Neyveli Lignite reports 32% rise in Q2 net profit

Neyveli Lignite Corporation has reported results for second quarter ended September 30, 2015.

The company has reported 32.41% rise in its net profit at Rs 343.40 crore for the quarter ended September 30, 2015 as compared to Rs 259.35 crore for the same quarter in the previous year. The company’s total income has increased by 16.28% to Rs 1853.03 crore for the quarter under review from Rs 1593.57 crore for the corresponding quarter of the previous year.

Neyveli Lignite Corporation is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.