Mahanadi Coalfields expects 13 per cent increase in production

In the current fiscal year, Mahanadi Coalfields (MCL), a subsidiary of Coal India, plans to produce around 190 million tonnes of dry fuel. This will be 13.09 per cent larger than MCL's 168 million tonne output in 2021-22. MCL Chairman-cum-Managing Director OP Singh indicated that the business's production target for 2022-23 was 176 million tonne, but the company is 21% ahead of the objective and aims to reach 190 million tonne by the end of this fiscal year. He also stated that MCL has maintained its coal dispatch objective of 190 million tonnes for 2022-23. The company expects to ship 200 million tonnes of coal in the following fiscal year (2023-24). Out of this, 80 per cent is expected to be for the power sector. Singh stated that the government's goal of encouraging commercial coal mining will increase MCL's supplies. The micro Ratna business has spent Rs 39.22 billion on 11 projects for first-mile connectivity. Eight of these projects are now under construction, two have been commissioned, and one has yet to be awarded. MCL operates 18 mines, 15 of which are open-pit mines and three of which are underground mines. Odisha has 85 billion tonnes of coal reserves, 37 billion tonnes of which are held by MCL. Also Read Dhaka to get electricity from Nepal via Indian corridor Hindustan Zinc to purchase Zinc International assets from Vedanta