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Coal India’s arm aiming to achieve 190 million tonnes of dry fuel production in FY23

23 Jan 2023 Evaluate

Coal India’s subsidiary -- Mahanadi Coalfields (MCL) is aiming to achieve approximately 190 million tonnes of dry fuel production in the current fiscal (FY23). This will be 13.09 per cent more than 168 million tonnes production recorded in 2021-22 by MCL.

The production target for 2022-23 was 176 million tonnes, however the company is 21 per cent ahead of the target, and expects to reach 190 million tonnes by end of this fiscal. MCL has also kept a target of 190 million tonnes for coal despatch for 2022-23.

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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