Ministry of Coal issued the vesting order for Meenakshi Coal Mine

The Union government has allocated the Meenakshi coal mine, located in Odisha, to Hindalco Industries Ltd., marking a significant development in India’s coal mining sector. The mine is expected to enhance coal availability for industrial use and contribute significantly to the country’s revenue.

Key Features of the Meenakshi Coal Mine

• Location: Situated in Odisha, a state known for its rich mineral resources.
• Production Capacity:
  • Peak Capacity: 12 million tonnes per annum, making it a significant addition to India’s coal production capabilities.
  • Annual Revenue: Estimated at Rs 1,152.84 crore, boosting the financial inflow from coal mining activities.

Significance of the Allocation

1. Boost to Industry:
   • Allocating the Meenakshi mine to Hindalco Industries, a leading player in aluminum production, ensures a stable coal supply for its operations.
   • The allocation supports India’s goal of increasing domestic coal production to reduce dependency on imports.
2. Economic Impact:
   • The mine is projected to generate substantial revenue for the government and contribute to local economic development.
   • It will also create job opportunities in the mining and allied sectors in Odisha.
3. Energy Security:
   • Coal remains a primary energy source in India. The enhanced production capacity will support energy-intensive industries and contribute to national energy security.

Major Coal Mines of India

India is one of the world’s largest coal producers, with several significant coal mines across the country:

• Jharia (Jharkhand): Known for high-quality coking coal.
• Raniganj (West Bengal): The first coal mining area in India and a key source of thermal coal.
• Korba (Chhattisgarh): One of the largest coal-producing regions in India.
• Singrauli (Madhya Pradesh): A major hub for coal production and power generation.

The allocation of the Meenakshi coal mine to Hindalco Industries represents a step toward strengthening India’s industrial infrastructure and securing its energy needs while promoting economic growth in the region.

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