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Coal India plans to invest on mining equipments

07 Dec 2012 Evaluate

Coal India (CIL), world’s largest coal miner is planning to dilute a fraction of its $11-billion cash reserve to increase production by 180 million tonne in five years. The company is also considering acquisition of 77 dumpers of 190 tonnes each, as entity has decided to invest widely on mining equipment.

The company will also purchase 70 dumpers of 190 tonnes, primarily for Northern Coalfields; 20 high-capacity 320-360 tonne dumpers for South Eastern Coalfields and Mahanadi Coalfields and 150-tonne dumpers for Eastern Coalfields. All purchases will be backed by a 11-year maintenance and repair contract (MARC).

Coal India Share Price

438.70 5.80 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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