Business Daily from THE HINDU group of publications
Saturday, Jan 19, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Jan 19, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Outlook Industry & Economy - Coal Coal India sets Rs 5,000 cr capex in 11th Plan Our Bureau Kolkata, Jan. 18 Coal India has lined up Rs 5,000 crore capital expenditure in the Eleventh Plan to acquire continuous miners, longwall faces, and other machineries to enhance the production from underground mines from the existing 43 million tonnes to 67 million tonnes. The major chunk of the investment will go to South Eastern Coalfields and Western coalfieldsThe plan included acquisition of 40 continuous miners, opening new longwall faces, and acquisition of other modern machineries to reduce the cost of underground production from Rs 1,800 a tonne to approximately Rs 1,000 a tonne. Tender plansAccording to Mr N.C. Jha, Director-Technical, the company is also planning to float a global tender inviting expression of interests to develop, operate and maintain eight coal blocks on a long-term basis. The EoI will be followed by technology and financial bids. Meanwhile, a joint venture with Bharat Earth Movers Ltd (BEML) has already initiated the process to set up a modern mining machinery production facility at the recently acquired MAMC facility in Durgapur. More Stories on : Outlook | Coal
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