Government allocates Meenakshi coal mine in Odisha to Hindalco Industries

economictimes.indiatimes.com

The Indian government has allocated the Meenakshi coal mine in Odisha to Hindalco Industries Ltd. This mine has a peak capacity of 12 million tonnes per annum and is expected to generate annual revenue of Rs 1,152.84 crore. The allocation follows a development agreement signed last month. The mine has geological reserves of 285.23 million tonnes and will require an estimated capital investment of Rs 1,800 crore. The project is projected to create around 16,224 jobs, contributing to the local economy and enhancing domestic coal production.


With a significance score of 3.5, this news ranks in the top 8.7% of today's 28963 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: