Coal India Ltd.

In a bid to procure wagons that carry coal, Coal India is reportedly in talks with the Indian Railways for an investment of Rs 5,000 crore. This could be the single largest investment by a railway customer for procuring wagons.

This is the first time that Coal India, which has cash reserves of Rs 59,000 crore as on September 2014, is investing in railway wagons, though earlier it had invested in rail link infrastructure. For fiscal 2015-16, Coal India has a target of investing Rs 6,000 crore to ramp up mine infrastructure and railway connectivity.

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.