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Coal India arm MCL is in the process of diversifying into power generation and will set up a coal-based plant entailing an investment of around Rs 12,000 crore in Odisha, its chairman-cum-managing director O P Singh said. Mahanadi Coalfields Ltd (MCL) also has plans to diversify into aluminium business. "We are into process of diversifying into power generation... The power purchase agreement is in the process of getting finalised with a few states," Singh told reporters here. The subsidiary has applied to the government for coal linkage for the proposed 1,600-mw coal-fired power plant and the allotment is yet to be done, Singh said. The government is also advising the company to go for diversification "so they are definitely with us", Singh explained. Singh further said that MCL has plans to foray into aluminum business and the company is in the process of getting bauxite block allotted to it. The tentative size of the mine would be three million tonnes per annum. Bauxite is
State-owned CIL on Tuesday said that its arm MCL supplied 143.4 million tonnes of coal till December in the current fiscal, the highest among all the subsidiaries of the coal behemoth. Mahanadi Coalfields Ltd's (MCL) supplies accounted for 28.2 per cent of the total off-take of 507.8 million tonnes from Coal India Ltd (CIL). "MCL's growth curve has been phenomenal in FY23 in terms of production and supplies, the highest among all our subsidiaries," a senior executive of CIL was quoted as saying in a statement and added "this helped us in pushing up our overall output and off-take". MCL's coal off-take peaked to 146.12 million tonnes (MTs) on January 5, overtaking the total supplies that the company registered for full year of FY21. This achievement was attained 85 days before the current financial year comes to an end. MCL's supplies ending FY21 were 146 MTs. Against the contracted quantity of 81.5 MT to its customers in the power sector, the actual supply from MCL was 102.7 MT t
Coal India Limited (CIL) Chairman Pramod Agrawal laid the foundation stone of Mahanadi Coalfields Limited's Rs 285.05 crore first-mile connectivity (FMC) project of Lajkura SILO at Ib valley in Jharsuguda district. The project would add 15 million tonne per annum dispatch capacity to Mahanadi Coalfields Limited. The CIL Chairman, who was here on a two-day visit to Ib Valley coalfields of MCL, laid the foundation stone of Lajkura SILO, under IB Valley Area on Wednesday, in the presence of MCL CMD PK Sinha, Director (Tech/Operations) OP Singh, Director (Finance) KR Vasudevan, Director (Personnel) Keshav Rao, Director (Tech/Project & Planning) Baban Singh, according to a press release. Agrawal inspected mining operations at Lakhanpur OCP (21 MTY), Belpahar OCP (9 MTY), Lajkura OCP (4.5 MTY) and Samleshwari OCP (15 MTY) and interacted with field managers. The chairman also rewarded the best performers in projects as motivation, it said. The chairman also commissioned four 100-tonne ..