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Surrender of power led to weak performance, says NLC India

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Surrender of power led to weak performance, says NLC India

May 29, 2018 4:26 AM

The surrender of power led to weak performance, said SK Acharya, Chairman, NLC India.

We have registered a figure of Rs 8,492 crore as against Rs 8,652 crore of last financial year, he said.

“We reduced our lignite transfer price by Rs 100 per tonne and yesterday (May 28) we took a decision to reduce it by Rs 200 per tonne further so that an ultimate benefit to the consumers will go something around 32-30 paise per unit,” he added.

Talking about acquisitions, Acharya said, “Things have been going on; but nothing has been materialised yet.”

We are comfortable and the realisations from our ECBs are also good, he said on debt.

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