List of Biggest Mining Companies of India: Mining can be defined as the process of extracting minerals from or below the surface of the earth. Since the dawn of civilization, mining plays a very important role as they supply the lifeblood- the fuel that keeps the cogs turning. In the present, too, the mining companies have become a very important topic in India. Due to the ever-increasing demand for minerals, a number of companies have become the top manufacturer of mining in specific sectors in India.
The country is home to a variety of minerals like copper, limestone, magnesite, diamond, tin, tungsten, etc. These raw materials are very much required in the production of important metal and iron ores that are required for various processes like construction, railway lines, aircraft, household purposes, etc.
The mining companies are a boon to the Indian people. Most of these raw materials are processed and purified in big industries on a large scale. This has become useful to people in different ways. The usefulness of the mining industries are as follows:
- Development– Most of the mining companies are located in rural or village areas. This has led to the development of those places. Many townships are setup which consists of residential housings, hospitals, schools, super-marts, etc.
- Employment– As the companies need to produce materials on a large scale, it involves and requires a large number of people for its existence and working. This can be laborers, workers, staff, employees, employers, managers, technicians, etc.
- Construction– The materials produced by these mining companies are used in the construction of buildings and large residential complexes. They need good iron and steel rods manufactured by these mining companies.
- Aviation and railway industry– These companies help the aircraft and shipping industry in many ways. The aluminum is an essential component required to make the outer body of aircraft. Similarly, the railway lines that connect different cities across India are made of high-quality steel that has the capacity to withstand high temperature and pressure.
- Source of energy: Mined materials are still a majority component of the fossil fuel that is the source of traditional energy. Substances like coal, petroleum, natural gas, and radioactive minerals power most of the country. It keeps the nation’s heart beating.
In this article, we will provide you with a list of the top 10 mining companies in India that are in great demand and produce good quality materials.
10 Biggest Mining Companies in India
Coal India
Headquartered in Kolkata, It is one of the biggest mining companies in India. It contributes to about 82%of coal production in India. Most of the coal is exported abroad and was designated as the ‘Maharatna’ status by the union government of India. It produced 536 million tons of coal in the financial year 2019-20. The current CEO of the company is Pramod Aggarwal, who has immensely helped in the coal operations and delivered excellent quality coal.
- Market Cap (Rs Cr.): 88,342.71
- Book Value (Rs): 20.45
- Face Value (RS): 10
- Turnover (Rs. In Lakhs): Rs 2,03221.12
Profit and Loss:
- MAR 20: 11,280.88
- MAR 19: 10,469.67
- MAR 18: 9,293.42
- MAR 17: 14,499.09
Vedanta Limited
This Company focuses on the production of aluminium, iron ore, and gold. Its operations bases are spread in Goa, Karnataka, Odisha and Rajasthan. It has earned an overall profit of 86,957 crores INR with D P Agarwal as its CEO. It has high capacity chambers and machinery that produces these products on a large scale. Its products have been used for a wide range of construction of airports and bridges.
- Market Cap (Rs Cr.): 31,628,735.05
- Book Value (Rs): 187.89
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: -6,732.00
- MAR 19: 5,075.00
- MAR 18: 7,256.00
- MAR 17: 11,069.00
Natural Mineral Development Corporation
It is one of the most popular Indian public sector mineral producers and is a government of India undertaking company. It is under the supervisory control of the Ministry of steel and is India’s largest producer and exporter of iron ore. It also operates a mechanised diamond mine in Madhya Pradesh and produces more than thirty-five million tons of iron ore from the states of Karnataka and Chhattisgarh every year.
- Market Cap (Rs Cr.): 35,670.55
- Book Value (Rs): 89.93
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): 44,169.58
Profit and Loss:
- MAR 20: 3,610.12
- MAR 19: 4,642.11
- MAR 18: 3,805.88
- MAR 17: 2,589.14
MOIL
It is known as Manganese Ore India Limited and very few people know that it is a state-owned mining company in Nagpur, Maharashtra. It has almost half market share in India and was founded on 22 June 1962. It consists of 10 mines, out of which seven mines are underground mines, and the rest 3 are opencast mines. Balaghat mine is also owned by MOIL and it is counted among the the deepest underground manganese mine in ASIA.
