In This Article:
Release Date: November 05, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
-
NLC India Ltd (BOM:513683) achieved a significant milestone by completing the permanent diversion of the Parana River, which will benefit local farmers with continuous water supply.
-
The company secured renewable energy project capacity of two gigawatts, reinforcing its commitment to renewable energy.
-
NLC India Ltd's lignite and coal mines received prestigious five-star ratings, highlighting their top performance in the industry.
-
The company reported a 12% growth in revenue from operations and a 20% increase in total income compared to the previous year.
-
NLC India Ltd successfully increased its coal production, achieving the highest coal production levels in its history.
Negative Points
-
Land acquisition issues have previously hindered mine operations, affecting power generation.
-
There were challenges related to hall road limitations and legal issues impacting coal production.
-
The company faced backlash from various sections of society regarding the river diversion project.
-
Despite growth, the profit after tax only increased by 3%, indicating potential margin pressures.
-
There are ongoing concerns about lignite shortages, although the company claims these have been resolved for the next 25 years.
Q & A Highlights
Q: What is the current status of lignite production and any potential shortages? A: Unidentified_3 (Chairman and Managing Director) stated that there are no current lignite shortages affecting production. The company has resolved previous issues related to land acquisition and river diversion, ensuring a stable supply for the next 25 years.
Q: Can you provide details on the company's renewable energy projects and their progress? A: Unidentified_3 (Chairman and Managing Director) mentioned that NLC India has formed a wholly-owned subsidiary, NLC India Green Energy Limited, to focus on renewable energy projects. The company has secured a renewable energy project capacity of two gigawatts and is actively working on expanding its renewable portfolio.
Q: What are the financial highlights for the quarter and half-year ending September 30th? A: Unidentified_3 (Chairman and Managing Director) reported a revenue growth of 12% from operations, with total income increasing by 20%. The profit after tax grew by 3% compared to the previous year. The company also saw a significant increase in coal production and power generation.