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Coal India’s arm sees gradual pick up in its production, dispatch operations

28 Nov 2019 Evaluate

Coal India’s arm -- Mahanadi Coalfields (MCL) has saw gradual pick up in its production and dispatch operations after a prolonged rainy season, as the miner gears up to reduce the estimated loss of 24 million tonne of coal due to sporadic stoppages and land constraint during current financial year.

Owing to intermittent stoppages of mining activities, loss of coal production was estimated at 6.07 million tonne, while the miner incurred a loss of 18.04 million tonne due to land constraint.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Peers
Company Name CMP
Coal India 393.50
NMDC 67.66
Ashapura Minechem 427.65
Sandur Manganese 168.00
GMDC 438.85
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