New Delhi: NLC India Limited on Tuesday reported a consolidated profit of Rs 254.10 crore for the quarter ended on December 31, 2023.
The company had posted a consolidated loss of Rs 396.35 crore in the year-ago period.
The consolidated income of the company during October-December period declined to Rs 3,249.391 crore from Rs 3,982.49 crore in the year-ago period, NLC India said in a filing to BSE.
In a statement, the PSU said that NLCIL incorporated a new wholly-owned subsidiary NLC India Green Energy Ltd (NIGEL) to undertake green projects.
NLC India is a Navratna company under the coal ministry. Its core business is mining and power generation.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)