The coveted AEO T3 Certificate was handed over by Naveen Kumar Jain, Principal Commissioner, Directorate of International Customs to R. K. Jain, Director (Finance), GAIL in a ceremony today.
NLC India Renewables Ltd (NIRL) was incorporated as a wholly-owned subsidiary on June 14, 2023, NLC India said in a statement. NIRL will take over the existing renewable energy projects and assets owned by its parent company, it said.
NLC India, a state-owned mining and power company, has incorporated its subsidiary named NLC India Renewables (NIRL) to manage its existing renewable projects. NIRL will buy and manage renewable projects and assets owned by NLC India and focus on non-conventional and renewable energy sources like tidal, wind, solar, biomass, steam, geothermal, wave, waste, hybrid, and sustainable forms.
Get latest articles and stories on Latest News at LatestLY. Power trading solution provider PTC India Ltd on Saturday posted a 17.67 per cent fall in its consolidated net profit at Rs 129.34 crore during the March quarter, dragged by higher expenses. Latest News | PTC India Q4 Net Profit Falls 17.67 Pc to Rs 129 Cr.
Also, PFS has declared a dividend of Re 1 per share for FY23, he said.The companys power trading volumes fell 5 per cent in Q4FY23 to 16,390 million units MU as compared with 17,329 MU in Q4FY22.Further, PTC has been mandated by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh.