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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.

JSW Steel bags third iron ore mine in Odisha

JSW Steel secured its third iron ore mine Ganua at a 132 per cent premium on the sale value with a reserve of 118 million tonnes in the Odisha e-auction. The other two iron ore mines it has bagged in Odisha are Nuagaon and Narayanposhi.

JSW Steel bags third iron ore mine in Odisha

JSW Steel secured its third iron ore mine Ganua at a 132 per cent premium on the sale value with a reserve of 118 million tonnes in the Odisha e-auction.

JSW Steel bags third iron ore mine in Odisha

According to reports, JSW Steel secured its third iron ore mine Ganua at a 132 per cent premium on the sale value with a reserve of 118 million tonnes in the Odisha e-auction.

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.

Infrastructure Revival to Push CE Growth

The infrastructure sector is today undoubtedly one of the strong pillars of the Indian economy and the current Union Government is strongly focused in its approach towards development of infrastructure.

Govt to launch portal for improved mining activity

Government will launch a portal for bringing in more transparency and speed up mining-related activities in the country. The Mines Ministry has developed a portal which would facilitate in expediting the clearances associated with the mining blocks and help all stakeholders to track status of statutory clearances, according to an official statement.

Rajasthan to e-auction 4 mining blocks

The Rajasthan state government will conduct an e-auction of three limestone and a copper block. In a pre-bidding conference held earlier last month to this regard, the state government had permitted auctioning of five large-scale mining blocks in 2016-17. The Department of Mines had notified auctioning of the blocks.

Odisha plans e-auction of mines

The Odisha government would issue a notification for organising an e-auction to sell off four mines. Three limestone mines and one manganese mine located in Rayagada, Nuapada and Malkangiri districts would be auctioned.

Odisha plans e-auction of four mines

The Odisha government would issue a notification for organising an e-auction to sell off four mines in 2-3 days. According to the Steel and Mines Minister, Prafulla Mallick, three limestone mines and one manganese mine located in Rayagada, Nuapada and Malkangiri districts would be auctioned.

Cabinet approves new mineral exploration policy

The Cabinet has approved the National Mineral Exploration Policy (NMEP), which will pave the way for auction of 100 prospective mineral blocks, boosting India

NMEP to boost mining

The new National Mineral Exploration Policy (NMEP) approved by the Union cabinet is expected to boost private investment in the country?s mineral exploration sector.

Ready for Long Haulage

COMMERCIAL vehicle industry experienced one of the worst and the longest spell of recessions during last three years. However, the good news is that it is reviving now. The heavy-duty (HD) trucks industry hit the peak level in 2011 with a sales of 241,000 and it dropped to 130,000 in 2013.

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.

We have the widest range of solution for OTR activity

The OTR segment, which includes industrial, construction and earthmover verticals, is pegged around at Rs 2,000 crore and this segment is expected to grow further. There are some activities in the coal sector; over 30 blocks have already been auctioned. We are expecting some activities to happen in Goa and Karnataka on the mineral front.

Hiring sector to regain top position in rental equipment purchase

Many infrastructure projects were announced in 2013 and 2014 which got awarded to several Infra companies and contractors after competitive bidding. Quite a few of these however got stalled due to land acquisition issues, environmental clearances and ability to arrange funds.

The time has come

As per one of the recent reports ?impatience was creeping in among business men as nothing has changed on the ground in the first nine months of Modi government?; and if we assess the time period for this ?impatience?, it is not the couple of months these ?business? communities have looking for some action from the government, but it has been over a couple of years! Opportunities are aplenty.

Rural India?s steady contribution is a robust signal of the revival

India remains a focus area for us and systematic investment will be made in future as per the requirements of the market, says Abhijit Gupta, Managing Director, Case New Holland Construction Equipment (India).

Demand for mining equipment from PSUs is expected to increase

Gmmco is fully geared up to serve its customers with efficient product support, so they achieve maximum uptime and productivity of CAT fleet, says S Ananthakrishnan, AVP, Mining Project Sales, Gmmco. Excerpts from the interview.

Demand for mining equipment from PSUs is expected to increase

Gmmco is fully geared up to serve its customers with efficient product support, so they achieve maximum uptime and productivity of CAT fleet, says S Ananthakrishnan, AVP, Mining Project Sales, Gmmco.

Catalysing Growth

Winds of change are here to stay! Investment in the construction development sector has a multiplier effect on the economy by way of infrastructure creation; substantial employment generation over the entire spectrum,

Mining picks up in Bellary area

In Bellary district of Karnataka, mining activities have resumed gradually after lifting off the blanket ban imposed by the Supreme Court in July 2011. As many as 13 mines (11 in forest land and two in revenue lands) listed in categories A and B have started extraction of ore after implementing reclamation and rehabilitation (R&R) plans and obtaining all the statutory clearances.

Firms sold 45.5 mn t ore via e-auction

Data from the Department of Mines and Geology (DMG), Karnataka shows mining firms sold 45,544,000 million tonne (mn t) iron ore out of 77,268,000 mn t earmarked for e-auction as on May 18 in the state. Of the total sale amount of Rs 10,496 crore, the DMG gets Rs 979.26 crore as royalty, Forest Department gets Rs 978.26 crore as Forest Development Tax while Rs 501.52 crore goes to Com

Coal ministry counters charges of NTPC

Union coal ministry refuted the charges levelled by union power ministry and NTPC that Coal India (CIL) was supplying inferior quality coal to the power producer. The power ministry took its grievances against CIL to the Cabinet Committee on Investments (CCI) and this move irked the union coal ministry

Equipment Financing: Our biggest strength is our customer centric approach

NBFCs have developed substantial expertise in lending to this industry and hence, enjoy an equal share in the pie, says KV Srinivasan Chief Executive Officer, Reliance Capital while discussing CE financing segment with Equipment India.

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