Contract coal mining to grow fourfold by 2030

KOLKATA: KPMG has estimated the contract coal mining sector to grow fourfold to Rs 60,000 crore by 2030 after it touches Rs 36,000 crore 2025.

“The flavour of the season, going forward, is commercial coal mining…However, there is limited attention to the contractors in the coal mining market who shoulder disproportionate volume of activities on the ground. This segment has grown by leaps and bounds over the last two decades. Today, a major part of the composite production of coal and overburden is through outsourced means delivered by various coal mining contractors. However, the understanding of this business is very sketchy, both at the end of mine