The Neyveli Lignite Corporation, a Navranta public sector company, has earned a net profit of Rs. 259.35 crore for the second quarter —from July to September 2014 — of the current financial year (2014-2015).
NLC Chairman-cum-Managing Director B. Surender Mohan made the announcement in a report presented to the Board of Directors in Chennai on Friday. A statement from the NLC said that for the same period in the previous fiscal (2013-2014), the company netted Rs. 240 crore. In terms of profit, the NLC achieved a growth of 8.06 per cent, compared with the second quarter of the previous financial year.
