Coal India Limited's coal output through opencast mines up 18.6 pc
Kolkata: Coal India Limited's (CIL) composite production, the sum total of overburden removal (OBR) and coal output through opencast mines, went up by a sharp 18.6 percent to 1,439.6 million cubic metres (McuM) ending December FY’23, compared to the year-ago same period, CIL sources said on Monday.
This was 101 percent of the target achievement on progressive basis, they added.
The state-owned coal mining Maharatna excavated 1,154.2 McuM OBR till December of the current fiscal year, posting a 19.2 pc growth over a similar period last year and achieving 101 pc of the target.
CIL has also taken up manufacturing sand out of OB creating wealth from waste in an eco-friendly way. Presently, sand demand is met through sand mining and dredging from water courses of rivers which severely affects the ecosystem of rivers.
As an effort towards preserving the ecosystem, CIL has started an out-of-the-box initiative of segregating sand from overburden formations.
Three OB to sand conversion projects presently operated by CIL’s subsidiaries produced 16,643 CuM sand till Nov FY '23.
The company is unrolling plans to set up six more projects.
All nine plants aim to produce 30 Lakh CuM sand annually once fully operational.
This makes manufactured sand available at cheaper rates and in an eco-friendly manner. The move also helps improve the riverine ecosystem, they added.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Rajasthan, Tamil Nadu act after 'contaminated cough syrup' caused death of 11 children
Preventive health check-up & felicitation of Safai Mitras in Agartala
Gyanesh Kumar-led ECI team visits poll-bound Bihar to review preparedness for polls
India reduce West Indies to 66-5 at lunch on day 3, lead visitors by 220 runs
