Equipment manufacturers lead IoT mining revolution

Industrial Internet of Things (IIoT) technologies that can seamlessly connect vehicles, machinery and personnel in even the world’s deepest mines promise a new era of safety, productivity and profitability for underground mining.

Unlocking the mining potential

The future of the Indian mining equipment market looks good with opportunities in underground mining and surface mining.

BEML privatisation moves into phase 2

In January this year, the Central Government had invited expressions of interest (EoI) for the strategic sale of 26 per cent stake in Bharat Earth-Movers (BEML).

BEML privatisation moves into phase 2

Earlier, interested bidders were told to submit their EoIs on or before March 1. However, the Government recently extended the deadline for submitting preliminary bids till March 22.

Union Cabinet clears new divestment policy

The Union Cabinet cleared the new policy for Public Sector Enterprises (PSEs). A broadsheet for disinvestment is expected to be announced by Finance Minister Nirmala Sitharaman in the Union Budget.

Compact Road Equipment Market to Grow

Developmental work in the North-East and far-flung rural areas will drive a robust growth of road building equipment, with a twist - the market for smaller-sized equipment to suit applications and delivery logistics requirements will be the gainer.

German companies are planning more investments in India.

German investors are taking a positive long-term view of Indian market and continue to invest in their operations to tap growth opportunities. Maharashtra, with around 39 per cent share of German investments, remains the most attractive destination, says Rajesh Nath, Managing Director, VDMA India. Excerpts from the interview.

Realising the mining potential

Year End Review of Ministry of Coal

Coal sector witnessed a number of initiatives during 2013 to augment coal production and supply. Regular reviews of captive coal blocks were held by Inter-Ministrial Group to expedite their development, fuel supply agreements were signed with Power Sector and setting of Coal regulator approved. Under the bidding policy, seventeen coal blocks allotted to the Government Companies and thirty eight coal blocks brought under production.

Ministry wants resolution of key issues before CIL stake sale

Agency reports indicate that union coal ministry wants the Department of Disinvestment (DoD) to move ahead with the divestment of stake in Coal India (CIL) after key issues are resolved. The 10 per cent equity sale in the coal miner was cleared by an Inter-ministerial Group (IMG) and this may fetch the government over Rs 17,000 crore. The government, at present holds 90 per cent stake in

Equipment financing: An evolving scenario

While the government is expected to roll out more reforms soon, the key issue is implementation on the ground. If policy issues are addressed and initiatives are implemented, it will give a boost to the equipment financing in India, Infrastructure segment has been witnessing a major slowdown due to various issues around land acquisition and environmental clearances

Equipment India bags award

Equipment India, the only 100 per cent dedicated magazine on mining and infrastructure equipment industry segments in the country was adjudged the ?Best News Magazine' at the recently concluded 3rd Construction Industry Development Council's Vishwakarma Awards.