State-owned Neyveli Lignite Corporation today posted 19 per cent jump in its net profit at Rs 342.10 crore for the quarter ended June 30, 2010.
The company reported a net profit of Rs 287.64 crore in the same period last fiscal (2009-10), an official statement said.
Net sales of the company rose to Rs 1,145.43 crore from Rs 884.30 crore in the same period last year, it said.
Neyveli Lignite Corp is a lignite power producer and has an installed capacity of 2,490 Mw.
The company recently commissioned a 125 Mw lignite-based power plant at Barsingar, Rajasthan. It plans to further take up its capacity to 250 Mw. The company plans to set up two more projects of 250 Mw capacity each in the state.
The company's projects under execution include a 1,000 Mw project in Tuticorin, Tamil Nadu, a 500 Mw extension of the Neyveli plant, and a 50 Mw wind power project.