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In a bid to salvage its mining operations at Moonidih, Coal India Ltd, has awarded the contract to Zhengzhou, a mining technology firm from China, with stiff penalty clauses. It will ensure assured production from the mine and thereby reduces loss to 2-3rd
and recovering its investment in this technology (Rs.4360 million). It may be noted that CIL has introduced this technology earlier and it has not shown favourable results and Zhengzhou has shown interest in development, mining and operation
& maintenance of Indian underground coal mines.