The Tata Hitachi’s range of mining equipment are excavators starting from 2.5 CuM bucket size excavators going up to 45 CuM, rigid dump trucks from 35 ton to 300 ton, wheel loaders up to 10 CuM. The excavator markets have been growing at a steady growth of 8-9 percent. We are the leaders in the excavator up to a bucket size class of 6.5 CuM bucket.
How do you see the mining equipment market evolving in coming years? What could be the major growth driver?
Coal has been the major driver of mining equipment business in India apart from other minerals like limestone, iron ore, manganese.
Indian government has focus of increasing the coal production multifold and hence this would call for requirement of major mining equipment. We expect that to accelerate the production there would be upsizing of equipment which will take place.
Also, latest technology would be playing a key role in enhancing the efficiency of mining equipment as well as mine operations. So broadly, we are expecting the markets to grow, grow to include mega-mining equipment, and inflow of equipment with latest technology. We have a long way to go.
How much does mining equipment biz contribute to the company’s revenue? Who are the major consumers for the company?
This story is from the March 2020 edition of Coal Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2020 edition of Coal Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
SCCL's coal production up 64% in Q1
Coal production by SCCL during Q1 FY22 stood at 15.57mt, 64% higher than 9.50 mt achieved in Q1 FY21.
The UK to end thermal coal use in October 2024
The deadline to phase out coal from Great Britain’s energy system has been brought forward by a year as part of the UK government’s decision to go further in driving down emissions and tackling climate change.
Coal handled by major ports up 38.5% in Q1
The 12 major Indian ports handled 39.37 million tons (mt) of coal (thermal + coking) during April- June of FY22, up by 38.5 percent from 28.42 mt recorded in the corresponding quarter of FY21, according to data released by the Indian Ports Association (IPA).
Cement sector sees demand revival
Retail demand was under pressure during the first two months of FY22 with April and May production falling by 12 percent and 17 percent respectively month-on-month (m-o-m) as per Index of Industrial Production data.
Indian Railways' coal handling up 42% in Q1
Indian Railways in April-June of FY22 transported 157.78 million tons (mt) of coal, up by 42.4 percent from 110.80 mt handled in corresponding quarter of FY21.
CIL's coal production up 2.4% in Q1
Coal India’s (CIL) coal production during April-June quarter (Q1) of FY22 was up by 2.4 percent to 124 million tons (mt) as compared to 121 mt achieved during the same quarter last fiscal (FY21), according to (provisional) data released by the company.
India's May coal imports up 20% y-o-y
Coal and coke imports in May 2021 were up 20.44 percent year-on-year (y-o-y), according to import data available with Coal Insights. Imports rose to 19.92 million tons (mt) from 16.54 mt during May of previous year.
There is still a long way to go to squeeze coal out: BP
There are worrying signs that last year’s Covid-induced dip in carbon emissions will be short lived as the world economy recovers and lockdowns are lifted, says Bernard Looney Chief Executive Officer of BP in the recently published Statistical Review of World Energy 2021 published by the company.
“Growing Infrastrcuture is a big opportunity for OTR Tires in India”
India is now considered to be the largest market for Off-the-Road Tires (OTR) used in construction & mining industry. The opening up of the coal sector has provided further push to the potential usage of such tires. And Balkrishna Industries Ltd, a global player with diversified portfolio under the BKT brand across agriculture, industrial, construction, earthmoving, mining and port is set to seize the opportunity. Rajiv Poddar, Joint Managing Director, Balkrishna Industries Ltd., tells Arindam Bandyopadhyay of Coal Insights about the opportunities and outlook for the sector and the company.
SCCL's coal production up 69% in May
After putting up a dismal performance last year, Singareni Collieries Company Ltd (SCCL) has started the new fiscal on a high note. Coal production by SCCL in May 2021 surged to 5.44 million tons (mt), about 68.56 percent higher than 3.23 mt achieved in the same month last year, according to (provisional) data released by the company.
