CORPORATE
Coal India gives major boost to capex Coal Insights Bureau
C
oal India (CIL) is undertaking major investment projects to lower emissions, mechanise evacuation and raise mining productivity. As part of its First Mile Connectivity initiative that improves mechanisation at mine sites and also as part of its initiatives to achieve Net Zero emission, country’s largest coal miner has undertaken some major infrastructure projects and also spending heavily on mining equipment. To invest `240 crore in Jhanjra rail corridor
Coal India is setting up a 8-kilometer rail line at Jhanjra, one of the largest Underground mines in the country at a cost of `240 crore expected to be completed in the next 2.5 year’s time. Jhanjra underground mine of Eastern
Coalfields is producing 3.5 million tons (mt) with a target to produce 5 mt. “To meet target production at Jhanjra, there is a need to go for increasing mechanisation of coal evacuation with the help of Coal Handling Plant and rail infrastructure,” Coal India Chairman cum Managing Director Pramod Agrawal said recently while laying the foundation stone for the railway corridor. “The railway corridor needs to come up along with the CHP so that the investment that we are putting in is fully utilised,” he added. To spend `268 crore in Kaniha FMC project
Coal India is spending `268.05 crore in a 10 million tons a year First Mile Connectivity Project at Kaniha Area of Talcher coalfields with a target to complete it by May, 2023. The project involves setting up a Coal
Coal India CMD Pramod Agrawal inspecting the layout of the Jhanjra Rail Corridor project
Handling Plant and Rapid Loading System at Kaniha Open Cast Project, the foundation for which was laid on July 18 by Mahanadi Coalfields CMD P K Sinha. Achieves 94% of capex target in Q1
CIL during April-June quarter of FY22 has achieved 93.9 percent of its capital expenditure target set for the period, according to official data. CIL’s capex during Q1 of FY22 stood at `1,841.1 crore against the target of `1,960.08 crore set for the period. In June 2021, CIL’s capex target was set at `998.33 crore, of which it achieved 90.8 percent at Rs 906.49 crore. For FY22, CIL’s capex target is set at `17,000 crore. Inks pact to buy 11 Russian rope shovels
CIL has entered into a tie up with a Russian company for purchasing 11 20-cubic metre electric rope shovels at an estimated investment of `1,462 crore. CIL signed up a contract with Iz-Kartex, a Russian shovel manufacturing company, for installation and commissioning of the shovels after it bagged the bid through participation in global competitive tender involving reverse auction. The move is part of an ongoing process of modernising its aging heavy earth moving machinery fleet. Contract has been concluded considering life cycle cost of equipment with likely consumables and spares for a period of eight years. “This is the first major equipment procurement finalised in the ongoing fiscal so far. We are fast tracking our procurement process in a bid to strengthen our mining equipment and replace the aging machines,” a senior company official said in a statement. The delivery of all the electric rope shovels would be concluded by September 2023. Electric rope shovels play a vital role in opencast mines for loading the over burden removed into 190-tonne dumpers. All the newly contracted 11 rope shovels would be pressed into use in the OC projects of Northern Coalfields Ltd (NCL).
Coal Insights, July 2021
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