MCL is India’s best ‘Mini-ratna PSU’, says Dalal Street

Sambalpur: Investment magazine Dalal Street journal has awarded Mahanadi Coalfields Limited (MCL), an Odisha-based subsidiary of Coal India Limited, as India’s Best Public Sector Undertaking 2018.

In a letter addressed to MCL’s Chairman-cum-Managing Director, the Dalal Street has ranked Odisha-based Coal India arm as Number one “Mini-ratna of the Year 2018 (non-manufacturing)”. MCL is second largest coal producing company of the country, producing more than 93 % of dry fuel through “Surface Miners”, an environment-friendly technology.

The company had produced 144.2 million tonnes during the fiscal ended March 31, 2019.