Coal India’s subsidiary -- Northern Coalfields is set to cross its production target of 119 million tonne for the current fiscal, and an aim of making a capital expenditure of Rs 1,640 crore remains on track. The company on March 01, 2022 has produced 5.67 lakh tonne of the dry fuel, the highest single-day count since its inception, and the total output in the 2021-22 financial year so far stood at 110.5 million tonne (mt), up by six per cent on a year-on-year (y-o-y) basis.
Of its capital expenditure (capex) target of Rs 1,640 crore in the current year, the company has already spent Rs 1,498 crore. The capex is being deployed towards mine infrastructure, equipment and land acquisition. The company is also taking initiative to become a net-zero company with the establishment of a 50-MW solar plant in Nigahi area and a slew of green energy projects in upcoming years.
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.
