CIL unveils plans for ₹6,900-cr heavy equipment purchase

Coal India has invited bids for supply, installation and commissioning of six electrical walking draglines along with spares and consumables and additional spares and consumables for 10 years valued at ₹1,176 crore. Draglines are large excavators with a bucket pulled in by a wire cable and this procurement is a part of the company's plan to spend close to ₹6,900 crore in acquiring heavy mining machinery, land, wagons and mine development activities during the current quarter. The company will be spending more than ₹4,000 crore in acquiring heavy earth moving machinery and procuring its own wagons for coal transportation to consumers. This will help it improve production scale at large mines and boost per day production. Investment in wagons is expected to be around ₹700 crore, and ₹2,000 crore will go into land acquisition for expanding the existing mines or opening new ones. This year, the company has an investment budget of ₹10,000 crore.