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

12 Jul 2021 CW Team

On Thursday, 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.

The electric rope shovels play an important role in opencast mines in material loading.

CIL inked a pact with Iz-Kartex, named after P G Korbokov Ltd, a Russian shovel manufacturing firm for installing and commissioning shovels after successfully getting the tender through participating in the global competitive tender involving reverse auction.

The contract has been closed considering the life cycle equipment cost with consumables and spares for eight years.

CIL said that it is the first major equipment procurement in the current fiscal year. The procurement process is being tracked fast to strengthen the mining equipment and replace the old machines.

The delivery of the entire electric rope shovels will be concluded by September 2023.

The newly contracted 11 electric rope shovels would be used in the opencast (OC) projects of CIL arm Northern Coalfields Ltd (NCL).

According to a statement, each of the electric rope shovels of 20 Cu.M has priced around Rs 133 crore, including the landed value of the equipment, consumables and spares for eight years.

As per the contract, the first machine will roll out in NCL in June 2022, and afterwards, at least one every 45 days. The entire delivery is being scheduled for September 2023.

Image Source

Also read: Coal India to reduce manpower by 5% annually for the next 5-10 years

Also read: CIL approves most capacity addition in a year

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..