Apr 12, 2012, 01.11 PM IST | Source: Reuters

Cabinet approves Neyveli Lignite's 1,980 MW power project

The cabinet has approved state-run Neyveli Lignite Corp's proposal to set up 1,980 megawatt power project in Uttar Pradesh, Ambika Soni, Information and Broadcasting Minister, told reporters on Thursday.

Cabinet approves Neyveli Lignite's 1,980 MW power project

The cabinet has approved state-run Neyveli Lignite Corp's proposal to set up 1,980 megawatt power project in Uttar Pradesh, Ambika Soni, Information and Broadcasting Minister, told reporters on Thursday.

India plans to add about 76,000 megawatts in five years to end-March 2017.

Neyveli Lignite stock price

On April 23, 2014, Neyveli Lignite Corporation closed at Rs 71.70, up Rs 1.25, or 1.77 percent. The 52-week high of the share was Rs 75.40 and the 52-week low was Rs 49.00.


The company's trailing 12-month (TTM) EPS was at Rs 9.67 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 7.41. The latest book value of the company is Rs 77.20 per share. At current value, the price-to-book value of the company is 0.93.

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