Mining Urges Financial Engineering Amid ESG Challenges
COAL & MINING

Mining Urges Financial Engineering Amid ESG Challenges

Industry stakeholders delve into the complexities of the mining sector, emphasizing the necessity for robust financial engineering amidst challenges posed by Environmental, Social, and Governance (ESG) compliance.

Jyoti Prakash Gadia, Managing Director of Resurgent India, a key player in providing financial consultancy to the mining sector, emphasized the importance of financial engineering in navigating the volatile nature of commodity markets. He highlighted the impact of ESG compliance norms, which have led to a significant decline in external investments, urging for strategic financial planning to sustain operations.

ESG compliance has deterred external investments in the mining sector, leading to a substantial decrease in equity and debt influx. Mining companies are increasingly reliant on internal accruals to sustain operations, stated Gadia.

Gopal Kalyanakrishnan, Managing Director-Sales of TAKRAF India, stressed the sector's commitment to environmental responsibility, focusing on minimizing the ecological footprint and rehabilitating mined areas. He underlined the industry's efforts to mitigate environmental impact and restore previously mined sites.

N. Franklin Jayakumar, Director of South Eastern Coalfields Ltd, highlighted ongoing rehabilitation measures at the Gevra mine, showcasing the industry's commitment to sustainable practices.

As the mining sector assumes a pivotal role in India's economic growth trajectory, technology solution providers are stepping in to optimize operations. Ranajit Sahu, Managing Director (Mining) at Accenture in India, emphasized the integration of business and digital strategies for transformative outcomes.

Dinesh Singh, Managing Director and Lead, Chemical and Natural Resources at Accenture in India, emphasized the potential of Artificial Intelligence (AI) in revolutionizing mining operations, including drone-based solutions and video analytics.

Amit Gupta, Director-Infrastructure, Energy & Material at Dassault Systemes, highlighted the role of virtual twin solutions in optimizing resource utilization, minimizing environmental impact, and ensuring regulatory compliance.

Efficiency remains paramount in the mining industry, with M Sasikumar, GM-Commercial at ExxonMobil Lubricants Pvt Ltd, underlining the role of energy-efficient oil products in maximizing equipment performance.

The discussions underscored the imperative for innovative strategies, combining financial prudence, technological advancements, and environmental stewardship, to navigate the evolving landscape of the global metals and mining sector.

Industry stakeholders delve into the complexities of the mining sector, emphasizing the necessity for robust financial engineering amidst challenges posed by Environmental, Social, and Governance (ESG) compliance. Jyoti Prakash Gadia, Managing Director of Resurgent India, a key player in providing financial consultancy to the mining sector, emphasized the importance of financial engineering in navigating the volatile nature of commodity markets. He highlighted the impact of ESG compliance norms, which have led to a significant decline in external investments, urging for strategic financial planning to sustain operations. ESG compliance has deterred external investments in the mining sector, leading to a substantial decrease in equity and debt influx. Mining companies are increasingly reliant on internal accruals to sustain operations, stated Gadia. Gopal Kalyanakrishnan, Managing Director-Sales of TAKRAF India, stressed the sector's commitment to environmental responsibility, focusing on minimizing the ecological footprint and rehabilitating mined areas. He underlined the industry's efforts to mitigate environmental impact and restore previously mined sites. N. Franklin Jayakumar, Director of South Eastern Coalfields Ltd, highlighted ongoing rehabilitation measures at the Gevra mine, showcasing the industry's commitment to sustainable practices. As the mining sector assumes a pivotal role in India's economic growth trajectory, technology solution providers are stepping in to optimize operations. Ranajit Sahu, Managing Director (Mining) at Accenture in India, emphasized the integration of business and digital strategies for transformative outcomes. Dinesh Singh, Managing Director and Lead, Chemical and Natural Resources at Accenture in India, emphasized the potential of Artificial Intelligence (AI) in revolutionizing mining operations, including drone-based solutions and video analytics. Amit Gupta, Director-Infrastructure, Energy & Material at Dassault Systemes, highlighted the role of virtual twin solutions in optimizing resource utilization, minimizing environmental impact, and ensuring regulatory compliance. Efficiency remains paramount in the mining industry, with M Sasikumar, GM-Commercial at ExxonMobil Lubricants Pvt Ltd, underlining the role of energy-efficient oil products in maximizing equipment performance. The discussions underscored the imperative for innovative strategies, combining financial prudence, technological advancements, and environmental stewardship, to navigate the evolving landscape of the global metals and mining sector.

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?