Mining Equipment

Mining Report
May 2021

Content
1 MAIN NEWS ......................................................................................... 3
1.1 Hindustan Zinc signs EV deal with Epiroc ..................................................................... 3
1.2 Coal mining norms to be eased further ......................................................................... 3
1.3 Investments in coal mines across Talabira .................................................................... 4
1.4 Coal India firms up domestic coal evacuation plan ........................................................ 4
1.5 Coal India records all time high capex........................................................................... 5
1.6 CIL’s additional supply reduces coal imports................................................................. 5
1.7 NALCO gets mining lease for Utkal E-coal block .......................................................... 6
1.8 JSW Steel acquires Welspun Steel ............................................................................... 6
1.9 JSW Steel eyes Neelachal Ispat ................................................................................... 6
1.10 Shyam Steel to invest to raise production capacity ....................................................... 7
1.11 Hindalco to resume on-hold projects, plans investments ............................................... 7
1.12 Vedanta Aluminium to invest in current fiscal ................................................................ 7
1.13 Vedanta plans to set up copper smelter unit in coastal region ....................................... 7
2 SNIPPETS ............................................................................................ 8
2.1 Pandemic impacts offtake from CIL mines .................................................................... 8
2.2 Covid19 forces India to delay coal block auctions ......................................................... 8
2.3 CIL’s coal allocation under power sector drops in April ................................................. 8
2.4 NLC India adds over 500 MW of generation capacity in FY21 ...................................... 8
2.5 CCL records 112% jump in production .......................................................................... 9
2.6 SCCL shines in April regardless of Covid disruptions .................................................... 9
2.7 EMIL and Adani lead the way under the MDO model .................................................... 9
2.8 Essar steel chosen to develop Kadapa steel plant ........................................................ 9
2.9 Posco plans to invest to setup plant in Odisha ............................................................ 10
2.10 ArcelorMittal Nippon Steel initiates feasibility study for plant in Odisha ....................... 10
2.11 Adani enters copper business, incorporates new subsidiary ....................................... 10
German Engineering VDMA Mining VDMA India, GC 36
Federation Chairman: Sector III, Salt Lake City
Dr Michael Schulte Strathaus Kolkata 700 106,India
Managing Director: Phone +91 33-4060 2364
Joachim Schmid E-Mail info@vdmaindia.org
Internet www.vdma.org / mining
 2.12 Vedanta’s mined zinc production in India rises 4%...................................................... 10
3 NEWS OF THE MONTH ..................................................................... 10
3.1 Mining equipment industry may grow by 15-20% in 2021............................................ 10
4 INDIAN MINING COMPANY PROFILE ............................................... 11
5 PROJECT INFORMATION.................................................................. 12
6 SEMINARS & EXHIBITIONS............................................................... 13
7 MARKET STUDY “AN OVERVIEW OF COAL MINING SECTOR IN
INDIA” ................................................................................................. 13
8 ACTIVITIES & SERVICES OF THE VDMA INDIA OFFICE ................. 14

Please Note:
1 crore : 10 000 000
1 lakh : 100 000
1 EURO : 85 Rupees

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1 MAIN NEWS
1.1 Hindustan Zinc signs EV deal with Epiroc
Hindustan Zinc and Epiroc signed a Memorandum of Understanding (MOU) that said Hindustan
Zinc would in future allow a fleet of highly efficient electric powered equipment. Neither
companies gave a timescale on the vehicle deployment.
The future is electric, and technologies such as these will be at the forefront of smart operations.
The MOU was line with its emissions reduction sustainability goals for 2025.
Last July, Epiroc reached a Battery as a Service deal with Vale that included delivery of 10
battery electric vehicles. Those machines, including four Scooptrap ST14 loaders, two Boomer
M2C development drills, two Boltec MC bolting rigs and two Minetruck MT42 trucks, were
delivered to two Canadian sites.
Epiroc plans to electrify all of its underground mining vehicles within the next five years.
Hindustan Zinc is a subsidiary of Vedanta Ltd, which is in turn controlled by Vedanta Resources.

