Neyveli Lignite Corporation (NLC) has reported results for third quarter ended December 31, 2014.
The company has registered a fall of 36.72% in its net profit at Rs 309.47 crore for the quarter under review as compared to Rs 489.02 crore for the same quarter in the previous year. Total income of the company decreased by 8.93% at Rs 1701.53 crore for Q3FY15 as compared Rs 1868.36 crore for the corresponding quarter previous year.
NLC 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, while it can produce about 2,740 MW of power from four power plants.
