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Neyveli Lignite Corporation
BSE Announcements on Neyveli Lignite
Posted by :
MMB MessengerTracked by: 0 Boarder
Neyveli Lignite Corporation Ltd has informed BSE that the Company have designated an exclusive email ID investors@nlcindia.com...
NSE Announcements on Neyveli Lignite
Posted by : MMB MessengerTracked by: 0 Boarder
Neyveli Lignite Corporation Limited has informed the Exchange that the auditors have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008. A copy of the Limited review report and a copy of Explanatory Statement for the remarks of auditors made in the Limited Review Report for the Quarter Ended June 30, 2008 shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
neyveli lignite
Posted by :
pbuTracked by: 0 Boarder
short term you can expect to reach 130 - 133 level...
In reply to:
neyveli lignite
Posted by : Guest
what is the targate of neyveli lignite 
Neyveli Lignite Corp to outsource mining
Posted by :
latikavTracked by: 0 Boarder
CHENNAI: Integrated mining and power company Neyveli Lignite Corp Ltd (NLC) is expected to save around Rs3 bn by outsourcing lignite mining at its Barsingsar open cast mine in Rajasthan.
NLC plans to mine 2.1 mn tonnes of lignite annually at Barsingsar, where it is also setting up a 250-MW power project.
"The initial capital expenditure estimate for the mine was Rs 5.51 bn. When the decision to outsource the mining activity was taken, this came down to Rs 2.54 bn," B Surender Mohan, NLC's director (Mines) said.
NLC first outsourced the overburden removal - removing the soil over the lignite seam - to Ranjit Constructions at Rs 45 per cubic metre.
The stripping ratio - the amount of overburden removed to mine one tonne of lignite - in Rajasthan is lower than in Neyveli.
"The overburden removal contract is for seven years. Now that the lignite seam has been exposed, NLC is in the process of finalising the outsourcing tender for mining," Mohan said.
Unlike the Neyveli mines located 200 km from Chennai, where NLC uses several huge bucket wheel excavators, each costing nearly Rs 1 bn, and several kilometres of conveyor belts to carry the overburden and lignite to bunkers, the Barsingsar mines will use a shovel-dumper combination.
"There will be lignite crushing units inside the Barsingsar mine," Mohan said.
"We have introduced a technology in bucket wheel excavators and conveyor systems so that the machine speed gets adjusted automatically based on the load it carries. This in turn saves power," he added.
NLC is now planning to automate the bunker lignite loading systems and the mining activity.
As Barsingsar is a fresh site, NLC will not be burdened with legacy issues, such as high cost and a low productive workforce totalling over 25,000, that it faces at Neyveli.
The decision to outsource will also cut recurring expenditure like salaries and perks.
"The lowest grade worker at Neyveli gets around Rs.12,500 a month as pay apart from free housing, medical facilities and other perks," said P Baburao, director (Personnel)
ET...
neyveli lignite
Posted by : GuestTracked by: 0 Boarder
what is the targate of neyveli lignite...
Neyveli Lignite Corp planning to raise Rs
Posted by : latikavTracked by: 0 Boarder
Neyveli Lignite Corp planning to raise Rs 19 bn-------
CHENNAI: The Rs.36.38 billion mining-cum-power company Neyveli Lignite Corp Ltd (NLC) is planning to raise around Rs.19 billion ($452.4 million) through external commercial borrowing (ECB) or bond issue or a mix of both.
The fund will be invested in two major projects - expansion of mine II by 4.5 million tonne per annum and setting up of 500 MW power projects at Neyveli and Barsingsar power project in Rajasthan.
"The two projects require an investment of around Rs.63 billion and would be funded with a mix of debt and equity in the ratio of 70:30," J.N. Prasanna Kumar, chairman and managing director of NLC, told IANS.
The company has already raised Rs.25 billion through a consortium of bankers led by Canara Bank in two tranches with the cost of funds averaging around nine percent.
"We will decide the way forward in two weeks," he added.
During 2007-08, NLC made a capital expenditure (capex) of Rs.17 billion.
"The capex for next fiscal will be around Rs.10 billion," Kumar said.
NLC is also building a 1,000 MW coal-based power project at Tuticorin partnering with the Tamil Nadu Electricity Board (TNEB).
