Mining the future


  • India is the 2nd largest crude steel producer in the world, with January-November 2021 production at 104.91 MT.
  • Production of Total Finished Steel stood at 111.858 MT showing a growth of 21.3% over the year.
    • India Exported 13.5 MT of Finished Steel amounting to INR one lakh crores during FY’22
    • Over 2030-31, crude steel actual production forecasted to reach 255 MT
    • Per capita finished steel consumption is expected to rise to 160 kg by 2030-31 (from 72.3 kg in 2021)
    • Steel production (weight: 17.92 %) increased by 9.3 % in July 2021 over July 2020
    • Domestic stainless steel demand expected to reach 20 MT by 2047
    • India produced 120 million tonne (MT) of crude steel during financial year 2021.


  • India is home to 1,303 mines which reported mineral production (excluding atomic, fuel, and minor minerals) in 2019-20 and produces 95 minerals – 4 fuel-related, 10 metallic, 23 non-metallic, 3 atomic, and 55 minor minerals.
  • India is the 2nd largest producer of coal, in 2020-21, all India coal production was 716.08 MT.
  • India's total coal production increased by 6.74% to 74.78 MT during December 2021 as compared to the same period in 2019.
  • Coal is projected to remain the largest single source of electricity in India in 2040.
  • Coal India Limited (CIL) Coal dispatch increased 14.62% to 75.05 MT from 65.48 MT during December 2021 as compared to December 2019.

The country’s FDI Policy for the metals and mining sector allows:

  • 100% FDI through automatic route in the steel sector
  • 100% FDI through automatic route in the mining sector
  • 100% FDI for coal and lignite under automatic route

For further details, please refer FDI Policy


  • MT

    Domestic steel production capacity by 2030

  • $ bn

    FDI equity inflows to metallurgical industries and mining (Apr 2000 - Sep 2021)

  • $ mn

    FDI equity inflows to coal production (Apr 2000 - Sep 2021)

Largest sponge iron (DRI) producer

Second largest crude steel and coal producer in the world

Fourth largest iron ore producer in the world

Industry Scenario

With the launch of the National Mineral Policy 2019 and the Mines and Minerals (Development and Regulation) Amendment Act 2021, India presents a major opportunity for investors looking to invest in the metal industry in India.

India has large reserves of Iron ore, Bauxite, Chromium, Manganese ore, Baryte, Rare earth and Mineral salts.

The Metals and Mining sector in India is expected to witness a major reform in the next few years, owing to reforms such as Make in India Campaign, Smart Cities, Rural Electrification, and a focus on building renewable energy projects under the National Electricity Policy as well as the rise in infrastructure development.

The 3rd round of auction have 88 coal blocks offered and the 4th round of auction held in December 2021 offered 99 coal mines, of which 59 are fully explored with 40 partially explored.

*The production level of important minerals in March 2021 were: Coal 960 lakh tonnes, Lignite 52 lakh tonnes, Bauxite 2,103 thousand tonnes, Chromite 601 thousand tonnes, Copper conc 11 thousand tonnes, Iron ore 227 lakh tonnes, Lead conc 41 thousand tonnes, Manganese ore 331 thousand tonnes, Zinc conc 164 thousand tonnes, Limestone 391 lakh tonnes, Phosphorite 124 thousand tonnes, Magnesite 12 thousand tonnes, Gold 148 kg, and Diamond 34 carat.

*The production of important minerals showing positive growth during March 2021 over March 2020 included Manganese Ore (80.1%), Lead conc. (74.9%), Phosphorite (57.0%), Copper conc. (50.2%), Chromite (45.8%), Limestone (45.6%), Magnesite (44.9%), Zinc conc. (43.2%), Bauxite (33.4%),  Lignite (25.3%), Iron ore (13.7%), and Coal (0.2%)

19 coals blocks were auctioned in 2020 for commercial mining. The total expected revenue from these mines is around INR 7,000 cr with a combined peak capacity of 51 MPTA.

India’s coal production increased by 6.13 % to 79.60 Mn Ton from 75 MT during Jan 2022 as compared to the same month 2020.

Recognising the importance of bringing sustainability in coal mining, a “Sustainable Development Cell” has been created in Ministry of Coal and in all coal PSUs to promote adoption of better environment management practices in coal mines.

* provisional



  • Cost advantage

    Cost advantage in steel and alumina production-conversion

  • Rising demand from infrastructure and transportation sectors

    Schemes such as Housing for all by 2022 and expansion of railway network

  • Unexplored mines

    Only 20% of the total reserves of minerals have been mined till now

  • Supportive government policies

    Permission granted to captive mines to sell coal in open market

  • Atmanirbhar Bharat Abhiyan

    Production Linked Incentive scheme in specialty steel sector has been introduced under Atmanirbhar Bharat 3.0 package

  • Single Window Clearance Portal

    A unified platform that facilitates the grant of clearances and approvals required for starting a coal mine in India


Production Linked Incentives (PLI) Scheme

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to introduce the Production-Linked Incentive (PLI) Scheme in Specialty Steel for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat. Application deadline has been extended to 31st May 2022.

  • INR 6,322 cr

    Scheme outlay

Industrial Land Bank Portal

GIS - based map displaying available infrastructure for setting up business operations in the state.

Major Investors

Latest In Metals & Mining

ReportFeb 02, 2022

Economic Survey 2021-22

Read Now


Economic Survey 2021-22


BUDGET 2022-2023


Year-End- Review-2021 Ministry of Steel

Union Minister of Steel visits Mandi…


Inside India's Production Linked Incentive…


Asked Questions

Who grants Mining Leases (ML) and Prospecting License-cum-Mining Lease (PL-cum-ML)?

As per the Mines and Minerals (Development & Regulation) Act (MMDR) Amendment Act 2015, the grant of Mining Leases (ML) and Prospecting License-cum-Mining Lease (PL-cum-ML) happens only through an auction process.

For more information, click here.

Was it helpful?

Who grants mineral concessions in India?

The State Governments grant the mineral concessions for all the minerals located within the boundary of the State, under the provisions of the MMDR Act, 1957, and Mineral Concession Rules (MCR), 1960. Under the provisions of the MMDR Act, 1957 and MCR, 1960, prior approval of the Central Government is required in the several cases.

For more information, click here.


Was it helpful?

Who has the authority to grant mining license?

Mineral Resources Department & respective State Government is empowered to sanction Prospecting License/Mining Lease.

For more information, click here.

Was it helpful?

What are the precautions to be taken for filing applications for obtaining Mineral Concessions?

The application must be filled within the prescribed format as per Mineral Concession Rule 2016. Entries must be complete in all respect and should be supported with documentary evidences as per the Rule.

For more information, click here.

Was it helpful?

What kind of mines does Central Government own?

The Central Government is the owner of the minerals underlying the ocean within the territorial waters or the Exclusive Economic Zone of India.

For more information, click here.

Was it helpful?


Invest India Timeline

NLMK to manufacture CRGO steel in Maharashtra, covering 20% of India's need for the product

NLMK intends to manufacture Cold Rolled Grain Oriented(CRGO) steel with low... Visit Page

Disclaimer: All views and opinions that may be expressed in the posts on this page as well as post emanating from this page are solely of the individual in his/her personal capacity