Big moment! This Mini Ratna company now in prestigious 100 mt coal producing company club
The NCL achieved the assigned target of 100 MT of coal production on Tuesday (March 26, 2019), which happens to be highest ever since the inception of the Mini Ratna PSU.
The Northern Coalfields Limited (NCL) — a subsidiary of the Coal India Limited or CiL — has become the third company of the country and the third subsidiary of Coal India Limited to produce 100 million tonnes coal — a development that can cheer the thermal coal producer companies in India. With this, the Mini Ratna PSU achieved its assigned target of 100 million tonnes of coal production on 26th March 2019, straight 5 days ahead of fiscal completion. This happens to record highest ever since the inception of the company. Coincidentally, the achievement came at the time when Chairman CIL AK Jha was on a 2-day visit to NCL.
The Chairman CIL congratulated team NCL for the historic achievement. Other two companies that have achieved this feat earlier are also subsidiaries of the CIL namely South Eastern Coal Fields Limited (SEL) and Mahanadi Coal Fields Limited (MCL).
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"We achieved our assigned target of 100 MT of coal production on Tuesday (March 26, 2019), five days ahead of FY 2018-19 completion. This happens to be a record production, highest ever since the inception of the company," said a company official who wish not to be identified due to the election code of conduct.
Company's dispatch also crossed 100 million tonnes. Till Tuesday, the company had despatched 100.14 million tonnes of coal which is very close to the target of 100.50 million tonnes. The company is expected to complete dispatch targets too before the end of the financial year. Most of the company's coal projects have either achieved their annual target or have produced more coal than the assigned target. Going by the performance by far, the remaining areas are also expected to achieve the targets ahead of the fiscal end.
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