NLC profit up at ` 1,298 crore

Neyveli Lignite Corporation has reported a marginal growth in net profit in the year ended March 31, 2011, and chalked out a ten year corporate plan to grow further, according to A.R. Ansari, Chairman and Managing Director. He said the Corporation made a profit, after taxation, too improved by 4.08 per cent, to ` 1,298.33 crore from ` 1,247.46 crore. Sales turnover dropped to ` 3,949.08 crore from ` 4,121.02 crore.

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