PSU NEWS
NCL records highest ever dispatch of coal
NCL also did 4.02 lakh tonnes of record coal production on Friday, which is more than any single day production of this financial year.
Singrauli: Northern Coalfields Limited (NCL), the Singrauli based subsidiary of Coal India Limited, has set a new record by dispatching maximum coal in a day on Friday. NCL dispatched about 3.76 lakh tonnes yesterday which is the highest coal dispatch in a day since the inception of this miniratna company. NCL also did 4.02 lakh tonnes of record coal production on Friday, which is more than any single day production of this financial year. On this spectacular achievement, the CMD and Functional Directors of the company have congratulated the team NCL.
With the relentless efforts of NCL employees even in the tough time of the COVID-19 pandemic, the company has produced about 77.4 million tonnes of coal in FY 20-21 with a growth of 5.4%. NCL has also recorded a phenomenal growth of about 20% y-o-y in OverBurden Removal, the material above coal layers which is to be removed for coal exposure. Overburden removal is an important factor to judge the performance of opencast mining companies. NCL has dispatched about 73.16 million tonnes of coal out of an annual coal dispatch target of 113.25 million tonnes.
Going by the figures it is expected that NCL will once again cross its assigned targets and will set new records. In the last FY 2019-20 also, NCL produced and dispatched more coal than its set targets.
Read Also : LIC cuts stakes in major PSU stocks
News Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24