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Coal India finalises Rs 5900 crore heavy machinery contracts to bolster production

24 Sep 2020 Evaluate

Coal India has finalised contracts for heavy earth moving equipment worth over Rs 5,900 crore to ramp up production. The miner is also planning a capex of Rs 10,000 crore during the current fiscal. Heavy earth moving machinery worth over Rs 5900 crore has been finalised for augmentation of coal production and improving age profile of equipment. Eighteen mining project reports have been cleared by Coal India and subsidiary companies last fiscal with a rated capacity of 132.04 million tonne per annum and sanctioned capital of Rs 21,244.55 crore.

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.

Coal India Share Price

434.70 -0.05 (-0.01%)
02-Jul-2026 11:34 View Price Chart
Peers
Company Name CMP
Coal India 434.70
NMDC 85.81
GMDC 609.30
Sandur Manganese 207.05
MOIL 279.70
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