Coal India Ltd.

Coal India (CIL), world’s largest coal miner is planning to dilute a fraction of its $11-billion cash reserve to increase production by 180 million tonne in five years. The company is also considering acquisition of 77 dumpers of 190 tonnes each, as entity has decided to invest widely on mining equipment.

The company will also purchase 70 dumpers of 190 tonnes, primarily for Northern Coalfields; 20 high-capacity 320-360 tonne dumpers for South Eastern Coalfields and Mahanadi Coalfields and 150-tonne dumpers for Eastern Coalfields. All purchases will be backed by a 11-year maintenance and repair contract (MARC).