First action plan to modernise Coal India mines by October
2 Aug 2014 11:52 PM GMT
The state-owned firm has been drawing flak for missing the production targets.
‘The first action plan for technology development and modernisation of mines of CIL will be drawn up,’ said a source, adding that the deadline for the same is October. Consultancy firm KPMG, which was given the task to take up the study for technology development and modernisation of CIL mines, has submitted a draft final report (DFR) on June 30 after studying 35 opencast mines and 36 underground mines, the source said.
The report was discussed in the meeting of Chairman and Managing Directors (CMDs) of CIL and its subsidiaries held last month. It was observed at the meeting that DFR needs to be studied in-depth for detailed comments, and it is being examined, the source said.
‘As soon as the comments are received from subsidiary companies, the same will be conveyed to KPMG for incorporating in the final report,’ he said. The final report will be placed for further deliberation at the next meeting scheduled for next month, and subsequently it will be placed for approval of the CIL board in September.
At the behest of Coal Ministry, CIL had engaged KPMG in association with John T Boyd Company, USA to take up the study for technology development and modernisation of mines in CIL in November last year.
Following this, an expression of interest (EoI) was floated for inviting proposals from firms for technology development and modernisation of mines of CIL. Coal India, which accounts for over
80 per cent of the domestic coal output, produced 462 million tonnes in the last fiscal, missing its
target of 482 MT.
‘The first action plan for technology development and modernisation of mines of CIL will be drawn up,’ said a source, adding that the deadline for the same is October. Consultancy firm KPMG, which was given the task to take up the study for technology development and modernisation of CIL mines, has submitted a draft final report (DFR) on June 30 after studying 35 opencast mines and 36 underground mines, the source said.
The report was discussed in the meeting of Chairman and Managing Directors (CMDs) of CIL and its subsidiaries held last month. It was observed at the meeting that DFR needs to be studied in-depth for detailed comments, and it is being examined, the source said.
‘As soon as the comments are received from subsidiary companies, the same will be conveyed to KPMG for incorporating in the final report,’ he said. The final report will be placed for further deliberation at the next meeting scheduled for next month, and subsequently it will be placed for approval of the CIL board in September.
At the behest of Coal Ministry, CIL had engaged KPMG in association with John T Boyd Company, USA to take up the study for technology development and modernisation of mines in CIL in November last year.
Following this, an expression of interest (EoI) was floated for inviting proposals from firms for technology development and modernisation of mines of CIL. Coal India, which accounts for over
80 per cent of the domestic coal output, produced 462 million tonnes in the last fiscal, missing its
target of 482 MT.
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