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Coal India’s arm supplies 87% of total coal to power producers in FY21

06 Apr 2021 Evaluate

Coal India’s wholly owned subsidiary company -- Northern Coalfields (NCL) has supplied 87% of its total coal to electricity producers in the last fiscal year, thereby fulfilling the power aspiration of the country in these unprecedented times. There was also about 14% increment year-on-year in the average supply of coal rakes to upcountry consumers. Northern Coalfields (NCL), the Singrauli-based miniratna company, surpassed its fiscal production milestone of 113 million tonne (MT) and produced 115.05 MT in 2020-21 with 6.47% year-on-year growth.

The company has also surpassed its annual overburden removal (OBR) target of 370 million cubic metre, and removed a whopping 374.17 million cubic metres of overburden with a year-on-year growth of 15.76% in the last fiscal year.

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 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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