ANI
13 Oct 2021, 19:07 GMT+10
New Delhi [India], October 13 (ANI): NLC India Limited (NLCIL) has taken steps to achieve the target of six metric tonnes per year from its original schedule of four metric tonnes during the current year and is considering a high demand of coal, the company is making efforts to augment coal production in the country.
The Ministry of Coal in its official release said, "NLC India Limited, a Navratna PSU's 20 MTPA Talabira II and III Open Cast Mine, Odisha has crossed two million tonne coal production till date during its first full year of operation. NLCIL has taken steps to achieve the target of 6 MT per year from its original schedule of 4 MT during the current year and considering the high demand of coal, NLCIL is taking all out efforts to augment coal production of Talabira Mine up to 10 MT for the current year and up to 20 MT from next year onwards."The coal produced is being transported to one of the End Use Plants, NLC Tamil Nadu Power Limited's 2 x 500 MW at Tuticorin, a subsidiary of NLCIL. The entire generated power is catering to the requirement of the southern states, major share (more than 40 per cent) to Tamil Nadu.
Recent Amendment to Mines and Minerals (Development and Regulation) Act on Mineral Concession Rules by Ministry of Coal, has enabled the mine for sale of excess coal after meeting the coal requirement of End Use Plant.
Accordingly, the permission from Ministry of Coal has been sought to sell the excess coal.
Meanwhile, the Centre is all geared up to meet the demand of coal by states and power companies and railways. The government is ramping up its per day coal production from 1.94 million to 2 million tonnes within a week.
Government sources told ANI today that there is no shortage in the daily supply of coal to states and power companies and it is maintaining 5 days' stock. In a month's time situation will be back to normal.
There are multiple reasons for the current scenario. A government source told ANI, "Since January coal ministry has been writing to various states to pick up and stock coal in their respective states but no one paid heed. Coal India can stock up to a limit. If we stock more coal than the limit there is a risk of fire."Rajasthan, West Bengal and Jharkhand have their own mines but they did little to extract coal. It is learnt that despite clearances some of the state governments sat on decisions and gave COVID and rains as a reason for not doing enough mining.
Prolonged monsoon affected the mining and the shooting prices of imported coal also contributed to the current situation. (ANI)Get a daily dose of Pakistan Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pakistan Telegraph.
More InformationIn spectacular fashion, Israel has upended peace talks and brought to a dramatic end the ceasefire that had paused 15-months of carnage...
WASHINGTON, D.C.: The U.S. Department of Education is investigating 45 universities for possible violations of civil rights laws. ...
WASHINGTON, D.C.: Gold prices have shattered the US$3,000 per ounce barrier for the first time, driven by escalating geopolitical tensions...
NEW YORK CITY, New York: The Trump administration is pressuring major food companies to remove artificial dyes from their products,...
BERLIN, Germany: German Lawmakers are debating whether to loosen the country's strict borrowing rules to fund military expansion. ...
The Voice of America may not live up to its ambitious name for much longer. Michael Abramowitz, the director of VOA, said in a Facebook...
HANOI, Vietnam: As Vietnam seeks to strengthen trade ties and avoid potential U.S. tariffs, companies from both countries signed agreements...
NEW YORK, New York - Profit-takers swooped on Wall Street and global markets Monday, buying up heavily-sold-off stocks. We're in a...
HARRISON, New York: PepsiCo is on the verge of expanding its portfolio with a major acquisition. The beverage giant is reportedly in...
GOODLETTSVILLE, Tennessee: Dollar General is bracing for a challenging year ahead, forecasting weaker-than-expected sales and profits...
SANTA CLARA, California: Intel's stock soared nearly 15 percent this week following the announcement that former board member Lip-Bu...
DETROIT, Michigan: Volkswagen's decision to scale back production at its Chattanooga, Tennessee plant has sparked backlash from the...