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Central Government/Public Sector | Madhya Pradesh - India | PID: 178631
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Value: 4761 Crore | For Northern Coalfields Ltd (NCL), a mining subsidiary of state-owned Coal India, 2018-19 is a landmark year as its coal production is expected to breach the 100 million ton (mt) mark, from 93 mt in 2017-18, and now the company is betting big on the track doubling on the Katni-Singrauli and Singrauli-Ramna routes at an investment of 4,761 crore. The company is making the most out of its location closer to the consumption centres in northern and western India and the upcoming projects will help it in evacuation infrastructure as both the projects are slated for commissioning next to next year. As an interim arrangement, the Railways recently opened six good sheds in a 50 km radius to help NCL evacuate fuel for upcountry consumers through the rail-cum-road mode and is also investing in rail links to mines and coal handling facilities to ensure faster evacuation. NCL reported a 16% production growth to 24.6 mt in the June quarter and the company is confident of touching the 100 mt production this year, Chairman PK Sinha said that only two out of seven mining subsidiaries — Sambalpur-based Mahanadi Coalfields and Bilaspur-based South Eastern Coalfields — have touched this milestone to date
| Updated on: 19 - Jul - 2018
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