NLC India has received reaffirmation in credit ratings as under:Total bank facilities rated (Rs 6659 crore) - CRISIL AAA/ Stable Non convertible debentures (Rs 3000 crore) - CRISIL AAA/ Stable Powered by Capital Market - Live News

NLC India has incorporated a wholly owned subsidiary, NLC India Green Energy to carry out future renewable energy projects. NLC India has won 600 MW solar power project in the GSECL Khavda Solar Park tender floated by GUVNL through competitive bidding process. In line with the policy of developing RE projects under the green energy subsidiary, the project developed has been vested with NLC India Green Energy. NLC India Green Energy has signed the power purchase agreement with Gujarat Urja Vikas Nigam for the proposed 600 MW solar power project at Khavda Solar Park, Bhuj, Gujarat. Powered by Capital Market - Live News

NLC India announced that the Board of Directors of the Company at its meeting held on 6 February 2024, inter alia, have recommended the interim dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of NLC India reported to Rs 250.42 crore in the quarter ended December 2023 as against net loss of Rs 406.74 crore during the previous quarter ended December 2022. Sales declined 13.99% to Rs 3164.40 crore in the quarter ended December 2023 as against Rs 3679.01 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales3164.403679.01 -14 OPM %28.59-7.57 - PBDT848.15-207.30 LP PBT402.04-667.02 LP NP250.42-406.74 LP Powered by Capital Market - Live News

NLC India has designated Dr. Prasanna Kumar Acharya, Director (Finance), as the Chief Financial Officer (CFO) of the Company w.e.f. 06 February 2024. Powered by Capital Market - Live News