Sainik Mining and Allied Services

What Sainik Mining and Allied Services does

Sainik Mining and Allied Services Limited (SMASL), incorporated in 1989 and headquartered in Gurgaon, India, is a private-sector contract mining services company primarily serving Coal India Limited (CIL) subsidiaries and other central public-sector undertakings (PSUs). The company executes removal of overburden, coal and lignite extraction, and coal logistics through a fleet of 9,687 Heavy Earth Moving Machineries (HEMMs) maintained in its own workshops. SMASL has historically accounted for approximately 17-18% of Coal India's total coal production, with FY2016-17 output of 101.09 MTe and logistics volume of 126.49 MTe, generating annual turnover of approximately INR 11,302 million for that year.

The company's core technology stack revolves around surface miner equipment for eco-friendly selective coal mining — a method SMASL pioneered in India — alongside conventional excavators, dumpers, motor graders, and pay loaders. SMASL generates revenue through three primary streams: (i) contract mining services billed against volume of overburden removed and coal extracted for CIL subsidiaries; (ii) long-tenor Mine Development and Operation (MDO) contracts (24-30 years) for dedicated coal and iron ore blocks awarded by NTPC and SAIL, executed via joint ventures with Thriveni Earthmovers (Pakri Barwadih, 15 MTPA) and ACB India (Rowghat Iron Ore, 14 MTPA), plus a standalone NTPC project at Dulanga (7 MTPA); and (iii) ancillary consultancy and exploration services delivered through subsidiary Kartikay Exploration & Mining Services. Go-to-market is direct enterprise field sales via competitive bidding for government contracts, with no digital marketing or third-party distribution channels identified.

SMASL is promoter-controlled by the Solanki family, with Mr. Yuvraj Singh Solanki as Managing Director and Capt. Kuldeep Solanki as founder. The company has signaled international ambitions through group-company activities in Indonesia (coal), Peru (gold exploration), UAE-Fujairah (rock processing), and Ethiopia (potash and sugar). In June 2026, Sindhu Trade Links Limited received shareholder approval to acquire a 50.1% controlling stake via preferential share allotment and CCPS, representing a pending change-of-control transaction.

Name

Sainik Mining and Allied Services

Legal name

Sainik Mining And Allied Services Limited

Website

https://sainikmining.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Sainik Mining and Allied Services is a private Indian contract mining company founded in 1989, executing overburden removal, coal extraction, and logistics primarily for Coal India subsidiaries and PSUs NTPC and SAIL across multiple long-tenor MDO contracts.

Ownership category

akta.pro rank

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Contract Mining Services: Contract mining operations for Coal India Limited subsidiaries involving removal of overburden, mining of coal/lignite, and logistics. Revenue generated through service contracts with major coal mining companies.
2. Mine Development and Operation (MDO): Full-cycle mine development and operation services including mine planning, exploration, OB removal, coal extraction, and logistics. Includes standalone MDO projects (Dulanga Coal Block) and joint venture MDO projects (Pakri Barwadih, Rowghat Iron Ore). Long-term contracts ranging from 24-30 years.
3. Coal Logistics: Transportation and loading of coal and overburden through large fleet of trucks, from coalface to consumers located far from mining sites.
4. Mining Consultancy: Consultancy services for coal block selection, mine planning, mine scheduling, mine closure planning delivered by experienced technical personnel.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Sainik Mining and Allied Services Limited provides contract mining services to Coal India Limited subsidiaries, including removal of overburden, mining of coal and lignite, and coal logistics. The company also delivers full-cycle Mine Development and Operation (MDO) services through standalone and joint venture projects, with long-term contracts ranging from 24-30 years targeting major PSU clients such as NTPC and SAIL.

Product overview

Sainik Mining and Allied Services Limited (SMASL) is a contract mining company that operates as a unified service portfolio combining coal mining operations, logistics, and exploration services. The company offers coal mining services (removal of overburden, coal extraction, and transportation), coal logistics, gold exploration, mine development and operations (MDO), consultancy, and exploration services. SMASL also operates three major MDO projects: the Pakri Barwadih Coal Mining Project (joint venture with Thriveni Earthmovers), the Rowghat Iron Ore Mining Project (joint venture with ACB India), and the Dulanga Coal Mining Project (standalone).

