06 Jan 2020

Coal India Invites Bids for Rs 1,176 Crore Heavy Mining Equipment

06 Jan 2020  by  ET Bureau   

Coal India has invited bids for supply, installation and commissioning of six electrical walking dragline along with spares and consumables with one-year warranty and additional spares & consumables for 10 years valued at Rs 1,176 crore.

Coal India invites bids for Rs 1,176 crore heavy earth moving equipment

Draglines are large excavators with a bucket pulled in by a wire cable and this procurement is part of the company’s plan to spend close to Rs 6,900 crore in acquiring heavy mining machinery, land, wagons and on mine development activities during the current quarter.

“Coal India will be spending more than Rs 4000 crore in acquiring heavy earth moving machinery and procure its own wagons for coal transportation to consumers. Investment in heavy mining equipment will help the company improve production scale at large mines and boost per day production from the current level.

Investment for wagons is expected to be around Rs 700 crore, while the rest is likely to go into procuring heavy machineries,” a senior Coal India official said. Another Rs 2,000 crore will go into land acquisition for expanding existing mines or opening new projects.

This year, the company has budgeted a total investment of Rs 10,000 crore and around Rs 3,100 crore has been spent during the first nine month of the current fiscal. Till November, the company’s investment spend was approximately Rs 2,400 crore while in December it spent another Rs 700 crore totalling Rs 3,100 crore.

Coal India will spend the rest, around Rs 800 crore, in mine development activities including logistics arrangement for coal evacuation like roads, bridges etc.

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