Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
429.80
-1.20 (-0.28%)
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Coal India mulls broad-spectrum changes in procurement policy: Report

Date: 21-12-2012

Coal India, the world’s largest coal miner, is reportedly mulling upon broad-spectrum changes in its procurement policy to save on contract value. With multi-billion dollar opencast equipment purchase being planned, the initiative may result in big time savings for the company.

CIL is scheduled to invite tenders for large numbers of high-tonnage dumpers, shovels, dozers and other equipment, beginning as early as the start of the New Year, i.e., 2013.

Recently, the company Submitted a preliminary perspective plan for development of the three coal blocks - Brahmini, Chichro Pastimal and East of Damogoria from the de-allocated coal blocks which have now been assigned to the company for undertaking mining work.