 2020-21 has been reduced from 1.25 million tonnes (MT) to 0.937 MT due to COVID-19, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)