1.2 Coal mining norms to be eased further

India seeks to further liberalize its coal mining regime to ensure greater participation of all
stakeholders, by allowing bidders to submit preferences for future mine auctions.
Besides, as part of the Centre’s plan to usher in structural reforms in the coal sector, state-run
Coal India Ltd is looking to merge e-auction windows to move toward a ‘one price for one coal
grade’ system. Coal and mines ministry announced the proposed initiatives at the launch of the
second tranche of commercial coal mine auctions.
The moves assume significance considering that India has the world’s fourth largest reserves
and is the second-largest producer of coal. With global shift to green energy to address growing
environmental concerns, the Indian government is trying to harness coal reserves within the
next three decades.
The so-called ‘rolling auction’ mechanism announced by the minister will ensure that coal blocks
are always available for auction. The initiative comes at a time when the global window for
future coal mining is getting shorter.
India’s coal requirement is expected to go up to 1,123 mt by 2023 from the present level of 700
mt.
With rolling auctions, the ministry will upload a comprehensive list of mines along with key
technical data and bidders can submit their preferences for the mines to be included in the next
tranche of auction. This would be a continuous process and would result in expediting the
auction setup. Moreover, it will also help bidders in planning better and would further enhance
transparency in the system.
India listed 67 mines in Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra and
Andhra Pradesh for the second tranche of commercial coal mine auctions. This is the highest
number of mines on offer in a particular tranche of auctions after the commencement of the
auction regime since 2014.
The two-stage auction process allows bidders to quote the %age revenue share over the
reserve price. Besides there will be no restriction on the sale and utilization of coal from the
mines. Earlier, blocks were allocated to companies on payment of fixed amounts per tonne.

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1.3 Investments in coal mines across Talabira
Currently, India has around 40 coal-fired power plant projects under construction including a
combined investment of a whopping USD 40.2 billion accounting for 61 GW of capacity. Fuelling
the initiative of self-reliant India, numerous private players are managing coal mines across
states like Chhattisgarh, Odisha and regions like Raigarh, Talabira. Adani, Vedanta to name a
few.
Recent policy changes in the mining sector are viewed as a major inflexion point by analysts
bullish about the Indian growth story. Recently, the government introduced a bill in Rajya Sabha
for amending the Mines and Mineral (Development and Regulation) Act, which will allow private
players with enhanced technology to participate in mining activities and also generate
employment opportunities. Several leading private players have already started their operations
across the coal mines in regions like Batsara, Kathautia, Radhikapur and Talabira. Adani Group,
Hindalco Industries and Vedanta, to name a few.
According to the latest report by Fitch Solutions, coal-fired power plants will be steering
infrastructure investment in the country’s power sector in the upcoming decade. Presently, there
are 40 coal-fired power plants in India which are under construction and involve more than USD
40 billion of combined investment for 61 GW of capacity.
Additionally, the country is planning around 73 coal-fired power plant projects that are expected
to involve a whopping investment worth more than USD 80 billion which will add up to 124 GW
of capacity.
In India the electricity generated from coal-fired power will increase to 1,691 TWh in 2030. It will
be the largest expansion of coal-fired power generation across the globe. Thermal power
capacity is also assumed to witness a net growth of 116.7 GW over the same time span, and
will be increased to 350.9 GW in 2030 from 234.2 GW in 2020.
Over the decades, the coal industry has evolved significantly. With the recent reforms, the
government is preparing a robust framework to enhance productivity and reduce the
environmental impact along with a major focus on ensuring sustainability in the mining
operations.
1.4 Coal India firms up domestic coal evacuation plan
In a bid to give a fillip to the Centre’s Aatmanirbhar Bharat programme, Coal India (CIL) has
drafted plans to ramp up domestic coal evacuation facilities at a cost of € 4705.88 million (Rs
40,000 crore). The miner will execute 35 projects to improve first-mile connectivity and coal
handling plants as well as create more rail lines and sidings.
Coal handling capacity of these 35 projects is estimated to be close to 405 mtpa by FY24. Each
of the mining projects would have production capacity of 4 mtpa and above.
As of now, three of the projects have already been commissioned. Of the remaining 32 projects,
29 have been awarded and are at various stages of construction. Tenders were opened for the
remaining three and are under scrutiny.
In June last year, the finance minister — under the Aatmanirbhar Bharat Abhiyan package of Rs
20 trillion — allocated € 5882.35 million (Rs 50,000 crore) for creating coal evacuation
infrastructure. It included € 2117.65 million (Rs 18,000 crore) for mechanised coal transport.
The move was in line with the Centre’s efforts to bring down coal imports.
Under phase-I of the first-mile connectivity or transport of coal from mine’s end to dispatch
points, CIL will increase rail connectivity projects to 24. They are 11 currently. These points
would also have coal handling plants at mines with rapid loading systems.

