Page 26 - BANKING FINANCE FEBRUARY 2016 ONLINE

PRESS RELEASE

Achievements of Eastern Coalfields Ltd.

of 9.66 % over last year.

4. The UG production has recorded a phenomenal growth
of 6.13 % over last year after a long gap. With the
introduction of mass production technology by
deploying Continuous Miner and Power Support
Longwall etc in Jhanjra and other mines, the
underground coal production will continue to improve
in the coming years.

5. ECL has despatched 38.469 MT Coal (101% of target)

during 2014-15 with a positive growth of 6.11% over

last year.

1. With an overall outstanding performance, ECL has been 6. Highwall Mining Technology is proposed to be
able to come out of BIFR during the year 2014-15. The
introduced in Sripur and Nimcha Project. Continuous
company reported a positive networth of Rs 916.87
efforts are being made to enhance the coal production
crore as on 31.12.2014 and accordingly BIFR declared
from underground mines. As on 31.03.2015 215 Nos.
ECL as no longer sick company within the meaning of
of SDLs, 27Nos. of LHDs and 70 Nos. of UDMs are in
Section 3(1) of SICA.
operation in different underground mines of ECL.

2. ECL has surpassed all physical parameters in the year 7. The impact on the environment due to extraction
2014-15. ECL has produced 40.006 Mt Coal. ECL has
of coal is being monitored constantly by the Company
surpassed the target of 38.00 Mt with a growth rate
and adequate measures are undertaken for control
of 10.99 % over last year.
of Air, Water & Noise Pollution, Land degradation,

3. The Company has achieved ever highest OB removal Deforestation etc. These measures are being

to the tune of 94.047 Million Cum which is 106.89 % of undertaken in accordance with the provisions of all

the Annual Target with a substantial positive growth statutory norms, Acts and Rules on a regular basis.

NALCO to set up modern eye hospital in Angul etc.

National Aluminium Company Limited (NALCO), the mandatory 2% of its net profit, NALCO is spending an
Navratna CPSE, is setting up a modern eye hospital at Angul, additional Rs.300 crore under its CSR programme.
in association with reputed LV Prasad Eye Institute (LVPEI)
entailing an initial investment of Rs.15 crore. LVPEI is a Since NALCO's Smelter and Captive Power Plant are located
World Health Organization (WHO) Collaborating Centre for in Angul, the aluminium major has lined up a series of
prevention of Blindness and a Global Resource Centre for initiatives in the contiguous areas. NALCO shall be
VISION 2020. The new hospital shall primarily cater to the renovating the existing water supply system in 13 villages,
economically disadvantaged groups of nearby villages. Land through Rural Water Supply & Sanitation (RWS & S)
for the hospital has already been identified by the company. department of the Govt, spending more than Rs.10 crore.

As such, NALCO is running three mobile healthcare units Under Swachh Bharat Abhiyan, NALCO constructed 144
every day and one OPD at Angul, which offer free medicines toilets in 72 schools of the district. Besides, the company
to the rural people. It may be noted that besides the has established vital road links from IAPL square to
Bentapur and Kaniabeda to Kurdol recently.

MF sale to hit e-commerce sites

SEBI chairman U K Sinha said that sale of mutual funds on e-commerce platforms could become effective in a month
or two, a move which will help deepen the respective market. The markets regulator has set up a committee under
Infosys co-founder Nandan Nilekani to deliberate ways in which electronic means can be used better for sale of mu-
tual funds (MF).

26 | 2016 | FEBRUARY | BANKING FINANCE

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