Neyveli Lignite Corporation Ltd

Neyveli Lignite Corporation Ltd
Neyveli Lignite Corporation Ltd
Type: Company
Name: Neyveli Lignite Corporation Ltd
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Neyveli Lignite drops to 52-week low

Neyveli Lignite Corporation lost 3.43% to Rs 57.70 at 12:03 IST on BSE, on reports the Cabinet will today, 20 June 2013 take up the proposal to sell government's 5% stake in the state-run firm. Meanwhile, the S&P BSE Sensex was down 406.50 points or 2.11% ... [Published India Infoline - 2 hours ago]
First reported 5 hours ago - Updated 2 hours ago - 1 reports

Before opening bell: Post Bernanke comment, will rupee hit 60?

?The crucial FOMC meeting has not worked out for the global markets as the bulls would have hoped. Bernanke’s words will have great ramifications for the macro of various countries and certainly for implications on every asset class. Things have moved ... [Published Firstpost.com - 5 hours ago]
First reported 22 hours ago - Updated 11 hours ago - 2 reports

Govt to sell equity to PSU employees at discount

NEW DELHI: PSU employees will now get an option to subscribe up to 5 per cent of the issue size at a discount after the completion of disinvestment in the concerned state-owned company.Seeking to encourage employee participation in the PSU disinvestment ... [Published Economic Times - 22 hours ago]
First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

Takraf India inaugurates site

bucket wheel excavators . The inauguration started with a traditional 'Pooja' by a Hindu priest, blessing the site and its workers. Around 50 guests from Neyveli Lignite Corp, Takraf India and some of the main subcontractors were in attendance.During ... [Published Big News Network - Jun 17 2013]
First reported Jun 14 2013 - Updated Jun 14 2013 - 2 reports

The great discount sale begins in the public sector

The monsoon discount sale started by the government is likely to continue for the next two months.It began on a successful note on Thursday with the offer for sale of MMTC shares getting subscribed 1.55 times thanks once again to public sector financial ... [Published DNA India - Jun 14 2013]
First reported Jun 06 2013 - Updated Jun 07 2013 - 4 reports

Govt assures SEBI on meeting public float norms deadline

According to SEBI guidelines, PSUs are required to divest about Rs. 40 billion before August 8, 2013 to meet the 10% public float norms The Securities and Exchange Board of India (SEBI) on Thursday said that the government has assured it that the public ... [Published India Infoline - Jun 07 2013]
First reported Jun 06 2013 - Updated Jun 06 2013 - 2 reports

Trade unions, TN govt opposing stake sale: NLC

NEW DELHI: has informed the Coal Ministry that Tamil Nadu government and employee unions are opposing the proposal to divest 5 per cent stake in the PSU to raise up to Rs 6,000 crore."A few days back, Neyveli Lignite (NLC) wrote to the Coal Ministry stating ... [Published Economic Times - Jun 06 2013]
First reported May 28 2013 - Updated May 29 2013 - 4 reports

BJP against diluting stakes in Neyveli Lignite Corporation

CHENNAI: With reporting its highest profit since its inception, Centre should not dilute stakes in the Public Sector Undertaking as it would harm the interests of Tamil Nadu besides NLC workers, BJP said today.Party's state unit president Pon Radhakrishnan, ... [Published Economic Times - May 29 2013]
First reported May 28 2013 - Updated May 29 2013 - 5 reports

NLC gains after Q4 results

Neyveli Lignite Corporation rose 1.85% to Rs 68.80 at 11:12 IST on BSE after net profit rose 1.6% to Rs 614.79 crore on 9.5% growth in net sales to Rs 1653.35 crore in Q4 March 2013 over Q4 March 2012. The Q4 result was announced after market hours on ... [Published India Infoline - May 29 2013]
First reported May 28 2013 - Updated May 28 2013 - 2 reports

Will NLC finally foray into renewables ?!

Neyveli Lignite Corporation Limited, a “Navaratna” Public Sector Enterprise, under the administrative control of Ministry of Coal (MOC) is a pioneer among the public sector undertakings in Mine cum energy sector. The company in May 2010, had announced that as ... [Published Panchabuta-Renewable Energy & Cleantech in India - May 28 2013]
First reported May 27 2013 - Updated May 27 2013 - 2 reports

Coal India gets into solar power

According to reports, Coal India officials will do something unprecedented today – they will brainstorm with a select group of prospective bidders to decide on the technology to be used for setting up solar power plants. For once, mines won’t be on the ... [Published Panchabuta-Renewable Energy & Cleantech in India - May 27 2013]
First reported May 23 2013 - Updated May 24 2013 - 8 reports

Don't divest more NLC stake: Jaya

Chief Minister J Jayalalithaa on Thursday strongly opposed the Centre’s proposal to disinvest a further five per cent of the government of India’s (GOI) equity in the public sector Neyveli Lignite Corporation (NLC).Stating that the Centre was trying to ... [Published New Indian Express - May 24 2013]

