India has a vast mining industry due to the abundance of natural mineral resources. Corporations utilize this plenitude of natural resources to establish and run large scale mining companies in India. With China as a major competitor and leading countries in the mining industries such as Australia and Canada, India remains a key player in the global mining market.
The Mining Industry and Top 10 Mining Companies in India
About 2.5% of India’s overall GDP is accounted for by the country’s mining industry, which is predominantly state-owned. One of the world’s top producers of iron ore and bauxite, it generated a revenue of approximately 186 lakh crore INR ($2.6trillion) in the year 2017. India accounts for 12% of the world’s Thorium and 60% of the world’s Mica minerals. Due to their strategic locations across India, the mining industry in India is able to export conveniently to developed as well as rapidly developing Asian countries. It also accounts for 700,000 jobs in India.
List of Top 10 Mining Companies in India
Below is a list of brief information on the top mining companies in India.
One of the top 10 biggest mining companies in India, National Mineral Development Corporation (NMDC) is involved in the act of exploring a plethora of minerals such as iron ore, rock phosphate, graphite, copper, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, and others.
This public enterprise, incorporated in 1958, is fully owned by the Government of India and is controlled by the Ministry of Steel.
Presently, three fully mechanized mines in Donimalai sector, Karnataka and Bailadila sector, Chhattisgarh produces around 30 million tonnes of iron ore, which is supplied to steel manufacturing companies such as Essar Steel, Ispat Industries and Vikram Ispat, along with Visakhapatnam Steel Plant.
Market cap:34,797 Cr INR
Address: Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad – 500028, Andhra Pradesh, India.
Another public sector enterprise established in 1981, by the Government of India under the Ministry of Mines, NALCO is based in Orissa. It is also one of the top 10 mining companies in India, which runs a Bauxite Mine as well as an Alumina Refinery at Damanjodi in Koraput district and an Aluminium Smelter and 1200 MW Captive Power Plant at Angul.
It’s fully mechanized opencast mine has a producing capacity of 6.8 million tonnes of Bauxite per year.
Market cap:8,404.61 Cr INR
Address: Nalco Bhavan, P/1, Nayapalli, Bhubaneswar – 751013, Odisha, India.
Contact information:+91 6742301988
Rajasthan State Mines and Minerals (RSMML) is another state-owned premier public sector enterprise, based in Rajasthan. Its operations include mining of lignite, phosphate, gypsum, and limestone.
Established in 1949, RSMML is primarily involved in the mining of high-grade rock phosphate, which contributes about 98 percent of rock phosphate production in India.
Address:C-89-90,Janpath, Lal Kothi Scheme, Jaipur – 302004, Rajasthan, India.
Vedanta Limited is one of the leading diversified natural resources companies with its foothold across several states in India. It is the largest among zinc mining companies in India with a 79% market share. Along with Zinc, the company also operates in the mining of Copper, Aluminium and Iron Ore.
Established in 1954, Vedanta Limited, formerly known as Sesa Sterlite/Sesa Goa Limited, also operates internationally in South Africa, Namibia, Ireland, and Australia.
Market cap:53,750.66 Cr INR
Address: Vedanta Limited, Core 6, 3rd Floor, Scope Complex, 7 Lodhi Road, New Delhi – 110003, India.
Contact information:+91 1149166100
A state-owned coal mining and refinery company based in Kolkata, which is one of the top 10 coal mining companies in India. It has the status of a Mahratna company being the largest coal-producing company in the world.
Incorporated in 1975, Coal India Limited (CIL) attributes to around 82% of the coal produced in India, with a production capacity of 79 million tonnes per year.
Market cap: 126,428 Cr INR
Address: Coal Bhawan, Premise No-04 MAR, Plot No-AF-III, Action Area-1A, Newtown, Rajarhat, Kolkata – 700156, West Bengal, India.
Contact information:+91 33 71104701/71104109
Established in 1967, as a public sector enterprise under the Ministry of Mines, Government of India, operating PAN India. It is the only vertically integrated copper producing company in the country with a production capacity of 3.8 million tonnes per annum.
Market cap:3,899.79 Cr INR
Address:1Ballygunge Park Rd, Kolkata – 700019, West Bengal, India.
Contact information:+91 33 2283 2226/2529/2952/2871/2032
It is a subsidiary of Vedanta Resources, which has 51% controlling interest of the company while the rest is held by the Government of India. Located across Central India, the company has two bauxite mines and several refining, smelting, and fabrication facilities.
BALCO has a producing capacity of approximately 1.25 million tonnes per year at it’s at BodaiDaldali mine and 7.5 million tonnes per year at its Mainpat mine.
Address: Aluminium Sadan, Core – 6, Scope Office Complex, Lodhi Road, New Delhi – 110003, India.
Started as a Silica Sand quarrying plant in 1963, owned by the Gujarat State Government, GMDC is also involved in lignite mining. It is the largest lignite manufacturer in India with a production capacity of 1 million tonnes per year.
Market cap: 1959 Cr INR
Address: Khanij Bhavan, 132 – Ring Road, Gujarat University Ground, Vastrapur, Ahmedabad – 380052, Gujarat, India.
Contact information:+91 79 27913501/27913200
Established by Aditya Birla Group in 1958, it is a Mumbai based aluminum rolling company, which is the biggest in the world, owing to its acquisition of Canada’s Novelis in 2007.
Owner of one of the world’s largest copper smelters, it also has aluminum smelting operations across India in Bihar, Uttar Pradesh, and Madhya Pradesh.
Market cap: 44,325.61 Cr INR
Address: Hindalco Industries Limited, Birla Centurion, 7th Floor, Pandurang Budhkar Road, Worli, Mumbai – 400030, Maharashtra, India.
Contact information:+91 22 6662 6666/6261 0555
10. Hindustan Zinc
Established in 1966 in New Delhi, as a public sector enterprise from Metal Corporation of India, it is a subsidiary of Vedanta Resources. It is primarily involved in the exploration and production of zinc, silver, and lead.
It has one of the world’s largest zinc mine in Rampura Agucha, Rajasthan, with a production capacity of 6.15 million tonnes per annum.
Market cap: 82.393.72 Cr INR
Address: Yashad Bhawan, Udaipur – 313004, Rajasthan, India.
Contact information:+91 2946604000/02