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Sany leads in sustainable practices for mining industry

Sanjay Saxena, Chief Operating Officer, Sany India and South Asia, speaks on the current state of the mining equipment market globally and in India specifically.

Coal India approves record 32 mining projects at Rs 47K cr

Scripting a record high, Coal India Limited (CIL) has approved 32 coal mining projects in the current fiscal till January 2021, which indicate an estimated incremental capital of around Rs 47,300 crore.

Mining market scenario

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

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.

Government should fast-track the procurement

After a lull in the past three years, mining, especially coal, is set to show significant growth in the next few years. Coal India (CIL) is doing its best to increase coal production quickly, from the current 568 million tonne per annum (mtpa) to 927 mtpa by 2020.

A Game Changer

With Krishnapatnam Port soon becoming the hub for industrialisation in the region, coal imports are surging with an expectation to hit 100 mtpa in the next 10 years. Krishnapatnama Port Company Ltd (KPCL) has always been a step ahead of the demand by increasing its port capacity and operational efficiency.

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