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WCL registers the record turnover of Rs.5780 cr
Date:08/04/2008
THE sega of success continue as Western Coalfields Limited create record performance in production,annual turnover,sales,profit dispatches,heavy earth moving machines utilisation. Addressing a press conference on Monday ,D C Garg,CMD,WCL,said the miniratna compony has surpassed the target assigned to it for fiscal. The company had registered a profit before tax(pro-version) of Rs1,176 crores. In the last fiscal (2007-2008)company had produced 43.51 millions tonne(MT)surpassing the last year production of 43.21 MT Contibution of opencast mines in total production was 33,53 MT while that the underground mines was MT. Dispatches during the year totaled 44.90MT exceeding the target by 1,96MT and registering growth of 6.5% over the previous year 42.17MT.Record dispatches enable the company to bring down the level of coal stock at the pitheads to3.30 MT form the 4.69 MT. Garg Said. Garg proudly said that the productivity (output per manship) during the year (2007-08) was 2.52 tonnes againest the target of 2.44 tonnes and the last year's (2006-07) 2.50 tonnes. In the last fiscal ,total outstanding dues with customers were brought down from Rs 345 crore to Rs 132 crore. The Provisional turnover of the company stood at Rs 5780 cr registering an increases of Rs 768 crore over the last year's Rs 5012 cr. Gang said the company had invested Rs 172 crore during 2007-08 on the development of new mines and infrastructure entire from the internal resources Garg said the company allocated 1.92 MT coal under e-booking between April 2007 to October 2007 and later another 1.52 MT under spot e-auction between November 2007 to March 2008 |
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