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Cabinet to consider Neyveli Lignite Corporation's stake sale today

21 Jun 2013 Evaluate

The Cabinet is expected to take up the proposal to sell government’s 5% stake in Neyveli Lignite Corporation (NLC) today which would help to garner around Rs 450 crore to the exchequer. Earlier this month, the Cabinet Committee on Economic Affairs (CCEA) had deferred a decision on the stake sale. The Department of Disinvestment (DoD) has again moved the proposal for sale of over 7.8 crore shares, or 5%, through an offer for sale (OFS) in the Tamil Nadu-based miner.

The company has reported a rise of 1.58% in its net profit at Rs 614.79 crore in Q4FY13 as compared to net profit of Rs 605.21 crore in the same quarter previous year. Total income of the company has increased by 1.89% to Rs 1858.37 crore as compared to Rs 1823.87 crore in corresponding quarter last year.

Neyveli Lignite Share Price

307.80 7.30 (2.43%)
20-Apr-2026 12:06 View Price Chart
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