Gayatri Projects eyes underground mining services; ties up with China co – Feedback

Gayatri Projects is seeking to offer mining services for underground coal mines of Coal India Ltd and other companies.

The Hyderabad-based diversified infrastructure company, which is into construction, infrastructure and power segments, has entered into a partnership with China Coal Overseas Development Company, a Beijing-based subsidiary of China Coal, to offer Longwall technology for mining. With the government setting a target of 1 billion tonnes per annum coal extraction by Coal India, which includes significant contribution from underground mines, there is an opportunity out there for services providers, a company official told . The proposed capacity addition includes about 100 mtpa of underground mining. The company has managed to bag two projects, thus far, and is gearing up to bid for upcoming projects to offer mining services through its tech partner.

http://www.thehindubusinessline.com/todays-paper/tp-news/gayatri-projects-eyes-underground-mining-services-ties-up-with-china-co/article8738625.ece

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