by ajoy k. das
State-run miner Coal India Ltd. (CIL) has drawn up plans to procure $290 million worth of high-capacity mining equipment every year over the next five years to reverse the falling trend of overburden removal and falling production since the start of the current fiscal year.
The $1.45 billion shopping list for the next five years has been drawn up against the backdrop of a 1.1% drop in coal production at 46.59 million tons during May, largely attributed by the miner for failure to achieve overburden removal.
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