Voltas mining equipment division pins hope on Vale to drive growth

Previously, India made up 80 per cent of Voltas' mining equipment business, while the rest came from Africa; today Mozambique accounts for 70 per cent of its revenues from this segment.

Voltas Mining & Construction has diverted its focus from India to Mozambique, riding high on its contract with global mining major Vale. 

Previously, India accounted for 80 per cent of its total business and the rest came from its African operations. Over the past four-odd years, its mining and construction equipment business in India was hit, due to uncertainty in the mining sector.

Now, Mozambique accounts for 70 per cent of Voltas’ revenues from the mining equipment business.

“We are optimistic that this year will show 10 per cent growth at the PBT (profit before tax) level. Apart from our