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In the second phase, CIL will set up 14 more first-mile connectivity projects. Mahanadi
Coalfields, one of the subsidiaries of CIL, inaugurated its 10th railway siding at Talcher
Coalfields in Odisha.The company will enhance the deptach capacity of the mine to 4 mtpa.
CIL is constructing 21 greenfield and brownfield railway sidings in four of our subsidiaries in
addition to 132 operational sidings for dispatching coal to consumers. The company is also
funding construction of 12 rail line projects. The dovetailing of existing and new rail sidings with
a rapid loading system will help improve loading quantity in future.
CIL is currently increasing the capacity of two key rail lines — Jharsuguda-Sardega in Odisha
and Tori-Shivpur in Jharkhand. Along with this, it is also planning to construct the Shivpur-
Kathautia rail link through a joint venture for transporting coal through the Kathautia-Koderma
circuit in Jharkhand.
A Sardega-Pelma line of about 30 kms is proposed to be constructed through a new rail joint
venture. This will enhance integrated coal evacuation arrangements for both Mand-Raigarh and
Basundhara coalfields in Odisha.
1.5 Coal India records all time high capex
CIL’s capital expenditure (capex) grew more than two-folds to hit an all-time high of € 1542.94
million (Rs 13,115 crore) in the just concluded fiscal. CIL's original sanctioned capex budget
was € 1176.47 million (Rs 10,000 crore) for FY'21.
This comes at a time when the Centre had advised CPSEs of the country to scale up their
expenditure to boost the economy.
The entire capital expenditure was funded through internal resources. The capex included
procurement of heavy earth moving machinery at € 406.23 million (Rs 3,453 crore) followed by
land at € 290.59 million (Rs 2,470 crore).
Capex in joint ventures, in proportion to CIL's shareholding, like Talcher Fertilizers Ltd and
Hindustan Urvarak & Rasayan Limited accounted for € 258.12 million (Rs 2,194 crore). CIL's
coal evacuation initiatives which include setting up coal handling plants, silos and constructing
sidings accounted for € 164.47 million (Rs 1,398 crore). Construction of rail corridors and
railway lines summed up € 137.18 million (Rs 1,166 crore), while the rest was made up by
different other heads.

1.6 CIL’s additional supply reduces coal imports

State-owned CIL provided additional coal supply in the country during 2020-21, which prompted
customers to opt 90 mt of domestic coal instead of importing it from abroad.
At the end of COVID-19-hit 2020-21, Coal India Ltd's (CIL) silver lining, amid output and offtake
challenges, came in the form of curbing coal imports to the tune of 90 mt. Also, beating the
previous estimates, the state-owned coal major booked an all-time high of 124 MT in its e-
auctions.
Sustaining its growth trajectory throughout the fiscal, over burden removal (OBR) logged 17 %
growth easing the way for faster future production. OB is the extraneous material that overlays
the coal seam, removal (OBR) of which makes the dry fuel's production easier.
The company opened a new window exclusively for coal importers in October last year. CIL
allowed its subsidiaries to sign memorandum of understandings (MoUs) with 17 power plants
linked to them to substitute their imports with its own coal, for blending.
CIL produced 596.2 MT of coal ending 2020-21 against 602.1 MT produced in 2019-20, while
the offtake was 573.8 MT compared to 581.4 MT.

