Mining industry showing recovery from Covid-19 crisis: PwC report

30 Jun 2021 CW Team

According to a report by PwC India, mining is one of the few industries that has recovered financially and operationally from the worst of the Covid-19 pandemic economic crisis.

The audit firm said that the decisions made today about workplace policies, including the role of digitisation and automation, will shape the future of mining for years to come, claiming that 2020 was a banner year for the mining sector.

The price recovery in the second half of the fiscal year gave the industry a boost in terms of performance and financial metrics. Mining companies in India have remained resilient and continue to operate, while also assisting the government in addressing the health pandemic in their areas of operation.

PwC India mining and metals leader Yogesh Daruka said the industry needs to invest for the future by exploring and leveraging operational technology initiatives, improving productivity and efficiency, and engaging with stakeholders for shared prosperity.

PwC India reported that during the peak of the Covid-19 crisis, mining companies with higher environmental, social, and governance (ESG) ratings outperformed the broader market, delivering a 34 % average total shareholder return over the past three years, ten percentage points higher than the general market index.

The audit firm stated in a statement the figures come from PwC's 18th annual review of the top 40 mining companies, Mine 2021, which looks at global trends in the industry. The demand for minerals used in clean energy technologies is expected to increase six-fold in the next 20 years.

Sambitosh Mohapatra, leader - ESG, energy utilities and resources, PwC India, said a strong financial outlook provides a unique opportunity for these companies to rethink their existing purpose and reimagine the future, strategy and set out a bold ambition as they reconfigure their business models for long-term sustainable value.

Image Source

Also read: India recorded a 30% surge in coal imports in April

Also read: Coal India’s fuel allocation via spot e-auction surges 43% in FY21

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

According to a report by PwC India, mining is one of the few industries that has recovered financially and operationally from the worst of the Covid-19 pandemic economic crisis. The audit firm said that the decisions made today about workplace policies, including the role of digitisation and automation, will shape the future of mining for years to come, claiming that 2020 was a banner year for the mining sector. The price recovery in the second half of the fiscal year gave the industry a boost in terms of performance and financial metrics. Mining companies in India have remained resilient and continue to operate, while also assisting the government in addressing the health pandemic in their areas of operation. PwC India mining and metals leader Yogesh Daruka said the industry needs to invest for the future by exploring and leveraging operational technology initiatives, improving productivity and efficiency, and engaging with stakeholders for shared prosperity. PwC India reported that during the peak of the Covid-19 crisis, mining companies with higher environmental, social, and governance (ESG) ratings outperformed the broader market, delivering a 34 % average total shareholder return over the past three years, ten percentage points higher than the general market index. The audit firm stated in a statement the figures come from PwC's 18th annual review of the top 40 mining companies, Mine 2021, which looks at global trends in the industry. The demand for minerals used in clean energy technologies is expected to increase six-fold in the next 20 years. Sambitosh Mohapatra, leader - ESG, energy utilities and resources, PwC India, said a strong financial outlook provides a unique opportunity for these companies to rethink their existing purpose and reimagine the future, strategy and set out a bold ambition as they reconfigure their business models for long-term sustainable value. Image Source Also read: India recorded a 30% surge in coal imports in April Also read: Coal India’s fuel allocation via spot e-auction surges 43% in FY21

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..