Page 7 - Mining Industry

Realisation worries, capital expenditure likely to hit NMDC stock

In Q4FY25, volume growth picked up. NMDC implemented price hikes in FY25. In future, volume pick-up and stable realizations will be key

Rajasthan govt prepares action plan to auction minor mineral plots

Rajasthan prepares action plan for minor mineral plots auction

Industrial output growth dips to 2.7% in April, lowest in eight months

Industrial output slowed in April as mining contracted and electricity growth eased; capital goods saw robust growth while consumer non-durables remained weak

April 2025 IIP dips to 8-month low at 2.7%, manufacturing grows 3.4%

Among the sectors, manufacturing - which carries the largest weight in the index - grew 3.4 per cent, up from 3.0 per cent in March

Mining, construction equipment sector to reach $45 bn by 2030: Report

India's mining and construction equipment sector is expected to reach USD 45 billion in another five years, according to a report. "Currently valued at USD 16 billion, the sector is projected to grow at a 19 per cent CAGR, unlocking a USD 45 billion opportunity by 2030," according to CII-Kearney Report. Confederation of Indian Industry (CII), in collaboration with Kearney, has come out with a Vision Report for Making India a Global Manufacturing Hub in the Mining and Construction Equipment Sector. The report presents a bold Vision 2030 to position India as a global leader in mining and construction equipment (MCE) sector and outlines an action plan. India is now the fastest-growing MCE market among the top six global economies, surpassing even the US, Germany and Japan. According to the report, the mining and construction sector, a key enabler of infrastructure, energy, and industrial growth, commands a USD 18 trillion global market and contributes 16 per cent to global GDP. In In

NLC India Q4 results: Net profit rises over three fold to ₹468.36 crore

Despite a dip in mining income and other revenue, NLC India's Q4 profit surged as power revenue grew 9% year-on-year and the board proposed a ₹1.50 per share dividend

Adani Group deploys India's 1st hydrogen-powered truck for mining logistics

The truck comprises three tanks that can carry 40 tonnes of cargo for 200 kms of range, will be used to transport coal from Chhattisgarh's Gare Pelma III Block to the state's power plant

Rajasthan govt aims over ₹12,950 crore in mining revenue for FY26

Rajasthan is one of the leading mineral producers in the country, with 22 major minerals and 36 minor minerals

Deep sea mystery: 99.999% of Earth's ocean floor still remains unexplored

A new study finds that humans have visually explored just 0.001 per cent of the deep seafloor - leaving vast areas unknown and raising concerns about biodiversity, climate, and deep sea mining

Vedanta Resources proposes to repay $920 million debt in FY26: CFO Goel

Anil Agarwal-led Vedanta Resources Ltd (VRL), as part of its deleveraging exercise, has proposed to repay USD 920-million debt in the current fiscal year and about USD 675 million in the next, a company official said. The company has been gradually deleveraging its balance sheet, improving its capital structure, and lowering its financial costs by tapping bond markets as part of its liquidity management exercise. In a Q4 earnings conference call, Vedanta's Chief Financial Officer Ajay Goel said, "So USD 920 million is a debt repayment to do in the current year. Next year, FY27, it's about USD 675 million." The need for cash at VRL is declining rapidly, led by both deleveraging and refinancing, he said, adding that at the same time, overall cash flow at Vedanta India, given the augmented volume, compressed cost, is much higher. "So overall, we as a group in terms of cash management is historical best position," he explained. Last year, Vedanta firmly established itself as one of th

Vedanta Q4 results: Consolidated net profit rises by 154% to ₹3,483 cr

The mining major's net sales jumped by 13.9 per cent to Rs 40,455 crore in the January-March quarter on a year-on-year basis (YoY)

