Top 10 Mining & Mineral Products Companies in India 2024

Mining and mineral products companies are key players in the global extractive industry. These companies are responsible for extracting and processing various minerals, such as coal, iron ore, copper, gold, and many others, which are crucial for various industries and applications. This document provides an overview of mining and mineral products companies and their significance in the global economy.

India's mining and mineral products industry is an important component of its economy, providing essential raw materials for various sectors such as infrastructure, manufacturing, and construction. From coal and iron ore to limestone and bauxite, the country is endowed with rich mineral resources, which attract investment and boost growth in the mining sector. In this blog post, we highlight the top 10 mining and mineral products companies in India, each of which is contributing to the country's industrial growth and economic prosperity.

Top Mining & Mineral Products Companies List by Market Capitalisation

We will take a look at the top 10 mining and mineral processing companies in India, based on their performance and contributions to the industry. These companies are at the forefront of innovation and technological advancements, which are driving the growth of the mining sector in the country. Here are the top Mining & Mineral Products companies in India based on various factors such as revenue, market share, and industry reputation:

Also Read: Top 10 Chemical Companies in India 2024

1. Coal India Ltd

• Market Cap: ₹ 303,144.65 Cr.
• Sales (latest quarter): ₹ 37410.39 Cr.
• Net Profit (latest quarter): ₹ 8640.45 Cr.
• Quarterly profit growth: 25.78 %
• Exchange: BSE, NSE
• Official Website: coalindia.in

Coal India Ltd (CIL), established in 1975, is the world's largest coal mining company, responsible for around 83% of India's coal production. Formed through the nationalization of coal mines, CIL has played a pivotal role in fueling India's economic growth by meeting the country's energy needs. In the current market scenario, CIL remains a dominant force in the Indian coal industry, supplying coal to various sectors including power generation, steel, cement, and other industries. The company operates through its subsidiaries spread across different regions of India, each focused on coal mining, exploration, and related activities. CIL's product range includes different grades of coal such as coking coal and non-coking coal, catering to diverse industrial requirements. Despite challenges like environmental concerns, regulatory changes, and competition from alternative energy sources, CIL continues to maintain its market leadership through efficient mining operations, modernization initiatives, and technological advancements. The company also emphasizes sustainable mining practices and environmental conservation. CIL's extensive distribution network and strategic partnerships ensure reliable coal supply to its customers, contributing to India's energy security and economic development. As India's primary coal supplier, CIL remains integral to the nation's energy landscape, driving forward its industrial growth and development agenda.

2. Vedanta Ltd

• Market Cap: ₹ 166,698.14 Cr.
• Sales (latest quarter): ₹ 35509 Cr.
• Net Profit (latest quarter): ₹ 2275 Cr.
• Quarterly profit growth: -36.24 %
• Exchange: BSE, NSE
• Official Website: vedantalimited.com

Vedanta Ltd, founded in 1976 as Sterlite Industries, has evolved into one of India's leading diversified natural resources companies. With a rich historical background, Vedanta has expanded its operations to encompass various sectors including mining, metals, oil and gas, and power generation. In the current market scenario, Vedanta is a major player in the global resources industry, with operations spanning across India, Africa, Australia, and the Middle East. The company's product range includes a variety of metals such as zinc, lead, silver, copper, and aluminum, along with iron ore and oil and gas. Vedanta's diversified portfolio enables it to leverage market opportunities and mitigate risks associated with commodity price fluctuations. Despite challenges such as regulatory hurdles and environmental concerns, Vedanta remains resilient through its focus on operational efficiency, cost optimization, and sustainable practices. The company continuously invests in technology and innovation to enhance productivity and reduce environmental impact. Vedanta's strategic acquisitions and partnerships further strengthen its market position, while its commitment to social responsibility and community development underscores its role as a responsible corporate citizen. As India's largest producer of zinc and silver, Vedanta continues to play a significant role in driving economic growth and development while meeting the world's growing demand for natural resources.

