Neyveli Lignite Corporation has reported results for second ended September 30, 2012.
The company has reported 20.29% rise in its net profit at Rs 334.84 crore for the quarter as compared to Rs 278.35 crore for the same quarter in the previous year. Total income of the company has increased by 20.52% at Rs 1490.92 crore for quarter under review as compared to Rs 1237.11 crore for the quarter ended September 30, 2011.
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.
