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The Mining Boom
India's increasing coal projects drive a surge in mining equipment demand!
Navigating the Depths
How IIoT is enhancing safety and efficiency in underground mining.
Mining the Future
With prospects in both surface mining and underground mining, the Indian market for mining equipment appears to have a bright future.
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.
Government?s coal mining plans in FY20
The Union Government has planned exploration of 37 coal blocks and 10 lignite blocks along with drilling of 121 coal blocks and one lignite block in the current fiscal in addition to exploration and drilling of coal blocks allocated to Coal India (CIL), according to Pralhad Joshi, Union Coal Minister.
Revival on Cards?
India is witnessing an improved growth trend in coal mining, as Coal India Ltd (CIL) is aiming an output of one billion tonne by 2020. CIL has earmarked a capital investment of Rs 57,000 crore, as part of the road map for one billion tonne target, with a planned capex of Rs 8,500 crore in 2017-18.
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.
Mining Potential
With the growing demand for increased output of coal and iron ore and other minerals, the demand for mining equipment and machinery is expected grow manifold.