Neyveli Lignite Corporation has reported results for third quarter ended December 31, 2012.
The company has reported 19.85% rise in its net profit at Rs 221.65 crore for the quarter as compared to Rs 184.94 crore for the same quarter in the previous year. Total income of the company has increased by 16.07% at Rs 1371.14 crore for quarter under review as compared to Rs 1181.28 crore for the quarter ended December 31, 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.
