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September 7, 2020

India’s NTPC awards $430m coal mine contract to Thriveni Earthmovers

Indian state-owned energy conglomerate NTPC has reportedly awarded a contract worth Rs31.43bn ($430m), pertaining to the Talaipalli coal mine in Chhattisgarh, to Thriveni Earthmovers.

Indian state-owned energy conglomerate NTPC has reportedly awarded a contract worth Rs31.43bn ($430m), pertaining to the Talaipalli coal mine in Chhattisgarh, to Thriveni Earthmovers.

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As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
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The contract calls for the development and operations of the coal mine located in the east-central Indian state.

Based in Tamil Nadu, Thriveni Earthmovers specialises in mining iron ore, copper, coal, bauxite, graphite, granite, limestone, and baryte, and other natural resource commodities.

PTI has quoted an anonymous official as saying: “Thriveni Earthmovers… a Coimbatore-based mining company, has bagged another mine development and operation contract from NTPC on August 26, with a contract value of Rs31.428bn.”

Previously, BGR Mining & Infra was in charge of the development of the Talaipalli mine and other NTPC coal mines in Jharkhand and Chhattisgarh. However, the contracts were scrapped by NTPC due to corruption allegations that had cropped up against the mining contractor’s senior officials, reported PTI.

As per two separate letters issued in July 2019, NTPC cancelled the development and operation contracts of the Chatti-Bariatu coal mine in Jharkhand state and also that of the Talaipalli coal mine.

BGR Mining & Infra won the mine development and operation contract of the coal mine in Jharkhand from NTPC in late 2017. Around the same time, the company in consortium with Nagarjuna Construction Company (NCC), was awarded the contract for the Talaipalli coal project.

With a production capacity of 18 million tonnes of coal per year, the Talaipalli coal mine has been serving the 1.6GW Lara Power Project owned by NTPC in Chhattisgarh.

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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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