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Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Limited (MCL) as part of its green initiative, has developed an eco-park and a museum over a closed underground mine. The Chandra Shekar Azad eco-park and coal museum are situated at mine number 4 of Orient Area in Ib Valley coalfields, Jharsuguda, Odisha. The park was constructed by MCL in record time of just more than a year after coal and Parliamentary affairs minister Pralhad Joshi had laid its foundation stone in 2021. It...
Mahanadi Coalfields sets up eco-park over closed underground mine in Odisha
Key News Axis Bank Q3 results: Net profit rises 61.9% to Rs 5,853 crore Indian private lender Axis Bank Ltd on Monday reported a 61.9% rise in quarterly profit, as strong loan growth boosted interest income. Net profit rose to 58.53 billion Indian rupees ($719.53 million) in the three months ended Dec. 31 from 36.14 billion rupees a year earlier, Mumbaibased Axis Bank said in an exchange filing. IDBI Bank posts record-high Q3 profit of Rs 927 crore on lower provisions ...
Key News - Axis Bank Ltd, IDBI Bank Ltd, Sterlite Power Ltd, Vistara Ltd, Bharat Petroleum Corporation Ltd, Mahanadi Coalfields Ltd By ARETE Securities
Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd (CIL), on Friday said it has produced 168 million tonnes (MT) of coal during the financial year 2021-22 registering a growth of about 14 per cent over the previous fiscal. The company said it has set new milestones in all the performance parameters vis-a-vis coal production, despatch and overburden removal (OBR). Addressing a press conference here, MCL Chairman-cum-Managing Director O.P. Singh said: "The last fiscal has ...
MCL records 14% growth in coal production during 2021-22
Key News Tata's chip making plan may hit roadblocks on global shortage: Report The Tata Groups' reported plans to set up a $300- million semiconductor manufacturing facility on a wartime basis is likely to face some headwinds given the absence of raw materials in the country and its scarce availability outside due to the ongoing shortage globally since the pandemic, says a report. The pandemic and its after effects on increased demand for data and consumer electronics have left...
Key News - Tata Group, Aurobindo Pharma Ltd, Mahanadi Coalfields Ltd, FMCG By ARETE Securities
Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India will set up a 50 megawatt (MW) solar power plant in Odisha's Sambalpur at a total cost of Rs 301.92 crore, moving steadily towards its goal to achieve carbon neutrality by 2024. MCL has placed a turnkey order to set-up a 50 MW solar power plant with a Chennai-based firm M/s Hild Energy Ltd, which will establish this green energy project within a timeline of 10 months, the MCL said in a statement on Saturday. This solar pl...
MCL to set up 50MW solar power plant in Odisha
The Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited (CIL), on Tuesday recorded the highest ever coal despatch by rail-mode, officials said. The company despatched 102 rakes from the Ib Valley and Talcher coalfields to various power stations in a single day. MCL's Chairman-cum-Managing Director P.K. Sinha has complimented the teams involved in achieving the record despatch through rail. "It is an impressive performance by Team MCL, with equally great coo...
MCL records highest coal despatch by rail in single day
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