State-owned CIL on Wednesday said it has entered into a pact worth Rs 2,900 crore with a Belarus-based mining equipment manufacturer for purchase of dumpers.
The pact is for purchase of 96 dumpers of 240 tonne capacity each, Coal India Ltd (CIL) said in a statement.
'CIL on Saturday last formally signed a major procurement pact worth Rs 2,900 crore, for purchase of 96 dumpers of 240 tonne capacity each with Belaz, the Belarus-based mining equipment manufacturer," the PSU said.
In August last year, the CIL board had given its nod for the procurement of these dumpers.
The entire Rs 2,900 crore investment would be funded through CIL's own finances and includes the cost of equipment along with the spares and consumables for eight years.
For CIL, whose 95 per cent of the entire coal output is through opencast mines, dumpers of such high capacity are pivotal in ferrying Over Burden (OB) from mine working face to dump yard.
OB is the extraneous material that overlays the coal seam, removal of which makes the dry fuel's production easier.