Leadership: We Communicate Your Thoughts
Leadership: We Communicate Your Thoughts
O.P. Singh, CMD, Mahanadi Coalfield
India is the second largest coal producer in the world and the eighth largest importer. Coal India announced its April-June quarter results for the financial year 2021-22 reporting a net profit of Rs.3,170 crores on a consolidated basis, compared to Rs.2,079 crores in the corresponding period last year according to the latest reports. The state owned coal mining and refining company's net profit increased 52 percent year on year mostly driven by revenue and operating income.This makes coal mining one of the most important business activities that significantly contribute to the GDP of the country. Over the years, the Indian coal mining industry has evolved and is undergoing one of the evolutionary phases with the increase in demands and superior technology. Mahanadi Coalfields has been in this domain since 1973 and has been a witness to the changes that have taken place in this sector. The CEO Insights magazine engaged in a conversation with O.P Singh, Chairman & Managing Director to know more about the company and the experiences he has had while building it.
A Mine of Opportunities
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As of 2021, India is home to around 1,229 reporting mines. While 545 of these are reporting mines for metallic minerals, the rest, about 684, are mining non-metallic minerals. India also has around 914 steel plants producing crude steel. In FY21, the
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Top 10 Leaders in Mining & Metals - 2022
Every time you warm yourself in front of a hot coal stove, remember the coal miners in the cold dark corridors and pray for them!", said by Mehmet Muratildan. Therefore, a society must create lots of sunshine for its miners as they need the sun most! And 'to be remembered, to be respected' is a good sunshine; 'safety in the mine' is a good sunshine! Though, Working in the tea fields under a beautiful sunshine is the dream of all the miners.
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 holds a fair advantage in production and conversion costs in steel and alumina. Its strategic location enables export opportunities to develop as well as fast developing Asian markets. As of FY21, the number of reporting mines in India were estimated at 1,229, of which reporting mines for metallic minerals were estimated at 545 and non-metallic minerals at 684.
The Metals and Mining sector in India is expected to witness a major reform in the next few years, owing to reforms such as Make in India Campaign, Smart Cities, Rural Electrification, and a focus on building renewable energy projects under the National Electricity Policy as well as the rise in infrastructure development. India’s coal production increased by 6.13 percent to 79.60 million tonnes from 75 million tonnes (MT) during Jan 2022 as compared to the same month 2020.
With the launch of the National Mineral Policy 2019 and the Mines and Minerals (Development and Regulation) Amendment Act 2021, India presents a major opportunity for investors looking to invest in the metal industry in India. With the stated importance of mining and metals, in this issue of the CEO Insights magazine, a list of ‘Top 10 Leaders in Mining & Metals - 2022’, is presented to the readers for realizing the growth of the sector by the topnotch personalities. The listing is prepared by a team of industry veterans, CEOs, VCs, and our editorial board. The CEO Insights team hopes to deliver encouraging and motivating stories to the readers.
Our subscribers play a decisive role in finalization of our annual list of "Top 10 Leaders in Mining & Metals - 2022" by nominating those which have served them with excellence and are praiseworthy. If you feel there is a company that deserves to be on our annual list, do write to us about them mentioning their value proposition.
| Company Logo | Company Management | Company Name | Company Description |
|---|---|---|---|
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Anil Goyal,Director | Baba group | He took charge to diversify into production of minerals powder. He gave a resounding start to his maiden venture by creating a brand associated with the company’s philosophy of quality & trust |
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Ankit Goyal, Director | Friends Steel Group | With 13 years of experience, he is also a director at NKG Infrastructure as well |
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Ashish Anupam,Chairman | The Indian Steel & Wire Product | He not only concentrate on chairing the Business Council of Global Wires India, he also oversee the Steel Recycling Business in addition to his current responsibilities |
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Danish Chakarwarty,Managing Director | Ferron Tubes | A dynamic entrepreneur, he established his company with the vision to constantly grow within the steel industry and meet the market demands by delivering the best quality products & services that are defined by innovation |
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Manish R. Doshi,CFA | Galena Metals | He has over 10 years of international experience working for Citigroup in New York where most recently he was the Chief Operations Officer of their OTC derivatives business |
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Manoj Bansal,Founder & Managing Director | JMEL Group | With more than three decades of experience, he is specialized in manufacture and supply of various types of Fuel Efficient Furnaces and Energy Conservation System |
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O.P Singh,Chairman & Managing Director | Mahanadi Coalfields | He possess over 32 years of experience in the fields of mine planning, production, management, supervision, direction and control of underground as well as open cast coal mines |
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T.R Raghunandan,Non-Executive Director | Sandurgroup | With more than 26 years of experience in executive, corporate management and policy making positions in state and national government,he is a specialist in formulating policies, decentralization and anti-corruption |
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Usha Jha,Managing Director | MPME Abrasives | A diligent entrepreneur leading the mining and metals industry by consistently providing high quality, timely delivery, and market competitive pricing and ensuring the highest customer satisfaction |
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V. K. Mohan,CEO | Robo Silicon | He is a Multi-faceted professional with expertise in under standing & managing of operational & front line nature of Business |
Other Issues
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