Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
A division of Coal India, Central Coalfields Ltd (CCL) has recorded a notable 13.5% annual profit in production, hitting 47.84 million tonnes (MT) through November 2023 and almost reaching its yearly target. With an enormous 27% rise compared with the previous year, the company's performance data shows a continuous ascent towards its ambitious production goal of 135 MT by the fiscal year 2025–2026.
In line with the production, CCL's offtake has also seen a notable increase, reaching 53 MT, which is 100% of its year's progressive target and represents a 12% growth compared to the last year. The OverBurden Removal (OBR), a measure of mining efficiency, has matched the target at 79.23 million cubic meters, showing an 11% increase over the previous year.
Power offtake from CCL has exceeded the target for this fiscal year, with an actual of 44.95 MT against the goal of 43.9 MT, underscoring a 10% growth over last year's figures. CCL marks 13.5% growth in coal production, targets 135 MT by FY26.
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