Muted coal demand and eroding profitability have forced Coal India to ‘production closure’ of 37 loss making underground mines in the current fiscal to save between Rs 800 crore to Rs 1000 crore annually.
“An action plan was prepared by the subsidiaries in which 37 underground mines were envisaged to be closed for production in 2017-18. This exercise will save between Rs 800 crore to Rs 1000 crore,” a top CIL official told PTI. Read More…
Credit By: The Economic Times
Latest posts by admin (see all)
- EESL Plans To Float Its Second Tender In A Year For 10,000 Electric Vehicles In April - February 21, 2018
- IndRa Has Stable Outlook On Wind,solar For FY19;-ve On Thermal - February 19, 2018
- Railway Minister Goyal Meets Officials In Delhi - February 18, 2018