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CCL produces 11.4 MT till July 11 this fiscal

Press Trust of India  |  Ranchi 

The Limited (CCL) has registered a record 11.4 million tonnes of production recording a growth of 13 per cent till July 11 in the first quarter of 2018-19 financial year.

"It has registered a growth of 13 per cent till July 11," CCL said at a press conference here.

The dispatch also witnessed double digit growth of 11 per cent with a dispatch of 17.7 of million tonnes of in quarter one, he said in a press release.

With a commitment to 'Power for all,' the company supplied 12 per cent more coal to thermal power plants in the first quarter in comparison to the same period last year.

The coal production target of CCL for the current fiscal is 76.35 million tonnes and the company will be expanding its ongoing projects in Magadh, Amrapali, Karo and Ashoka to boost production.

In the last financial year, capital expenditure of the company was Rs 899 crore against the target of Rs 650 crore, 38.30 per cent more than the target, it said.

"The inspiring guidance of and business friendly policies of the has facilitated our contribution to the states coffer in the shape of royalty to grow almost more than 50 per cent in less than four years from Rs 925 crore in 2014/15 to Rs 1501 crore in 2017/18 and is likely to touch Rs 2000 crore in current financial year," the release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 16:05 IST
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