Six states initiate auction for critical mineral exploration licenses

In a significant move towards mineral resource development, six states in India have launched auctions for critical mineral exploration licenses.

MoRTH revises BOT and TOT agreements to boost private sector investment

The Ministry of Road Transport and Highways (MoRTH) has introduced a number of revisions to the model concession agreements (MCA) for build-operate-transfer (BOT) and tolling, operation, maintenance, and transfer (TOT) projects.

India to achieve self-reliance in metals, mining sector

During a virtual address, Pralhad Joshi, the Minister for Coal, Mines, and Parliamentary Affairs, emphasised the importance of minerals in the post-pandemic scenario and ongoing energy transition, stating that there has been a surge in demand for minerals worldwide.

Transforming pre-owned CE industry

In the used construction equipment industry, CRM plays a pivotal role in fostering lasting relationships with clients and optimising business processes.

India urged to reform mineral exploration policies

Sumit Deb the outgoing President of the Federation of Indian Mineral Industries (FIMI) has called for comprehensive reforms to stimulate mineral exploration in India

MET approves 309 mineral exploration projects worth Rs 21 bn

The National Mineral Exploration Trust (NMET) has granted approval to 309 projects with an estimated total cost of Rs 21 billion for conducting regional and detailed exploration activities throughout the country

Coal and Mines Ministry reviews National Mineral Exploration Trust

The Consultative Committee for the Ministry of Coal and Mines had convened at the Parliament House Annexe on September 19th to assess the performance of the National Mineral Exploration Trust (NMET).

Madhya Pradesh invites tenders for auctioning 51 mineral blocks

In an effort to enhance India's self-reliance in strategic resources, the government of Madhya Pradesh has issued a notice inviting tenders (NIT) for the auction of 51 mineral blocks.

NHAI puts 300-km of road assets under auction

The National Highway Authority of India (NHAI) is set to monetise road assets by putting a 300-km stretch to be auctioned under the toll-operate-transfer (TOT) model.

The Mining Boom

India's increasing coal projects drive a surge in mining equipment demand!

Geology and Reserves of Indian Coal

India ranks second amongst the coal producing countries of the world in terms of annual coal production. However, in respect of coal resources, it is endowed with less than 1 per cent of world coal resources.

The demand trend for earthmoving equipment is expected to remain positive

Nischal Mehrotra, Vice President (Sales & Marketing), Liugong India, speaks on the emerging technology trends in the earthmoving equipment industry in India.

Navigating the Depths

How IIoT is enhancing safety and efficiency in underground mining.

Shriram Automall celebrates 12th SAMIL Utsav on a grand scale

India’s largest phygital pre-owned marketplace for vehicles and equipment, Shriram Automall India (SAMIL) created yet another benchmark in the used automobile industry on its 12th business anniversary by recording footfalls of over 25,000 customers on a single day.

Shriram Automall celebrates 12th SAMIL Utsav on a grand scale

Shriram Automall conducts biggest phygital auction by selling 7,500+ pre-owned vehicles, equipment and other assets

Progressive Outlook of the Indian CE Industry

Alternative fuels will be a fair play for the future of the CE industry as the Government is also pushing the same for making India self-reliant.

Mines Ministry approves Rs 1.54 bn for NMET’s exploration

Under the direction of Vivek Bharadwaj, Secretary Ministry of Mines, the Executive Committee (EC) meeting of the National Mineral Exploration Trust (NMET) Ministry of Mines was convened.

SAMIL showcases next-gen phygital auction tech at Auto Expo

SAMIL enlightened clients, potential customers and visitors about its technology-laden bidding platforms

Mining the Future

With prospects in both surface mining and underground mining, the Indian market for mining equipment appears to have a bright future.

We want to be India’s biggest marketplace for machinery and cars

Sameer Malhotra, CEO, and Sanjay Khanna, Business Head, Shriram Automall, speak on the market for construction equipment in India.

The next 10 years will be an important period for mining in India

Karthik Bala, Mining Regional Manager, Resource Industries Sales, Services and Technology, Caterpillar India, speaks on the company’s technological offerings for the mining segment.

Mining opportunities!

Government’s thrust on coal mining is expected to significantly impact demand for mining equipment.

SAMIL sets new benchmark; conducts 100 auctions across 100 locations

The event recorded footfalls of over 15,000 customers.

Bringing biodiesel on the market

Fuel costs and India’s reliance on foreign fuel sources are a constant concern for many construction owners whose businesses are heavily dependent on machinery that requires diesel. Many alternate energy sources have been discussed, researched, and used in the past but, for equipment, the primary form of alternate fuel has become biodiesel.

