Hindalco Industries Limited has received the Vesting Order for the Meenakshi Coal Mine from the Nominated Authority, Ministry of Coal. This development follows the signing of the Coal Mine Development and Production Agreement (CMDPA) on November 22, 2024.
Key Highlights:
- Mine Overview:
- Location: Meenakshi Coal Mine
- Geological Reserves: ~285.23 MT
- Peak Rated Capacity (PRC): 12.00 MTPA
- Economic Impact:
- Estimated Annual Revenue: ~₹1,152.84 crores (at PRC)
- Capital Investment: ~₹1,800 crores
- Employment: ~16,224 direct and indirect jobs
- Strategic Importance:
- Contribution to the Nation’s energy security
- Boost to coal production capacity
- Economic growth and community development in the region
The Meenakshi Coal Mine’s development is expected to strengthen India’s energy sector and provide a significant boost to local employment, fostering sustainable development. This initiative underscores the Ministry of Coal’s commitment to efficient and responsible resource utilization while enhancing the Nation’s coal production capabilities.
