-21.25 (-4.83%) Coal India is fast tracking the process of procuring 360 high capacity mining equipment valued at over Rs 7000 crore to boost production after reviving the 1 billion tonne production target.
Those Heavy Earth Moving Machineries (HEMM) would be pressed into operation in the company’s opencast mines. The miner will spend the amount from its capex kitty.
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.