Poised for growth

With the mining segment getting government support in a big way, the truck and tipper segment will witness growing demand in the days to come.

infra demand boosts rental market

Rental is the future. Infrastructure stimulus measures and pent-up demand in the Indian market suggest growth ahead for equipment rental firms.

Companies all over the world are turning to digital integration to increase efficiency in the mining process.

In recent years, mining companies have adopted a growing range of digital solutions. Many have mechanised their operations, moved from the physical to the digital realm by adding equipment sensors.

Shriram Automall, Ashok Leyland ink pact for pre-owned truck biz

Shriram Automall India (SAMIL), a platform for pre-owned vehicles and equipment, has signed an agreement with Ashok Leyland to launch an exclusive platform for pre-owned commercial vehicles.

Counting on diggers

Increasing demand for construction and infrastructure activities is anticipated to augment earthmoving equipment market growth in India over the next few years.

OTR tyre market has bright prospect

India OTR tyre market stood at 11.2 million units in 2021 and forecasted to reach 15 million units by 2023. The market is likely to grow at a CAGR of 9.05 per cent in volume terms.

Shriram Automall inks pact with Ashok Leyland for pre-owned truck business

The phygital platform will facilitate an exchange, disposal and purchase of old vehicles.

CIL signs agreement to purchase Russian shovels at Rs 1,462 cr

Coal India Ltd (CIL) told the media that it had inked a pact for purchasing 11 Russian electric rope shovels of about Rs 1,462 crore.

CIL signs agreement to purchase Russian shovels at Rs 1,462 cr

Coal India Ltd (CIL) told the media that it had inked a pact for purchasing 11 Russian electric rope shovels of about Rs 1,462 crore.

Restart of govt flagship programmes will lift up excavators market in 2021

According to the Off-highway Research, the sale forecast for crawler excavators from 2019-2024 is 24 per cent whereas the mini excavator market is expected to grow by 39 per cent during the given duration.

We expect the demand to grow for hydraulic excavators

Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro

We expect the market for hydraulic excavators to grow by 20%

The excavator market peaked in FY2018-19 following three years of sustained growth led by increased government focus and investment in the infrastructure sector.

The worst is over for the CV industry

In 2008, two leading players, Volvo Group and Eicher Motors, in the commercial vehicle business joined hands with a common vision of driving modernisation in the commercial transport business in India.

Shriram Automall – the Power of Choice for Construction Equipment

Shriram Automall India (SAMIL), an ISO 9001:2015 certified company, is India’s first-ever service provider to offer a well-organised and transparent platform for the exchange of pre-owned vehicles and equipment.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

Structural reforms in mining

Union Minister for Coal and Mines Pralhad Joshi said that the government is coming up with many structural reforms in the mining sector to realise its true potential.

Mining reforms have brought the confidence back

Souma Ray, Director, Haulotte India shares his thoughts on the AWP market outlook and the company’s activities.

Testing & Interesting Times

After the most unusual year that we experienced in our lifetime, the calendar year unfolding is expected to be challenging but promising for the Indian construction equipment industry.

OTR tyres on the move

With construction activities picking up and mining activities on a revival mode, the OTR tyre demand in the country is expected to grow in the coming years.

Mining market scenario

The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.

Reforms will boost recovery

Reports show an impressive recovery for the Indian economy in the July-September quarter (Q2) from the record decline of the first quarter, indicating that the economic activity has been gathering pace. The economy in Q2 however continues to be contracted.

We are planning to introduce digital dashboards

Indranil Roy, Director - Mining, thyssenkrupp Industries India, shares some facts on the company’s presence in bulk material handling space and the market trend.

Structural reforms in mining sector to realise its true potential: Pralhad Joshi

The proposed changes in mining sector to increase private sector participation

Adaptability and agility are our core strengths

Gagandeep Singh Gandhok, Senior Vice President – HD Truck Business, VECV, shares his views on the market scenario and the company’s plans.

Mining opportunities and challenges

Ritabrata Ghosh, Associate Head, Corporate Sector Ratings, ICRA writes on the mining scenario in India.

Will Growth Sustain?

This September showed a sequential positive trend in the economy. Analysts say the 8 core sectors improved. Now to sustain that growth.

Pre-owned Equipment Market to Excel

The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.

Used Equipment Market to Flourish

The post-COVID scenario seems to be working out good for used equipment as customers want to buy more pre-owned equipment in good quality, while organised players are seeing business growth and more OEMs are entering the business too.

DICV enters used CV segment with ‘BharatBenz Exchange’

Daimler India Commercial Vehicles (DICV) announced the launch of ‘BharatBenz Exchange’, its new offer to the used commercial vehicle segment.

