Coal India's arm MCL produces record 138 MT in FY16
MCL Chairman and Managing Director A K Jha said the performance graph of the company will continue to show a northward trend.
State-run Coal India's arm MCL has become the number one producer of the dry fuel in the country at 138 million tonnes in fiscal 2016, contributing 39% to the incremental growth of the coal behemoth.
"MCL, which celebrated Silver Jubilee Foundation Day today, has crossed several milestones in coal mining sector during its journey that started in 1992 as a 23 million tonnes coal producing company and youngest subsidiary of CIL," Mahanadi Coalfield Ltd (MCL) said in a statement on Sunday.
Fiscal ended March 31, remained an eventful year for MCL as it became the flagship subsidiary of CIL, it added. While MCL produced a record 137.9 million tonne (MT) coal at a growth of 13.6%, it supplied 140.22 million tonnes dry fuel to its consumers, registering a growth of 14% compared to same period during previous fiscal.
MCL Chairman and Managing Director A K Jha said the performance graph of the company will continue to show a northward trend. CIL accounts for over 80% of the domestic coal production.