Thursday, September 29, 2022

NCL registers 7% growth in coal production

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Singarouli: Northern Coalfields Limited (NCL), a subsidiary of Coal India Limited (CIL) and a Miniratna PSU under the Ministry of Coal, has produced 69.93 million tonnes (MT) of coal in the first eight months of current fiscal (FY 2019-20) from April to November this year. The total coal production is about 7 percent higher than 65.63 million tonnes of coal produced in the same period of last fiscal (FY2018-19) and is about 103 percent of the target set for the current financial year till the end of November.

Similarly, in the first eight months of the current financial year, NCL has despatched a total of 70.13 million tonnes of coal to all its coal consumers including powerhouses, which is about 5 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 66.61 million tonnes of coal to all its coal consumers.

The company’s coal supply to the powerhouses has also grown up by 5 percent till November of current fiscal. The company has supplied 57.69 million tonnes of coal to the powerhouses during the first eight months of the current financial year while it was 54.97 million tonnes during the same period of the last financial year.

Notably, NCL has been assigned the target of 106.25 million tonnes of coal production and coal despatch in the current financial year. In the last fiscal company entered in the club of 100 Million tonne coal-producing companies with 101.50 million tonnes of coal production and 101.60 million tonnes of coal dispatch.
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Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.

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