Crushers & Screens: Gaining Momentum?

The growing aggregate requirements in the infrastructure projects and the improving mineral mining activities in the country demand crushers and screens in large numbers. But with some roadblocks pose as challenges in this positive scenario, can the crusher segment gather momentum

There is a demand surge for crushers in the iron ore segment: Ranjit Ravindran

While the demand for newer machines is not that bullish the existing population of machines is fully optimised to undertake current developmental activities in mining and infrastructure. Ranjit Ravindran, Business Head – Mining, Voltas, shares more on the market dynamics.

Govt to auction 5 mineral blocks

The government will auction five mineral blocks in Gujarat and Karnataka having reserves of 667.2 million tonnes.

41 coal mines on offer for commercial coal mining

Prime Minister Narendra Modi launched the auction process of 41 coal blocks for commercial mining, through video conference. The Coal Ministry in association with FICCI launched the process for auction of these coal mines. A two stage electronic auction process is being adopted for allocation of the coal mines.

Financing Challenges

Devendra Kumar Vyas elaborates on the impact of COVID-19 pandemic on infrastructure and financing sector and the challenges faced by NBFCs.

Towards better Mining

The measures announced by the government for mining industry are expected to have a positive impact in the coming years.

41 coal mines on offer for commercial coal mining

Prime Minister Narendra Modi launched the auction process of 41 coal blocks for commercial mining, through video conference.

Ritchie Bros. eases cash flow for equipment owners

Heavy equipment auctioneer Ritchie Bros. is supporting equipment owners through the COVID-19 crisis with flexible disposition options to improve their cash flow, including advance payment options and purchasing seller assets outright. Ritchie Bros.

Coal Ministry initiatives to improve mining efficiency

The Coal Ministry has taken initiatives to re-visit old laws with an aim to improve efficiency, ease of doing business and to open up coal sector

We will continue to innovate and expand: Ramesh Palagiri

Ramesh Palagiri, Managing Director & CEO, Wirtgen India, speaks on the market opportunities

Commercial coal mining can reduce coal import: CRISIL

The government’s move to open up commercial coal mining can halve the annual expenditure incurred on importing non-coking coal.

Ritchie Bros. eases cash flow for equipment owners

Ritchie Bros. is supporting equipment owners through the COVID-19 crisis with flexible disposition options to improve their cash flow

Tech-Knowledgy The Way Forward

New-generation technologies can lead the construction equipment industry to newer heights in efficiency and productivity.

JSPL bags iron ore block in Keonjhar

Jindal Steel and Power (JSPL) has bagged the Guali mine iron ore block in the ongoing auctions in Odisha with reserves of about 200 million tonnes (MT).

Srei Equipment Finance, UCO Bank announce strategic alliance

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India's premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

Srei Equipment Finance, UCO Bank to co-lend through iQuippo platform

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India?s premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

Mining Gains

The recent policy initiatives by the Central Government are expected to boost the mining activities in the country, providing new opportunities to private and global miners, and equipment and technology providers.

Selling mining equipment to a global buyer base

With the end of the year approaching, Ritchie Bros. is gearing up for its last Dubai equipment auction of 2019.

Mining Needs a Leg-up

For India to achieve its full potential in the mining sector, policymakers need to give a leg-up in lifting the mining sector on a high growth path. Jayanta Roy elaborates on the mining industry scenario in India.

CRUSHING BARRIERS

Fragmented aggregate mining, as well as issues related to regulations and liquidity, are threatening the growth of the crushing and screening equipment segment in India.

Govt to auction 27 coal mines

The Ministry of Coal has begun the process of auction of 27 coal mines and allotment of 15 blocks to public sector undertakings.

Banking on Coal Mining

While coal mining and quarrying will drive the growth of mining equipment, other mining segments will see a relatively lower growth demand for mining equipment. Pavethra Ponniah, elaborates more on the market trend.

iQuippo organises Paison Ki Nilami

Commenting on this occasion, Anant Raj Kanoria, CEO, iQuippo, said, ?We have noticed that in the market customers always want to negotiate pricing and interest rates and we through our platform want to digitise and make this process transparent

Srei, Oriental Bank of Commerce sign pact

Srei Equipment Finance and Oriental Bank of Commerce announced a strategic alliance to offer loans for purchase of equipment under a co-lending arrangement. iQuippo, a Kanoria Foundation initiative, will facilitate sourcing of loans under this program.

DECHOW auctions off premium accessories

Starting now, the experts at DECHOW Auctions based in Hamburg have been entrusted with the sale of mobile equipment from SHW Casting Technologies GmbH.

