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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.

Peers
Company Name CMP
Coal India 419.50
NMDC 80.83
Ashapura Minechem 519.85
Sandur Manganese 182.80
GMDC 555.05
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