When we get into the details, we find that October 2023 saw noteworthy production levels for important minerals. 786 lakh tonnes of coal, 35 lakh tonnes of lignite, 25 lakh tonnes of crude oil, 243 lakh tonnes of iron ore, and 362 lakh tonnes of limestone were produced. 3110 million cubic meters of natural gas were produced and utilized. Bauxite (1794 thousand tonnes), chromite (101,000 tonnes), copper concentrate (9,000 tonnes), lead concentrate (32,000 tonnes), manganese ore (223 thousand tonnes), zinc concentrate (143 thousand tonnes), phosphorite (94 thousand tonnes), magnesite (10 thousand tonnes), and gold (116 kilograms) were among the other notable outputs.
The Indian metal industry has had inconsistent profitability in recent years. The industry has experienced significant growth in certain times due to rising production and robust demand from both domestic and foreign markets.
It has also had to contend with issues like trade disputes, fluctuating demand, and less expensive imports.
Metal producers, such as those that make steel and aluminum, have shown both notable increases in net profits and decreases in profit over the course of several quarters. Notwithstanding obstacles, the sector is anticipated to become more profitable due to factors like the improving price of ferrous metals and the growth story of Indian infrastructure.
List of Top 7 Specialty Mining & Metals in India (BSE) based on Net Sales.
| Company Name | Net Sales (Rs. cr) |
| MOIL | 1,341.65 |
| 20 Microns | 597.8 |
| Ashapura Mine | 222.69 |
| South West Pinn | 123.96 |
| Raw Edge Indust | 52.83 |
Source: BSE, India, last updated 28 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Sankaran, A., Krishna, A., & Kunnath, S. (2024). Asymmetric effects of gross capital formation, foreign technology spillover and profit on employment in extractive industry: case evidence from nonmetallic mineral industries in India. Mineral Economics, 1-17.
2. Rajput, A. (2021). The Role of Mining Sector in Indian Economy. Int. J. Innov. Sci. Res. Technol., 6, 213-221.
3. Sahoo, A. K., Sahoo, D., & Sahu, N. C. (2014). Mining export, industrial production and economic growth: A cointegration and causality analysis for India. Resources Policy, 42, 27-34.
4. Ramachandrarao, P. (2002). Sustainable Development: Mining and Metals Sectors.
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