Epiroc Mining India Reduction of Capital

EPIROC MINING SHARE PRICE & UNLISTED SHARE - COMPANY OVERVIEW

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.

INCORPORATION DETAILS OF EPIROC MINING

Epiroc Mining Share Price Details as of March 31, 2022

PRINCIPAL BUSINESS ACTIVITIES OF EPIROC MINING

BOARD OF DIRECTORS OF EPIROC MINING

Kunal Thakore (Chairman)

Jerry Andersson

Managing Director

Vinayak Padwal

Maria Stedfeldt

Jorgen Ekelow

Sami Niiranen

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES OF EPIROC MINING

EPIROC MINING INDIA LIMITED does not have any subsidiary or associate company.

SHAREHOLDING PATTERN OF EPIROC MINING

INDUSTRY OUTLOOK OF EPIROC MINING

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.

FAQs on Epiroc Mining Unlisted Share

Q.1 Is Epiroc public or private?

A.1 Epiroc Mining India Limited is a public company.

Q.2 Is Epiroc a listed company?

A.2 Epiroc is an unlisted company.

Q.3 Is it good to invest in Epiroc shares?

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.