India's mining industry is a cornerstone of the economy, contributing 2.2-2.5% to GDP. With abundant reserves and robust demand from sectors like steel and power, explore the top mining stocks by market cap.
Technological advancements like digital solutions and government initiatives, including FDI and amendments to mining regulations, are propelling the sector toward innovation and efficiency.
Market Cap: ₹2,56,061.36 Crore Coal India is the world's largest coal producer, meeting 80% of India's coal demand. Headquartered in Kolkata, the company is pivotal to India’s power and steel sectors. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹71,506.78 Crore NMDC Ltd, headquartered in Hyderabad, is India's largest iron ore producer. With a strong presence in steel manufacturing, the company plays a vital role in building infrastructure. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹23,337.64 Crore Based in Bengaluru, KIOCL specializes in iron ore pellet manufacturing and is a pioneer in creating value from low-grade ore. Its export-oriented operations drive significant growth. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹11,645.16 Crore Gujarat Mineral Development Corporation (GMDC) is a state-run entity focusing on lignite and bauxite production. Its eco-friendly mining practices set benchmarks in the sector. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹8,425.82 Crore Located in Karnataka, Sandur Manganese specializes in the production of manganese and iron ores. The company supports India's robust steel production demand. Data as of 10th December 2024. Source – NSE.
– India’s mining sector contributes significantly to GDP and industrial development. – Major stocks like Coal India and NMDC Ltd. are vital to the nation's energy and steel industries. – A promising future with government reforms and technological innovations paving the way. Source – NSE