Coal India Arm Registers Record Production, Dispatch In 2020-21
MCL, a subsidiary of Coal India Ltd, on Friday said it has posted a record production of 148.01 million tonne and achieved the highest-ever dispatch of 146 million tonne in the 2020-21 fiscal. These achievements by the Odisha-based miner will help Coal India, a Maharatna PSU, strengthen its foundation to meet the one billion production target by 2024, an official said. Mahanadi Coalfields Ltd also registered a record of 174.5 MCuM of overburden removal in the last fiscal, its chairman-cum-managing Director P K Sinha told reporters.
Overburden removal is a process of removing topsoil and rock to expose coal seams in open cast mines. He said Mahanadi Coalfields Ltd spent Rs 2,300 crore as capital expenditure, which was the highest among all Coal India subsidiaries in FY21.
"MCL is committed to supply clean coal with minimum impact on the environment. The company is implementing nine projects to provide a pollution-free rake loading system with a total expenditure of Rs 3,600 crore," Sinha said. He said MCL had signed an agreement with the Odisha government and SUM Hospital for setting up medical facilities in Bhubaneswar and Talcher for the treatment of COVID-19 patients.
The company also established a dedicated COVID Health Centre in Jharsuguda, he said. The miner had spent Rs 193 crore for its corporate social responsibility programme in the last fiscal, he added.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.