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Neyveli Lignite presents dividend cheque of Rs 439.49 crore to GoI

27 Oct 2012 Evaluate

Neyveli Lignite Corporation (NLC) has presented an amount of Rs 439.49 crore to Government of India (GoI). The cheque was presented to Minister of Coal on October 26, 2012 towards the dividend for the financial year 2011-12 on the equity share capital of the company held by GoI.

NLC has declared a dividend at the rate of 28% for the financial year 2011-12. The total dividend payout (including distribution tax) amounts to Rs 545.97 crore.

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, while it can produce about 2,740 MW of power from four power plants.

Neyveli Lignite Share Price

307.80 7.30 (2.43%)
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