Shares of NLC India Ltd gained 1% on Wednesday, 5 February, after the corporate emerged as a profitable bidder for a brand new Patrapara South Coal Mine in Angul District of Odisha.
With a complete geological useful resource of 720.87 million tonnes (roughly), the coal mine block has a peak-rated capability of 12 million tonnes per yr.
The corporate claims that that is its third business coal mine and that, consistent with its company plan 2030, it has dedicated to 100 million tonnes of mining capability.
The corporate’s web revenue climbed from Rs 250.42 crore in December 2023 to Rs 668.09 crore, a 166.8% rise.
Operational earnings climbed from Rs 3,164.40 crore to Rs 4,411.41 crore, a 39.4% rise from the earlier yr.
In January, the corporate’s subsidiary NLC India Renewables and Assam Energy Distribution signed a three way partnership deal to construct a solar energy facility in Assam.
The share hit a 52-week excessive of Rs 311.65 and a 52-week low of Rs 193.00 on 16 July 2024 and 5 June 2024.
Nevertheless, at 12:03 pm, the shares of NLC India had been buying and selling 0.83% increased at Rs 225.84 on NSE.
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