MCL sets new milestone in coal production, dispatch overburden removal: CMD

Dumani mail, 4/1 : Mahanadi Coalfields Limited (MCL) , a subsidiary of Coal India has set new milestones in all the performance parameters such as coal production, dispatch and overburden removal (OBR). Addressing a Press Conference here on Friday MCL Chairman-cum-Managing Director O P Singh said the company ended the financial year 2021-22 on a high note, clocking 168 million tonne coal production with an impressive growth of about 14 percent over previous fiscal 2020-21. Singh said the FY’22 overall remained the year of achievements for the production subsidiary of Coal India, “The last fiscal has been a great year, full of achievements for the company,” he said, adding that MCL’s achievement in coal production had been 103percent of target at a record 168.17 million tonnes for the financial year ended on Thursday. “Besides, the company has dispatched 176.17 MT coal to the consumers, with a growth of about 21percent over previous year. “Similarly, MCL has registered a growth of more than 18percent in overburden removal at 207 MCuM (million cubic meters), which will help the company increase coal production during the current fiscal,” the CMD said. The MCL CMD further said the company had been successful in meeting the rising demand of coal during the third quarter of last Financial Year 2021-22, despite challenges posed by COVID19 pandemic. He also expressed his gratitude to people’s representatives, state administration, coal consumers, Indian Railways, representatives of trade unions, peripheral villagers and all stakeholders for their continuous support to the company. Speaking about the future of coal demand, Singh said, “It is estimated that the coal demand will continue to remain high in the coming times.” “We have also made advance preparations, keeping in view the erratic rainy season and other operational challenges, to meet the rising demand by producing more coal,” the CMD said. The MCL , he said had also done capital expenditure (CAPEX) of Rs 3,805 crore for FY ’22, which would help MCL in meeting the future goals. The Company, the CMD informed, would produce 176 million tonne coal in the financial year 2022-23. MCL is the largest coal producing company in the country, having its mining operations spread over Sundergarh, Jharsuguda and Angul districts of Odisha. Singh said the MCL will take up the Subhadra and Shyamal mining whose annual coal production would be 25 MT and 50 MT respectively. 

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