Mining equipment manufacturers are innovating to improve operational efficiency and safety as the mining sector experiences growth. Insights from key industry players offer a closer look at the current trends in equipment procurement.

India’s rich mineral endowment has established the mining industry as a cornerstone of the nation’s economy. As a crucial subsector, the mining equipment industry supports this growth. In FY24, India’s mining sector demonstrated notable resilience and expansion, with a 7.5 percent increase in overall output. Key minerals like iron ore and limestone experienced significant production boosts, fueled by strong demand from the steel and cement industries. Iron ore production climbed to 277 million metric tonnes (MMT), up from 258 MMT the previous year, marking a 7.4 percent rise. Limestone production reached a record 450 MMT, reflecting a 10.7 percent increase from 406.5 MMT.

This strong performance emphasises the industry’s vitality and the growing need for cutting-edge mining technology and equipment. The mining equipment sector has made considerable advancements in innovation, technology, sustainability, efficacy, and precision to support this thriving industry.

Innovative features
The mining equipment is evolving with significant advancements. CASE Construction Equipment, known for its innovative approach, continues to enhance productivity and operational efficiency with its 770NXe Series Backhoe Loaders. Satendra Tiwari, Executive Director of Operations, underscores the transformative impact of their technologies: “Our 770NXe Series incorporates cutting-edge telemetry (SiteWatch) and remote technologies, enhancing productivity and user experience. Real-time data facilitates better equipment utilisation, performance tracking, and safety assurance.”

CASE’s dedication to sustainability is evident in its adherence to BS-CEV IV emission standards and its forthcoming transition to BS-CEV V standards. Tiwari adds, “Our machines are engineered to minimise energy consumption and promote environmental responsibility, aligning with our commitment to innovation and sustainability.”

Wheel loaders play a crucial role in enhancing productivity across various mining operations. Under the leadership of its Chairman and Managing Director, V. G. Sakthikumar Schwing Stetter is revolutionising efficiency with its advanced wheel loaders. Sakthikumar highlights the benefits of Variable Horse Power Technology (VHP) and increased payload capacities: “VHP optimises fuel economy and reduces engine wear, enhancing versatility across various mining conditions. Our ZL33FV, ZL48GV, and ZL55GV wheel loaders offer enhanced payload capacities, reducing cycle times and improving throughput.”

The wheel loaders’ advanced hydraulic systems significantly enhance precision and performance, featuring 160-bar and 185-bar main relief pressures. Sakthikumar adds, “Higher main relief pressures improve the loaders’ lifting and digging capabilities, providing smooth and responsive operations essential for complex mining tasks.”

Tyres designed for heavy-duty mining operations significantly impact equipment efficiency and longevity. Balkrishna Industries Ltd. (BKT) is setting new standards with its Earthmax line of tyres for heavy-duty mining applications. Ashok P. Chhajer, Sr. General Manager—OE Sales (Domestic), details the benefits: “Our Earthmax tyres, including the SR 53 for wheel loaders and SR 46 for dump trucks, are engineered for durability and high traction in challenging mining environments. They offer longer tyre life, reduced downtime, and enhanced safety.”

Chhajer notes, “We tailor our tyres to meet the specific needs of each mining site, ensuring optimal performance. The Earthmax SR 468, designed for Indian coal mines, exemplifies our commitment to addressing local needs with customised solutions.”

Lubricants play a crucial role in maintaining the efficiency and longevity of mining equipment. ENSO Group, led by Vaibhav Maloo, is transforming lubrication in the mining sector with high-performance products from Gazpromneft Lubricants. Maloo explains, “Our heavy-duty engine oils and hydraulic fluids enhance equipment performance, extend lifespan, and minimise downtime. They provide exceptional protection against wear, ensuring reliable operation in demanding conditions.”

ENSO’s partnership with Gazpromneft-Lubricants enriches its product portfolio and enhances supply chain efficiency. Maloo adds, “This collaboration aligns with our focus on sustainability and compliance, offering advanced lubrication solutions and technical support.”

Welding technology advancements contribute significantly to efficiency and precision in mining operations. Esab India Limited is advancing welding technology with automation and robotic systems. Ragupathy notes, “Our robotic welding systems improve flexibility, productivity, and safety by enhancing weld precision and reducing material waste. These advancements contribute to a more efficient and environmentally friendly welding process.”  Notes R. Ragupathy, Assistant General Manager-Applications, Esab India Limited.

Esab’s commitment to reducing environmental impact includes using recycled materials for welding electrodes and implementing fume extraction systems. Ragupathy adds, “We are dedicated to minimising the ecological footprint of our operations through sustainable practices and advanced technology.”

Sector dynamics and emerging trends
The Indian mining sector’s growth is reflected in key equipment market dynamics. According to India Infrastructure Research, the estimated market size for excavators is around 560 units, with dumpers and haul trucks at approximately 13,966 units. The market for drills and auxiliary equipment is estimated at 201 and 1,192 units, respectively, while sales of rigid dump trucks stood at 682 units in 2020-21. The annual utilisation of equipment in large mines is expected to be around 70-80 percent, though factors like unforeseen conditions and spare parts availability can impact this.

Key emerging trends include a shift towards sustainable mining practices and equipment leasing. The sector is increasingly adopting energy-efficient solutions and aligning with environmental, social, and governance goals. The leasing model is gaining traction due to its flexibility and cost benefits, while new technologies and ergonomic improvements are enhancing operator comfort and productivity.

Future outlook
Despite challenges such as cost competitiveness and equipment financing, the future of India’s mining equipment market appears positive. The sector is recovering from pandemic-related disruptions, with government focus on commercial mining and policy reforms set to boost growth. Mining equipment manufacturers are targeting automation and technological advancements to increase operational efficiency.

As the sector continues to evolve, innovations from industry players like CASE, Schwing Stetter, BKT, ENSO Group, and Esab will play a crucial role in shaping the future of mining operations. These developments will boost productivity and expansion while addressing safety and environmental issues, strengthening the industry’s agility and resilience in a cutthroat international marketplace.