Last Updated : May 28, 2013 06:56 PM IST | Source: PTI

Neyveli Lignite Corp FY13 net up 3.43% at Rs 1,459.75cr

Tamil Nadu-based Neyveli Lignite Corporation reported a 3.43 percent increast in profit after tax at Rs 1,459.75 crore- its highest since inception.

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Neyveli Lignite Corporation today reported 3.43 percent increase in profit after tax for the financial year ending March 31, 2013 at Rs 1,459.75 crore.

The Tamil Nadu based company's net profit stood at Rs 1,411.33 in 2011-12, which was the highest in any year of its inception, Neyveli Lignite Corporation Chairman and Managing Director B Surender Mohan told reporters here.

Also read:Govt to divest 5% in Neyveli Lignite for Rs 700cr: Srcs

The total turnover of the company for the financial year ending March 31, 2013 rose by 14.86 percent to Rs 5,590.07 crore from Rs 4,866.85 crore registered during the same period of previous year.

The board of directors at its meeting held today has recommended a final dividend of 18 percent of Rs 1.80 per share, he said.

First Published on May 28, 2013 06:56 pm
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