Coal India Limited (CIL) is fast tracking the process of procuring 360 high capacity mining equipment valued at over Rs 7000 crore to bolster production after reviving the one billion tonne production target, officials said Thursday.
Those Heavy Earth Moving Machineries (HEMM) would be pressed into operation in the CIL’s opencast mines, the major source of the maharatna coal miner. The miner will spend the amount from its capex kitty.
“Nine global tenders built on a common NIT at CIL level through a transparent e-procurement process with reverse auction have been issued. All the subsidiaries of the CIL would reap benefit of this purchase process,” said an official. Read More
Latest posts by business-standard(Reuters) (see all)
- State-run oil firms to deliver petrol at doorstep, expand diesel service - August 17, 2019
- India’s Suzlon Energy June-Quarter Consol Net Loss Narrows - August 14, 2019
- Economic Survey outlines blueprint to boost renewal energy in India - July 4, 2019