NCL registers 17% growth in coal production during first half of FY18

By: |
Kolkata | October 04, 2017 5:01 PM

Northern Coalfields Ltd (NCL), a subsidiary of Coal India, today said it has registered a 17 per cent growth in coal production during the first half (April-September) of 2017-18.

Northern Coalfields, NCL, Coal India, coal production, growth in coal production, NCL registers growth, Coal productionNCL, a subsidiary of Coal India, today said it has registered a 17 per cent growth in coal production during the first half (April-September) of 2017-18. (Image: Reuters)

Northern Coalfields Ltd (NCL), a subsidiary of Coal India, today said it has registered a 17 per cent growth in coal production during the first half (April-September) of 2017-18. NCL produced 42.80 million tonnes of coal compared to 36.60 million tonnes in the same period of the last fiscal, registering a growth of 17 per cent, the company said here today. Parent Coal India, on the other hand, registered a minor growth of close to one per cent in production on a cumulative basis. The company’s coal offtake during the first half of the current fiscal remained at 44.62 million tonnes against 38.16 million tonnes in the corresponding period of the last fiscal, NCL said in a statement.

Coal production in September 2017 jumped 37 per cent at 7.16 million tonnes while offtake rose 42 per cent to 7.9 million tonnes compared to the same month last year. NCL had achieved highest-ever coal production and offtake of 84.10 million tonnes and 83.46 million tonnes respectively in FY17, overtaking the target of 82 million tonnes. NCL produces 12 per cent of the national coal production from its 10 highly mechanized opencast mines.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1India loses Farzad-B gas field in Iran
2Credit Suisse gives $1 million in COVID medical aid
3Housing sales up 21%, new supply down 40% in Jan-Mar; demand to be muted in Apr-Jun