Friday, May 13, 2022

NCL posts a record 26% rise in coal production during April 2022

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New Delhi: Northern Coalfields Limited (NCL), with a record opening in the first month of FY 2022-23, has produced 10.81 MT of coal with whooping 26.22 percent y-o-y growth. This produced coal is 105.8 percent of the target for the month of April 2022. Augmenting supply to meet the demand of coal consumers amid increasing energy consumption of the nation in the post-pandemic period, NCL dispatched 11.14 MT of coal in April with 18 percent y-o-y growth.

NCL has been entrusted with 122 million tonnes of coal production, dispatch, and 410 million cubic meters of overburden (The material above coal in open cast mining) in FY 2022-23.

NCL's coal production has grown by 45 percent and coal dispatch by 50 percent during the last five years to give impetus to the growing economy of the nation.

NCL produced more than 122 MT of coal in the Pandemic year 2021-22. The company also dispatched more than 125 MT of coal to its consumers in the last fiscal, out of which a record 110.6 MT of Coal was sent to powerhouses with a 17 percent yearly growth. Using an eco-friendly mode of coal dispatches, more than 82 percent of total coal was delivered through the green modes of Merry Go Round, Railways, and Belt pipe conveyors in FY 2021-22.

NCL spent about 1,750 crore in FY 2021-22 on capital expenditure for robust infrastructure and capacity building. NCL is a flagship subsidiary of Coal India Limited mining coal from its 10 open cast coal mines located in Singrauli and Sonbhadra districts of MP and UP respectively.

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