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Coal India to spend Rs 700 crore to procure 40 rakes

01 Aug 2019 Evaluate

Coal India (CIL) has decided to procure 40 rakes at an estimated cost of Rs 700 crore. One rake comprises 59 wagons. These CIL owned rakes dedicated only for transport of CIL's coal will help in pushing higher volumes of coal to the power sector. 

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 422.40
NMDC 80.70
Ashapura Minechem 515.60
Sandur Manganese 181.30
GMDC 543.85
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