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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..