In a pandemic affected year NCL has registered 5% growth in coal production in the first two quarters
NCL produced 9.2 MT of coal in September 2020 and achieved a 20% growth over September 2019
New Delhi: Northern Coalfields Limited (NCL), a Singrauli-based Miniratna PSU under the Ministry of Coal, has produced 53.54 Million Tonnes of coal in the first two quarters of the current financial year with a growth rate of about 5 percent when compared to the same period of last financial year (FY 2020). In spite of the COVID-19 pandemic, NCL has not only achieved this growth but also surpassed its assigned target of coal production till September month. NCL had produced 51 MT of coal in the same period of the last financial year. This information has been shared by the coal PSU in a press release on Sunday.
With splendid performance, NCL produced 9.2 MT of coal in September 2020 and achieved a 20% growth over September 2019.
Similarly, NCL has achieved a 25 percent growth in overburden removal by removing 185 Million Cubic Meter of OB till September month. Overburden is material above coal seams which is removed for exposure and extraction of coal afterwards.
NCL has also registered a more than 16 percent growth rate in coal dispatch and dispatched 9.2 MT of coal in the month of September. In the first two-quarters of the current FY, NCL has dispatched about 50 MT of coal out of which more than 40 MT has been sent to powerhouses.
In the FY 2020-21, NCL has been entrusted with the responsibility of 113.25 MT of coal production and dispatch.
Northern Coalfields Limited (NCL)
NCL is a subsidiary of the largest coal producer of the world: Coal India Limited (CIL). NCL produces 15 percent of the total coal produced in the country and contributes 10 percent to the total electricity generation of the nation. The company, which is headquartered in Singrauli district of Madhya Pradesh, operates through its 10 highly mechanised opencast mines spread across Singrauli and Sonebhadra districts of Madhya Pradesh and Uttar Pradesh. The company is targeting 113.25 MT of coal production in the current financial year (FY2020-21).
(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)