CIL inks Rs 1,462 crore pact with Russian shovel manufacturer
PSU miner Coal India (CIL) has entered into a contract with Iz-Kartex, named after P G Korbokov, a Russian shovel manufacturing company, for installation and commissioning of 11 electric rope shovels valued at Rs 1,462 crore. The Russian shovel manufacturer bagged the bid through participation in global tender involving reverse auction. Each rope shovels are 20 cubic metres in size.
The contract has been made for 8 years considering the life cycle cost of equipment with likely consumables and spares, a CIL executive said adding, the company was fast tracking its procurement process to strengthen its mining equipment base and replace the aging machines.