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1.7 NALCO gets mining lease for Utkal E-coal block
National Aluminium Company Limited (NALCO), the Navratna CPSE, and leading producer of
alumina and aluminium in the country has been granted the mining lease of Utkal-E coal block.
The lease has been granted by the Department of Steel & Mines, Government of Odisha. As
per the notification, the mining lease of Utkal-E coal block is over an area of 523.73 Ha in
villages Nandichhod, Gopinathpur Jungle, Kundajhari Jungle, Kosala & Korada under
Chendipada Tahasil of Angul District. The initial capacity of Utkal-E coal block is 2 mtpa with a
total mineable reserve of approx. 70 mt.
Worth mentioning that NALCO has already executed the mining lease for the Utkal D Coal block
in March 2021. With the grant of Utkal D & E coal blocks, the total mineable coal reserve of the
Company will be 175 mt, which will be pivotal in meeting the coal requirement of its Captive
Power Plant at Angul, Odisha.
It may be noted that initially NALCO will be able to produce 4 mt coal per year from the
operation of Utkal-D & E coal blocks. The lease for Utkal-D & E Coal block has been granted to
NALCO for a period of 30 years.
1.8 JSW Steel acquires Welspun Steel
JSW Steel has entered into agreement to acquire the high-grade steel plates and coil business
of Welspun Group for € 99.76 million (Rs. 848 crore).
JSW Steel has started production of additional 5 mtpa steel at its Dolvi plant in Maharashtra.
The expansion at Dolvi has increased the company's steelmaking capacity to 23 mtpa.
JSW has invested € 1764.71 million (Rs. 15,000 crore) in doubling the capacity along with 1.5
mtpa coke oven plant. The supporting facilities are to be commissioned progressively in coming
days.
Non-availability of required manpower and material due to the lockdown announced by the
government and its subsequent extensions had hit execution of the project. Further, non-
availability of foreign experts from technology and equipment suppliers due to international
travel restrictions also impacted the commissioning schedule.
1.9 JSW Steel eyes Neelachal Ispat
After completing the acquisition of Bhushan Power & Steel under the insolvency law, Sajjan
Jindal-controlled JSW Steel, has thrown its hat in the ring for Neelachal Ispat Nigam Ltd (NINL).
The company has submitted an expression of interest (EOI) for NINL. NINL is jointly owned by
Central and state PSUs with MMTC, IPICOL, NMDC, OMC, as major shareholders. The
government had invited EOI for disinvestment of 93.71 % stake in NINL to a strategic buyer, to
be identified through a two-stage auction procedure.
A long steel products unit, NINL has a 1.1 mt capacity and produces pig iron and billets. JSW
Steel apart, major steel companies like Tata Steel, AM/NS India and Vedanta-owned ESL Steel
are also expected to participate in the disinvestment programme of NINL.
Having bagged BPSL, the strategy now is to enhance its downstream capabilities and JSW is
on the lookout for downstream and smaller steel companies; NINL fits into that strategy. Also,
NINL’s facility is located in the Kaliganagar Industrial Complex in Duburi, Odisha, and JSW just
set foot in the state with BPSL, which has its main plant in Jharsuguda, Odisha.
The greenfield project, however, is most likely to be taken up after the completion of brownfield
projects. In the offing, is the five-mt expansion at Dolvi (Maharashtra). That would take JSW’s
capacity to 26.5 mt.

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1.10 Shyam Steel to invest to raise production capacity
Shyam Steel Industries Ltd is looking to ramp up production capacity through brownfield
expansion at an estimated investment of € 70.59 million (Rs. 600 crore). The company, which
has capacity to produce close to six lakh tonne of TMT bars annually, plans to increase it to nine
lakh tonne over the next 18-24 months.
The investment of € 70.59 million (Rs. 600 crore) would be utilised for both backward and
forward integration. While € 47.06 million (Rs 400 crore) would be invested for backward
integration for ramping up sponge iron production and captive power, the remaining € 23.53
million (Rs. 200 crore) would go towards increasing TMT production. Part of it would be funded
through internal accruals and part of it through debt.
The company is also looking to add another six lakh tonne capacity through inorganic route by
bidding for assets under IBC through NCLT. The assets for which the company has placed bids
are primarily in Odisha and Jharkhand.
1.11 Hindalco to resume on-hold projects, plans investments
The Aditya Birla Group subsidiary, Hindalco Industries intends to commence all the projects
there that were put on hold due to the Covid-19 pandemic and also plans to invest around €
317.65 million (Rs. 2700 crore) in the current fiscal against € 188.24 million (Rs 1,600 crore) in
FY’21.
The world’s largest aluminium rolling company had slashed the proposed Capex from € 294.12
million (Rs 2,500 crore) in June’20 due to Covid-19 and ceased the downstream project in
Western Odisha’s Hirakud. The organization also reduced the pace on the 34,000-tonne
aluminium extrusion plant at Silvassa with an investment of € 85.88 million (Rs 730 crore).
The demand for aluminium has surpassed the pre-Covid levels and the company is confident
that revival in demand will sustain in coming days despite the concern of the third wave of
Covid. Despite the local Covid restrictions, aluminium demand has been strong from packaging,
building and construction while sales to the automobile sector have slowed down since April.
1.12 Vedanta Aluminium to invest in current fiscal
Vedanta Aluminium has set a capital expenditure target of €300 million for the current fiscal.
The expansion will be at the company’s Lanjigarh alumina refinery, subject to government
approvals, the majority of our projects should be completed over the next 2-3 years.
India’s largest aluminium producer, Vedanta delivered 1.96 mt in 2020-21, while the
organisation targets to boost its annual aluminium production capacity to 3 mt.
The production of aluminium demands double the amount of alumina as its raw materials. On
the ground to increase the production of aluminium, Vedanta is raising the annual capacity of
the Lanjigarh refinery to 5 mt from 2 mt.
Vedanta’s Lanjigarh alumina refinery and the flagship Jharsuguda aluminium smelter are
located in Odisha, India.
1.13 Vedanta plans to set up copper smelter unit in coastal region
Vedanta Group is looking to set up a new copper smelter plant in the coastal region of the
country at a cost of around € 1176.47 million (Rs 10,000 crore). Vedanta Ltd, a subsidiary of
Vedanta Resources, has called for expressions of interest (EoIs) from state governments for
setting up a copper smelter unit in a coastal region.

