New Delhi: The coal dispatch of Northern Coalfields Limited (NCL) grew by 16 percent YoY in the first three quarters (From April to December 2021) of the current fiscal year 2021-22. The company has dispatched 92.19 million tonnes of Coal against 79.64 MT in the same period of last year.
Performing splendidly, NCL has produced 86.36 million tonnes of coal till date with 2.53 percent y-o-y growth surpassing its assigned target till date.
Coming to coal supply to powerhouses, NCL has fed powerhouses with 6.78 percent more coal in the said period than the same period of the last fiscal. The company has supplied 67.38 million tonnes of coal to the power plants till December month of the current financial year.
NCL has been entrusted with the responsibility of producing 119 MT of dry fuel in FY 2021-22 and 126.5 MT off-take target. In the current fiscal 2021-22, NCL is targeting Rs 1,640 crore of capital expenditure and has spent Rs 1,273 Crore with more than 104 percent achievement till third quarter (Q3) of FY 2021-22.
NCL is the flagship subsidiary of Coal India Limited (CIL) under the Ministry of Coal. NCL is mining more than 115 MT of coal annually from its 10 highly mechanized opencast mines located in Singrauli and Sonbhadra Districts of MP and UP states respectively. NCL is eyeing 130 MT coal production by 2023-24 in its contribution to 1 BT plan of parent company CIL.
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