Neyveli Lignite Corporation has reported results for third quarter ended December 31, 2015.
The company has reported 84.62% fall in its net profit at Rs 47.61 crore for the third quarter as compared to Rs 309.47 crore for the same quarter in the previous year. The company’s total income has decreased by 17.09% to Rs 1410.80 crore for the quarter under review from Rs 1701.53 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.
