Mahanadi Coalfields expects 13 per cent increase in production
COAL & MINING

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

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

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?