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Coal India mulls broad-spectrum changes in procurement policy: Report

21 Dec 2012 Evaluate

Coal India, the world’s largest coal miner, is reportedly mulling upon broad-spectrum changes in its procurement policy to save on contract value. With multi-billion dollar opencast equipment purchase being planned, the initiative may result in big time savings for the company.

CIL is scheduled to invite tenders for large numbers of high-tonnage dumpers, shovels, dozers and other equipment, beginning as early as the start of the New Year, i.e., 2013.

Recently, the company Submitted a preliminary perspective plan for development of the three coal blocks - Brahmini, Chichro Pastimal and East of Damogoria from the de-allocated coal blocks which have now been assigned to the company for undertaking mining work.

Coal India Share Price

456.35 -10.05 (-2.15%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 456.35
NMDC 88.80
GMDC 684.70
Sandur Manganese 241.35
MOIL 315.65
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