The process of mining is referred as the extraction of valuable minerals or other useful components for variety of needs. In India, ores are recovered by mining and contain the metals, coal, oil etc. as well as other vulnerable resources. In the country, mining of stone and metal has been carried out since pre-historic times and has continued to do so in present time as well.
In India, out of total electricity production, 70% of it is thermal and that suggests that it originates from burning coal. Coal is a basic mineral that is extracted from the earth because it is a type of fossil fuel.
Thermal power generating company in India requires many tons of coal and other fossil fuels every day that are being mined to manufacture sufficient electricity that can power our factories, homes, and railways. Are you looking for best and largest mining companies in India for mineral requirements? Well, you can get complete information about this below:
List of top 10 Largest Mining Companies in India 2017-2018
10. Bharat Aluminium Co. Ltd:
The company was started in the year 1965 and the Government of India used to be the holder of it. Initially, it was formed as a government organization and then after its control was accepted by Vedanta resource in year 2001. The company abbreviated as BALCO, known to be engaged in the manufacture of aluminium alloys as well as special aluminium for transmission lines and missiles. In year 2001, the Indian government made it confirm to sell the 51 percent of the share of company to the Sterlite Industries Limited.
This is regarded as a mining firm which strictly follows the mining guidelines within India, citing it to be a good example for all the other mining companies. The company is acclaimed for producing high quality mined aluminium and it is first companies among the public sector in India to have aluminium production. The company developed special aluminium alloys for “Intermediate Range Ballistic Missile” – Agni as well as “Surface Missile”, adding to its popularity.
9. Kudremukh Iron Ore Company Limited:
Kudremukh Iron Ore Company Limited is a renowned Government of India enterprise, founded in year 1976 with its head office located in Bangalore. The company excels in main products like Iron ore concentrates and iron oxide pellets with annual production capacity of 7.5 million tonnes. Kudremukh Iron Ore Company Ltd possesses revenue of INR 3.637 billion in 2006-07 period which was noted high compared to other competitor companies. The mining company owns large iron ore mines in Kudremukh as well as a pelletisation plant in Mangalore. Since many decades, the company is active in mineral exploration; mine and iron ore concentrate occupation.
8. Parrys Sugar:
Parrys Sugar is one of the big mining companies in the country, known as a private company that was started in year 1788 in Chennai. It is known that although founders were British, the company was founded in India itself and A Vellayan is the chairman of it. The revenue of Parrys Sugar Company is approximately Rs. 670 crore and owns around 2000 employees. Parrys Sugar mining company is headquartered in Chennai and it is spanned in Karnataka also. The major product of the company is Sugar production and other bio products as well.
7. Gujarat Mineral Development Corporation:
Gujarat Mineral Development Corporation Limited (GMDC) is referred as a major minerals and lignite mining company of India. The company gained its popularity right from year 1963 when Government of Gujarat owned it. Its headquarters is located at Ahmedabad and fundamental products include energy minerals like base metals, lignite, and industrial minerals like bauxite and flourspar.
Since last five decades of its establishment, the company has been offering excellent services to the customers as well as high quality mines like bauxite, fluorspar, and lignite. When it was established, this company has only a small plant designed for silica sand crushing, but after several years it has continued to develop into a big-time mining firm in the country.
6. Hindustan Copper Limited:
Hindustan Copper Ltd. is the one and only vertically integrated copper producer, recognized as well-known Government-owned Corporation. Prime activities of this company are mining, smelting, beatification, refining and continuous cast rod manufacturer. When it was started in year 1967, their initial work was to run plants and mining mines at Khetri, located at Kolihan in Rajasthan. This is an ISO 9002 certified mining company, and it is acknowledged in mining top quality natural resources like selenium, silver, tellurium, gold, and nickel sulphate.
5. National Aluminium Company limited:
National Aluminium Company Limited is one of the largest mining companies of India typically abbreviated as NALCO. It is incorporated in year 1981 and runs as a public sector undertakings, dealing with areas like mining, metals, thermal power station etc. The mining company became famous when it initiated producing large amounts of aluminium and mined bauxite. Furthermore, it is an ISO 9001:2000 certified company that continuously involves in producing high quality mines. The company is an awardee for the Indira Priyadarshini Vrikshamitra Award owing to its prime contribution in the wasteland development and afforestation.
4. Rajasthan State Mines and Minerals Limited:
Rajasthan State Mines & Minerals Limited (abbreviated as RSMML) is one of the well-known public sector initiatives of the Government of Rajasthan. Major activities of this mining company are mining and promotion of industrial minerals in state of Rajasthan. The main goal of the company is to achieve cost effective technological inventions in the mining of minerals. Right from year 1974, the Government of India has been actively managing this mining company. This is also one of the reasons why it turns out to be one of the effective mining companies in India today. It also excels in mining non-metallic elements, some of its mines are rock phosphate, gypsum, limestone, and lignite.
3. Vedanta Resource:
Vedanta Resource is treated as one of the best global diversified metals and mining company apart from being a largest firm in India. The company deals with metals and mining, functioning from Mumbai since year 1976. The founder of this large mining company is Mr Anil Agarwal who has prime objective to serve mineral needs to India. Major products that the company works on are aluminium, copper, lead, zinc, gold, iron ore, pig iron, metallurgical coke and oil and gas exploration.
2. Hindalco Industries:
Hindalco Industries Ltd is a recognized aluminium manufacturing company, known now as the subsidiary of the Aditya Birla Group with its headquarters located at Mumbai, Maharashtra. The company is included in the list as it has great annual sales of US $15 billion and it employs large base of 20,000 employs working in it. Other that its fame in India, it is reputed globally as it is one of the world’s largest aluminium rolling companies and biggest producers of aluminium in Asia. Since year 1958, the company is known to be a prominent mining firm in India with its consistent performance.
1. National Mineral Development Corporation (NMDC):
The NMDC National Mineral Development Corporation (NMDC) is an eminent State-owned enterprise Public company functioning since year 1958. Basic products of the company are Iron ore, rock phosphate, copper, dolomite, lime stone, gypsum, magnesite, bentonite, diamond, tin, graphite, tungsten, and beach sands. The main office is situated in the city of Hyderabad and it is owned by the Indian government, since year 1958. This company is placed as number one mining company in the country because of its large iron ore production. The company has 5 production plants situated in the major states in India like Madhya Pradesh, Karnataka, and Chhattisgarh.
As the mineral requirement is prime need of India, this company continues to develop and excel as best firms in India. Listed companies are not new in the markets as it has been decades since its operation and so there is no doubt in quality of mineral products it serve.