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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

442.05 3.35 (0.76%)
20-Apr-2026 14:34 View Price Chart
Peers
Company Name CMP
Coal India 442.05
NMDC 89.07
GMDC 696.25
Sandur Manganese 214.50
MOIL 323.95
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