Metals & Mining
Driving Sustainable Growth with Trusted Advisory
India’s metals and mining sector is pivotal to the nation’s industrial growth, powering infrastructure, manufacturing, and exports. With evolving regulations, sustainability mandates, and technological advancements, expert guidance is crucial for navigating operational challenges and capitalizing on growth opportunities.
At Baker Tilly ASA India, we combine industry expertise with transaction and risk advisory to support mining companies, metal producers, and service providers. From project financing and valuations to compliance and strategic restructuring, we help clients optimize assets and future-proof their operations.
Our services include:
- Financial planning and budgeting for mining and production operations
- Compliance management under mining, labor, and environmental laws
- Cost accounting and control reviews ensuring transparency and accountability
- Risk and governance frameworks supporting regulatory compliance
- Transfer pricing and cross-border structuring for global trading entities
- ERP and automation improving accounting and operational data accuracy
- ESG and sustainability reporting for stakeholder assurance
- Forensic and internal audits mitigating financial and operational risks
Industry Size
Estimated at US $1.83 trillion. India ranks 4th globally in coal production and 2nd in crude steel production. Sector employs over 1.2 milli on people directly and indirectly.
Export Contribution
India’s mineral production and processed metals together contribute exports worth US$47.1 billion (FY23)
Growth Potential
India aims to have ~300 million tonnes (MT) crude steel capacity by 2030. Finished steel production expected to reach ~230 MT. The MCE (Mining & Construction Equipment) sector is projected to grow from ~US$16 billion now to US$45 billion by 2030.
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