State-run Coal India (CIL) is considering possible stake buy in a railway project in Mozambique that helps the world's biggest coal mining company to transport the coal from its mines to the nearest port. Although there is a railway link between the proposed CIL mines in Mozambique and the nearest port, frequent rake derailments have raised concerns over its stability. The line connects central Mozambican Port of Beira along the Sena railway. It runs for 575 km from the inland City of Tete to Beira. More than 24 trains run on the line every day, carrying coal for Vale, Rio Tinto and Jindal, which operate coal mines in the Moatize district of Tete. A key phase in this programme — construction of passing loops at 25 of the 31 stations on the line — has begun. The work is being carried out by a Portuguese consortium of Mota-Engil and Edvisa (part of the Visabeira group). CIL may take a stake in this line to facilitate transportation of coal, which its mines produce. CIL executives, however, clarified that the proposal is at a "very preliminary stage".
Popular Posts
-
Ambitious disinvestment plan proposed by the Central government evinced good response rom buyers than previous years. The change in the m...
-
The South Central Railway will run four special trains between Tirupati-Secunderabad and Tirupati-Kakinada Port to clear extra rush of p...
-
Country's largest lender State Bank of India is organising a national level banking conclave for the first time by bringing toget...
-
Prime Minister Narendra Modi Saturday reached Goa and went aboard INS Vikramaditya, the largest and most powerful aircraft carrier indu...
-
Microsoft CEO Satya Nadella is expected to visit Hyderabad next month.He would be having separate meetings with Telangana Chief Minis...
-
BJP led NDA government facing new challenge how to clean Gaga River? This was become serious issue in and outside government. Prime Mi...
-
The ongoing power crisis in several parts of the country in Punjab, West Bengal, Haryana, Punjab and Uttar Pradesh will take a sure turn ...
-
Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organisation, has been awarded Business ...
-
Former Karnataka Chief Minister B S Yeddyurappa's son B Y Raghavendra will contest from Shikaripur constituency, which the state BJP...
-
In a significant move, the government is considering a major overhaul of Railways after the Budget in order to revive cash-strapped natio...
