India produces 95 minerals - 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals (including building and other minerals).
Rise in infrastructure development and automotive production are driving growth. Power and cement industries are also aiding growth for the sector. Demand for iron and steel is set to continue given the strong growth expectations for the residential and commercial building industry.
India is the third largest producer of coal. Coal production in the country stood at 730 million tonnes (MT) in FY20 and reached 236 MT in FY21 (till August 2020).
India ranks fourth in terms of iron ore production worldwide, and the production of iron ore in FY20 stood at 206.45 MT. India has ~8% of the world’s iron ore deposits.
India became the world’s second largest crude steel producer in 2019 with production at 111 MT.
Production of aluminium stood at 3.7 MT in FY20. Aluminium export from the country reached US$ 18 million in FY20.
COMPAXED Team have great access to Metals and Mining segment by way of Corporate Advisory Services, M&A Deals, Fundraising Mandates and Management Consulting aspects.