Mahanadi Coalfields

DIPAM Secretary Arunish Chawla said the "momentum" in stake sales and public offerings would continue in FY27

Audit says 1.18 crore tonnes of coal produced beyond EC limits and without valid clearances

Pranav Constructions has set a ₹118-124 price band for its ₹351-crore IPO, comprising a fresh issue of ₹315.6 crore and an OFS worth ₹35.4 crore

Coal India, the public sector undertaking (PSU) stock, reported its sharpest intra-day gain in the past three months on Wednesday.

Odisha has approved 14 projects across 10 districts, spanning food processing, textiles, chemicals, electronics and steel, with potential to create 14,104 jobs

Coal India board approved the listings of its arms South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL).

Till FY21, SECL was CIL's largest coal producing company. The output, however, dropped to 142.5 MT in FY22, only to be overtaken by MCL with coal production of 168.2 MT

During April to December 2024, CIL recorded a production of 543.4 mt, a growth of 2.2 per cent over the same period last year

Rs 5.6K cr equity investments in two thermal power projects also get go-ahead

Uday A Kaole has assumed the charge of the Chairman-cum-Managing Director (CMD) of Coal India arm Mahanadi Coalfields Ltd (MCL). Prior to joining MCL as its CMD, Kaole was the Director (Technical) at Bharat Coking Coal Ltd (BCCL). Kaole brings with him 36 years of rich technical and administrative experience in the coal mining sector. He has a long experience of working in challenging underground coal mines operations, as well as in the opencast mines, MCL said in a statement. He had joined Coal India as Junior Engineering (Trainee) in 1987 and served at various important positions in Western Coalfields Limited (WCL) and South Eastern Coalfields Limited (SECL). A mining engineering graduate from Nagpur University with the First Class Mine Manager competency certification, Kaole also has degrees of Master of Business Administration (MBA) and Legum Baccalaureus (LLB) from Nagpur University.

A budget of Rs 6.5 crore has been earmarked for the skill enhancement of coal miners, the company said.

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

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

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

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

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

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

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

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

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