Don’t miss the latest developments in business and finance.

Mahanadi Coalfields

In the past three years, SECL's coal production has decreased

Updated On: 14 Mar 2023 | 10:27 PM IST

Visitors to the park can also avail the opportunity of having a first hand experience of an underground mine

Updated On: 29 Jan 2023 | 5:05 PM IST

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

Updated On: 23 Jan 2023 | 5:30 PM IST

Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, is looking to diversify into power generation, and plans to set up a Rs 12,000 crore power plant in Odisha

Updated On: 23 Jan 2023 | 12:01 PM IST

Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, aims to achieve approximately 190 million tonnes of dry fuel production in the current fiscal

Updated On: 23 Jan 2023 | 8:06 AM IST

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

Updated On: 10 Jan 2023 | 6:07 PM IST

South Eastern Coalfields (SECL), the highest coal-producing company among the eight entities of CIL over the years, was outshined by Odisha-based Mahanadi Coalfields (MCL) in FY22

Updated On: 06 Nov 2022 | 9:45 PM IST

Inadequate rake supply continues to haunt railways despite its numerous claims of intervention

Updated On: 24 Jul 2022 | 10:52 PM IST

In the past one year, the non-power sector has seen coal dispatch fall by 33 per cent

Updated On: 24 Jun 2022 | 12:27 AM IST

The statement comes amid certain parts of the country witnessing power outrages in the wake of fuel shortages

Updated On: 24 May 2022 | 5:43 PM IST

Mahanadi Coalfields Ltd (MCL) said it has produced 168 million tonnes (MT) of coal during the financial year 2021-22 registering a growth of about 14 per cent over the previous fiscal.

Updated On: 02 Apr 2022 | 7:45 AM IST

The statement comes at a time when various plants in the country are facing coal shortages

Updated On: 14 Oct 2021 | 1:30 AM IST

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 ..

Updated On: 02 Sep 2021 | 1:22 PM IST

Dilip Buildcon said it has emerged as the lowest bidder for development of CIL arm's mining project in Odisha having a contract value of Rs 37,215.54 crore

Updated On: 07 Nov 2020 | 6:12 PM IST

Coal India subsidiary Mahanadi Coalfields Ltd (MCL) on Wednesday said it posted its highest-ever single day coal despatch of 5,17,448 tonnes on July 28

Updated On: 29 Jul 2020 | 9:02 PM IST

Coal workers affiliated to five trade unions had gone on strike from July 2-4.

Updated On: 08 Jul 2020 | 8:31 PM IST

Pressure on e-auction premiums, subdued outlook on prices and stake sale overhang remain key concerns

Updated On: 04 Mar 2020 | 12:10 AM IST

None of the units run by NTPC, along with those operated by its JVs, now faces a situation of super critical stocks

Updated On: 28 Jan 2020 | 5:33 PM IST

OCPL can sell 6,000 tonnes of coal per day to Coal India at notified prices

Updated On: 23 Dec 2019 | 10:37 PM IST

Mahanadi Coalfield's output plummeted 33 per cent in September, engendering huge shortage for CPP-based industries

Updated On: 16 Dec 2019 | 6:57 PM IST