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Neyveli Lignite Corporation shines on reporting over two fold jump in Q3 net profit

31 Jan 2014 Evaluate

Neyveli Lignite Corporation is currently trading at Rs. 57.60, up by 1.65 points or 2.95% from its previous closing of Rs. 55.95 on the BSE.

The scrip opened at Rs. 58.30 and has touched a high and low of Rs. 59.00 and Rs. 57.30 respectively. So far 35,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.15 on 01-Feb-2013 and a 52 week low of Rs. 49.00 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 58.20 and Rs. 54.55 respectively. The current market cap of the company is Rs. 9663 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 8.37% and 1.63% respectively.

The company has reported  over two fold jump in its net profit at Rs 489.02 crore for the quarter as compared to Rs 221.65 crore for the same quarter in the previous year. Total income from operations of the company increased by 24.47% at Rs 1868.36 crore for quarter under review as compared to Rs 1371.14 crore for the quarter ended December 31, 2012.

NLC 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

301.00 -3.35 (-1.10%)
21-Apr-2026 15:55 View Price Chart
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