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    Mar 2009
    Lonley Planet

    Default Central Coalfield Limited (CCL) Suffers Heavy Loss Due To Maoist Strikes

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    The Central Coalfield Limited (CCL) suffered a loss of 1.22 million tonnes of coal production due to strikes called by various Maoist outfits in Jharkhand. This was intimated by a company official on Friday.

    CCL Chairman-cum- Managing Director (CMD) R.K. Saha said in a press conference, "Due to 54 days strikes by various Maoist outfits in nine months of the current financial year (April-December 2009), CCL suffered loss of coal production to tune of 1.22 million tonnes."

    "Chief Minister Shibu Soren has said to initiate a dialogue with Maoists and appealed to them not to call strikes. We hope the situation will change in future," he said.

    CCL has registered a sound 16.3% growth of coal production in the nine months of current financial year as compared to the same period the previous year.

    CCL MD also said, "During April-December 2009, CCL produced about 30 million tonnes of coal, registering an absolute growth of 4.2 million tonnes, which is 16.3 per cent more over the corresponding period last year.

    It has been estimated that the company has earned a profit of about Rs.695 crore during April-December 2009, which is about Rs.241 crore more than the Rs.454 crore in the corresponding period the previous year.

    For the current financial year, CCL has set target of 48.10 million tonnes coal and 46.5 million tonnes coal dispatch. And, it has already dispatched 31.76 million tonnes of coal in the first nine months.



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