Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
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Coal India to spend Rs 200 crore on technical up-gradation

Date: 20-01-2016

Coal India will be initially spending Rs 200 crore on technical up-gradation in various areas including electronic fencing of mines on the lines of practices in advanced nations like US and Australia. The technical up-gradation includes fitting all trucks meant for carrying coal with GPS tracking devices within a month to check plunder of the dry-fuel.

The move comes against the backdrop of the world’s largest coal miner mandate to double its output to 1 billion tonne by 2020 to meet growing demand.

Coal India, the world’s largest coal miner, accounts for over 81 percent of domestic coal production.