The market size of coal contract mining will grow to Rs 60,000 crore by 2030, said KPMG in a paper on ‘contractors in the coal mining market’. The current market size is Rs 15,000 crore.
The report said the market for Mine Developer and Operators (MDOs) and Active Mine Managers (AMMs) has grown in 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 owners as well as interested new entrants,” said the report, adding while there are 10-15 players in the sector but it has seen a lot of innovation.
