Coal India to appoint MDO for 168 mt greenfield projects
KOLKATA: Coal IndiaNSE -0.87 % will engage mine developer and operators (MDO) to increase output from greenfield projects by 30%, the company said in a statement.
It has identified a dozen opencast mines with a target capacity of 162 million tonnes a year and three underground ones of 6 million tonnes.
A company executive said contracts would be for 25 years or the life of the mine, whichever is less. It will save capital expenditure (capex) on equipment and civil construction costs. The company would, however, spend on rehabilitation and resettlement of affected families, he said.
It plans to engage MDOs of international repute through global tenders to bring new technology, efficiency and higher output, the statement said.
