+
MCL witnesses a 14% rise in coal, producing 168 mt in FY21-22
COAL & MINING

MCL witnesses a 14% rise in coal, producing 168 mt in FY21-22

Mahanadi Coalfields Limited (MCL) told the media that it had produced 168 million tonnes (mt) of coal in FY21-22 and recorded 14% growth over the previous fiscal year.

The company said it had set new milestones in all the performance parameters, including coal production, despatch and overburden removal (OBR).

Chairman and Managing Director of MCL, O P Singh, said that MCL's coal production had been 103% of the target at a record 168.17 mt for FY22.

He said that the company had dispatched 176.17 mt of coal to the consumers, up by 21% over the previous year.

He added that MCL had registered a growth of over 18% in OBR at 207 million cubic meters, increasing the coal production this fiscal year.

MCL had been meeting the rising demand for coal during the third quarter (Q3) of FY21-22, despite the Covid-19 pandemic challenges.

Singh said that the coal demand would continue to remain high in the coming future. The company has set a target to produce 176 mt of coal in FY22-23.

He said that the company is keeping an eye on the erratic rainy season and other operational challenges of the coal sector to meet the rising demand by producing more coal.

The company has a capital expenditure of Rs 3,805 crore during the last financial year, which would help in meeting future goals.

It is the largest coal-producing company in India, having its mining operations in the Sundergarh, Jharsuguda and Angul districts of Odisha.

Image Source

Mahanadi Coalfields Limited (MCL) told the media that it had produced 168 million tonnes (mt) of coal in FY21-22 and recorded 14% growth over the previous fiscal year. The company said it had set new milestones in all the performance parameters, including coal production, despatch and overburden removal (OBR). Chairman and Managing Director of MCL, O P Singh, said that MCL's coal production had been 103% of the target at a record 168.17 mt for FY22. He said that the company had dispatched 176.17 mt of coal to the consumers, up by 21% over the previous year. He added that MCL had registered a growth of over 18% in OBR at 207 million cubic meters, increasing the coal production this fiscal year. MCL had been meeting the rising demand for coal during the third quarter (Q3) of FY21-22, despite the Covid-19 pandemic challenges. Singh said that the coal demand would continue to remain high in the coming future. The company has set a target to produce 176 mt of coal in FY22-23. He said that the company is keeping an eye on the erratic rainy season and other operational challenges of the coal sector to meet the rising demand by producing more coal. The company has a capital expenditure of Rs 3,805 crore during the last financial year, which would help in meeting future goals. It is the largest coal-producing company in India, having its mining operations in the Sundergarh, Jharsuguda and Angul districts of Odisha. Image Source

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?