The Centre\u2019s new regime wherein mines are being allocated via the auction route under a revenue-sharing model has come as a wind of change for the sector. With mines being bagged after quoting hefty premiums, industry players must push digitisation to optimise core processes and cut costs if they are to ensure proper return on investment. Zero pilferage, and proper distribution and end use through digitisation are becoming necessary to boost revenues and protect the bottomline.<\/p>\n
Mining companies like Coal India, Tata Steel Mining, JSW Steel, Hindustan Zinc, and NMDC, among others, are aggressively looking at digitally enabled automation to achieve greater operational efficiency and higher economies of scale and keep up with the newly formulated dynamics of the mining market. Says Ranjan Nayak, chief operating officer, JSW, Orissa mining business, \u201cthe auction mechanism has offered great opportunities to invest and create digital infrastructure in the mining sector. We estimate that automation in mining would be worth $4.6 billion by 2024.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Centre\u2019s new regime wherein mines are being allocated via the auction route under a revenue-sharing model has come as a wind of change for the sector. With mines being bagged after quoting hefty premiums, industry players must push digitisation to optimise core processes and cut costs if they are to ensure proper return on investment. Zero pilferage, and proper distribution and end use through digitisation are becoming necessary to boost revenues and protect the bottomline. Mining companies like Coal India, Tata Steel Mining, JSW Steel, Hindustan Zinc, and NMDC, among others, are aggressively looking at digitally enabled automation to […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-428625","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=428625"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428625\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=428625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=428625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=428625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}