FCC

CIL to buy equipment worth Rs 120 bn in 2-3 years

2018-08-13

Coal India Ltd (CIL) is planning to procure mining equipment worth Rs 120-130 billion in the next 2-3 years to ramp up its coal production. Orders worth Rs 30-40 billion are likely to be placed this fiscal for procurement of mining equipment. CIL has earmarked a capex of Rs 95 billion for this fiscal, out of which, nearly 60 per cent will be spent on equipment. Meanwhile, BEML and Heavy Engineering Corporation (HEC) have signed an agreement to jointly manufacture and supply equipment such as rope shovels and walking draglines to cater to the needs of the mining industry. The companies will also look after commissioning and providing after-sales service support for the identified products.