By Our Correspondent
BHUBANESWAR: The Nominated Authority, Ministry of Coal, has issued the Vesting Order for the Meenakshi Coal Mine to Hindalco Industries Limited on Friday. This follows the signing of the Coal Mine Development and Production Agreement (CMDPA) on November 22, 2024. The Meenakshi Coal Mine, a fully explored MMDR coal mine, boasts a Peak Rated Capacity (PRC) of 12.00 MTPA and holds ~ 285.23 MT of Geological Reserves.
The Meenakshi Coal Mine is expected to generate an annual revenue of ~₹1,152.84 crores, based on its Peak Rated Capacity (PRC). With an estimated capital investment of ₹1,800 crores, the mine will significantly enhance the Nation’s coal production and contribute to strengthening energy security.
The development of the Meenakshi Coal Mine is expected to provide employment opportunities for around 16,224 individuals, both directly and indirectly, contributing to the economic growth of the local community and improving livelihoods in the region.
This initiative marks a significant step toward boosting the Nation’s coal production capacity, supporting economic development, and creating sustainable employment opportunities. Ministry of Coal remains committed to enhancing energy security and fostering growth through responsible and efficient coal mining operations.
