Coal news and updates

MCL sets 239 mt production target for FY26

Mahanadi Coalfields Limited (MCL) has set a target to produce 239 million tons (mt) of coal production during 2025-26 (FY26) and further to 300 mt during FY30, according to a senior official of the company.

The Coal India (CIL) subsidiary will also start operation at 2 new mines having total coal reserve of 35 million tons (mt) by 2029-30 (FY30), of which 1 mine is likely to start operation by FY26

“We are going to start operation of Subhadra coal mine having a reserve of 25 mt in Talcher area by the end of financial year 2025-26… the Balabhadra coal mine, with a capacity of 10 mt will be made operational by 2029-30,” said Uday A Kaole, CMD, MCL.

The coal producer has also planned to set up several renewable energy projects with an estimated investment of Rs 17,900 crore.

“We are also using artificial intelligence (AI) for real-time tracking of coal transportation vehicles which are GPS enabled,” Kaole added.

At present, MCL operates 18 coal mines in Angul, Sundargarh and Jharsuguda districts of which 3 are underground mines and 15 are open-cast mines.