Coal India to procure mining equipment worth Rs 13,000 crore

Coal India Ltd (CIL) will procure mining equipments worth USD two billion through global tender over the next three years to up coal production to meet the increasing demand.

According to Coal India Chairman Anil Kr Jha, “We will procure mining equipments of Rs 12,000-13,000 crore in the next three years.”

Stating that this year contracts worth Rs 4000-5000 crore could be placed with the vendors, Jha added that he desired that PSUs to bid for contracts and expected that they would match international parameters.

It is to be noted that Coal India has set a target of producing 630 million tonnes in 2018-19 and one billion tonne in the next three to four years.

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