Quotes

"We wanted to give employees an opportunity to participate in the government stake sale programme. We expect demand from employees in those companies where share price have gone up substantially post disinvestment" the official added
Says Vijayakumar: “Around $2 billion (about ` "11400 crore) worth of shares are likely to hit the market by June-end and this amount might rise to $ 2.5 billion by August end when the deadline for public sector units ends.” The deadline set by Sebi for PSUs to meet the minimum public shareholding is August 2013. MMTC, National Fertilizers and Neyveli Lignite may come out with issues next month."
"The DoD (department of divestment) has floated Cabinet note for 10 per cent OFS in CIL. We expect to get comments from ministries by early next month" an official source said
He said that "If I disinvest in Coal India and if its raises INR 20,000 crore, the entire money will go into the public sector. I am not using the money for current expenditure. Therefore, my appeal to the Coal India union is have no fear at all that we will use the money for other purposes. Whatever we are getting out of the disinvestment, we are putting it back to the PSU and PSBs.? After threatening an indefinite strike in their letter to the Prime Minister, all the workers' unions, representing 3,50,000 employees of Coal India, in a show of strength, have called for a joint convention in Kolkata to register their protest."

More Content

All (89) | News (83) | Reports (0) | Blogs (4) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
Neyveli Lignite drops to 52-week low [Published India Infoline - 2 hours ago]
Before opening bell: Post Bernanke comment, wil... [Published Firstpost.com - 5 hours ago]
Govt to sell equity to PSU employees at discount [Published Economic Times - 22 hours ago]
Govt to sell equity to PSU staff at discount po... [Published Hindu Business Line - 22 hours ago]
Sebi Cracks The Whip [Published Outlook Money - 23 hours ago]
Takraf India inaugurates site [Published Big News Network - Jun 17 2013]
Tenova Takraf erects new bucketwheel excavators... [Published International Mining - Jun 17 2013]
Finance Ministry floats Cabinet note for Coal I... [Published NDTV Profit - Jun 16 2013]
CIL, IOC, MMTC give push to divestment [Published Steel Guru - Jun 15 2013]
The great discount sale begins in the public se... [Published DNA India - Jun 14 2013]
PSUs hit by MMTC sale at a discount of 72% [Published Economic Times - Jun 14 2013]
Disinvestment effect on PSU stocks: Should inve... [Published Hindu Business Line - Jun 13 2013]
PESB recommends P Madhusudan for RINL top post [Published Hindu Business Line - Jun 13 2013]
Govt to go ahead with Coal India disinvestment:... [Published The Hindu - Jun 13 2013]
MMTC stock hits 52-week low on offer-for-sale d... [Published Hindu Business Line - Jun 13 2013]
Sebi turns focus to PSUs on minimum holding norms [Published The Statesman - Jun 09 2013]
Govt assures SEBI on meeting public float norms... [Published India Infoline - Jun 07 2013]
Cos violating public float norm face more action [Published Economic Times - Jun 06 2013]
Trade unions, TN govt opposing stake sale: NLC [Published Economic Times - Jun 06 2013]
Inter-ministerial panel may allot coal blocks t... [Published Firstpost.com - Jun 06 2013]
SEBI gets assurance from govt on meeting shareh... [Published Hindu Business Line - Jun 06 2013]
Govt says PSUs will meet public float deadline:... [Published Economic Times - Jun 06 2013]
IMC to meet tomorrow; may finalise PSUs to be a... [Published DDI News - Jun 06 2013]
Proposal to dilute 5% stake in NLC [Published Steel Guru - Jun 06 2013]
Cabinet defers decision on Neyveli Lignite stak... [Published India Infoline - Jun 05 2013]
India Cabinet Considering Selling 5% Of Neyveli... [Published Reuters UK - Jun 05 2013]
Even after hike, power tariff less than in neig... [Published The Hindu - Jun 04 2013]
NLC Indcoserve starts enrolling contract workmen [Published The Hindu - Jun 04 2013]
Neyveli Lignite Corporation (Rs 63.4): SELL [Published Hindu Business Line - Jun 03 2013]
E-auction for sale of lignite from Barsingsar mine [Published ASAPP - Jun 03 2013]
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sort by: Date | Relevance
Will NLC finally foray into renewables ?! [Published Panchabuta-Renewable Energy & Cleantech in India - May 28 2013]
Neyveli Lignite Corporation Limited, a “Navaratna” Public Sector Enterprise, under the administrative control of Ministry of Coal (MOC) is a pioneer among the public sector undertakings in Mine cum energy sector. The company in May 2010, had announced that as ...
Will NLC finally foray into renewables ?! [Published Panchabuta - Cleantech & Renewable Energy in India - May 28 2013]
Neyveli Lignite Corporation Limited, a “Navaratna” Public Sector Enterprise, under the administrative control of Ministry of Coal (MOC) is a pioneer among the public sector undertakings in Mine cum energy sector. The company in May 2010, had announced that as ...
Coal India gets into solar power [Published Panchabuta-Renewable Energy & Cleantech in India - May 27 2013]
According to reports, Coal India officials will do something unprecedented today – they will brainstorm with a select group of prospective bidders to decide on the technology to be used for setting up solar power plants. For once, mines won’t be on the ...
Coal India gets into solar power [Published Panchabuta - Cleantech & Renewable Energy in India - May 27 2013]
According to reports, Coal India officials will do something unprecedented today – they will brainstorm with a select group of prospective bidders to decide on the technology to be used for setting up solar power plants. For once, mines won’t be on the ...
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