Vedanta expects demerger to complete by September, says CFO Goel

Anil Agarwal-led Vedanta Ltd expects to complete the demerger of its businesses by the September-end, according to a top company official. The company had earlier said it has pushed back its demerger by a quarter to June-July. Speaking with PTI, Vedanta CFO Ajay Goel said, "We are on track to finish (the demerger) by the second quarter end." "So, by the end of September, the demerger will reach a conclusion. So, it will be completed," he added. The approval of the demerger proposal will pave the way for the company's various business verticals to become separate entities. The mining firm had last year revised its demerger plan and decided to retain its base metal undertaking within the parent firm. Vedanta had earlier said post-demerger its existing businesses will be structured in six independent companies -- Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd. However, later it revised the plan. Vedanta

Rajasthan govt taps rich mineral reserves to drive economic growth

Rajasthan's intensified focus on mining comes on the back of strong performance by the state's department of mines and geology

BEML hands over India's largest electric rope shovel to Coal India

State-owned BEML on Tuesday announced the official handover of an indigenously developed electric rope shovel to mining giant Coal India. The mining equipment was formally handed over to Northern Coalfields CMD B Sairam in the presence of Coal India CMD PM Prasad and BEML CMD Shantanu Roy, the company said in a statement. "In a major leap for India's mining sector and a powerful stride towards the government's Aatmanirbhar Bharat mission, BEML Ltd has launched the country's biggest indigenously designed and developed electric rope shovel -- BRS21," it said. The BRS21 is a high-capacity, electric rope shovel purpose-built for large-scale overburden removal in open cast mining operations. With an operating weight of 720 tonnes and a 21 cubic metre bottom dump bucket, it ranks among the most capable shovels globally. "The successful development of this colossal mining equipment by BEML in just 24 months speaks volumes of our engineering strength and collective resolve. It's not just

Metals tycoon Agarwal seeks mining reboot amid debt overhaul, Saudi push

Vedanta is also expanding the gamut of its operations by winning rights to mine critical minerals like nickel, chromium, platinum, and cobalt in India through November auctions

Coal India gains 2% as arm SECL inks ₹7,040 crore coal mining pact

Coal India stock was quoting at ₹402.80, up 0.99 per cent from Thursday, April 17 close of ₹398.85

Automobiles to pharma & healthcare: Earnings winter to persist in Q4FY25

Past champions such as banks, oil & gas and automotive seen as laggards

Centre plans new unit to boost DMF, PMKKKY efficiency in mining regions

The mines ministry plans to set up a program management unit to facilitate the development of people affected by mining-related activities and effective coordination with the states for smooth implementation of Pradhan Mantri Khanij Kshetra Kalyan Yojana. The government in 2025 launched the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) aimed at the welfare of areas and people affected by mining-related operations, using the funds generated by District Mineral Foundations (DMFs) from the funds accruing to them in terms of the mining act. Accordingly, the Centre directed the concerned State Governments to incorporate the PMKKKY into the rules framed by them for the DMF and to implement the said Scheme. The mines ministry said on its website that it is taking many initiatives to improve the efficiency and effectiveness of District Mineral Foundation/ Pradhan Mantri Khanij Kshetra Kalyan Yojana. "Ministry of Mines plans to take services of a consulting firm to set up a Program .

Coal India's payment to govt drops, yet big support for miner states

For the financial year 2024-25, CIL paid ₹60,959.52 crore to the government exchequer. This was a small increase of 1.2 per cent compared to ₹60,197.8 crore paid in 2023-24

Parl panel expresses concern over diversion of DMF's fund in several states

A parliamentary panel has expressed concerns over several cases of diversion of funds of District Mineral Foundation (DMF) in several states for purposes other than welfare of mining-affected areas. The DMF is a non-profit statutory 'fund' for every Indian district affected by mining related operations. It is aligned with the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY), to ensure effective and equitable utilisation of these funds to address the challenges of communities inhabiting the mining regions and for their sustainable development. The panel is "concerned to note that there are many cases of diversion of the funds of DMFs or purposes other than the stipulated ones, in many States as informed by the Ministry of Mines. Such diversions, the Committee notes, took place in the form of transfers to State treasury/consolidated fund of the State or State level funds (by whatever name called) or Chief Minister's Relief Fund or other funds or schemes", said the Standing Committe