Mining Urges Financial Engineering Amid ESG Challenges

04 Apr 2024 CW Team

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.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Infrastructure Urban

13 Mar 2026

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Infrastructure Urban

13 Mar 2026

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..