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Mahanadi Coalfields Limited (MCL) registered a record 193.3 million tonne coal production with highest ever 192.7 million tonne coal despatch

in Business, State News April 1, 2023 Comments Off on Mahanadi Coalfields Limited (MCL) registered a record 193.3 million tonne coal production with highest ever 192.7 million tonne coal despatch 355 Views

Bhubaneswar, April 1, 2023:  Scaling new heights, Mahanadi Coalfields Limited (MCL) registered a record 193.3 million tonne coal production with highest ever 192.7 million tonne coal despatch to consumers during the financial year 2022-23.

Chairman-cum-Managing Director Shri Om Prakash Singh, while addressing at the Annual Media Conference here on Saturday, expressed his gratitude to the State and the Central government for extending all necessary support to the company, which ensured new milestones in its pursuits of energy security in the country.

“MCL  registered a growth of 15 % for the financial year 2022-23, while coal despatch  also showed nine per cent growth over previous financial year 2021-22,” Shri Singh informed, expressing his gratitude to all the stakeholders, employees of the company and contractors’ workers.

Functional directors of MCL, including Shri Keshav Rao, Director (Personnel), Shri PK Patel, Chief Vigilance Officer, Shri Jugal Kumar Borah, Director (Technical) and Shri Ajit Kumar Behura, Director (Finance) also shared the dais with the CMD, who attributed the success of the company to close coordination and dedicated effort put in by each member of the company in executing the plans.

“We are happy to share that MCL has achieved all its targets much ahead of schedule and have contributed to Coal India surpass its target of 700 million tonne set for financial year 2022-23,” the CMD added, while informing that the 97 per cent of total production of MCL was through eco-friendly equipment surface miners.

Shri Singh said that the coal despatch to power sector also increased from 127.12 million tonne in FY 2022 to 148.8 million tonne in FY 2023 with a growth of 17 per cent.Strengthening its business activities, the company made Capital Expenditure (CapEx) of Rs 3,850/- crore during the financial year 2022-23.

MCL enjoys being the top company in Odisha contributing under CSR. In the year ended March 31, 2023, the company had spent around Rs 200 crore under various CSR initiatives for social and economic upliftment of society, particularly the remote and peripheral areas of the coalfields.

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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