Srei Equipment Finance and Bank of Baroda in strategic alliance

Srei Equipment Finance (SEFL), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and Bank of Baroda, India?s second largest public sector bank, announced a strategic alliance to offer joint loans for infrastructure equipment under a co-lending arrangement.

Equipment companies exhibiting at bauma CONEXPO INDIA 2018 speak!

Equipment Pulse

With the construction equipment market is on a growth path, Equipment India explores the market scenario of construction equipment and allied products and services.

We offer much more than just the live auctions

Ritchie Bros is one of the largest equipment platforms worldwide, transacting hundreds of thousands of items each year. Eduard Faig, Regional Sales Manager, Middle East, Africa and Asia Subcontinent, Ritchie Bros elaborates on the company's presence in the global market and its future plans for India.

Raising the Bar

The good news is here! India notched the 77th rank in the World Bank's Ease of Doing Business, jumping 23 places up from last year. The report also recognises India as one of the top 10 reformers among 190 countries.

Looking for a Turnaround

India has great potential in mining

The mining market in India is growing, but at a slower pace compared to other industry segments due to stringent regulations and environment related challenges.

We see double-digit growth for industrial lubricants

With about 200 distributors and extensive logistical reach, GS Caltex India has consolidated its presence in Indian market. Rajesh Nagar, Managing Director & CEO, shares more on the market opportunities for lubricants in Indian construction and mining industry

Aggregate Boom,Policy Gloom

Crushers and screens market is poised for a demand boom with the focus slowly shifting towards higher capacity machines to meet the growing demand for aggregates.

Mines Ministry reviewing NITI Aayog suggestions

The Ministry of Mines is contemplating on and is willing to adopt the method suggested by NITI Aayog CEO, Amitabh Kant regarding major policy changes to allocation and operation of mines in the country, Union Minister Narendra Singh Tomar said at an ASSOCHAM event held in New Delhi.

Privatisation of coal mining

India's coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India's coal demand, especially for higher grade thermal coal/washed coal and coking coal.

Growth in equipment finance market to continue

There has been a substantial upswing in sales of construction equipment during the last two years, mainly driven by commissioning of major infrastructure projects by the government in roads and other sectors.

100 per cent FDI in coal mining likely to attract more global investment

According to an ICRA report, opening up commercial coal mining for the private sector and allowing 100 per cent foreign direct investment (FDI) are likely to attract global miners to invest in India.

Commercial coal mining to improve efficiency

The Union Government?s recent move to allow the private sector to commercially mine coal will boost both production and mining efficiency, according to CRISIL. Substitution of imported non-coking coal with domestic production could save roughly Rs 30,000 crore of coal imports, CRISIL estimates.

States to auction 72 mineral blocks by fiscal end

As many as 72 mineral blocks in 12 mineral-rich states are likely to undergo mining activities by end of this financial year. The states of Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Tamil Nadu would put the blocks to auctions.

Centre directs states to begin auction of non-captive mines

The Central Government has asked the states to begin auction of 348 non-captive mining leases that are expiring in 2020. This shall provide enough time to the successful bidders to seek necessary clearances before commencing operations.

Sell where people buy

There is a saying in the industry that 'if a machine isn't making money, it is only costing money'. Equipment often needs to be turned into cash first before returns can be used to make other investments.

Mining Equipment Trends

The mining equipment industry (MEI) is heavily dependent on equipment demand from coal and iron ore mining, both being highly equipment intensive, with over 30 per cent.

Lubricants for Mining applications

Equipment working at mining sites need to perform reliably and efficiently, without major breakdown and other issues. Safe and efficient operation is imperative for mining equipment to increase productivity and safety in mining operations. Lubricants play a major role in this by minimising wear and tear of machinery parts and safeguard the equipment in the harshest conditions.

Ritchie Bros. launches IronPlanet in UAE

Heavy equipment auction expert Ritchie Bros. is about to raise its stake in the United Arab Emirates (UAE) with the introduction of its new online-only brand: IronPlanet. Complementing Ritchie Bros.? onsite auctions, IronPlanet is an online-only marketplace, offering new benefits to customers, including selling without transporting items to a centralised location and the ability to sell items for a fixed price, negotiate offers or set a reserve.

More engines of growth needed

Off-Highway Research reports a turnaround in the global construction equipment (CE) market, which is expected to grow 16 per cent this year.

We have sold over 25,000 used equipment through physical bidding

Shriram Automall India is the number one service provider of used construction equipment in the country. Sameer Malhotra, CEO, Shriram Automall, elaborates on the used equipment market in India and the company's services to customers.