India's non-atomic and fuel mineral production up by 13%

Image
Press Trust of India Hyderabad
Last Updated : Apr 12 2018 | 5:10 PM IST

India produced over Rs 1.13 lakh crore worth of minerals, excluding atomic and fuel minerals, during 2017-18, an increase of 13 per cent over the previous year.

According to the annual report 2017-18 by the Ministry of Mines, the value of metallic minerals stood at Rs 53,029 crore while non-metallic minerals including minor minerals was at Rs 60,512 crore.

The total value of mineral production (excluding atomic and fuel minerals) has been estimated at Rs 1,13,541 crore, which shows an increase of about 13 per cent over that of the previous year," it said.

"During 2017-18, estimated value for metallic minerals was Rs 53,029 crore or 47.7 per cent of the total value and non-metallic minerals including minor minerals is Rs 60,512 crore or 53.3 per cent of the total value," the report said.

The number of mines which reported mineral production (excluding atomic, fuel and minor minerals) in India was 1531 in 2017-18 as against 1508 in the previous year.

Out of 1531 reporting mines, 230 were located in Tamil Nadu, followed by Madhya Pradesh (197) Gujarat (191), Karnataka (142), Odisha (132), Andhra Pradesh (129), Chhattisgarh (112), Goa (87), Rajasthan (85), Maharashtra (75) and Jharkhand (58).

"These 10 states together accounted for 94 per cent of total number of mines in the country in 2017-18," it said.

Rajasthan is in leading position in terms of estimated value of mineral production in the country.

It had a 20.26 per cent share in the national output, followed by Odisha with 17.77 per cent share and Andhra Pradesh with 9.45 per cent.

The total domestic production of aluminium metal during FY 2016-17 was about 2.86 million tonnes.

In FY17-18, it is expected to increase to about 3.2 million tonnes, as domestic aluminium producers ramp up output to achieve higher capacity utilization.

The Indian primary aluminium industry consists of three major players -National Aluminium Company Limited (NALCO), Hindalco Industries and Vedanta Ltd., having total installed smelting capacity of about 4.1 million tonnes, presently.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 12 2018 | 5:10 PM IST

Next Story