Differentiator

Problem solved

Functional benefit

Products and services

• Coal Mining Services Contract coal mining services for Coal India Limited subsidiaries and PSUs, including removal of overburden, extraction of coal and lignite, and operations using a large Heavy Earth Moving Machinery (HEMM) fleet.
• Coal Logistics Transportation and loading services for overburden and coal, managing delivery from coalface to distant consumers through a large fleet of trucks.
• Mine Development and Operations (MDO) End-to-end mine development services including mine planning, designing, scheduling, statutory clearances, OB removal, coal handling, and washery operations for government clients.
• Pakri Barwadih Coal Mining Project NTPC-awarded 27-year mine development and operation contract with 15 MTPA annual production target for PB Block in Jharkhand, executed through Thriveni Sainik Mining Pvt. Ltd. joint venture (SMASL 49%, TEMPL 51%).
• Rowghat Iron Ore Mining Project SAIL-awarded 30-year mine development and operation contract with 14 MTPA annual production target for Rowghat Iron Ore block, executed through ACB Mining Private Limited joint venture (SMASL 49%, ACBIL 51%).
• Dulanga Coal Mining Project NTPC-awarded 24-year standalone mine development and operation contract with 7 MTPA annual production target for the Dulanga Coal Block.
• Mining Consultancy Services Expert consultancy for coal block selection, mine planning, mine scheduling, and mine closure planning delivered by experienced technical personnel.
• Gold Exploration Services Specialized expert services for the discovery and evaluation of gold deposits including mineral targeting, geological mapping, exploratory drilling, and pre-feasibility reports.
• Exploration Services Comprehensive exploration services including mineral targeting, regional and detailed geological mapping, exploratory drilling, sampling and analysis, geophysical surveys, and 3D ore body modeling delivered through subsidiary Kartikay Exploration & Mining Services Pvt. Ltd.

Quantifiable outcome

• 101.09 MTe coal production representing 18.24% of Coal India production (FY 2016-17)
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Thriveni Earthmovers Pvt. Ltd. (TEMPL)coreStrategic or Co-development PartnerJoint venture partnership for Pakri Barwadih Coal Mining Project (PB Block) in Jharkhand. SMASL holds 49% equity while TEMPL holds 51%. Project awarded by NTPC Limited for 27 years with annual production target of 15 MTPA. This is one of the largest MDO contracts in India.
• ACB (India) Limited (ACBIL)coreStrategic or Co-development PartnerJoint venture partnership for Rowghat Iron Ore Mining Project awarded by SAIL Limited. SMASL holds 49% equity while ACBIL holds 51%. Project duration of 30 years with annual production target of 14 MTPA.
• Kartikay Exploration & Mining Services Pvt. Ltd.minorStrategic or Co-development PartnerSubsidiary company providing exploration services including mineral targeting, planning exploration schemes, regional and detailed geological mapping, exploratory drilling, pre-feasibility reports, sampling and analysis, geophysical surveys, and IT services with 3D ore body modeling.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Thriveni Earthmovers Private Limited: One of India's largest private mining contractors and Sainik's JV partner in the Pakri Barwadih MDO project (51% TEMPL / 49% SMASL). Operates large-scale coal and iron ore mining, overburden removal, and logistics for CIL subsidiaries and PSUs — directly comparable service portfolio, customer set, and contract structure.
• ACB (India) Limited: Indian coal mining and washery operator and Sainik's JV partner in the Rowghat Iron Ore MDO (51% ACB / 49% SMASL). Competes for the same Indian PSU coal and iron ore MDO contracts and operates similar end-to-end mining and logistics services.
• Essel Mining and Industries Limited: Aditya Birla Group's mining arm engaged in iron ore and coal mining contracts in India. Operates as both a captive miner and a contract miner for CIL-style customers — directly comparable in scope, geographic footprint, and counterparty profile.
• BGR Mining & Infra Limited: Major Indian private-sector mining services contractor providing coal and lignite mining, OB removal, and mine development for CIL subsidiaries and NTPC. Directly comparable contract mining business model, equipment fleet, and government PSU customer base to SMASL.
• South West Pinnacle Exploration Limited: Indian mining services company offering coal exploration, geological consulting, and mine planning services to CIL subsidiaries and PSUs. Comparable in the exploration and consultancy sub-segment of SMASL's portfolio (Kartikay Exploration subsidiary).

Broad incumbents

• NMDC Limited: India's largest iron ore producer and a state-owned peer relevant to SMASL's Rowghat iron ore MDO business. Comparable mining scale, government-customer exposure, and overburden/excavation-heavy operating model in metal ores.
• Adani Enterprises (Mining Division): Operates Parsa East & Kente Basan coal mines via MDO with CIL/Rajasthan DISCOMs and is expanding into Australian coal mining. Larger and more diversified than SMASL but competes for similar Indian PSU contract mining mandates.
• Coal India Limited: State-owned coal monopoly and SMASL's primary customer across all CIL subsidiaries. Sets the contract terms, bidding frameworks, and production targets that govern SMASL's revenue — a structural counterparty and indirect competitor on in-house vs. outsourced work.
• Singareni Collieries Company Limited: Andhra Pradesh/Telangana state-owned coal miner that is both a customer of SMASL and a competitor for adjacent CIL-region contracts. Provides a regional benchmark for coal production costs and contract mining unit economics.

Emerging players

• Vedanta Limited (Iron Ore Division): Operates large iron ore mines in India (Karnataka, Goa) under mining leases — partially comparable to SMASL's Rowghat iron ore MDO exposure. Larger diversified metals miner, but its iron ore segment reflects a similar end-market and customer profile (domestic steel mills).

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sainik Mining and Allied Services