Coal India subsidiary MCL posts record 168 mt production in FY’22
Coal India subsidiary Mahanadi Coalfields Ltd clocked a record production of over 168 million tonne in the 2021-22 financial year, registering a growth of around 14 per cent over the previous fiscal, an official said on Friday.
The Odisha-based miner dispatched 176.17 mt of coal to its consumers, with a 21 per cent growth over the previous year, MCL chairman-cum-managing director Om Prakash Singh said.
The Sambalpur-headquartered firm has set a target of producing 176 mt of coal in 2022-23.
The record production of 168.17 mt in the last fiscal is 103 per cent of the target set by it, Singh said at a press conference in Bhubaneswar.
He stated that the capital expenditure of the miner was Rs 3,805 crore in the 2021-22 fiscal, as the outlay would meet future goals.
