The Nominated Authority of the Ministry of Coal has granted the Vesting Order for the Meenakshi Coal Mine to Hindalco Industries Limited. This milestone 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 asset, has a Peak Rated Capacity (PRC) of 12.00 MTPA and contains approximately 285.23 MT of geological reserves.
At its full capacity, the mine is projected to generate annual revenue of around ₹1,152.84 crores. With an estimated capital investment of ₹1,800 crores, it is poised to play a vital role in enhancing national coal production and bolstering energy security.
The development of the Meenakshi Coal Mine is also expected to create approximately 16,224 direct and indirect employment opportunities, fostering economic growth and improving the livelihoods of the local community.
This initiative represents a significant advancement in increasing the country’s coal production, supporting economic progress, and generating sustainable job opportunities. The Ministry of Coal remains dedicated to promoting energy security and growth through responsible and efficient mining practices.