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India’s copper requirements are set to grow exponentially in the coming years. Having ample
supplies of copper is critical to ensuring successful implementation of new-gen technologies
such as electric vehicles and clean energy.
The proposed copper smelter plant will have a capacity of 500,000 tonnes per annum. It would
require around 1,000 acres near a port along with logistics connectivity to handle 5 mtpa of
material movement.
According to the EoI, this mega project has investment potential of € 1176.47 million (Rs 10,000
crore) and will provide direct and indirect employment to 10,000 people.

2 SNIPPETS
2.1 Pandemic impacts offtake from CIL mines
Offtake from Coal India Ltd (CIL) fell more than a fifth in April as the second wave of the
pandemic left several contract workers battling the deadly infection. The fuel offtake from India’s
largest coal miner fell to 54.13 mt last month as against a target of 68.89 mt.
This dip in offtake has led the coal ministry to closely monitor the situation to ensure availability
of the fossil fuel at thermal plants across the country given coal is the mainstay of India’s power
generation mix.
On the back of a 99.33 MTs coal stock, at the beginning of the fiscal, CIL is geared up to meet
any demand spurt from power sector.
2.2 Covid19 forces India to delay coal block auctions
India has delayed the scheduled auction of coal blocks for commercial mining following a sharp
increase in Covid-19 cases in the country.
The federal coal ministry has issued a revised schedule for the auctions, with final bidding
process listed for 26 July-11 August. The final or financial bidding was earlier scheduled to be
held between 28 June-28 July. The surge in coronavirus cases is weighing on the response
from the industry to the auction round launched in March. The ministry aims for the revised
schedule to give some more time to prospective bidders to evaluate their plans.
2.3 CIL’s coal allocation under power sector drops in April
State-owned CIL's coal allocation under special forward e-auction for the power sector dropped
27.9 % to 2.19 mt last month. Coal India Ltd (CIL) had allocated 3.04 MT of coal in April last
year. However, the coal allocation by the PSU under the scheme had increased to 39.33 MT in
FY'21 from 27.12 MT in FY'20.
Coal distribution through forward e-auction is aimed at providing access to coal for such
consumers who wish to have an assured supply over a long period, say one year, through e-
auction mode so as to plan their operation.
2.4 NLC India adds over 500 MW of generation capacity in FY21
NLC India, a central public sector mining and power utility, has added more than 500 MW of
capacity during FY21.
With the addition of the lignite-based thermal power capacity and 17.5 MW of solar with battery
energy storage, the total installed power generating capacity of NLCIL and its subsidiaries has
increased to 6,061.06 MW, according to a statement.
In FY21, the company also entered into coal mining by commencing coal production at its 20-
mtpa Talabira Mines in Odisha. With this, the total mining capacity of the NLC India has
increased to 50.60 mtpa. The mine also surpassed its first-year target of 0.937 mtpa and
achieved actual coal production of 1.013 mtpa.

