Mahanadi Coalfields Limited (MCL) registered a record 193.3 million tonne coal production with the highest ever 192.7 million tonne coal despatch to consumers during the financial year 2022-23.
MCL CMD, Om Prakash Singh, while addressing the media conference in Bhubaneswar expressed his gratitude to the state and the Central government for extending all necessary support to the company, which ensured new milestones in its pursuits of energy security in the country.
“MCL registered a growth of 15 per cent for the financial year 2022-23, while coal dispatch also showed nine per cent growth over previous financial year 2021-22.The 97 per cent of total production of MCL was through eco-friendly equipment surface miners CMD added,
Singh said the coal despatch to power sector also increased from 127.12 million tonne in FY 2022 to 148.8 million tonne in FY 2023 with a growth of 17 per cent. Strengthening its business activities, the company made Capital Expenditure (CapEx) of Rs 3,850 crore during the financial year 2022-23.
MCL had spent around Rs 200 crore under various CSR initiatives for social and economic upliftment of society in the year ended March 31, 2023.
