Mining machinery sales to pick up
Two major orders for mining equipment from Tata Steel and Coal India have set a positive trend in mining machinery sales. While Tata Steel has placed order for 46 Komatsu mining equipment, Coal India has issued a letter of award to Belaz for 96 high- capacity dump trucks.
With the mining in the country witnessing growth this year and is expected to continue in the coming years after the policy revival, mining companies are seen scaling up their activities. For instance, coal mining has witnessed a major growth this year, according to a report by CARE Ratings. As the report says, “India’s coal production continued to increase year-on-year (y-o-y) for the third straight month ended October 2020. Coal production grew by 13.7 per cent y-o-y to 5