State-owned mining firm set to make profit after 35 years

The West Bengal Mineral Development and Trading Corporation Ltd (WBMDTC),a state-owned mining c

Written by Press Trust Of India | Kolkata | Published: June 17, 2013 2:28 am

The West Bengal Mineral Development and Trading Corporation Ltd (WBMDTC),a state-owned mining company,is all set to register profit after 35 long years. The company has also successfully acquired 412 acres of land for mining coal directly from the farmers.

“WBMDTC is set to declare turnaround for 2012-13 with a profit after 35 years. This became possible through the vision of Chief Minister Mamata Banerjee and industry minister Partha Chatterjee who offered turnaround roadmap,” WBMDTC deputy chairman Amlan Basu told PTI.

Sources said WBMDTC has posted a net profit of Rs 6.5 crore for 2012-13.

The profit was expected to jump 200-300 per cent in fiscal 2012-13 as the state PSU had aimed to increase coal mining from 3.47 lakh tonnes to one million tonnes.

With the acquisition of 412 acres of land,intended to increase coal production,at Trams Damodar block in Bankura,the company is bound to clock profit,sources said.

“Farmers willingly offered the land to us as they were convinced with our transparency and our corporate social responsibility work we have done in Bankura’s Barjora area,” Basu said.

For all the latest Kolkata News, download Indian Express App

    Live Cricket Scores & Results