Bharat Coking Coal plans to increase output by over 15% in next three years

Bharat Coking Coal Ltd (BCCL), part of Coal India Ltd (CIL), which achieved a significant turnaround following a revival package investment from the Indian Government, plans to increase output by 15.3% to 36 Mt in the next three years with a capex of some $400 million (R2,100 crore) to be spent on various projects. BCCL, a Dhanbad based CIL subsidiary, achieved its highest ever production of 31.21 Mt in 2012/2013. Tapas Kumar Lahiry CMD of BCCL said that “We plan to take our production to 36 Mt by 2016 to 2017.” Lahiry said that the company was committed to implementing the strategic plan, approved in 2008, to achieve a growth of 7% to 10% per annum and reach a production capacity of 36 Mt by 2017. He added that the company plans to modernise and enhance underground mine production. Lahiry said that the process is also on for developing high capacity underground mines with global technology. BCCL is the only company in India with substantial resources of coking coal and accounts for almost 50% of the total prime coking coal requirement of the integrated steel sector. It operates 66 coal mines and runs six coking coal washeries and two non-coking coal washeries.