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Coal India Ltd will be spending around Rs 5,500 crore by 2014-15 for procuring explosives, according to A.K. Debnath, Chairman and Managing Director of Central Mine Planning and Design Institute Ltd (CMPDIL), a subsidiary of Coal India Ltd.
Inaugurating a two-day seminar on ‘Explosives and blasting techniques for mining, quarrying and infrastructure industry’, organised by the National Institute of Technology Karnataka (NITK) at Surathkal near Mangalore on Friday, Debnath said that the consumption of industrial explosives in Coal India has reached around Rs 1,700 crore per annum.
Considering the demand for coal in the coming years, Coal India will be spending approximately Rs 5,500 crore from 2012-13 to 2014-15 for procuring explosives.
Stressing the need for improvement in blast performance, Debnath said an improvement of one per cent would help save around Rs 17 crore per annum to Coal India.
Gopal Mogeraya, Director in-charge, NITK, presided over the inaugural event.
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