MoneyWorks4Me

Coal India to place orders for 7 coal washeries worth Rs 2,000 crore by FY’14

26 Jun 2013 Evaluate

Coal India (CIL) would be placing orders worth Rs 2,000 crore for at least seven coal washeries with washing capacity of around 15-16 million tonnes (MT) of coal by the current fiscal. This investment is over and above Rs 5,000 crore capex that CIL proposes to infuse during the current fiscal for purchasing equipment, land, railway siding, etc, excluding acquisition.

The state run miner had already inked agreement for two washeries and two more would be signed shortly. The rest would be done during the year. The company presently has 17 washeries with an installed capacity of 34 million tonnes.

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.

Peers
Company Name CMP
Coal India 411.85
NMDC 74.30
Ashapura Minechem 503.65
Sandur Manganese 183.15
GMDC 491.85
View more..