|
|
|
NCL plans expansion, to produce 100 mt in FY19
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 15 Dec, 2018
Northern Coalfields Ltd (NCL), a subsidiary of Coal India Ltd, is
expecting to produce over 100 million tonnes of coal in the current
fiscal, an official said here on Friday.
The miner, which is
"ahead of the task" in terms of its contribution to Coal India's
projected one billion production target, has planned for expanding its
mines' capacity by around 22 mt in the next few years.
NCL is
spending Rs 1,150 crore as its capital expenditure in the current fiscal
mostly on acquiring land and buying equipment, the official said.
The
miner had produced over 93 mt of coal last year, up by more than 10 per
cent over the previous year and its off-take was at 96.7 mt in 2017-18,
achieving about 16 per cent growth.
"There will be seven million
tonne jump in coal production this year and we are going to touch 100
mt by the end of this fiscal," NCL's Chairman and Managing Director P.K.
Sinha said.
Among the coal behemoth's seven coal-producing
subsidiaries, NCL will be the third entity after South Eastern
Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd ( MCL) to achieve 100
mt production-mark.
To achieve one billion tonne production
target of Coal India, it was estimated that NCL's contribution would be
115 mt by 2022-23, he said.
"We are currently ahead of the estimated contribution to achieve Coal India's one-billion tonne target," Sinha said.
"We
are expanding our Jayant mine having a capacity of 15.5 mt annually to
25 mt. The existing capacity of Dudhichua mine will also be ramped up to
25 mt from 15.5 mt. By these two expansion projects, we would be having
20 mt incremental capacity in the next 4-5 years," he said, adding that
a new Semaria mine with a two mt capacity per annum is expected to open
in 2-3 years.
NCL's contribution to Coal India's total
production is around 15 per cent, he said while addressing the first
"International Conference on Opencast Mining Technology and
Sustainability (ICOMS-2018)" here, being organised by the miner in
association with Indian Institute of Technology (BHU), Varanasi and AKS
University, Satna.
Nearby power plants at Singrauli consume
nearly 70 per cent of the company's production, Sinha said, adding that
it has been supplying 20 per cent of its off-take to coal-starved
thermal plants situated at the up-country northern and western states
like Haryana, Rajasthan and others.
He urged for better
evacuation infrastructure to feed thermal power plants and claimed that
power plants, linked with the NCL, do not have scarcity of the fossil
fuel, adding that the problem lies in the railway infrastructure.
Aimed at strengthening research and development (R&D) capabilities of the company, NCL recently signed an MoU with IIT-BHU.
The
miner's SARAS, an acronym for Science & Applied Research Alliance
and Support, took its first flight on Friday in the form of ICOMS.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|