Coal India Subsidiary SECL’s OBR Crosses 281 MCuM, Achieving 105% of Pro-rata Target

South Eastern Coalfields Limited (SECL), a Coal India subsidiary, has achieved a significant milestone in overburden removal (OBR), surpassing 281 million cubic meters (MCuM) from April 2024 to date.

This marks 105% of its pro-rata target and a 7.58% increase (19.82 MCuM) compared to the same period last year. OBR, a critical pre-coal extraction process involving the removal of soil and rock layers to access coal reserves, is essential for boosting coal production.

Record-Setting Pace and Future Goals

SECL, based in Chhattisgarh, is removing over 1.3 MCuM of overburden daily, setting a remarkable pace. The company is confident of surpassing its annual target, aiming for an additional 40-45 MCuM of OBR—its highest-ever achievement.

Chairman-cum-Managing Director, Dr. Prem Sagar Mishra, expressed optimism, stating, “Despite various challenges, we are confident that our dedicated efforts will not only help us meet the OBR target but also surpass it, setting new benchmarks in SECL’s journey.”

Adopting Eco-Friendly and Efficient Techniques

To enhance its operations, SECL has implemented the vertical ripper technique, an environmentally friendly, blast-free method for OBR. This innovative approach minimises environmental impact while maintaining operational efficiency, demonstrating the company’s commitment to sustainability.

Focus on Community Development

SECL has also accelerated its land acquisition processes to support its expanding operations. In 2024, the company provided over 880 employment opportunities to landowners whose lands were acquired, emphasising its dedication to community welfare and development.

Stock Performance 

On January 01, 2025, Coal India share price traded 1% lower at ₹371.65 at 11:34 AM (IST). Coal India’s share price reached a 52-week high of ₹544.70 on August 26, 2024, and a 52-week low of ₹361.30 on January 13, 2025. As per BSE, the total traded volume for the stock stood at 2.12 lakh shares with a turnover of ₹7.85 crore.

At the current price, SBI shares are trading at a price-to-earnings (P/E) ratio of 13.45x, based on its trailing 12-month earnings per share (EPS) of ₹27.92, and a price-to-book (P/B) ratio of 12.54, according to exchange data.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.