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India has the fifth largest coal reserves in the world. As on 31 March 2018, India had 319.04 billion metric tons (351.68 billion short tons) of the resource. The known reserves of coal rose 1.23% over the previous year, with the discovery of an estimated 3.88 billion metric tons (4.28 billion short tons).

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India's demand for coal continues to increase to meet the needs of coal-based thermal power plants and the steel industry. The coal mining industry accounts for about 80 percent of India's demand for mining equipment used for open pit mines, which account for 90 percent of India's mining operations.

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