NCL Coal Production in FY21: NCL at the pinnacle of 35 years of performance
Splendid performance in Coal Production, Dispatch and Overburden Removal
New Delhi: Northern Coalfields Limited (NCL), the Singrauli based Miniratna company, has broken all its records in performance and is at pinnacle since inception. NCL surpassed its fiscal production milestone of 113 MT and produced 115.05MT till year-end with 6.47% y-o-y growth. Amidst COVID triggered lockdown, this historical achievement holds exceptional in NCL’s expedition.
In the same line, the company has also surpassed its Annual Overburden Removal (OBR) targets of 370 Million Cubic Meter, and removed a whopping 374.17 Million Cubic metres of Overburden with a y-o-y growth of 15.76% in this fiscal. Overburden is material above the coal seam, required to be removed above coal layer for ready exposure. OBR is an important factor to determine a mining company’s output and growth.
On this magnificent achievement, CMD Shri Prabhat Kumar Sinha congratulated Team NCL and stated that even in the testing time of pandemic our coal warriors have proven themself with their unwavering commitment towards the energy security of the nation. The top management has expressed hopes that the company will continue to ride the wave with the same synergy.
NCL has also created history by dispatching 108.66 Million Tonne of Coal in this fiscal, which is also the highest ever coal dispatch by the company since inception. Fulfilling the power aspiration of the nation in an unprecedented time, NCL supplied 87% of its total coal to Power Producers, also there was a about 14% increment in the average supply of coal rakes to upcountry consumers. Ease and relaxation to all consumers in terms of coal offtake and payments was provisioned adhering to the guidelines from Ministry of Coal.
Promoting the sustainable and green mode of transportation, The company has supplied 12% more coal using rail mode to consumers. Also, 2.3% growth was observed in the Merry-Go-Round (MGR) mode of coal transportation. NCL supplies about 52 Million Tonnes of coal through dedicated MGR transportation mode which is directly linked to thermal power plants (TPP). In a crucial pro-environmental step, a remarkable decline of 24% was seen in coal transportation through road mode in spite of y-o-y growth in the company's coal dispatch.
NCL operates with 10 highly mechanized opencast coal mines spreaded in Singrauli and Sonbhadra District of MP and UP state respectively. NCL is eyeing 130 MT coal production by 2023-24 in its contribution to make India a self-reliant Coal Sector.
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