Page 25 - BANKING FINANCE FEBRUARY 2016 ONLINE

PRESS RELEASE

Coal India's Annual Performance 2014-15

Record incremental increase in coal Target exceeded in OBR

production Referring to the positive trend in Over Burden Removal, Mr.
Bhattacharya said, "We are happy about the good growth
Coal India Limited, (CIL), came up trumps by creating a rate in Over Burden Removal. OBR is an important
record incremental increase in a single financial year performance criterion as it improves the mine geometry
producing 494.23 Million Tonnes (MTs) of coal in the just and exposes the coal seam for future mining. It also makes
concluded fiscal 2014-15 registering a production growth mines safer to operate". CIL as a whole removed 889.80
of 6.9%. Million Cubic Metres of Overburden during 2014-15
achieving 102% of the target registering a growth of 10.3%.
"The increase in production in absolute terms was 31.81 It is the first ever time CIL had exceed the target in OBR.
Million Tonnes which is highest ever incremental increase
in a single financial year since the inception of the Improved supplies to Power Utilities
company", stated Mr. Sutirtha Bhattacharya, Chairman of
CIL adding "it means, in a single year we have achieved Coal despatches to Power Utilities, the major coal consuming
42.5%, of the absolute increase of 74.93 Million Tonnes, sector of CIL's overall supplies, witnessed 8.6% growth on
recorded during the entire XI Five Year Plan. a year-on-year comparison as per the annual action plan.
Despatch of coal and coal products from CIL as a whole to
The important challenge is to ramp up our production to power utilities of the country during 2014-15 surged ahead
match with the targets and sustain it". During the last four to 384.18 MTs, up by 30.35 MTs, from that of 353.83 MTs
financial years beginning 2009-10 till 2013-14 the absolute achieved in 2013-14.
increase in coal production was 31.16 MTs, whereas the
production increased in volumetric terms & took a quantum Positives of 2014-15
leap to 31.81 MTs in FY 2014-15 alone.
O One of the important achievements of 2014-15 was
that Eastern Coalfields Limited came out of BIFR.

Raw coal off-take O Bharat Coking Coal Limited was conferred the Miniratna
status.
Raw coal off-take during FY ending 2015 was 489.34 MTs,
an increase of 17.76 MTs on a year-on-year comparison O Three new opencast mines Magadh and Konar in Central
registering a growth of 3.8%. Target achievement in this Coalfields Limited, Makardhokra 1, Bhanegaon and
facet has been 94%. "Growth in coal off-take ought to have Panganga in Western Coalfields Limited, and Jampali in
been more", admitted Mr. Bhattacharya. South Eastern Coalfields Limited went operational.

Blood Donation Camp at Vijaya Bank

In Vijaya Bank Head Office, Bangalore a Mega BLOOD
DONATION Camp was organized with the medical support and
help of one of the reputed Hospital - Narayana Hrudayalaya
under auspices of " All India Vijaya Bank Officers' Association".

The camp was inaugurated by Managing Director and CEO of
Vijaya Bank Sri Kishore Sansi in the presence the Executive
Director of Bank sri B S Rama Rao, General Secretary of Officers'
Association Sri Prakash Rao and a large number of Executives,
Staffs and well-wishers of the Bank.

More than 200 people came forward to donate blood . General
Managers and top executives were among donors.

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