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CIL has bought mining equipment from foreign companies, including Caterpillar and Atlas Copco, to boost productivity of its Chhattisgarh mines
State-owned Coal India Ltd (CIL) has bought mining equipment worth Rs2,000 crore from foreign companies, including Caterpillar and Atlas Copco, to boost productivity of its Chhattisgarh mines.
"We bought this equipment at an investment of Rs2,000 crore from companies like Caterpillar, Bucyrus and Atlas Copco. We have commissioned this sophisticated equipment at our leading mines in Chhattisgarh for improved mining," Coal India chairman Partha S Bhattacharyya told PTI.
The mining equipment was commissioned at Dipka and Gevra coal mines earlier this week, which together produce about 60 million tonnes (MT) of coal.
"These mines will comprise 15% of the production target of our current financial year," he added. CIL has planned to produce 435MT of coal in 2009-10.
The demand-supply gap for coal in the country is estimated at around 70MT for the current fiscal and is forecast to double in the next two years.
The coal major has also lowered its annual production target for 2011-12 to 486MT from the earlier 520MT on account of delays in securing clearances for its expansion projects. "This equipment will help us remove the overburden on the mines, (help us to) penetrate deep and produce more," he added.