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2.5 CCL records 112% jump in production
Coal India arm Central Coalfields Ltd (CCL) has recorded 112 % increase in production at 4.84
mt in April. The Jharkhand-based subsidiary had recorded 2.28 mt coal output in April 2020.
As far as coal offtake was concerned, the arm said it recorded a 122 % increase in April 2021 to
6.56 mt against 2.96 mt in the corresponding month of the previous fiscal.
CCL has mining operations in Chatra, Latehar, Ramgarh, Hazaribag, Bokaro, Ranchi, Giridih
and Palamu districts of Jharkhand.
2.6 SCCL shines in April regardless of Covid disruptions
Singareni Collieries Company Limited achieved significant growth in coal production, shipping
and overburden removal in April of this year despite disruptions due to the Covid pandemic.
In April 2021, the state-owned mining company transported 54.43 lakh tons of coal, up 79.11 %
from 30.4 lakh tons in April last year, and coal production was 48.56 lakh tons, an increase of
61.9 % compared to 30 lakh corresponds to tons in April last year.
The Singareni collieries have set a target of 70 mt of coal transport for the 2022 financial year.
Singareni Collieries proposes to add 14 new mines
2.7 EMIL and Adani lead the way under the MDO model
The Mine Developer and Operator (MDO) model will assume greater relevance because of
upcoming projects like EMIL’s Madanpur South mine, Dilip Buildcon’s operations in Rajmahal
Coalfield, Adani coal project in Gare Pelma-III coal block and VPR coal pits, among others.
A Right to Information (RTI) query has revealed that at least 28 coal mines in India are run by
private companies under the Mine Developer and Operator (MDO) model.
Buildcon that won the contract for the Siarmal mine in Odisha. It is for a period of 25 years, with
the overall contract valued at € 4284.59 million (Rs 36,419.07 crore). The first MDO in India was
EMIL, Aditya Birla Group’s mining wing. It became the largest private MDO operator in the
country when it was awarded the Bhubaneshwari open cast project.
Adani Enterprises started its operations in 2013 at the Parsa East-Kente Basan mine in
Chhattisgarh. Although owned by the Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL),
Adani runs the coal project as an MDO. This was the first amongst the four MDO contracts
bagged by the group. Ghidmuri Paturia, Gare Pelma, Talabira and Sulyari coal blocks are other
sites of Adani coal projects.
2.8 Essar steel chosen to develop Kadapa steel plant
The Andhra Pradesh Government has selected Essar Steel as a partner for development of the
proposed 3 mtpa high grade steel Kadapa greenfield plant.
The State government has already signed up with the iron ore mining major NMDC Limited for
supplying about 4.5 mt of ore per annum.
The project with a total outlay of about € 1294.11 million (Rs. 11,000 crore) will generate over
25,000 jobs directly and indirectly. The State has already made necessary arrangement for land
for the Special Purpose Vehicle YSR Steel Corporation.

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2.9 Posco plans to invest to setup plant in Odisha
Posco plans investing € 12 billion in a steel project in Odisha. In February 2017, Posco had
communicated its intention to surrender the 1,880 acre of land handed over to it by Idco saying
that it had no intention to use it urgently.The project ran into rough weather as the overseas
company did not get a firm commitment from the State government to get a captive mines for
the proposed plant following changes in the Mines and Minerals (Development and Regulations)
Act, 1957.
2.10 ArcelorMittal Nippon Steel initiates feasibility study for plant in Odisha
ArcelorMittal Nippon Steel India along with the Odisha government has initiated a feasibility
study for its proposed 12 mtpa integrated steel plant in Kendrapara district of the state. In March
2021, the Gujarat-based ArcelorMittal Nippon Steel India (AM/NS India) had signed a
memorandum of understanding (MoU) with the Odisha government for setting the greenfield
project in Kendrapara with an investment of € 5882.35 million (Rs 50,000 crore).
AMNS India is developing its longer term opportunities for growth and has signed an MoU with
the government of Odisha to explore options for a greenfield integrated steel plant in the
Kendrapara district. The Thakurani iron ore mines, which AMNS India had won in an auction
process in Odisha, is now operating at full 5.5 mtpa capacity
2.11 Adani enters copper business, incorporates new subsidiary
Adani Enterprises announced its entry into the copper business by incorporating a wholly-
owned subsidiary, Kutch Copper (KCL). KCL is incorporated with the object to undertaking
Copper business related activities such as manufacture of copper cathodes and copper rods,
etc.
2.12 Vedanta’s mined zinc production in India rises 4%
Vedanta Ltd production of mined zinc in India rose 4 % to 2,44,000 tonnes in the third quarter of
the ongoing fiscal.
Mined metal production for Q3 FY'21 was 244,000 tonnes, up four % as compared to Q3 FY'20
on account of higher ore production partially offset by slightly lower overall metal grades.
The integrated metal production was 2,35,000 tonnes for Q3 FY21, up 7 % as compared to Q3
FY20. The integrated zinc output was 182,000 tonnes, up 2 % as compared to Q3 FY'20.

