Meanwhile, the BSE Sensex was up 42.10 points, or 0.23%, to 18,687.16
On BSE, 44,276 shares were traded in the counter as against an average daily volume of 95,568 shares in the past one quarter.
The stock hit a high of Rs 164.70 and a low of Rs 159.50 so far during the day. The stock had hit a 52-week high of Rs 177.70 on 19 January 2010 and a 52-week low of Rs 122.10 on 4 November 2009.
The stock had outperformed the market over the past one month till 7 September 2010, gaining 2.82% compared with the Sensexs 2.76% rise. However, it underperformed the market in past one quarter, surging 10.72% as against 11.11% rise in the Sensex.
The large-cap lignite-based power producer has an equity capital of Rs 1677.71 crore. Face value per share is Rs 10.
Neyveli Lignite Corporation is reportedly actively pursuing with Coal India, a proposal to acquire and develop coal assets abroad.
Neyveli Lignite Corporation is targeting to raise its total mining capacity to 64.82 metric tonnes per annum (mtpa). Besides it also plans to raise its power generation capacity to 12,790 megawatt from the current capacity of around 2,600 megawatt. The proposed expansion is estimated to cost over Rs 50,000 crore, reports added.
Neyveli Lignite Corporations net profit rose 18.93% to Rs 342.10 crore on 29.53% rise in net sales to Rs 1145.43 crore in Q1 June 2010 over Q1 June 2009.
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