Coal India arm adds 6.6 billion tonnes of coal to proven category
Addition to proven reserves last year was considerably higher than the average rate reported in the last few years
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 and Central Coalfields. 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 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.