3 NEWS OF THE MONTH

3.1 Mining equipment industry may grow by 15-20% in 2021
The mining and construction equipment industry is likely to grow by 15-20 % in the calendar
year 2021 but the economy, in the grip of a pandemic, could throw up sudden negative
surprises.
The first quarter of 2021 is estimated to have reported a strong equipment demand growth of
45-50 %. Following a 10-12 % contraction in CY2020, dragged down primarily by the 39 %
decline in H1 CY2020, the mining and construction equipment (MCE) industry is poised to grow
by 15-20 % in CY2021 (5-10% in FY2022). However, the economy in the grip of a pandemic
could throw up sudden negative surprises, as witnessed in April 2021, when demand was
relatively subdued. While overall equipment demand will be strong in 2021, partly due to the low
base of 2020, volatility in demand is likely, with a strong first quarter, a relatively subdued
second quarter in the grip of the second wave, and the emission related pre-buy pick-up and
post-buy slump in the third and fourth quarter of 2021.

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While the second wave throws up challenges, particularly in the manpower-intensive
construction sector, ICRA expects a better prepared ecosystem, buffered by ample liquidity to
limit stoppage of work, provided the lockdowns are limited to a relatively narrow window and are
more localised, preventing a massive wave of reverse migration.
Support to ICRA’s equipment demand estimates originates from - the GoI (Government of India)
continuing its ‘Build India’ momentum to counter the economic slowdown and the ample liquidity
in the ecosystem. Tailwinds from any pick up in state capex, compared to the pullback in
FY2021, and strong construction activity picking up in other sectors like ports, metros, and
airports, could aid demand.
On the contrary, demand can be hit by the Covid second wave restricting mobility and
equipment utilisation for a prolonged period, which in turn could result in an increase in
delinquencies and lender pull-back and a likely equipment price increase of 5-10% for the
emission norm change.
Dealer checkpoints predict a more subdued 0-5 % volume growth in FY'22 against ICRA’s
expectations of a 5-10 % volume growth. That said, given the current uncertainty in the market,
following the huge surge in COVID-19 cases in the recent weeks, ICRA believes that ground
touch points are heavily clouded by the immediate term. Continuing with the 15-20 % growth
expected in 2021, ICRA expects demand growth to sustain in 2022 and 2023, before declining
in 2024 pre-and post-the general elections during April-May 2024.

4 INDIAN MINING COMPANY PROFILE

Adani Enterprises Ltd.
Focusing on establishing new businesses in the infrastructure and energy sector, Adani
Enterprises Limited (AEL) is an incubator that remains motivated to convert opportunities to
thriving businesses.
Over the past three decades, AEL has broadened its presence across key industries, to emerge
as a market leader. The company is now poised to nurture businesses that address issues of
national importance.
Businesses such as Adani Ports and Special Economic Zone Limited, Adani Power, Adani
Transmission, Adani Green Energy and Adani Gas have been demerged from Adani
Enterprises and/or independently listed on the Indian stock exchanges, to synergise growth and
facilitate nation building endeavours.
Area of Specialization:

• Mining Services

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Financial Details:

Year ended 31.03.2020 Year ended 31.03.2019

Particulars
[In Rs. Crore] [In € Million] [In Rs. Crore] [In € Million]

Total Income 44086.21 5186.613 40950.62 4817.72

Total Expenses 43162.63 5077.956 40424.70 4755.847
Profit / (Loss) Before Tax 1122.33 132.0388 367.94 43.28706
Profit / (Loss) After Tax 798.00 93.88235 223.40 26.28235
Total Non-Current Liabilities 5399.54 635.24 4883.18 574.4918
Total Current Liabilities 23288.88 2739.868 22509.29 2648.152
Total Non-Current Assets 22715.44 2672.405 19408.17 2283.314
Total Current Assets 24182.92 2845.049 23128.01 2720.942

