CIL inks pact for purchase of 11 Russian rope shovels for nearly Rs 1,462 cr
State-owned CIL NSE 0.63 % on Thursday said it has inked a pact for purchase of 11 Russian rope shovels for nearly Rs 1,462 crore.
Electric rope shovels play a vital role in opencast mines for loading of material.
“In an ongoing process of modernising its ageing heavy earth moving machinery fleet, Coal India NSE -0.03 % Ltd (CIL) on Wednesday closed a deal valued at nearly Rs 1,462 crore for purchase of 11 20-cubic metre electric rope shovels,” the PSU said in a statement.
