(ET)
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. 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.
