*With Upside, Trail SL* *Book Profit as per Risk Appetite*
*Snapshot* A Navratna Govt. Co. - Engaged in Mining of Lignite & Generation of power - Using lignite / Renewable Energy. Adding 3200MW coal-based thermal plant (Odisha) – Finish by FY28. NLC’s renewable energy capacity is at 1.4GW out of its total capacity of 5GW. UP thermal power plant (1980MW) – to be commissioned post Mar’23. Coal production Ramp up output to 13MT (FY23) & 20MT in FY24.
Revenue /Profit Up & Stable on Qtrly/Yearly Basis. Improving Leverage / TNW / Receivables CF for Ops. Increasingly +ve Improved RoA/RoE/RoCE for FY22. FII Stake Up Since Jun’21 / DII Down since Dec’20
*Concern:* Exposure to project implementation risks.
*Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)
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