We would take more initiatives to step up coal production in future: DC Garg
Western Coalfields Limited (WCL) is a miniratna category-I public sector undertaking and a subsidiary of Coal India Limited (CIL). Its chairman and managing director DC Garg spoke to Hindustan Times on a range of issues.india Updated: Aug 11, 2013 21:57 IST
Western Coalfields Limited (WCL) is a miniratna category-I public sector undertaking and a subsidiary of Coal India Limited (CIL). Its chairman and managing director DC Garg spoke to Hindustan Times on a range of issues. Excerpts:
Can you elaborate on the financial and physical performance of WCL during 2012-13?
Despite major challenges WCL has achieved 42.29 million tonnes of coal production and 41.97 million tonnes of coal off-take. We also achieved the highest productivity during 2012-13 of 2.97 tonnes per manshift, which is 115.1% of the target and has recorded a growth of 10% over last year's 2.70 tonnes.
We have also despatched 21.35 million tonnes coal through rail mode as against the target of 19.05 million tonnes. The company has earned a profit before tax in the year 2012-13 of Rs. 428.87 crores as against Rs. 440.50 crores in the previous year (2011-12). It has declared a final dividend of Rs. 194.80 crores compared with the previous year's Rs. 184.04 crore at the rate of 65.50% ( compared to the previous year's 61.95%) on the paid up equity share capital of the company.
What are the company’s corporate social responsibility (CSR) and the environmental management programmes?
Post mining restoration of landscape has been ensured by five year plantation contract awarded to state forest corporations. Over 12.40 lakhs saplings covering about 500 hectares of land have been planted from 2009-10 to 2013-14. In the year 2012-13, a total of 1,60,625 tree saplings have been planted in the mining and adjoining areas.
WCL has completed 205 CSR activities, with an expenditure of Rs. 20.95 crores during 2012-13 as compared to Rs. 7.85 crore incurred during last year. In 2013-14, 435 new CSR activities will be taken up for execution at an estimated cost of R27 crores, in all the 10 areas of WCL, including R1.5 crores for relief work in drought affected areas of Maharashtra.
Could you give a break-up of underground and opencast mines operated by WCL in 2012-13? What steps are you taking to step up underground mines production?
In the year 2012-13, 38 underground (UG), 35 opencast (OC) and two mixed mines were in operation by WCL. To enhance UG coal production, WCL has taken many initiatives for adoption of mass production and continuous mining technology in UG mines for increase in production and productivity.
WCL has also taken further initiatives for adoption of new technology for mass production in underground mines through global tender for development, construction and operation on turn-key basis of three underground blocks namely Murpar, Jamunia, and Dhankasa in the first phase, and two more blocks namely Nand and Shaktigarh have been identified for development in the second phase.
First Published: Aug 11, 2013 21:55 IST