Northern Coalfields Ltd. (NCL) has registered a robust coal production growth of 12 per cent in the first quarter of the current fiscal over the last year, the highest growth rate amongst all subsidiaries of Coal India Ltd (CIL). NCL produced 20.45 million tonnes (mt) of coal in the first quarter of the current fiscal, which remained 18.26 mt in the same period of the last fiscal.
Similarly, the company’s coal offtake during the first quarter of current fiscal remained at 20.85 mt., against the target of 20.18 mt., which is 11.30 per cent higher than that in the same period of the last fiscal.
In the month of June alone, the company’s coal production rose to 6.81 mt.against assigned target of 6.76 mt, which remained 6.11 mt. in June, 2015. The company’s coal offtake stood at 7.14 mt.against the assigned target of 6.48 mt. in the same period.
NCL had produced 80.22 mt. of coal in the last fiscal against the assigned target of 78.51 mt. and the company had registered double digit growth, which was well acclaimed in the industry. NCL is a Miniratna firm of the Union and a subsidiary of Maharatna Company Coal India Ltd.
The company produces approximately 12 per cent of the national coal production from its 10 highly mechanised opencast mines. NCL supplies more than 90 per cent of its produced coal to the nearby pithead thermal power plants of National Thermal Power Corporation (NTPC), Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL), Anpara unit of LANCO and other power plants.
The coal requirement for 12 per cent of the installed power generation capacity of the
thermal power plants of the nation is fulfilled by NCL. The balance mineable coal reserves of the Singrauli coal field, where the company is operating, is approximately 9.65 billion tonnes, which is power-grade coal, mostly favourable to open cast mining.