The global mining equipment market has witnessed significant growth due to expansion of mining industries in emerging countries such as India, China, and others. Furthermore, surge in adoption of mining equipment due to increase in new technologies in the mining sector boosts the growth of the global mining equipment market.
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Coal India Limited (CIL) is one of the worlds biggest coal mining companies and is headquartered in Kolkata, West Bengal, India It's revenue was at Rs 45,797 Cr or billion approximately for the financial year 200809.
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There is significant scope for new mining capacities in iron ore, bauxite, and coal. India has an advantage in the cost of production and in conversion costs of steel and alumina. Sustained growth in India's automotive sector has been driving demand for steel and aluminium.
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