NLC India announced that the Board of Directors of the Company at its meeting held on 15 May 2024, inter alia, have recommended the final 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 declined 86.23% to Rs 114.23 crore in the quarter ended March 2024 as against Rs 829.67 crore during the previous quarter ended March 2023. Sales declined 31.04% to Rs 3540.61 crore in the quarter ended March 2024 as against Rs 5134.04 crore during the previous quarter ended March 2023.For the full year,net profit rose 32.84% to Rs 1854.08 crore in the year ended March 2024 as against Rs 1395.68 crore during the previous year ended March 2023. Sales declined 19.59% to Rs 12999.03 crore in the year ended March 2024 as against Rs 16165.24 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales3540.615134.04 -31 12999.0316165.24 -20 OPM %9.4124.08 -27.2022.66 - PBDT627.771736.78 -64 4706.533868.90 22 PBT165.421265.20 -87 2881.642068.11 39 NP114.23829.67 -86 1854.081395.68 33 Powered by Capital Market - Live News

NLC India will hold a meeting of the Board of Directors of the Company on 15 May 2024Powered by Capital Market - Live News

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