Coal India to outsource underground operations
Kolkata: Coal IndiaNSE -0.56 % has decided to outsource underground mine development and operations, company executives said.
A company spokesperson said Coal India subsidiary, Central Mine Planning & Design Institute (CMPDIL), will soon invite tenders for appointing such operators for two new underground mines that aim to produce at least 5 million tonnes a year each.
Coal India’s existing underground mines employ 44% of its workforce but account for only 5% of the output. It has 166 such mines out of a total of 360. Company executives say most of these mines came to the company after nationalisation. They produce better quality coal but costs are higher.
