Coal Sales … Page Under Development

PRODUCTION / COAL SALES (TONNES)

Lakhra Thermal Power Plant remained under trial during 1992-93 to 1994-95 and regular coal supplies could be started from the year 1995-96. Initially, coal supplies were made by LCDC partially from its own mines and partially from PMDC. After developing of Company’s own mines, the Company is capable of meeting total coal requirement of Lakhra Thermal Power Plant. However, approximately 60% of coal supplies are made by LCDC and balance 40% supply from coal mines of PMDC through an internal arrangement between LCDC and PMDC. Due to under capacity operation and frequent shutdowns of WAPDA Thermal Plant, coal supplies to plant are much below the planned quantity of 7,50,000 tonnes. The plant is hardly using 200,000 to 250,000 tonnes coal, which is also jointly supplied by LCDC and PMDC. Therefore, LCDC has started selling surplus coal in open market so that the company does not run in losses. The Company has sold total quantity of 378,164 M Tonnes of coal up to 30.06.2013.

The yearly break-up since financial year 1993 – 1994 to 30th June 2013 is given below:

Year

SALES TO WAPDA

OPEN SALE

TOTAL

1993-1994

12,429

0

12,429

1994-1995

63,176

0

63,176

1995-1996

173,416

0

1,73,416

1996-1997

181,214

0

1,81,214

1997-1998

186,854

0

1,86,854

1998-1999

262,219

8,873

2,71,092

1999-2000

229,204

6,914

2,36,118

2000-2001

122,446

67,472

1,89,918

2001-2002

163,297

110,006

2,73,303

2002-2003

136,200

126,122

2,62,322

2003-2004

136,995

92,286

2,29,281

2004-2005

139,375

58,383

1,97,758

2005-2006

101,973

51407

1,53,380

2006 -2007

108,142

58,188

1,66,330

2007 -2008

124,126

61,605

1,85,731

2008- 2009

99,601

62,242

1,61,843

2009- 2010

99,644

183,080

2,82,724

2010- 2011

81,517

1,17,082

1,98,599

2011-2012

101700

146100

247800

2012- 2013

51916

78448

130364

PROFIT/ LOSS & DIVIDEND
The profit and loss position of the Company since year 1992 – 93 is given below. No profit/ (loss) statement was prepared to this period.

                                                                                                          (Rs. In Millions)

Year

Profit after taxation

Rs. In Million

Dividend

%

1992-93

0

0

1993-94

0

0

1994-95

0

0

1995-96

0

0

1996–97

5.805

0

1997-98

(14.780)

0

1998-99

16.120

0

1999-00

10.968

0

2000-01

6.125

0

2001-02

13.410

0

2002-03

11.374

16%

2003-04

14.063

16%

2004-05

16.129

50%

2005-06

27.346

16%

2006-07

13.134

80%

2007-08

18.861

20%

2008-09

10.913

20%

2009-10

43.505

40%

2010 – 11

64.282

0

2011-2012

98.00

0

2012-2013

54.686 provisional

awaited

The Company started commercial production in the year 1993 – 94. The above table reveals Company started earning profit from the year of its inception of being commercially viable and suffered loss only in the year 1997 – 98 due to excessive tax receivable provisions on account of earlier years. In the year 1998-99 LCDC earned net after tax profit of Rs. 16.120 million which absorbed the accumulated loss leaving accumulative net after tax profit of Rs.7.145 million and continued earning profit for the year 1999- 2000 & 2000-2001  for Rs. 10.968 million and Rs.6.125 million respectively.

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