CCL achieves record 67.04 mt coal output, 60.09 mt despatch in FY17
Continuing the success run, Central Coalfields Limited (CCL) has accomplished new feat by recording coal production of 67.04 million tonne (MT) and Coal Dispatch of 60.9 MT in the financial year (FY) 2016-17. This achievement have a special place in the history of CCL as company had almost stagnant growth till November 2016, due to low coal demand.
CCL has set an example for others by registering growth of 9.3% despite all odds. This is the third consecutive year when CCL has achieved its target with almost double digit growth.
During the period 2009-10 to 2012-13, the company's coal production was stagnating around 48 Million Tonnes (MT). The company was holding inventory (coal stock) of about 16 MT (about 33 % of annual production) for years together and because of its age, coal stocks had indications of spontaneous heating at many places.
Many ongoing projects had acute shortage of land as land owners were not giving physical possession of their land to CCL.
The employees were demotivated and demoralized. Same company, with the same set of employees has achieved unprecedented growth in the last three years.