-21.25 (-4.83%) Coal India (CIL) has decided to procure mining equipments of Rs 12,000-13,000 crore through global tender over the next three years to ramp up coal production to meet the growing demand. This year, contracts worth Rs 4000-5000 crore could be placed with the vendors.
CIL is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.