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Power purchase agreement (PPA) from Tamil Nadu is key to GMR’s Chhattisgarh unit acquisition, SK Acharya, Chairman of NLC India told CNBC-TV18.
In an interview to CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the results and his outlook for the company.
Speaking to CNBC-TV18, SK Acharya, Chairman NLC India said the company will achieve its FY17 growth target and dividends this fiscal will be better than FY16.
Neyveli Lignite has long-term borrowings of Rs 7000 crore. Financing for the power station will come from cash reserves, says SK Acharya, chairman of Neyveli Lignite.
Neyveli Lignite posted a 22 percent rise in its net sales to Rs 1,716 crore. Speaking to CNBC-TV18, SK Acharya, Chairman, Neyveli Lignite
B Surender Mohan, Chairman, Neyveli Lignite, discusses the company's future outlook.
Neyveli Lignite has announced its fourth quarter results. AR Ansari, CMD of Neyveli Lignite says, the performance of FY11-12 is extremely encouraging. The company, he says, is contemplating to add another 500 megawatts, 2x250 megawatts to the capacity.
Neyveli Lignite Corporation is expected to report a profit after tax of Rs 199 crore in the third quarter of FY12, a massive growth of 107.3% as compared to Rs 96 crore in a year ago quarter.
The score card is out and it’s been a mixed bag. Amidst inflationary worries and volatile global cues, many bigwigs disappointed this quarter while others came out with flying colours.
In an interview with CNBC-TV18, K Sekar, Director of Finance, Neyveli Lignite gave his perspective on the quarter gone by and the road ahead.
Sharekhan has come out with its earning estimates on power generation for the quarter ended December 2010. According to the research firm, Neyveli Lignite December quarter sales are expected to go up by 23.2% to Rs 891.5 crore, Year-on-Year, (Y-o-Y) basis.