Chairman and Managing Director of Central Coalfields limited, Gopal Singh on Thursday day asserted that the Greenfield projects of the company are sufficient to meet coal requirements expected from the miniratna company and by virtue of such projects the company can comfortably supply coal till 2019-20.
Speaking to media persons, Singh expressed that the company’s performance has been excellent and it is very much on the path to another great year. The Coal India limited subsidiary has setup six Greenfield projects in last three years (2013-14, 2015-16) with the combined capacity of 40 MT which can be expanded up to 100 MT. The Greenfield projects includes Magadh open cast project in North Karnpura Coalfields which is Asia’s largest open cast mine of 51MT of estimated capacity.
“With the Greenfield project we can meet coal requirement of the nation which is expected from the company till 2019-20,” said the CCl CMD.
Notably, CCl has been the best performer among all types of mining companies in the country in terms of production growth (11.6 per cent) in 2014-15 and made record by hitting 55.65 MT production mark in the same year. Singh expressed that the production growth has sustained the upward momentum and the company is on the path of another milestone in terms of year-on-year production growth in the current financial year.
“In the current year, growth in production is 12 per cent, overburden it is 15 per cent and off take and dispatch it is 10 per cent. All these figures are over and above the last growth figures. Profit in the first six months has been 99 per cent,” pointed out Singh.