Latest news with #RajasthanRajyaVidyutUtpadanNigamLimited
New Indian Express
4 days ago
- Business
- New Indian Express
Expedite prep work on SCCL's renewable energy projects: Telangana Minister Bhatti
HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka has directed officials to expedite preparatory works for Singareni's upcoming renewable energy projects — an 800 MW floating solar plant, a 500 MW wind power plant and a 500 MW pumped storage power plant — and to complete them within fixed deadlines. On Saturday, he held a review meeting with the officials to assess Singareni's business expansion plans, including renewable energy projects. During the review, he emphasised the importance of moving swiftly on these initiatives. He instructed officials to obtain permissions from the Irrigation department for the proposed 300 MW and 500 MW floating solar plants on Lower Manair Dam and Mallannasagar respectively. He asked them to initiate formal correspondence and maintain continuous communication with relevant departments to expedite approvals. He stressed that these projects must be undertaken in a highly profitable manner. He also instructed that the Detailed Project Reports (DPRs) for the 500 MW wind power plants, which are to be set up across five districts of the state, must be completed by the end of next month. He advised the use of advanced technology to enhance the feasibility and appeal of this innovative project. He further directed speedy implementation of the agreement signed with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for setting up a 1,500 MW solar power plant in Rajasthan's Solar Valley. In addition, he held detailed discussions on establishing an 800 MW thermal project as part of this collaboration and advised that steps be taken to present this proposal in the Cabinet at the earliest. The deputy CM also reviewed the progress of other initiatives like the Green Hydrogen Plant and Battery Storage System proposed by SCCL. He directed that a centralized dashboard be developed to monitor the performance and progress of all projects under the Energy department in real time.
Mint
20-05-2025
- Business
- Mint
NLC India share price soars 9% after Q4 net profit surges four-fold; up 17% in May
NLC India share price in focus on May 20: NLC India share price jumps 9% in early trade on Tuesday, May 20, reaching ₹ 257.90 apiece, following the release of the company's March quarter numbers, which came in line with analysts' estimates. The company, on Monday post-market hours, reported a net profit of ₹ 468.46 crore — a 311% jump compared to ₹ 114 crore in the same quarter last fiscal year. However, on a sequential basis, net profit declined from ₹ 696 crore reported in the December quarter. Revenue from operations came in at ₹ 3,972 crore, down from ₹ 4,034 crore in Q4FY24. On the operating front, the company reported an EBITDA of ₹ 997.26 crore, translating into an EBITDA margin of 25.11%. In comparison, for the quarter ended March 31, 2024 (Q4FY24), EBITDA stood higher at ₹ 1,096.04 crore with a margin of 27.17%. The company's board has recommended a final dividend of 15% for the financial year 2024–25. "The Board of Directors of the company, at their meeting held on Monday, 19th May 2025, recommended a final dividend of 15.00% (i.e., ₹ 1.50 per equity share) for the financial year 2024–25, subject to C&AG audit and approval of members at the ensuing Annual General Meeting. The details regarding the closure of the Register of Members and Share Transfer Books/Record Date and the final dividend payment date will be announced in due course," the company stated in its Q4FY25 earnings report. Additionally, the company has approved the incorporation of a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL), with equity participation in the ratio of 74:26. The JV aims to establish, maintain, and operate a 3x125 MW lignite-based thermal power station, along with the development and operation of lignite mines to meet fuel requirements. The initiative is subject to compliance with DIPAM (Department of Investment and Public Asset Management) guidelines and necessary approvals from the Ministry of Coal and other relevant authorities. The company's shares rebounded in May, gaining 12% so far after a 7% decline in April and from May 09 low of ₹ 212, it is up by 17%. Looking at a broader timeframe, NLC shares witnessed a one-way rally between March 2023 and January 2024, delivering a massive gain of 236% in just 11 months. NLC India is a public sector enterprise engaged in lignite mining and power generation. The company has also diversified into the renewable energy and coal mining sectors, both in India and overseas. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
