Neyveli Lignite Corporation has reported results for first quarter ended June 30, 2014.
The company’s net profit has surged 19.97% at Rs 334.05 crore as compared to Rs 278.43 crore for the quarter ended June 30, 2013. However, its total income has decreased by 1.57% to Rs 1642.99 crore for the quarter under review from Rs 1669.22 crore for the corresponding quarter of the previous year.
Neyveli Lignite Corporation is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines with a capacity of about 30.60 million tonnes per annum, and is generating 2490 MW of power.
