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Coal India to procure mining equipment worth Rs 7,000 crore to boost production

08 Feb 2019 Evaluate

Coal India is fast tracking the process of procuring 360 high capacity mining equipment valued at over Rs 7000 crore to boost production after reviving the 1 billion tonne production target.

Those Heavy Earth Moving Machineries (HEMM) would be pressed into operation in the company’s opencast mines. The miner will spend the amount from its capex kitty.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Peers
Company Name CMP
Coal India 389.45
NMDC 67.21
Ashapura Minechem 409.00
Sandur Manganese 162.00
GMDC 412.20
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