3. NMDC Ltd

• Market Cap: ₹ 75,770.84 Cr.
• Sales (latest quarter): ₹ 6489.31 Cr.
• Net Profit (latest quarter): ₹ 1409.78 Cr.
• Quarterly profit growth: 0.97 %
• Exchange: BSE, NSE
• Official Website: nmdc.co.in

NMDC Ltd, established in 1958, is India's largest iron ore producer and exporter, playing a crucial role in the country's mining sector. Initially formed as a public sector undertaking to explore, exploit, and process various minerals, NMDC has grown significantly over the years. In the current market scenario, NMDC holds a dominant position in the Indian iron ore industry, with extensive mining operations across the country. The company's primary product is iron ore, which is essential for the steel industry and infrastructure development. NMDC produces and sells various grades of iron ore, including fines, lumps, and pellets, catering to both domestic and international markets. The company also engages in exploration, production, and sale of other minerals such as diamond, copper, and gold. NMDC's focus on sustainable mining practices, environmental conservation, and community development initiatives underscores its commitment to responsible mining. Despite challenges such as regulatory changes, market volatility, and environmental concerns, NMDC continues to maintain its market leadership through operational efficiency, technological advancements, and strategic collaborations. The company's strong financial performance, extensive infrastructure, and reliable supply chain ensure its continued growth and contribution to India's economic development. As a key player in the mining sector, NMDC remains integral to India's industrial growth and self-sufficiency in mineral resources.

4. Lloyds Metals & Energy Ltd

• Market Cap: ₹ 36,749.60 Cr.
• Sales (latest quarter): ₹ 1554.29 Cr.
• Net Profit (latest quarter): ₹ 277.06 Cr.
• Quarterly profit growth: 2.98 %
• Exchange: BSE, NSE
• Official Website: lloyds.in

Lloyds Metals & Energy Ltd, established in 1977, has evolved into a significant player in the Indian metal and energy sector. With a history spanning several decades, the company has steadily expanded its operations and diversified its product portfolio. In the current market scenario, Lloyds Metals & Energy Ltd is recognized for its focus on ferroalloys production and power generation. The company specializes in the production of ferroalloys such as ferrochrome, ferromanganese, and silicomanganese, catering to the steel industry's demand for alloying elements. These ferroalloys play a crucial role in enhancing the strength and durability of steel, making them indispensable in various construction and manufacturing applications. Additionally, Lloyds Metals & Energy Ltd is involved in power generation through its captive power plants, providing reliable and sustainable energy solutions to support its manufacturing operations. Despite challenges such as fluctuating raw material prices and market volatility, the company remains resilient through its commitment to operational excellence, innovation, and customer satisfaction. Lloyds Metals & Energy Ltd continues to invest in technology upgrades and capacity expansions to meet the growing demand for ferroalloys and energy products. Its strategic partnerships and strong distribution network further enhance its market presence, ensuring its continued growth and success in the metal and energy sector.

5. KIOCL Ltd

• Market Cap: ₹ 26,294.35 Cr.
• Sales (latest quarter): ₹ 372.19 Cr.
• Net Profit (latest quarter): ₹ -42.91 Cr.
• Quarterly profit growth: -152.2 %
• Exchange: BSE, NSE
• Official Website: kioclltd.in

KIOCL Ltd, formerly known as Kudremukh Iron Ore Company Limited, has a notable historical background dating back to its establishment in 1976. Initially set up to operate the Kudremukh mines in Karnataka, the company played a pivotal role in India's iron ore mining sector. However, due to environmental concerns, the mining operations ceased in 2006, leading KIOCL to transition its focus to other areas of operation. In the current market scenario, KIOCL primarily focuses on iron ore pelletization and beneficiation, contributing to India's steel industry. The company operates a pellet plant in Mangalore, Karnataka, where it processes low-grade iron ore fines into high-quality pellets, which are used as feedstock in blast furnaces for steel production. KIOCL's pellets are renowned for their consistent quality and high iron content, making them preferred by steelmakers domestically and internationally. The company also offers consultancy services in the fields of pelletization, mining, and beneficiation, leveraging its expertise and experience in the iron ore sector. Despite challenges such as volatile iron ore prices and regulatory changes, KIOCL continues to maintain its market presence through its focus on quality, innovation, and customer satisfaction. Its strategic location, efficient operations, and commitment to sustainability ensure its continued relevance and contribution to India's steel industry.

