Govt issues allocation order to Hindalco Industries for coal mine in Odisha
Aditya Birla Group firm Hindalco Industries Ltd. The government issued the vesting order for the Meenakshi coal mine that has a peak rating capacity of 12 million tonnes per annum (MTPA).
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This follows the signing of the agreement for development and production of coal mine last month.
The Meenakshi coal mine, a fully explored block, has geological reserves of 285.23 million tonnes (MT).
The block is likely to generate an annual revenue of Rs 1,152.84 crore, based on its peak rated capacity (PRC), the coal ministry said in a statement.
With an estimated capital investment of Rs 1,800 crore, the mine will significantly augment domestic coal production and contribute to strengthening energy security, it said.
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