Raipur: RITES Ltd — Mini Ratna Enterprise under the Ministry of Railways has recently secured a major turnkey project from the Ministry of Railways for laying the third line in Pendra Road-Anuppur section of Bilaspur division of South East Central Railway (SECR), official informed.
The company is also involved in mega transportation projects like dedicated freight corridors, metros, high speed rail studies, logistics parks, rail infrastructure and green energy etc.
It has achieved highest ever total income of Rs.1294 crore,in financial year 2015-16 higher by 11 percent over the previous financial year. It also recorded the highest ever profit after tax of Rs.339 crore against Rs.306 crore in the previous year.
This information was given at the 42nd Annual General Meeting of the Company, by Rajeev Mehrotra, Chairman and Managing Director (RITES) recently. Member Rolling Stock, Railway Board Hemant Kumar was also specially present on the occasion.
Notably, Coal India Ltd (CIL) is putting all its resources together to ensure its flagship subsidiary South Eastern Coalfields Ltd (SECL) is able to transport more coal easily to its customers within and outside Chhattisgarh, officials informed.
The East West Corridor project from Gevra to Pendra in Chhattisgarh with a length of about 122 kms is being executed by Chhattisgarh East West Rail Ltd (CEWRL) .
CEWRL is a joint venture company formed by South Eastern Coalfields Ltd (SECL), IRCON and Chhattisgarh government.
The project had been undertaken for evacuation of coal from SECL’s Gevra-Korba coalfields.
The Union Ministry of Coal has assured CIL for getting Mand-Raigarh railway line project expedited to facilitate growth in offtake of coal from mines under SECL in Chhattisgarh.
Notably, the coal requirement for the proposed Super Thermal Plant of NTPC Ltd at Lara would be met from Talaipalli Coal Block of Mand in Raigarh Coalfields, officials stated.
The Lara plant of NTPC would be utilising super critical technology for power generation.
The power to be generated by upcoming project will be supplied to Chhattisgarh, Goa and Maharashtra states, officials stated.
The project is most likely to go on stream by March 2017 .
Notably, CIL has recorded offtake of coal from its largest subsidiary South Eastern Coalfields Ltd (SECL) at 124.34 million tonnes between April 2015 to February 2016.
The Central Government has also decided to transport coal above G10 level only after being washed from October 1, 2017. The decision is taken to tackle the quality issue of the coal produced.
In order to meet the rising demand, CIL has been setting up 15 new washeries with a total capacity of 112.6 million tonnes per annum. Out of these washeries, six are Coking Coal washeries with total capacity of 18.6 million tonnes per annum and nine Non-Coking washeries of 94.0 million tonnes per annum. Apart from these, 3 washeries of 11.6 million tonnes per annum are under construction, officials stated.