Mahanadi Coalfields Ltd (MCL), a Coal India Ltd (CIL) subsidiary has been given the mandate to produce 160 MnT of coal in this fiscal, up from 139 MnT in FY17.
MCL is the second largest coal producing subsidiary of CIL after South Eastern Coalfields Ltd (SECL). MCL was carved out of SECL in 1992 with its headquarters at Sambalpur. It has total seven open cast mines and three underground mines spread across Odisha.
Sutirtha Bhattacharya, chairman of CIL said, MCL has a capacity and the potential to achieve the big targets, by optimum capacity utilisation and taking advance actions for the environment, forest and other statutory clearances. The CIL chairman inspected mining activities of MCL at Ib valley coalfields in Odisha and thereafter chaired a review meeting with the top management officials of MCL.
The company (MCL) has a potential to achieve higher targets, for which optimum capacity utilisation is need of the hour, Bhattacharya said.
Commenting on the outlook for the energy sector, he said, the time has come to explore viable diversification plans to enter into the renewable energy sector. ‘’We have to be more competitive in the energy market while opportunities of diversification have to be explored,’’ he added.
MCL Performance in FY17:
MCL was the largest coal producer among CIL subsidiaries in FY16. However, in FY17, SECL overtook MCL to become the largest coal producing subsidiary.
MCL had produced 139.22 MnT coal in FY17 which was marginally lower than 137.9 MnT produced by SECL.
MCL total coal offtake during FY17 was 143.03 MnT, thus becoming the top subsidiary in coal sales. Coal offtake in FY17 increased by 2% Y-o-Y compared with 140.22 MnT in FY16.
Source: MCL
Production in MnT
Over Burden Removal in Million Cubic Metre
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