Bharat Coking Coal Ltd (BCCL), which operates coking coal mines in Jharkhand and West Bengal, looks set to invest Rs.12 billion in equipment by 2011-12 according to the company’s chairman and managing director, Mr. A.K. Paul.
He said BCCL, a unit of Coal India Ltd, has set a target of producing 26.5 million tonnes of coking coal in the current financial year and will further increase the production volume to 30 million tonnes of coking coal by 2011-12.
The state-run company has 66 operative mines of which 36 are underground mines, 12 opencast mines and 18 mixed mines. The mines are in the two east Indian states of West Bengal and Jharkhand, with a workforce of over 80,000 people.
“We are very hopeful that BCCL would come out of the Board for Industrial and Financial Reconstruction (BIFR) list by 2012. The company was first referred to the list in 1994-95,” he said.
“Against the production plan of 26.5 million tonnes of coking coal in 2008-09, BCCL has placed 5 million tonnes under e-auction, of which 4 million tonnes will be spot auction and 1 million would be through forward e-auction,” said Mr Paul.
He said the coal ministry had proposed in March this year that eight washeries be set up with a capacity of 2.5 million for washing of non-coking coal.
Source: Thaindian News
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