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Coal India to spend Rs 200 crore on technical up-gradation

20 Jan 2016 Evaluate

Coal India will be initially spending Rs 200 crore on technical up-gradation in various areas including electronic fencing of mines on the lines of practices in advanced nations like US and Australia. The technical up-gradation includes fitting all trucks meant for carrying coal with GPS tracking devices within a month to check plunder of the dry-fuel.

The move comes against the backdrop of the world’s largest coal miner mandate to double its output to 1 billion tonne by 2020 to meet growing demand.

Coal India, the world’s largest coal miner, accounts for over 81 percent of domestic coal production.



Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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