6. Gujarat Mineral Development Corporation Ltd (GMDC) 

• Market Cap: ₹ 12,403.59 Cr.
• Sales (latest quarter): ₹ 750.75 Cr.
• Net Profit (latest quarter): ₹ 207.13 Cr.
• Quarterly profit growth: -53.15 %
• Exchange: BSE, NSE
• Official Website: gmdcltd.com

Gujarat Mineral Development Corporation Ltd (GMDC), established in 1963, has a significant historical background in the Indian mining industry. Founded by the Government of Gujarat, GMDC initially focused on the exploration and development of mineral resources in the state of Gujarat. Over the years, the company has expanded its operations and diversified its product portfolio to include a range of minerals such as lignite, bauxite, fluorspar, manganese, and silica sand. In the current market scenario, GMDC remains a key player in the Indian mineral sector, with a strong presence in lignite mining. The company operates several lignite mines in Gujarat, supplying lignite to various industries including power generation, cement, ceramics, and chemicals. GMDC's lignite is known for its high calorific value and low ash content, making it a preferred fuel for thermal power plants and industrial applications. Additionally, GMDC offers consultancy and exploration services to assist in mineral exploration and development activities. Despite challenges such as regulatory changes and market volatility, GMDC continues to maintain its market leadership through its focus on operational efficiency, technological advancements, and sustainable mining practices. Its strategic partnerships and strong customer relationships further enhance its market presence, ensuring its continued growth and success in the mineral industry.

7. MOIL Ltd

• Market Cap: ₹ 10,775.55 Cr.
• Sales (latest quarter): ₹ 415.88 Cr.
• Net Profit (latest quarter): ₹ 91.15 Cr.
• Quarterly profit growth: 12.6 %
• Exchange: BSE, NSE
• Official Website: moil.nic.in

MOIL Ltd, formerly known as Manganese Ore India Limited, has a significant historical background dating back to its establishment in 1962. Initially formed as a public sector undertaking to explore, exploit, and process manganese ore deposits in India, MOIL has played a crucial role in the country's mining sector. Over the years, the company has expanded its operations and diversified its product portfolio to include various grades of manganese ore, ferroalloys, and other manganese-based products. In the current market scenario, MOIL is a leading player in the Indian manganese industry, with extensive mining operations across the states of Maharashtra and Madhya Pradesh. The company's primary product is manganese ore, which is essential for the production of steel and other alloys. MOIL produces and sells different grades of manganese ore, catering to diverse industrial requirements. Additionally, the company manufactures and markets ferroalloys such as ferromanganese and silicomanganese, which find applications in the steel industry. Despite challenges such as fluctuating commodity prices and regulatory hurdles, MOIL continues to maintain its market leadership through efficient mining operations, technological advancements, and sustainable practices. The company's strong financial performance, extensive infrastructure, and reliable supply chain ensure its continued growth and contribution to India's industrial development.

8. Sandur Manganese & Iron Ores Ltd

• Market Cap: ₹ 8,766.10 Cr.
• Sales (latest quarter): ₹ 551.77 Cr.
• Net Profit (latest quarter): ₹ 162.23 Cr.
• Quarterly profit growth: -6.75 %
• Exchange: BSE, NSE
• Official Website: sandurgroup.com

Sandur Manganese & Iron Ores Ltd (SMIORE) has a significant historical background in India's mining industry, tracing its roots back to 1954. Established in Sandur, Karnataka, the company initially focused on mining and processing manganese and iron ores. Over the years, SMIORE has expanded its operations and diversified its product range to include a variety of minerals and alloys. In the current market scenario, SMIORE remains a key player in the Indian mining sector, particularly in manganese and iron ore production. The company operates mines in the Sandur region of Karnataka, extracting high-quality manganese and iron ores. These ores are essential raw materials for the steel industry, used in the production of steel and other alloys. SMIORE's product portfolio includes different grades of manganese and iron ores, catering to the diverse needs of steelmakers and other industrial consumers. Additionally, the company engages in the production and sale of ferroalloys such as ferromanganese and silicomanganese. Despite challenges such as regulatory changes and market volatility, SMIORE continues to maintain its market leadership through efficient mining practices, technological advancements, and a strong focus on environmental sustainability. The company's commitment to quality, safety, and customer satisfaction ensures its continued growth and success in the mining industry.

