-4.55 (-1.08%) Coal India’s subsidiary -- Northern Coalfields (NCL) has registered a 26.22% year-on-year production growth and an 18% rise in dispatch in April 2022, helping the parent company achieve a 28% traction in output for the month under review.
The NCL extracted 10.81 million tonnes of coal during the month, which is 105.8% of its monthly target, with a mission to minimise the shortfall of dry fuel to power plants in wake of a huge power shortage. The company registered 122 million tonnes of coal production and removal of 410 million cubic meters of overburden (the material above coal in open cast mining) in 2021-22. Out of the 125 million tonnes of coal dispatched to its consumers in the last fiscal, a record 110.6 million tonnes of dry fuel was sent to powerhouses with a 17% yearly growth. NCL spent about Rs 1750 crore in 2021-22 on capital expenditure for robust infrastructure and capacity building.
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.