Comments
Central Coalfields Limited (CCL) today said it has become the first subsidiary of Coal India to achieve its production target as well as growth in raw coal output.
CMD Gopal Singh said, “The company has registered unprecedented growth of 11.2 per cent in raw coal production and 65 per cent growth in overburden removal (OBR) in the 2014/15 fiscal.”
Coal production had stagnated at around 48 MT for four consecutive financial years from 2009—10 to 2012—13 due to “acute shortage” of land. Singh said the target of coal production for 2014—15 was 55 MT and the company notched up a double—digit growth rate with production of 55.64 MT.
Complete transparency, ethical behaviour and a philanthropic approach have been instrumental in the change in the mindset of stakeholders, Singh said, adding that villagers have shown faith in the company and are giving up land for new projects.
CCL also logged a growth rate of 6.2 per cent in despatch in 2014—15, hitting an all—time high figure of 55.34 MT, he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.