9. Orissa Minerals Development Company Ltd

• Market Cap: ₹ 3,944.40 Cr.
• Sales (latest quarter): ₹ 28.28 Cr.
• Net Profit (latest quarter): ₹ 2.32 Cr.
• Quarterly profit growth: 126.1 %
• Exchange: BSE, NSE
• Official Website: birdgroup.co.in/omdc

Orissa Minerals Development Company Ltd (OMDC) has a notable historical background dating back to its inception in 1918. Established as a state-owned mining company in Odisha, India, OMDC initially focused on the exploration, development, and extraction of mineral resources in the region. Over the decades, the company has expanded its operations and diversified its product portfolio to include various minerals such as iron ore, manganese ore, chromite, limestone, dolomite, and graphite. In the current market scenario, OMDC remains a prominent player in the Indian mining sector, particularly in iron ore mining. The company operates mines in the states of Odisha and Jharkhand, extracting high-quality iron ore, which is a vital raw material for the steel industry. OMDC's product range includes different grades of iron ore, catering to the diverse needs of steelmakers and other industrial consumers. Additionally, the company offers consultancy services in mineral exploration, development, and management. Despite challenges such as regulatory changes and market fluctuations, OMDC continues to maintain its market leadership through efficient mining practices, technological advancements, and a strong focus on environmental sustainability. The company's commitment to quality, safety, and customer satisfaction ensures its continued growth and success in the mining industry.

10. Ashapura Minechem Ltd

• Market Cap: ₹ 3,633.38 Cr.
• Sales (latest quarter): ₹ 440.08 Cr.
• Net Profit (latest quarter): ₹ 67.37 Cr.
• Quarterly profit growth: -49.26 %
• Exchange: BSE, NSE
• Official Website: ashapura.com

Ashapura Minechem Ltd, established in 1960, has a significant historical background in the Indian mineral industry. Founded in Gujarat, India, the company initially focused on the mining and processing of bentonite, a versatile clay mineral with various industrial applications. Over the years, Ashapura Minechem has expanded its operations and diversified its product portfolio to include a wide range of industrial minerals and specialty chemicals. In the current market scenario, Ashapura Minechem is a leading player in the global minerals and chemicals industry, with a strong presence in over 50 countries. The company's product range encompasses bentonite, bauxite, kaolin, attapulgite, barites, limestone, talc, and other minerals, serving diverse sectors such as oil and gas, construction, foundry, ceramics, and agriculture. Additionally, Ashapura Minechem offers customized solutions and value-added services to meet the specific requirements of its customers. Despite challenges such as market volatility and regulatory changes, Ashapura Minechem continues to maintain its market leadership through innovation, quality, and a customer-centric approach. The company's focus on sustainable mining practices, environmental conservation, and community development further enhances its market presence. Ashapura Minechem's robust distribution network, strategic partnerships, and commitment to excellence ensure its continued growth and success in the minerals and chemicals industry.

Also Read: Top 10 Refineries Companies in India

Types of Mining Companies

Mining companies can be categorized into different types based on their primary focus and mining operations:

1. Metal Producers: These companies specialize in the extraction and production of base metals such as copper, zinc, nickel, and lead. They play a crucial role in meeting the growing demand for industrial metals in various sectors.
2. Mineral Exploration Companies: These companies focus on exploring and identifying new mineral deposits. They conduct geological surveys, analyze samples, and invest in exploration technologies to prospect for valuable minerals.
3. Diamond Producers: Diamond mining companies specialize in the extraction and processing of diamonds. They operate in regions with abundant diamond deposits and utilize advanced mining and processing techniques to ensure high-quality diamonds.
4. Coal Producers: Coal mining companies extract and process coal, a fossil fuel primarily used to generate electricity. They operate in coal-rich regions and employ various methods, including underground and open-pit mining, to extract the resource.
5. Gold Producers: Gold mining companies focus on extracting gold from ores. They employ various techniques, including underground and open-pit mining, and invest in technology to enhance gold recovery.
6. Iron Ore Producers: Iron ore mining companies extract iron from ore and convert it to pig iron or steel. They operate in regions with abundant iron ore deposits and utilize advanced mining techniques to meet the growing demand for iron and steel.

Conclusion:

India's mining and mineral products companies play an important role in exploiting the country's rich mineral resources and accelerating economic growth in various sectors. From coal and iron ore to aluminum and zinc, these companies play an important role in meeting domestic demand, boosting industrial growth, and contributing to India's global competitiveness. As the country continues to adopt sustainable and responsible mining practices, these companies are poised to play an even bigger role in shaping India's mining landscape and supporting its industrial aspirations.