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Coal India’s arm eyes removal of 410 MCuM of overburden materials from coal mines in FY23

17 Feb 2023 Evaluate

Coal India’s  subsidiary -- NCL is eyeing the removal of 410 million cubic metres (MCuM) of overburden (OB) material from its various coal mines in the current fiscal (FY23). OB is the rock material which needs to be removed for faster extraction of coal.

During the current fiscal so for NCL has produced 114.48 million tonnes (MT) of coal, registering a growth of 9.50 per cent, and dispatched 117.66 MT coal, clocking 7.70 per cent growth. NCL dispatches more than 90 per cent of the coal produced to the power consumers.

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 411.85
NMDC 74.30
Ashapura Minechem 503.65
Sandur Manganese 183.15
GMDC 491.85
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