The Rs.49 billion project is being implemented by a special purpose vehicle NLC Tamil Nadu Power Ltd, in which NLC holds 89 percent and TNEB holds the balance.
The Tuticorin power plant will buy coal from Mahanadi Coalfields and Indonesia.
"The technical bids for different facets have been opened and are being evaluated. The price bids will be opened in 10-15 days," said Kumar.
According to him techno commercial discussions have been held with India's Bharat Heavy Electricals Ltd (BHEL) and Italy's Ansaldo for the steam-generating package.
Indian power equipment major BHEL is the only bidder for the turbine generator contract.
"For coal handling systems, discussions are being held with L&T (Larsen and Toubro), ThyssenKrupp, and Elecon," he added.
ET...
Ney Lignite rocks..............121
Posted by :
sudiptakrTracked by: 0 Boarder
Thanks for the tips..
please don't sell it. hold for this month.. this will be stock of this month....
In reply to:
Ney Lignite rocks..............121
Posted by : flashstock05
check this out at our moneycontrol boarder page : (30July) Buy n Hold Nevyl. Lignite 116 sl 113.50 tgt 124, Now 120+ ......... Keep trailin and enjoy the gains, regards flashstock05
Neutral on Neyveli Lignite, target of Rs 59: Man Financial
Posted by : MMB MessengerTracked by: 0 Boarder
Broking house, Man Financial has maintained neutral rating on Neyveli Lignite Corporation with a price target of Rs 59....
NSE Announcements on Neyveli Lignite
Posted by : MMB MessengerTracked by: 0 Boarder
Neyveli Lignite Corporation Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended June 30, 2008 (taken on record by the Board of the Directors of the Company at its Meeting held on July 28, 2008) that : "Auditors had made the following observations in their report for the year ended March 31, 2008 a) All accounting Standards have been complied with expect : 1) AS-11 with regard to not charging the exchange rate variation, during the construction period, to the profit and loss account. 2) AS-6 with regard to not applying the reduced rate of depreciation to the existing Specialised Mining Equipments on the date of approval. b) Unascertainability of the impact on the profit, on the outcome of the CERC order for the period for which tariff is yet to be approved by the CERC. The views of the company for the observations of the auditors are as follows : a) (1) All the expenses and the income accured during the construction have to be capitalised. (2) As per the circular instruction of the department of Company Affairs, the pre-revised rate could be adopted for the existing assets. b) Final orders of Power tariff is yet to be received from CERC for Thermal Power Station -I. Therefore, the status quo is continued"....
Ney Lignite rocks..............121
Posted by : flashstock05Tracked by: 0 Boarder
check this out at our moneycontrol boarder page : (30July) Buy n Hold Nevyl. Lignite 116 sl 113.50 tgt 124, Now 120+ ......... Keep trailin and enjoy the gains, regards flashstock05 ...
Buy n Hold
Posted by : flashstock05Tracked by: 0 Boarder
Buy n Hold Nevyl. Lignite 116 sl 113.50 tgt 124 regards flashstock05
...
buy/sell-neyveli lignite
Posted by : lotiTracked by: 0 Boarder
pls tell me about price movement tomorrow market...
neyveli lignite tomorrow trend
Posted by : lotiTracked by: 0 Boarder
pls tell me some selling ideas for neyveli lignite-tomorrow...
NSE Announcements on Neyveli Lignite
Posted by : MMB MessengerTracked by: 0 Boarder
Neyveli Lignite Corporation Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 72923 lacs for quarter ending on 30-JUN-2008 against Rs. 77758 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 28583 lacs for the quarter ending on 30-JUN-2008 against Rs. 28137 lacs for the quarter ending on 30-JUN-2007....
BSE Announcements on Neyveli Lignite
Posted by : MMB MessengerTracked by: 0 Boarder
Neyveli Lignite Corporation Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:
The Company has posted a net profit of Rs 2858.30 million for the quarter ended June 30, 2008 as compared to Rs 2813.70 million for the quarter ended June 30, 2007. Total Income has increased from Rs 9259.30 million for the quarter ended June 30, 2007 to Rs 12376.20 million for the quarter ended June 30, 2008....
Boarders Outlook on Neyveli Lignite
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