Coal India’s Odisha-based subsidiary -- Mahanadi Coalfields (MCL) has set a target of producing 263 million tonne (MT) of coal by 2023-24 in order to ensure the energy security of the country and employees must ensure normal mining operations to achieve the goal. In the current financial year (FY21), MCL has been assigned with a target of 173 MTs of coal but the company is lagging behind in its production and overburden removal targets.
At present, MCL has 48 coal blocks having mineable resources of 29,100 MT, which can meet the requirement of thermal coal for another 100 years and another miscellaneous 22 projects are in pipeline, which includes washeries, coal gasification and solar power.
Coal India is the world’s largest coal mining company. It also produces noncoking coal and coking coal of various grades for diverse applications.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 85.61 |
| GMDC | 609.70 |
| Sandur Manganese | 207.05 |
| MOIL | 277.25 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: