Gulf Oil secures Rs 110 cr mining Contract

New Delhi, Aug 16: Gulf Oil Corporation today said its mining and infrastructure division, IDLconsult, has received a Rs 110 crore mining contract from Singareni Collieries Company Ltd (SCCL).

The project is to be executed over a period of 24 months at Manuguru OC 2 in Khammam District of Andhra Pradesh.

'We shall continue to maintain the same standards of excellence in our performance and contribute to the economic growth in the Mining industry. Our mining and infrastructure division has doubled its service income in 2005-06 to Rs 72 crore. We now have plans to double it again in 2006-07,'' Gulf Oil Corporation Managing Director Subhas Pramanik said.

The division, a joint venture between Germany's Dywidag, Korea-based L&T and Samsung, and IRCON and Shimizu of Japan, undertakes works for drilling, blasting, excavation, hauling, and dump-yard management in the mining sector. It is also engaged in controlled blasting, tunneling and shaft sinking in the infrastructure sector.

Earlier IDLconsult executed two major coalmining contracts in SCCL worth about Rs 90 crore and the Delhi Metro Project. Its last project at Koyagudem has been adjudged as the 'Best Mine' among all coalmines in the Singareni Collieries by the Directorate General of Mine Safety.

SCCL is one of the leadind coalmining companies in India and it has staged a turn around from a loss making situation to a profitable organisation by the process of outsourcing their main mining activities in the last five years.

UNI