Performance Highlights of the Year 2007-08

The company has concluded year 2007-08 with excellent performance, highlights thereof are mentioned hereunder:-

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NCL has achieved all time high coal production of 59.623 MT during the year 2007-08 with a growth of 14.31% over actual production of 52.158 MT during the year 2006-07. The over burden removal of 186.25 M. Cu. M. recorded a growth of 33.41% over OBR of 139.598 M. Cu. M. during the year 2006-07.

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Despatches at 59.016 MT during the year 2007-08 too being highest ever, have registered a growth of 12.16% over the despatches of 52.620 MT during the year 2006-07.

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Record turnover of Rs. 5455.21 Crores during the year 2007-08 is 17.80% higher than last year's turnover of Rs. 4630.84 Crores.

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NCL maintained its position as top profit earning subsidiary of Coal India Limited (CIL) with record Profit before Tax (PBT) of Rs. 2763.75 Crores during the year 2007-08 which has recorded an increase of 26.92% over previous year's PBT of 2177.61 Crores. Profit after tax (PAT) too reached a level of Rs. 1771.66 Crores i.e. up by 29.65% over previous year's PAT of Rs. 1366.48 Crores.

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Total Dividend for the year 2007-08 being 598.29% of paid up equity share capital amounting to Rs. 1063.00 Crores against 307.64% i.e. Rs. 546.59 Crores for the year 2006-07.

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Earning Per Share (EPS) during the year 2007-08 has gone up to Rs. 9971.49 from Rs. 7691.02 of previous year.

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Efforts for greening the environment and pollution control continued during the year. During 2007-08, 3.78 lakhs saplings have been planted. The total saplings planted up to 31st March 2008 reached 1.95 Crores.

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NCL continued to practice workers participation in management, as a result industrial relations remained healthy and harmonious.

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Employees' welfare, community development and human resource development continued to be as focus areas.