EPIROC MINING INDIA LIMITED is a leading global productivity partner for mining and infrastructure activities. The company develops and produces safe and sustainable drill rigs, rock excavation and construction equipment, and tools. The company also provides services and solutions for interoperability and automation. The factories of the company are located in Nashik and Hyderabad.
Epiroc Mining India Limited was a part of Atlas Copco Group till 2017. In January 2017, Atlas Copco decided to divide the company and listed the mining and infrastructure business as its own separate company in 2018. Then the Epiroc Mining (India) Limited was established in July 2017.
The portfolio of Epiroc Mining (India) Limited comprises of Drill Rigs, Excavator attachments, Loaders and Trucks, Mechanical rock excavation equipment, raise boring equipment, rock drilling tools, rock enforcement tools, and ventilation systems. The company’s products are used in Mining, Construction, Demolition & recycling, and the oil & gas industry.
CIN OF EPIROC MINING |
U29309PN2017PLC171542 |
Registration Date OF EPIROC MINING |
20TH July 2017 |
Category/Sub-category of EPIROC MINING |
Public Limited Company |
Address of the Registered office and contact details OF EPIROC MINING |
14th Floor, Fountainhead, Phoenix Market City, Viman Nagar, Nagar Road, Pune 411014 Contact Number: 7219722200 |
Name, Address and Contact Details ofRegistrar and Transfer Agent, if any |
KFin Tech Pvt. Ltd. Karvy Selenium Tower B, Plot No 31 & 32 Gachibowli, Financial District, Nanakramguda, Serilingampally Hyderabad – 500 032 |
| Epiroc Mining Outstanding Shares: | 22,561,564 |
| Face Value of Epiroc Mining Unlisted Share: | Rs. 10 Per Equity Share |
| ISIN of Epiroc Unlisted Share: | INE067Z01026 |
| Lot Size of Epiroc Unlisted Share: | 50 Shares |
| Epiroc Mining Share Price: | Best in Industry |
| PAN Number of Epiroc: | AAECE7216R |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Mining Equipment |
2824 |
100% |
Kunal Thakore (Chairman)
Jerry Andersson
Managing Director
Vinayak Padwal
Maria Stedfeldt
Jorgen Ekelow
Sami Niiranen
EPIROC MINING INDIA LIMITED does not have any subsidiary or associate company.
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Epiroc Rock Drills AB (Promoter) |
2,17,31,947 |
96.32% |
|
2 |
Public Shareholding |
7,94,734 |
3.52% |
|
|
Total |
2,25,61,564 |
100.00% |
The mining industry is one of the core industries in the Indian economy. This industry is the source of raw materials for various industries. India is home to 1,531 operating mines and produces 95 minerals – 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals, and 55 minor minerals. Among 175 Mineral Resource Assessment Projects, 29 are on ferrous minerals (iron, manganese, and chromite), 42 precious metals and minerals, 72 for non-ferrous and strategic minerals, 32 on industrial and fertilizer minerals.
India ranks 2nd in the world for coal production and is the 5th largest country in terms of coal deposits. India also has a prominent position in steel and is striving to become the largest exporter of steel of certain grades. Coal Production in India increased by 6.9% in May 2021, as against May 2020. Steel production in India increased significantly by 59.3% in May 2021, as against May 2020.
The metal and mining industry is expected to grow with growth in other industries. The growth in infrastructure and automotive production will drive the growth of the metals and mining industry of India. The government has allowed FDI of up to 100% under the automatic route for mining and exploration of metals and non-metal ores except for titanium bearing minerals and their ores. Minerals like manganese, lead, copper, alumina are expected to witness double-digit growth in the years ahead. There is significant scope for new mining capacities in iron ore, bauxite, and coal.
India continues to be one of the growing economies in the world till Q4 of the fiscal. However, the spread of the COVID pandemic has left the entire world grappling with a negative impact on the socio-economic front and India is not an exception. The outlook is now heavily contingent upon the intensity, spread, and duration of the pandemic. However, the Pandemic has no significant impact on the finances for FY 20-21. The economic activities started showing signs of normalcy with the easing of restrictions.
A.1 Epiroc Mining India Limited is a public company.
A.2 Epiroc is an unlisted company.
A.3 It is wise to buy in Epiroc Shares because the firm recorded a net profit of Rs. 229.42 crore and total sales of Rs. 1982.90 crore for FY 2022. However, the company did not distribute dividends for the same year.
