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In 2015, we have seen an inflow of volume business for rotary blast hole drills from state-owned enterprises involved with coal mining and we expect the trend to continue in April-June 2015 period as well.

Mining Growth

India is on track to overtake the US as the second-largest coal consumer after China this decade. India wants to more than double coal output to 1.5 billion tonne by 2020. The central government has already taken specific actions including e-auctions of coal blocks; 28 blocks are already allocated and more blocks to be e-auctioned soon.

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