Neyveli lignite Corporation ltd, the Navratna - Mining and Power Generation CPSE has recorded good operational financial performance for the first half year of FY 2015-16.
During this period, the company has increased its Installed Capacity from 2,740 MW to 3,263.50 MW by adding 523.50 MW including wind power of 13.50 MW and solar power of 10 MW. The company’s Subsidiary NTPl has also commissioned its 1,000 MW Coal based Power Station at Tuticorin. The Power Generation in the current 1st half year was 10,338 MU as compared to 9,983 MU in corresponding period of previous year with growth of 3.56 per cent.
On November, 4 2015, the company’s Board approved its financial results for the Quarter ended September 30 2015. The operating income was Rs1,715.91 Cr with Profit before Tax (PBT) of Rs521.43 Cr and Profit after Tax (PAT) of Rs343.40 C. During the half year, the Operating Income was Rs3,559.65 Cr as compared to Rs2,912.94 Cr in the corresponding period of previous year recording a growth of 22.20 per cent. The PBT has increased to Rs1,074.91 Cr from Rs874.57 Cr, with an increase of 22.91per cent. The PAT has increased to Rs710.30 Cr from Rs593.40 Cr with a growth of 19.70 per cent.