Advantage India
Demand
Growth
* Being the third largest energy consuming country in the world, there is always increased demand for power and electricity in the country, and hence the surge in demand for coal.
* Demand for steel is likely to grow by ~10% as the government’s augmented focus on infrastructural development continues with increased construction of roads, railways, airports, etc.
Attractive
Opportunities
* By becoming Aatmanirbhar in producing speciality steel, India will move up the steel value chain and come at par with advanced steel making countries like Korea and Japan.
* Under PLI Scheme for Specialty Steel, 67 applications from 30 companies have been selected that will attract committed investment of Rs. 42,500 Crore (US$ 5.1 billion) with a downstream capacity addition of 26 million tonne and employment generation potential of 70,000.
Policy
Support
* Enactment of Mines and Minerals (Development and Regulation) Amendment Act, 2021 enabled captive mines owners (other than atomic minerals) to sell up to 50% of their annual mineral (including coal) production in the open market.
Competitive
Advantage
* India holds a fair advantage in cost of production and conversion costs in steel and alumina.
* As of FY22, the number of reporting mines in India were estimated at 1,245, of which reporting mines for metallic minerals were estimated at 525 and non-metallic minerals at 720.
NMDC Ltd
Incorporated in 1958 as a Government of India fully owned public enterprise, NMDC is under the administrative control of the Ministry of Steel, Government of India. Since inception, it has been involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc. NMDC is India's single largest iron ore producer, producing about 32 MT of iron ore from three fully mechanised mines (Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Donimalai Iron Ore Mines). The company has been categorised by the Department of Public Enterprises as "NAVRATNA" Public Sector Enterprise in 2008.
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Hindalco Industries Ltd
Hindalco Industries Limited, metals flagship company of the Aditya Birla Group, is the industry leader in aluminium and copper. Hindalco is the world’s largest aluminium rolling company and one of Asia’s biggest producers of primary aluminium. Its state-of-the-art copper facility comprises a world-class copper smelter and a fertiliser plant along with a captive jetty. The copper smelter is among the world’s largest custom smelters at a single location. Hindalco ranks among the global aluminium majors as an integrated producer and a footprint in 11 countries outside India. Hindalco has been accorded Star Trading House status in India. Its aluminium is accepted for delivery under the High-Grade Aluminium Contract on the London Metal Exchange (LME), while its copper quality is also registered on the LME with Grade A accreditation. In FY 2021-22, Hindalco produced 3,235 MT of alumina.
Read MoreVedanta Limited
Vedanta Limited is one of the world's leading diversified natural resources companies. The company’s main businesses focus on zinc, lead, silver, aluminium, copper, iron ore, oil & gas, and commercial power, while its operations span across India, South Africa, Namibia, Ireland, and Australia. The company holds industry-leading market shares across its core divisions. Vedanta Limited is a Vedanta Group company.
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Coal India
Coal India Limited (CIL) is a state-owned coal mining corporation which came into existence in November 1975. It has been awarded the status of Maharatna company. With its normal production of 79 million tonnes (MT) in the year of its establishment, Coal India Limited is today the world's largest coal producer. CIL circulated through 83 mining areas, seven full-owned coal producer subsidiaries and one mining scheme and consulting company spread across eight provincial states of India. CIL manages 200 other establishments such as workshops, hospitals. In addition, 27 technical and management training institutes and 76 vocational training institutes are also managed by CIL. Indian Institute of Coal Management (IICM), a state-of-the-art management training ‘Centre of Excellence’ is the largest corporate training institute, operated under CIL and conducts multi-disciplinary management development programmes.
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