- Market Cap (Rs Cr.): 3,453.12
- Book Value (Rs): 116.44
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 248.17
- MAR 19: 479.27
- MAR 18: 422.01
- MAR 17: 307.61
Gujarat Mineral Development Corporation
It is listed as the major mineral and lignite manufacturing company in India. Its headquarters are located in Ahmedabad, Gujarat. It produces a variety of efficient energy minerals starting from lignite to bauxite and fluorspar. It also owns and runs an Akrimota Thermal Power Station, a lignite based thermal power plant in Kutch.
- Market Cap (Rs Cr.): 1,760.13
- Book Value (Rs): 132.55
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 202.07
- MAR 19: 219.80
- MAR 18: 427.58
- MAR 17: 325.55
Maithan Alloys
It is a publicly listed company under the national stock exchange and has its registered offices in Kolkata, West Bengal. It manufactures a wide range of products like silicon manganese, Ferromanganese, Ferrosilicon, etc. It has its global presence across various countries like Africa, Australia and the Middle East.
- Market Cap (Rs Cr.): 1,638.83
- Book Value (Rs): 446.36
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 222.02
- MAR 19: 255.21
- MAR 18: 291.80
- MAR 17: 179.61
Indian Metals & Ferro Alloys Ltd
It is a Kolkata based company that produces chrome and Ferro based products. It annually produces 275,000 tons of ferrochrome that are exported to various countries like Japan, Korea and Taiwan. Indian Metals And Carbides Limited and IMFA Alloys Finlease Limited are some of its well-known subsidiaries.
- Market Cap (Rs Cr.): 806.61
- Book Value (Rs): 396.07
- Face Value (RS): 10.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: -65.78
- MAR 19: -0.58
- MAR 18: 186.79
- MAR 17: 248.70
Orissa Minerals Development Company Ltd
This Company was first taken into consideration by Birds and company limited and is presently a public sector undertaking company. It is apparently under the advisory control of Department of steel and mines that are recognised by the government of Orissa. It is exclusively recognised for the production of iron ore and manganese ore that is exported to various parts of the country and internationally.
- Market Cap (Rs Cr.): 1,528.29
- Book Value (Rs): 95.13
- Face Value (RS): 1.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: -76.69
- MAR 19: -451.63
- MAR 18: -252.96
- MAR 17: 6.56
AshapuraMinechem Ltd
Founded in 1960, it is a leading multi-mineral solutions company with a wide range of operations in India and foreign countries. They focus on a more eco-friendly way of production of their minerals and focus more on corporate social responsibility. The name of the company means fulfilling the aspirations of the customers and providing the highest quality products.
- Market Cap (Rs Cr.): 721.98
- Book Value (Rs): -0.38
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 374.28
- MAR 19: -339.04
- MAR 18: -73.05
- MAR 17: -36.25
20 Microns
This mining company produces ultra-fine industrial minerals and chemicals that are required on a daily basis across the world. They produce fine, textured and coarse minerals free of impurities that provide the commitment to the quality of their products. They have well-trained geologists and engineers who use the latest updated machines to carry out the best of their work. Their products include industrial minerals, bauxite, quartz, ceramics, paint additives, etc.
- Market Cap (Rs Cr.): 126.15
- Book Value (Rs): 49.14
- Face Value (RS): 5.00
- Turnover (Rs. In Lakhs): N/A
Profit and Loss:
- MAR 20: 24.18
- MAR 19: 25.04
- MAR 18: 18.93
- MAR 17: 15.92
List of Top 10 Mining Companies in India
| Sl. No. | Company | Establishment | Head office | Website |
| 1 | Coal India | 1975 | Kolkata | https://www.coalindia.in/ |
| 2 | Vedanta Limited | 1979 | Mumbai | https://www.vedantalimited.com/ |
| 3 | Natural Mineral Development Corporation | 1958 | Hyderabad | https://www.nmdc.co.in/ |
| 4 | MOIL | 1962 | Nagpur | http://moil.nic.in/ |
| 5 | Gujarat Mineral Development Corporation | 1963 | Ahmedabad | https://www.gmdcltd.com/ |
| 6 | Maithan Alloys | 1985 | Kolkata | https://www.maithanalloys.com/ |
| 7 | Indian Metals & Ferro Alloys Ltd | 1961 | Bhubaneswar | https://www.imfa.in/ |
| 8 | Orissa Minerals Development Company Ltd | 1918 | Kolkata | http://www.birdgroup.co.in/omdc |
| 9 | AshapuraMinechem Ltd | 1982 | Mumbai | https://www.ashapura.com/ |
| 10 | 20 Microns | 1987 | Vadodara | https://www.20microns.com/ |
Also know about:
