NCL to Produce 106 MT Plus Coal in FY 19-20: CMD, NCL PSU NEWS

NCL to Produce 106 MT Plus Coal in FY 19-20: CMD

 

Singrauli: Shri P. K. Sinha, Chairman-cum-Managing Director of Northern Coalfields Limited has said that NCL will create a record in current financial year (2019-20) by fulfilling its 106.25 Million Tonnes of coal production and 106.25 Million Tonnes of coal dispatch targets. He said that the previous financial year (2018-19) has been a proud year for NCL in which the company became third company of Coal India Limited that produce more than 100 million tonnes of coal annually. Shri Sinha was interacting with media persons at NCL headquarters on Saturday. On this occasion, Shri Gunadhar Pandey, Director (Technical & Operations) NCL, Shri P. M. Prasad, Director (Technical, Project and Planning) and Director (Finance and Personnel) Shri N.N. Thakur were also present.
 
Referring to company's accomplishments, Shri Sinha said that in the last financial year (2018-19), the company produced  101.50 million tonnes of coal and dispatched 101.60 million tonnes of coal which not only exceeded the assigned targets, but  also became the highest ever production and dispatch figures ever touched by the company in its history. The company recorded an increase of 9 percent in coal production and more than 5 percent in despatch compared to the previous financial year. The company supplied 88.52 million tonnes of coal to the power houses. Throughout the year, power houses had surplus coal and no instance of power houses running in critical or super critical stage was recorded. The company also made the highest despatch ever through the railways with an average of around 25.50 rakes supply per day. 
 
He said that in the initial two months (April and May 2019) of the current financial year (2019-20), the company has produced 17.59 million tonnes of coal and during this period the company's coal dispatch remained at 17.04 million tonnes. During the period, the coal production and dispatch of the company are in line with assigned targets and approximately 7 percent and 3 percent more than the corresponding period of last financial year.
 
He specifically informed that the company has recorded a proportionate decrease in transportation of coal by road, and the company's best efforts are to reduce it further. He said that increase of coal dispatch to NTPC through MGR as a result of commissioning of new wharfwalls at Nigahi and Amlohri, connecting of new CHP of Block-B with rail line, construction of new CHP of 15 million tonne at Jayant and 10 million tonne at Dudhichua along with doubling and electrification of the railway line will reduce the transportation of coal by road in time to come.
 
He spoke extensively with the media on other achievements and future plans of the company and said that in the last financial year, the company spent about Rs. 74 crores on the works related to CSR, which is almost double the expenditure in the financial year 2017-18 . The company also spent Rs 1150 crore as capital expenditure.  The company has set a target of Rs 1235 crore for capital expenditure in current fiscal.


Posted Date :  03-06-19

Categories : PSU NEWS

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