NCL Registers a Growth of 13% in Coal Production and 10% in off-take PERFORMANCE

Singrouli: Northern Coalfields Limited (NCL) has produced 48.38 Million Tonnes of coal and despatched 49.19 million tonnes of coal in the first half of the current year (i.e. from April to September). In the first half of the current year, the coal production and dispatch are in excess of the assigned target for the first 6-months. According to the target, the company had to produce 47.04 million tonnes of coal and 45.22 million tonnes of coal in this period.

 

The coal production by the company in the first half was 13 % higher than the corresponding period of the last financial year. In the first half of the last financial year, the company produced 42.80 million tonnes of coal. Similarly, the company's coal dispatch in the first half was 10 percent higher than the same period last fiscal. In the first half of last financial year, the company had despatched 44.63 million tonnes of coal.

 

Talking only standalone September figures, the coal production and dispatch of the company in September this year is more than the production and off-take made figures of last year September. NCL has produced 7.99 million tonnes of coal in September 2018, compared to 7.16 million tonnes in September last year. Similarly, in September 2018, the company has despatched 8.16 million tonnes of coal as against 7.90 million tonnes in September last year.

 

It is worth mentioning that in the current financial year, NCL has to produce 100 million tonnes of coal and dispatch 100.50 million tonnes of coal. Looking at the results of the first half, it is expected that the company will surpass its assigned targets.