MCL is best Mini-ratna PSU in India says Dalal Street

Sambalpur: Investment magazine Dalal Street journal has awarded Mahanadi Coalfields Limited (MCL), an Odisha-based subsidiary of Coal India Limited, as India’s Best Public Sector Undertaking 2018.

 

In a letter addressed to MCL’s Chairman-cum-Managing Director, the Dalal Street has ranked Odisha-based Coal India arm as Number one 'Mini-ratna of the Year 2018 (non-manufacturing)'.

 

MCL is second largest coal producing company of the country, producing more than 93 % of dry fuel through 'Surface Miners', an environment-friendly technology. The company had produced 144.2 million tonnes during the fiscal ended March 31, 2019.