Service Offerings May Contribute 95% Of Voltas' Revenues
Steel Insights|November 2018

Voltas Limited’s Mining & Construction Equipment Division, which changed its business model about a year back, is today offering total service solutions for the entire mining fleet of select customers. Going forward, the company will concentrate on the products it is a dealer for, like the Terex power screens and LeeBoy graders as well as the Belaz heavy duty mining trucks, being its service dealer. Voltas India focuses primarily on the coal and iron ore mining sectors and is targeting a topline of `300 crore in 2 years’ time. Moreover, with the Odisha state government set to re-auction mines in 2020, Sharad Thussu, Vice- President, Voltas Limited, Mining & Construction Equipment Division, tells Madhumita Mookerji, there will be huge demand for equipment for iron ore mining, post-2020. However, he adds, the push from the iron ore mining space will come only from Odisha with moderate growth expected from other iron ore-rich areas like Bellary (in Karnataka) and Goa. Excerpts from an interview:

Madhumita Mookerji
Service Offerings May Contribute 95% Of Voltas' Revenues

Overall, how was the market for the mining equipment industry in 2017? Was there any improvement seen in 2018?

In 2017, the equipment tenders were floated by the public sector coal producers in India in large numbers. Tenders had been floated for these massive Belaz trucks manufactured in Belarus. There were tenders for a lot of rope shovels and hydraulic excavators as well. So, these coal majors have shown their intent very clearly of buying equipment in the last one year. And, I think, the execution of these tenders will happen now. Therefore, 2018 will be primarily a year of purchase and the suppliers will benefit greatly.

Where private mining is concerned, the large-sized equipment are generally not used by the private miners except for maybe a few players. Private mining as such has not started. What is happening is that sub-contracts for overburden removal are being given to subcontractors. That is the role of private mining contractors at present. Except for one player, we have not seen private mining picking up in any of the coal blocks that got cancelled. Private mining is prevalent in the iron ore sector and I think that is going to remain steady and will continue.

To come to Voltas, how was the year gone by?

Bu hikaye Steel Insights dergisinin November 2018 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Steel Insights dergisinin November 2018 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

STEEL INSIGHTS DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Steel's Net Zero mission
Steel Insights

Steel's Net Zero mission

The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.

time-read
10+ dak  |
November 2021
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Steel Insights

Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales

Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.

time-read
5 dak  |
November 2021
Seaborne coking coal offers remain range-bound
Steel Insights

Seaborne coking coal offers remain range-bound

Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.

time-read
3 dak  |
November 2021
Global crude steel output down 8% in September
Steel Insights

Global crude steel output down 8% in September

China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.

time-read
1 min  |
November 2021
MOIL embarks on expansion projects
Steel Insights

MOIL embarks on expansion projects

“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister

time-read
5 dak  |
November 2021
Iron ore handled by major ports down 17% in H1
Steel Insights

Iron ore handled by major ports down 17% in H1

The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.

time-read
1 min  |
November 2021
Shrinking China output to boost India exports
Steel Insights

Shrinking China output to boost India exports

“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd

time-read
4 dak  |
November 2021
Indian Railways' iron-ore handling up 25% in H1
Steel Insights

Indian Railways' iron-ore handling up 25% in H1

Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.

time-read
1 min  |
November 2021
September crude steel production up 7.2% y-o-y
Steel Insights

September crude steel production up 7.2% y-o-y

India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.

time-read
2 dak  |
November 2021
“Five enablers: way forward to sustainable cleaner steel”
Steel Insights

“Five enablers: way forward to sustainable cleaner steel”

Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.

time-read
10+ dak  |
November 2021