Neyveli: NLCI, a Navratna enterprise under the Ministry of Coal, has made a transformation from a lignite mining and power generation company to an energy major. Total power production has increased by 61 per cent as on December 1, 2017 when compared to production capacity as on March 31, 2015. Further, NLCI has made a significant foray into renewable and Green Energy Drive by adding Renewable Energy in a big way reaching around 2000 MW during this shortest period. Power generated from wind and solar sources has experienced a growth of 19 times when compared with data as on March 31, 2015 and December 1, 2017.
In terms of company Turnover between 2014-15 and 2016-17, NLC India Limited has recorded 42.5 per cent growth while Profit After Tax has gone up by 50 per cent. With the Government of India as its privileged stakeholder, NLCI is proud to have contributed Rs. 4965 crore to the State Exchequer as on March 31, 2017, which marks an increase of 136.7 per cent in a two-year period.
The Share Price of the listed company has risen 52.7 per cent from Rs. 70.30 to Rs. 107.35 over the last two years, reflecting the confidence of the investing public in the growth potential of the company. On its part, NLCI has rewarded stakeholders with 50.1 per cent increase in Earnings Per Share, from Rs. 9.42 in 2014-15 to Rs. 14.14 in 2016-17.
Other financial parameters augur equally well for NLCI, as it continues its saga of growth. Market Capitalisation has increased by 39 per cent, Return on Capital employed by 47.93 per cent, while Dividend Outgo has gone up by 139 per cent from Rs. 469.76 crores to Rs. 1121.97 crores. Capex has increased by 81.21 per cent, an indicator of dynamic expansion plans under implementation and completion.
All of this has been possible due to the unswerving commitment demonstrated by the NLCI family – Valued Added per Employee has increased by 47.65 per cent, Employee Cost as a percentage to Turnover has reduced by 27.35 per cent and as a percentage to Total Cost has decreased by 19.79 per cent. As part of corporate plans, acquisition of power assets through the inorganic route is on the anvil at NLCI.
This is expected to increase power generation capacity by additional 3,000 MW, taking the cumulative power capacity to 20971 MW by 2025, derived from diversified sources such as lignite, coal and renewable energy. The ultimate goal is to lay the foundation for a sustainable future by creating greater green cover in and around its townships and operational areas, and producing green power for the Nation.
All these tremendous growth/achievements were accomplished in these two years, not by any outsider, no doubt that under the able stewardship of Dr. Sarat Kumar Acharya, Chairman & Managing Director, the real visionary leader who simply motivated the entire NLC on its journey on the path from existence to excellence creating wealth for wellbeing of humanity.