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NCL registers 6% growth in coal production

NCL has produced 98.03 MT of coal in the first eleven months of current fiscal, which is 6.3% higher than corresponding period of the last fiscal
New Delhi/Singrauli: Northern Coalfields Limited (NCL) has announced the production of 98.03 million tonnes (MT) of coal in the first eleven months of current fiscal i.e. from April 2019 to February 2020. This is 6.3 percent higher than 92.21 million tonnes of coal produced in the same period of last fiscal. Not just that, the production is about 102 percent of the target set for the current financial year till the end of February, NCL said in a press release. Similarly, in the first eleven months of the current financial year, NCL has dispatched a total of 99.04 million tonnes of coal to all its coal consumers including powerhouses, which is about 6.8 percent higher than the coal despatched during the same period of last financial year. During the same period in the last fiscal, the company had despatched 92.75 million tonnes of coal to all its coal consumers. The company’s coal supply to the powerhouses has also grown up by 4 percent till February of the current fiscal. The company has supplied 80.48 million tonnes of coal to the powerhouses during the first of the current financial year. Notably, NCL has been assigned the target of 106.25 million tonnes of coal production and despatch in the current financial year. The company has achieved more than 92 percent of the annual target of coal production and despatch till the end of February. Going by the figures, it is expected that the company will hit another ton with the annual targets.