Central Coalfields Ltd produces 76.09 million tonnes of coal in FY 23

3 Apr 2023 , 03:22 PM

In the fiscal year 2022-23, Central Coalfields Limited (CCL), which is a subsidiary of Coal India, achieved an all-time high in coal production by generating 76.09 million tonnes (MT) of coal. This represents an impressive growth of 11% compared to the previous fiscal year, wherein the production was 68.85 million tonnes.

According to CCL's chairman-cum-managing director PM Prasad, this is the first time since 2018-19 that not only was the target achieved, but it was also surpassed. The company estimated an output of 76 million tonnes for the year ended March 2023.

During the previous fiscal year, the Coal India subsidiary based in Jharkhand, achieved a record off-take of 75.03 million tonnes, showcasing an impressive growth of 4.5% as compared to the 71.8 MT in the fiscal year 2021-22. Dispatch to the power sector increased by 8.8%, from 59.2 MT to 64.4 MT.

The company's capital expenditure stood at Rs 1,925 crore.

Under its CSR initiative, the company plans to set up a centralized kitchen to cater to 50,000 students in Ramgarh, and a centralised library in Ranchi. 

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