Company Profile For Neyveli Lignite Corporation Limited

Neyveli Lignite Corporation Limited (NELG.BO) (Bombay Stock Exchange)

sector: Utilities · industry: Utilities - Electric ·

As of 3:52pm IST

149.05INR

Price Change

+1.35

Percent Change

+0.91%

Analyst Recommendations

Overview

Neyveli Lignite Corporation Limited is an India-based, open-cast mechanized lignite mine. The Company mines 24 million tons of lignite annually and generates power with installed capacity of 2490 megawatts of power. Neyveli Lignite Corporation Limited has three lignite mines: Mine I, Mine II and Mine IA. During the fiscal year ended March 31, 2009 (fiscal 2009), the lignite production was 213.07 LT. In fiscal 2009, the total power generation of the Company was 15767.98 MU (gross). The Company is generating power in its Thermal Power Station I, Thermal Power Station-II and in Thermal Power Station I Expansion. Neyveli Lignite Corporation Limited also provides consultancy services in mining and power sectors.

Quick Financial Synopsis

BRIEF: For the six months ended 30 September 2009 Neyveli Lignite Corporation Limited's revenues increased 1% to RS20.81B. Net income increased 12% to RS5.31B. Revenues reflect an increase in income from power generation and higher other income. Net income also reflects a decrease in depreciation expanse and lower other expenditure . Neyveli Lignite Corporation Limited is an Indian based company engaged in exploration of lignite deposits.