Coal news and updates

Only seven out of 14 projects profitable: CCL

Ranchi: B Veera Reddy, the chairman cum managing director of the Central Coalfields Limited (CCL), on Saturday said the Ranchi-based central PSU will be gunning for increasing its underground coal mining production in the next five years in a bid to align with Coal India Limited’s environment sustainability goals.
“Only seven out of 14 coal projectsare profit making.

There are mines where coal stocks have been exhausted, but these mining areas still have 400-500 men who are idle and drawing their salaries. This is causing a loss. We have to stand up to the challenges which will be posed by the private companies,” Reddy said.
“We need to produce 7 million tonnes of coal through underground mining in the next five years. We have two operational underground coal mines at present – the Churi and Dhori coal mines. We need to plan more underground mines in coming years,” he said.
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