Neyveli Lignite Corporation has reported unaudited results for the first quarter ended June 30, 2011.
The company’s net profit for the quarter ended June 30, 2011 has increased by 0.21% at Rs 3428.30 crore as compared to Rs 3421.00 crore for the corresponding quarter last year. Its total income has grown by 13.29% at Rs 1425.16 crore for the quarter under review from Rs 1257.92 crore for the same quarter last year.
Neyveli Lignite Corporation is engaged in the business of lignite mining and power generation. At present, the company operates three opencast lignite mines of total capacity of 24 million tonnes and three thermal power stations with total installed capacity of 2,490 mega watt.
