NLC India on Friday said that it has made a capacity addition of 517.5 MW, using ‘first of its kind technology’ during the F/Y 2020-21, with 500 MW of Lignite based Thermal Power and 17.5 MW of Solar with Battery Energy Storage System. With this, the company and its subsidiaries installed power generating capacity has increased to 6,061.06 MW.
In the fiscal FY21, the company also entered into the Coal Mining business by commencing coal production at its Talabira Mines in Odisha, with a capacity of 2OMTPA. With this, the Total Mining Capacity of the Company has increased from 30.60 MTPA to 50.60 MTPA. The Mine also surpassed its first-year Target of 0.937 MTPA and achieved actual coal production of 1.013 MTPA.
Also, the company its subsidiaries generated 24,613 MU of Power during FY 2020-21. It has augmented its renewable power plants, in line with the Govt of India’s vision on Renewable Energy (RE), and the present installed capacity of RE is 1,421.06 MW. The Renewable Power Generation is up by 39%, from 1.481 MU in the previous year, to 2,057 MU in F/Y 2020-21.
Notably, the company made its entry in Trading of Power in a big way, Round-the-clock trading of surrendered power of NLCIL Thermal Power Stations through Real-Time Market (RTM) commenced from June 01, 2020, and the Company has since traded 868.78 MU, earning a Gross Revenue of Rs.216 Cr.
Moreover, the company and its subsidiaries realisation of power dues from DISCOMs has also crossed Rs11,300cr in the fiscal.
On Sensex, NLC India finished at Rs49.45 per piece up by 0.92%.