5 PROJECTS INFORMATION
Product Promoter Cost Location Industry
Central Coalfields
Ltd. CCl Darbhanga € 611.53 million
Coal Jharkhand Mining
House Ranchi- (Rs.5198.02
834001 Jharkhand, crore)
India
Tel : (0651)-2360606
Development and operation of Patratu ABC underground project. Central Coalfields has invited
bids for development and operation of Patratu ABC underground project.
The work involves extraction of coal and delivery thereof in accordance with the mining plan for
25 years at Barkasayal area in Ramgarh district of Jharkhand.
Product Promoter Cost Location Industry
Central Coalfields
Ltd. CCl Darbhanga € 604.25 million
Coal Jharkhand Mining
House Ranchi- (Rs.5136.15
834001 Jharkhand, crore)
India
Tel: (0651)-2360606
Expansion of Amrapali opencast coal mine in Chatra district of Jharkhand. The capacity will be
expanded from 14.4 million tpa to 20.16 million tpa in an ML area of 619.87 ha.
The Ministry of Environment, Forest and Climate Change (MoEF&CC) has accorded
environment clearance (EC) to Central Coalfields for expansion of Amrapali opencast coal mine
in Chatra district of Jharkhand.

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6 SEMINARS & EXHBITIONS
Category: International
IME 2021 Priority: Participation
Recommended
IME 2021: Tafcon Projects India Ltd. along with Mining Geological and Metallurgical
Institute of India is organizing the 9th IME 2021 from 26 - 29 October 2021 in Kolkata.
Date 26th to 29th October 2021
Venue Eco Park, Rajarhat, Kolkata
TAFCON Projects (India) Pvt. Ltd.
Organisers 705, New Delhi House
27, Barakhamba Road,
New Delhi, India - 110001
+91-11-49857777
miningexpo@tafcon.com
MINING & MINERALS:
Exhibitor Profile • Conveyor Components
• Bauxite
• Cranes, Preparation
• Copper
• Forklift Trucks
• Diamond
• Hydraulic Excavators
• Iron/Manganese/Chrome Ore
• Locomotives
• Gold / SIlver
• Signaling Equipment
• PGM
• Wagon Tipplers Cranes
• Lead / Zinc
• High Speed Cable Ropeways
• Coal
• Doll Bits
MINING EQUIPMENTS: • Hand Tools
• Aerial Ropeway • Industrial Hoses
• Air Compressors • Equipment
• Buckets • Tunnel Boring Machines
• Conveyor Belting • Walking drag lines
• Train Tipplers

7 MARKET STUDY ‘AN OVERVIEW OF COAL MINING SECTOR IN

INDIA’
A market study on ‘Overview of Coal Mining Sector in India’ has been updated with latest
available figures and information (upto March 2019 basis.)
This report gives a detailed overview of Coal Mining sector in India and would serve as an
important source of information.
Some of the important sections covered:
1. Classification and grading of Indian Coal
2. Detailed profile of Coal Industry including names and contact details
3. Company wise Coal Production figures
4. Technology wise Coal production figures
5. Details about Coal India and its subsidiaries
6. Details about Singareni Collieries Company Ltd (SCCL)

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This report, which can be ordered with us, would be a valuable guide for machinery and
Equipment Manufacturers in Germany to give detailed overview of the Coal Mining Sector in
India and its vast potential.

8 ACTIVITIES & SERVICES OF THE VDMA INDIA OFFICE

• Promotion of sales of members of the Mining Machinery Association, especially exports,
including participation in mining exhibitions.
• Organizing symposia and similar presentations of German mining technology in India.
• Participating in and servicing bilateral programmes, such as those in existence, with
governmental participation between Germany and India.
• Furnishing of information about the complete product programme of the German mining
Machinery industry to assist Indian companies to identify right partners for mutual
business relationship.
• Providing information on market trends, prospects, future development, new projects
and tenders.
Please contact us at:
VDMA Liaison Office
Mr. Rajesh Nath (Managing Director)
Mr. Ajmal Fawad (Regional Manager - North)
GC 36, Sector III, Salt Lake
Kolkata– 700106 / India
Tel.: 0091-33-4060 2364 / 6541 1394
E-mail: info@vdmaindia.org
OR
Mr. K Stöckmann
FV Mining
Tel: 0049 69 66 03 1270, Fax: 0049 69 66 03 1812
Email: klaus.stoeckmann@vdma.org

VDMA India Quarterly Newsletter-German Machinery Industry

The VDMA India office publishes a Quarterly Newsletter-German Machinery Industry. This
Newsletter informs the Indian industry about the development in the German Machinery industry
in various industrial sectors. This Newsletter has a circulation of around 8000 copies in different
industrial divisions. The VDMA member companies have the possibility of giving an
advertisement in this Newsletter at a discounted rate.
For further details, please contact:
Mr. S. Manohar at: s.manohar@vdmaindia.org

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