Coal India’s measures to prevent theft by electronically ‘fencing’ mining areas and fitting trucks with a GPS-based tracking system will be finished by the end of April, a government official said. As much as a fifth of the state-run company’s annual output is stolen, costing it up to $1 bln yearly and feeding a huge black market. Coal India’s modernisation plan includes tracking trucks and using Google maps to ‘fence’ mines, alerting managers if a truck diverts from its route. Coal Secretary Anil Swarup said reducing the coal stolen and improving the quality of coal sold were top priorities. Coal India, the world’s largest miner, wants to nearly double output to a billion tonnes by 2020. It has already spent more than half its targeted budget of $45 million on an overhaul.
FlashNews:
InfraPandit Awards to Honour Doctoral Excellence in Infrastructure
REC Wins Leading CSR and Sustainability Award for Healthcare Support
HAL Set to Enter New Global Space Race with SSLV Contract Win
Multimodal Logistics: Optimising Assets, Strengthening Supply Chains
Gadkari Announces FASTag Annual Pass to Ease Private Vehicle Movement from Independence Day
Air India 171 Crash: A Definitive Inflection Point for Indian Aviation
REC Reports Strong Profit Growth
GAIL Reports Record Profit Surge
India Calls for Inclusive Energy Governance at BRICS Meet
Mumbai-Ahmedabad Bullet Train’s 300 km Viaduct Milestone
India Revokes Security Clearance to Turkish Firm Çelebi
Major Ports Handle Record Cargo Throughput in FY2025
India Committed to Unlocking Energy Potential: Puri
Gaganyaan Scheduled for 2027 Launch
Defence Budget Set for Rs.500 Billion Top-up
Operation Sindoor: The Indigenous Edge
Securing India’s New Crown Jewels
Logistics parks, multimodal cargo hubs poised for rapid growth
India is ready to build for the world!
Home » Coal India to get anti-theft technology by end April
Coal India to get anti-theft technology by end April
Coal & Mining
April 1, 2016April 1, 2016

Leave a Reply
You must be logged in to post a comment.