The announcement was made after market hours on Monday, 30 January 2012,
Meanwhile, the BSE Sensex was up 182.80 points, or 1.08% to 17,046.10
On BSE, 10,182 shares were traded in the counter as against average daily volume of 43,951 shares in the past one quarter.
The stock hit a high of Rs 88.75 and a low of Rs 86.90 so far during the day. The stock had hit a 52-week low of Rs 67.65 on 23 November 2011. The stock had hit a 52-week high of Rs 118 on 28 April 2011.
The stock had outperformed the market over the past one month till 30 January 2012, gaining 19.26% compared with the Sensex's 9.11% rise. The scrip also outperformed the market in past one quarter, rising 5.60% as against 5.29% decline in the Sensex.
The large-cap state-run lignite-based power producer has an equity capital of Rs 1677.71 crore. Face value per share is Rs 10.
Neyveli Lignite Corporation unit-I of Barsingsar Thermal Power Station has capacity of 125 megawatt, the company said.
Neyveli Lignite Corporation's net profit rose 1.7% to Rs 278.35 crore on 9% growth in net sales to Rs 1158.83 crore in Q2 September 2011 over Q2 September 2010.
Neyveli Lignite Corporation's principal activities are exploration of lignite mines and power generation. The company owns three lignite mines and two thermal power stations in Neyveli and Cuddalore district in the state of Tamil Nadu. It generates power by using lignite as fuel.