PSU NEWS
NCL and CIL to increase Coal supply to Power Houses by 8 percent
Singrauli/Kolkata: Northern Coalfields Limited (NCL) and its holding company Coal India Limited (CIL) have planned to supply 8% more coal to power houses in the financial year 2019-20, against the supply made in the previous fiscal. In the year 2019-20, NCL will supply 92.80 million tonnes of coal to the power houses against the supply of 88.50 million tonnes in FY 2018-19.
Similarly, CIL plans to supply 530 million tonnes of coal to all its coal power plants in the financial year 2019-20. In the last financial year, CIL had supplied 488 million tonnes of coal to power houses.
Initiating the implementation of this goal, NCL has already started to increase the supplies to power houses. In the first month of the financial year 2019-20, the company supplied 6.73 million tonnes of coal to power houses in April 2019 which is about 5 percent more than the supply made in April 2018.
10 % increase in Coal Production
In view of the plan to supply more coal to power houses, NCL has also increased its coal production. The company started the financial year 2019-20 with an increase of about 10 per cent by producing 8.92 million tonnes of coal in the first month of the current financial year, i.e. in April 2019 against the company's production of 7.96 million tonnes during the same period in last fiscal.
NCL has been assigned the coal production and dispatch target of 106.50 million tonnes each for the financial year 2019-20. By producing and dispatching 101.50 million tonne and 101.60 million tonne of coal respectively the company became the third company of the country producing and dispatching 100 million tonnes of coal
Read Also : NMDC unveils Ex-Employee portal 'Samman'
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC