Mahanadi Coalfields Limited becomes No 1 coal producer of India in FY 2016
Mahanadi Coalfields Limited (MCL) said it has become the top coal producer in the country by producing a record 138 mt of dry fuel in the financial year 2015-16, contributing 39 per cent to the incremental growth of Coal India Limited. The MCL that celebrates Silver Jubilee Foundation Day today started its journey in 1992 as a 23 mt coal producing company and the youngest subsidiary of CIL, MCL said in a statement. The year ended March 31, 2016, remained an eventful year for MCL as it has become the flagship subsidiary of CIL, it said. While MCL produced a record 137.9 mt coal at a growth rate of 13.6 per cent, it supplied 140.22 mt dry fuel to its consumers, registering an outstanding growth of 14 per cent compared to same period during previous financial year 2014 for evacuation of coal.