Neyveli Lignite Corporation has announced that its net profit on consolidated basis stood at Rs 821 crore for the year ended 31 March 2009.

The sources close to the company said that the comparable figures for the year-ago period were not available.

In a filing to Bombay Stock Exchange, the company said that it has posted a total income of Rs 4,019 crore in the latest fiscal as compared to Rs 3,638 crore in the previous fiscal.

Further company’s board has recommended a dividend of Rs 2 per share for the financial year 2009.

On the standalone basis, Neyveli Lignite has registered a steep drop of 25% in its net profit which stood at Rs 821 crore for the year ended 31 March 2009, as against Rs1,101 crore last fiscal.