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Power generation target for FY18 is 23m units: NLC India
NLC India’s (formerly Neyveli Lignite Corporation) Q4 earnings beat estimates on all parameters as power generation margins improved. Lignite margins however contracted in the quarter.
In an interview to CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the results and his outlook for the company.
He said that production efficiency led to Q4 earnings performance.
According to him, the current performance is sustainable.
Speaking about targets, he said that the target for FY18 electricity generation is at 23 million units and lignite production will be around 273 million tonne.
He expects lignite capacity to go up to 56 million tonne by 2020.
He further said that they have not signed any new power purchase agreement (PPA) yet. Blake Comeau Authentic Jersey
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