11.65 (2.62%) 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.