NLC India announced on 01 July 2020 that at around 9.45 Hrs. in Unit V of Thermal Power Station-II, (TPS-II), Neyveli, while it was under shut down and maintenance activities carried on, a fire broke out in the boiler area subsequent to an explosion, resulting in injuries to the NLCIL maintenance team comprising one 'executive, two Supervisors, three Non-Executive employees and seventeen Contract Workmen. Out of the twenty three injured, six workmen belonging to a contractor succumbed to injuries on the spot. All the seventeen injured were immediately rushed to NLCIL Hospital, sixteen of them after initial treatment were immediately sent to M/s. Apollo Hospitals, Chennai for further higher specialty treatment and one with miner injuries is being treated in NLCIL Hospital.

HighLevel Enquiry headed by P.K.Mohapatra, Retired Director (Technical), NTPChas been ordered into the cause of the accident, apart from an Internal Enquiry Committee with senior executives headed by Director (Power) of NLCIL. The Unit Head of TPS-Il has been placed under suspension pending enquiry by the management. All the four Units of 210 MW each of TPS-Il Stage-Il have been ordered for shut down for immediate safety audit.

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Net profit of NLC India rose 3.02% to Rs 486.99 crore in the quarter ended March 2020 as against Rs 472.71 crore during the previous quarter ended March 2019. Sales rose 24.60% to Rs 3069.33 crore in the quarter ended March 2020 as against Rs 2463.38 crore during the previous quarter ended March 2019.

For the full year,net profit declined 4.40% to Rs 1441.37 crore in the year ended March 2020 as against Rs 1507.71 crore during the previous year ended March 2019. Sales rose 4.56% to Rs 10320.56 crore in the year ended March 2020 as against Rs 9870.93 crore during the previous year ended March 2019.

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NLC India will hold a meeting of the Board of Directors of the Company on 23 June 2020.

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NLC India has issued and allotted 24,000 Nos. of Commercial Paper of a face value of Rs. 5,00,000/- each aggregating to Rs. 1200 crore on 03 June 2020.

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