NLC CREATES NEW RECORDS!

In the year 2013-14, Neyveli Lignite Corporation has earned a Net Profit of Rs.1,501.88 crore and registered an all time high record in the history of the organization. In the production front also, the company has created new records in lignite production and power generation.

Neyveli Lignite Corporation Limited, a “Navratna” Public Sector Enterprise, under the administrative control of Ministry of Coal (MOC), Govt. of India, has witnessed a sustained growth since its inception in 1956. NLC is a pioneer among the public sector undertakings in Mine cum energy sector.

Production Performance during 2013-14 :

The year 2013-14 has been a successful and eventful year for Neyveli Lignite Corporation Limited. The company has scaled new heights in its Physical performance ever since its inception in the areas of lignite mining and Power generation.

Production Highlights:

The following are the achievements during the year 2013-14.

(1)Total overburden removal from all Mines put together at 1681.72 LM3 (1674.85 LM3 in 2012-13) achieved during the year 2013-14 is the highest for any year since inception.

(2)Total Lignite production from all Mines put together at 266.09 LT (262.23 LT in 2012-13) achieved during the year of 2013-14 is the highest for any year since inception.

(3)Total Power Generation from all Thermal Power Stations put together at 19988.73 MU (19902.34 MU in 2012-13) achieved during the year of 2013-14 is the highest for any year since inception.

(4)Total Export of Power from all Thermal Power Stations put together at 16953.73 MU (16841.51 MU in 2012-13) achieved during the year of 2013-14 is the highest for any year since inception.

Financial Performance for the year 2013-14:

Sales turnover for the year 2013-14 stands at Rs.5,967.23 Crore as against Rs.5,590.07 Crore in the previous year 2012-13, registering a growth of 6.75% and is the highest in any year since inception.

Total income for the year 2013-14 stands at Rs.6991.99 Crore as against Rs.6173.02 Crore in the previous year 2012-13 registering a growth of 13.27% and is the highest in any year since inception.

Profit Before Tax stands at Rs.2,209.13 Crore for the year 2013-14 as compared to Rs 2,047.65 Crore in the previous year 2012-13, registering a growth 7.89% and is the highest in any year since inception.

Profit After Tax stands at Rs.1,501.88 Crore for the year 2013-14 as compared to Rs.1459.75 Crore in the previous year 2012-13, registering a growth of 2.89% and is the highest in any year since inception.

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