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CIL signs agreement to purchase Russian shovels at Rs 1,462 cr

Coal India Ltd (CIL) told the media that it had inked a pact for purchasing 11 Russian electric rope shovels of about Rs 1,462 crore.

CIL signs agreement to purchase Russian shovels at Rs 1,462 cr

Coal India Ltd (CIL) told the media that it had inked a pact for purchasing 11 Russian electric rope shovels of about Rs 1,462 crore.

BEML flags off nation's first 150T electric dump truck

BEML has launched an indigenously developed nation's first 150T electric drive rear dump truck, with an objective of strengthening the Make in India initiative, that will address the growing demand for higher capacity equipment in the mining industry.

BEML flags off nation?s first 150T electric dump truck

BEML Ltd, a public sector company under the Ministry of Defence and a premier manufacturer of mining and construction equipment, has launched an indigenously developed nation?s first 150T electric drive rear dump truck, with an objective of strengthening the Make in India initiative, that will address the growing demand for higher capacity equipment in the mining industry.

CIL to buy equipment worth Rs 120 bn in 2-3 years

Coal India Ltd (CIL) is planning to procure mining equipment worth Rs 120-130 billion in the next 2-3 years to ramp up its coal production.

Commercial coal mining to improve efficiency

The Union Government?s recent move to allow the private sector to commercially mine coal will boost both production and mining efficiency, according to CRISIL. Substitution of imported non-coking coal with domestic production could save roughly Rs 30,000 crore of coal imports, CRISIL estimates.

Mining Equipment Trends

The mining equipment industry (MEI) is heavily dependent on equipment demand from coal and iron ore mining, both being highly equipment intensive, with over 30 per cent.

Revival on Cards?

India is witnessing an improved growth trend in coal mining, as Coal India Ltd (CIL) is aiming an output of one billion tonne by 2020. CIL has earmarked a capital investment of Rs 57,000 crore, as part of the road map for one billion tonne target, with a planned capex of Rs 8,500 crore in 2017-18.

CIL asked to ramp up output

The Central Government has asked Coal India Ltd (CIL) to ramp up production and dispatch 2 million tonne per day to power sector against around 1.6 million tonne at present

Coal India plans Rs 8,500-crore capex investment in 2017-18

Coal India Ltd (CIL) has planned to invest Rs 8,500 crore as capital expenditure in 2017-18 and has further planned to invest Rs 6,500 crore in various projects.

On a Positive Note

The 13th International Mining and Machinery Exhibition 2016 (IMME 2016) held during November 16-19 concluded with a positive note on a possible turnaround of Indian mining industry in the coming years. The 13th Global Mining Summit (GMS) 2016 also held concurrently with the IMME 2016.

IMME 2016 all set to kickstart

The 13th edition of International Mining and Machinery Exhibition (IMME 2016) is all set to kickstart on November 16. IMME is India?s largest and focussed trade fair for the mining sector and is scheduled to be held from 16 to 19 November 2016 at Eco Park, Rajarhat, Kolkata.

Coal India to Rs 7,765 cr capex investment

Coal India Ltd will invest Rs 7,765 crore towards capital expenditure in the current fiscal to expand mining capacity to achieve the production growth target of 13 per cent year-on-year.

Coal India for Rs 7,765 cr capex investment

Coal India Ltd will invest Rs 7,765 crore towards capital expenditure in the current fiscal to expand mining capacity to achieve the production growth target of 13 per cent year-on-year.

IME 2016: Explore the Latest in Mining

The event will provide excellent business opportunities to the stakeholders of mining and allied industry. The 6th IME 2016 - international mining, exploration, mineral processing technology

Coal India eyes foreign coal assets

India's coal giant Coal India Ltd (CIL) is eyeing global coal assets to tide over the growing domestic demand. The company plans to form a consultants panel which would help in acquiring, developing and operating coal blocks abroad.

Coal Ministry to take up restructuring of Coal India Ltd

The coal ministry has prepared action plan for restructuring of state-owned Coal India Ltd (CIL). This is to improve overall operational efficiency of the company. CIL has seven subsidiaries. The company has missed the coal production targets in 2013-14. While considering the restructuring issue, the government is likely to increase the delegation of powers to all the CIL subsidiaries.

MMTC is the sole bidder for CIL coal import contract

Coal India Ltd intends to import coal for meeting its supply obligation to the power sector. The coal giant has invited expression of interest in this regard. So far, only MMTC has shown interest in the coal import contract.

CIL fails to meet production target by 17 million tonne in FY2013-14

Coal India Ltd chairman and managing director S Narsing Rao has said that the company could end the financial year with a production shortfall of around 17 million tonne (MT). The fall in coal offtake for power production and the unwillingness of state electricity boards to buy enough power has led to lower demand for coal thereby affecting the production targets.

NTPC non-payment to Coal India over low quality coal awaits solution

The Comptroller and Auditor General of India (CAG) has asked state-owned power producer NTPC Ltd and Coal India Ltd (CIL) to resolve the Rs. 2,500 crore payment dispute over fuel supply and avoid an accounting nightmare. India?s largest power generation utility has argued over the poor calorific value of coal being supplied by Coal India.

CIL stops mining at six big coal blocks

The lack of environment clearances for expansion projects of Coal India Ltd (CIL) has broaden the gap between the coal production target and actual output in the current fiscal. CIL has been forced to stop mining at several coal blocks

Augmentation of coal production through PPP route

Year end review report of the Ministry of coal indicates the use of PPP route for increasing coal production in the country. The Government of India has decided to initiate Public Private Participation (PPP) to augment coal production in the country. To achieve this objective, a committee has been set up under the chairmanship of Secretary (Coal) with representatives from Planning Commission, Ministry of Finance (DEA), Ministry of Labour, Ministry of Law & Justice (DLA) among others to recommend

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