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NCL's Coal Production Growth by 11% of FY-19

The coal production of Northern Coalfields Limited (NCL) grew by 11% in the first three quarters (From April to December 2018) of current fiscal ended on Dec 31, 2018. The company also registered a growth of 7% in coal off-take in the same period. Prabhat Kumar Sinha led company has achieved coal production and dispatch volumes which are more than the assigned targets. The company has produced coal to the tune of 74.65 million tonnes and dispatched 75.84 million tonnes of coal up to Q3 thereby surpassing the assigned targets of 73.26 million tonnes of production and 72.21 million tonnes of despatch. Up to the end of the third quarter, the coal production of the company is 11 per cent higher than the corresponding period of the previous financial year. The company had produced 67.45 million tonnes of coal till the third quarter in last fiscal. Likewise, the company's coal dispatch till the third quarter is 7% higher than the same period of the last financial year which, remarkably, is also 105% of the assigned off-take targets by far.

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