Neyveli Lignite Corporation has reported results for first quarter ended June 30, 2013.
The company has reported 3.48% fall in its net profit at Rs 278.43 crore for the quarter as compared to Rs 288.47 crore for the same quarter in the previous year. However, total income from operations of the company has increased by 14.91% at Rs 1669.22 crore for quarter under review as compared to Rs 1452.59 crore for the quarter ended June 30, 2012.
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. It is one of the best public sector units in the country and a best profit making company in the past 16 years.
