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.
