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MCL clocks growth of 15% in coal production, 22% in offtake in Q3

Mahanadi Coalfields Limited (MCL) has registered a growth of 22 percent in coal off-take at 129.36 MT and 15 percent in dry fuel production at 117.12 MT in Q3
MCL clocks growth of 15% in coal production, 22% in offtake in Q3
MCL clocks growth of 15% in coal production, 22% in offtake in Q3

New Delhi/Sambalpur: Mahanadi Coalfields Limited (MCL) said on Monday that it has registered a double-digit growth of 22 percent in coal off-take at 129.36 million tonne and 15 percent in dry fuel production at 117.12 million tonnes in Q3 in comparison to the corresponding quarter of the previous fiscal.

"Leading the efforts of Coal India Limited (CIL) in trying times to overcome fuel shortage at power plants, MCL had re-synergized business operations to optimize coal despatch to consumers, particularly the power plants. In the current fiscal, coal supply to the power consumers was up by 31 percent at 92.9 million tonne as against the same period in FY 2020-21," the coal PSU said in a press release.

"At the end of Q3, the company had a coal stock of 12.28 million tonnes available for despatch to the consumers. The company is aggressively implementing first-mile connectivity projects with a capital outlay of Rs 3,600 crore by 2024 for the rapid movement of coal to the consumers," it added.

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Besides, the record overburden removal of 148.6 million cubic meters at the growth of about 20% over FY’21 had ensured the availability of sufficient coal to further accelerate coal production in the last quarter.

Pioneer in implementing environment-friendly technology in coal mining, MCL is operating a fleet of 66 surface miners for blast-less mining, which contribute to about 96 percent in the company’s coal production. In another first, the company has successfully deployed vertical rippers for blast-less removal of overburden (OB) at Hingula and Kanhia open cast projects. 

A leading coal-producing company in the country, MCL has a coal production target of 163 million tonnes for the financial year 2021-22.

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