CIL finalises Rs 5,900 cr heavy machinery contracts to bolster production
Coal India Ltd, the world’s largest miner, has finalised contracts for heavy earth moving equipment worth over Rs 5,900 crore to ramp up production, its Chairman Pramod Agrawal said on Wednesday.
The miner is also planning a capex of Rs 10,000 crore during the current fiscal.
Early this year, the company had said it was looking at spending around Rs 7,000 crore on heavy equipment to bolster production.
“Heavy earth moving machinery worth over Rs 5900 crore has been finalised for augmentation of coal production and improving age profile of equipment,” Agrawal told shareholders at the annual general meeting.
