industry

Coal India arm adds 6.6 billion tonnes of coal to proven category


Kolkata: Coal India arm, Central Mine Planning & Design Institute Ltd (CMPDIL), prepared 24 geological reports on coal blocks and added additional coal resources of about 6.6 billion tonnes to the ‘proven category’ during 2018-19.

Addition to proven reserves last year was considerably higher than the average rate reported in the last few years the company said in a statement. During FY 2018-19 CMPDI reported a Rs 1274 crore turnover with growth of about 10% over the previous year.

During 2018-19, CMPDI through departmental drills carried out 5 lakh meter of drilling with productivity of 619 per drill per meter, which is the highest in the history of CMPDI with a growth of about 11 % over previous year. This was achieved by adopting modern technology.

CMPDI was upgraded from category-II Mini-Ratna to category-I Mini Ratna company. The company has been actively involved in reclassification of coking coal to account for unclassified low volatile medium coking (Ash > 35%) coal resources available in Bharat Coking Coal Ltd and Central Coalfields Ltd. This resulted in addition of washery grade-V (exceeding 35% and up to 42% ash) & washery grade-VI (exceeding 42% and up to 49% ash) which will result in considerable financial benefit to related subsidiaries and foreign exchange saving through reduction in coking coal imports.

CMPDI has prepared a total 287 report, including 24 geological reports, 31 project reports and 84 Form-I/EMP. Draft project report of Mandar Parvat was prepared. This will be the first coal mine of Bihar.

CMPDIL chairman and managing director, S Saran said in a statement that it is necessary to start new work after searching for potential in sectors other than coal so that revenue and experience can be widened.





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