MoneyWorks4Me

Coal India to purchase dumpers from BEML

27 Apr 2020 Evaluate

Coal India has signed two agreements with heavy engineering major BEML for purchasing dumpers at Rs 400 crore. The miner will procure 15 dumpers from the manufacturing PSU. The contract cost for seven 150-tonne dumpers is around Rs 150 crore and that of eight 190-tonne dumpers is Rs 250 crore.

The equipment will be used in opencast coal mines and play a critical role in hauling coal and the top soil. The 150-tonne dumpers will be deployed on trial basis in the Gevra opencast project of South Eastern Coalfields, the Chhattisgarh-based subsidiary of the miner.

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 420.30
NMDC 80.98
Ashapura Minechem 518.00
Sandur Manganese 180.95
GMDC 549.15
View more..