Key Points

Indian mining and metals companies can achieve significant efficiency improvements through digitalisation. This comes as the sector faces global competition and stricter environmental standards. Industry leaders stress that true digitalisation means actionable insights, not just data dashboards. Successful implementation requires CEO-level commitment and workforce upskilling to view technology as an enabler.

Key Points: Digital Transformation to Boost Indian Mining Metals Competitiveness by 15%

  • Digital gains equivalent to import safeguard duties once sought
  • Steel demand projected to nearly double by 2030 according to industry leaders
  • CEOs must drive tech adoption beyond IT departments report urges
  • AI robotics and automation key for sustainable production with reduced emissions
3 min read

Digital transformation could boost Indian mining & Metals competitiveness by 15%: FICCI Crisil Report

FICCI Crisil report reveals digitalisation can deliver 10-15% efficiency gains for India's mining & metals sector, crucial for meeting 2030 steel demand and EU carbon standards.

"With intelligent use of technology, industries can achieve efficiency improvements of 10-15 per cent - Nagendra Nath Sinha"

New Delhi, August 28

Indian mining and metals companies can achieve efficiency improvements of 10-15 per cent through digitalisation and automation -- gains equivalent to those previously sought through import safeguard duties -- according to industry executives speaking at the FICCI's second Conference of Automation, Digitalisation & Technology Integration in Mining & Metals.

New Delhi [India], August 28 (ANI): Indian mining and metals companies can achieve efficiency improvements of 10-15 per cent through digitalisation and automation -- gains equivalent to those previously sought through import safeguard duties -- according to industry executives speaking at the FICCI's second Conference of Automation, Digitalisation & Technology Integration in Mining & Metals.

The productivity increases, which industry leaders say can pay for themselves within two years, come as India's mining & metals sector faces mounting pressure to compete globally while meeting stricter environmental standards ahead of the European Union's implementation of the carbon border adjustment mechanism.

Nagendra Nath Sinha, Former Secretary, Ministry of Steel and MD, Rodic Digital & Advisory, told delegates that digital transformation represented a critical competitive lever rather than an optional upgrade.

'With intelligent use of technology, industries can achieve efficiency improvements of 10-15 per cent -- equivalent to the gains once sought through safeguard duties,' Sinha said at the conference launching FICCI Crisil's report "Intelligent Mines & Metal Plants: Automation, Digitalisation & Technology Integration in Mining & Metals Industries."

The report identifies a growing demand for coal, iron ore, bauxite, zinc, and critical minerals, including lithium, copper, cobalt, and nickel, driven by infrastructure expansion and the global energy transition. However, it highlights challenges, including resource depletion, environmental pressures, and price volatility, that require urgent technological intervention.

India's steel demand is projected to nearly double by 2030, according to Sanjay Singh, Director of Strategy and External Relations at Jindal Steel and a former Secretary of the Steel Ministry. 'Indian steel demand will nearly double by 2030, necessitating sustainable production with reduced emissions,' Singh said, highlighting the need for blast furnace improvements through artificial intelligence, robotics and automation until breakthrough technologies like green hydrogen achieve scale.

Arun Misra, Chief Executive of Hindustan Zinc & Executive Director of Vedanta Ltd and Co-Chair of FICCI's Non-Ferrous Metals Committee, emphasised that meaningful digitalisation requires actionable insights rather than mere data visualisation. 'True digitalisation means timely, actionable insights -- not just dashboards,' Misra said, citing geographic information systems for mine boundary management and predictive drilling as transformative applications.

The conference highlighted technologies, including artificial intelligence, Internet of Things sensors, robotics, data analytics, and low-code platforms, as key enablers for the sector's transformation.

Safety innovations, such as driver fatigue monitoring systems and slope stability radar, represent immediate applications with a measurable impact on operational risk reduction.

However, executives stressed that successful implementation requires leadership commitment beyond information technology departments.

'CEOs and senior management must drive, monitor, and resolve challenges,' Sinha said, adding that workforce upskilling and dialogue remain essential to ensure employees view technology as an enabler rather than a threat.

Pankaj Satija, executive in-charge at Tata Steel and Co-Chair of FICCI's Mining Committee, concluded that technology must connect people, assets and processes whilst expanding beyond operations to environmental monitoring. 'Continuous evolution in technology adoption and workforce training is vital,' Satija said.

The FICCI-CRISIL report underscores that India's mining and metals sector stands at a critical juncture, where embracing digital innovation could unlock substantial productivity gains and environmental improvements whilst addressing longstanding operational challenges that have constrained growth potential. It highlights the opportunities, challenges & way forward on tech integration in the mining & metal industries.

- ANI

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Reader Comments

P
Priya S
Hope the companies actually implement this properly and not just create fancy dashboards like Mr. Misra mentioned. We need actionable insights, not just data visualization. The environmental benefits could be significant too!
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Aman W
Great initiative but what about the workers? Digitalization should not lead to job losses. The report mentions upskilling, but companies need to invest properly in training programs. Technology should empower workers, not replace them.
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Sanjay N
Driver fatigue monitoring and slope stability radar are much needed safety innovations. Mining is dangerous work - if technology can save even one life, it's worth the investment. Safety first always! 🙏
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Nisha Z
With steel demand doubling by 2030, we have no choice but to adopt digital technologies. The environmental compliance requirements from EU's carbon border mechanism will force Indian companies to modernize. Better to start now!
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Michael C
Working in mining tech, I've seen how Indian companies are rapidly adopting IoT and AI. The payback within 2 years is realistic - predictive maintenance alone can save millions in downtime. Exciting times for the sector!
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Kavya N
Hope this digital push includes proper environmental monitoring as Mr. Satija mentioned. Mining companies have responsibility towards local communities and ecosystems. Technology should help sustainable development, not just profits

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