Coal Ministry issues vesting order for Meenakshi coal mine in Odisha to Hindalco
The Nominated Authority of the Ministry of Coal issued the vesting order for the Meenakshi coal mine in Odisha's Sundargarh district to Hindalco Industries on 27 December 2024.
Summary
The Meenakshi coal mine was vested in Hindalco Industries Limited when the Nominated Authority of the Ministry of Coal issued its vesting order on 27 December 2024, following the signing of the Coal Mine Development and Production Agreement (CMDPA) on 22 November 2024. The fully explored mine has a peak rated capacity of 12 MTPA and geological reserves of about 285.23 MT. It is expected to generate annual revenue of about ₹1,152.84 crore at peak capacity, involve capital investment of ₹1,800 crore and provide direct and indirect employment to about 16,224 people. Hindalco describes the mine as a greenfield project in the Ib Valley Coalfield of Sundargarh district, Odisha.
Key facts
- Order
- Vesting order issued 27 December 2024 by the Nominated Authority, Ministry of Coal
- Allottee
- Hindalco Industries Limited
- CMDPA signed
- 22 November 2024
- Location
- Ib Valley Coalfield, Sundargarh district, Odisha
- Peak rated capacity
- 12 MTPA
- Geological reserves
- About 285.23 MT
- Annual revenue / capex
- About ₹1,152.84 crore / ₹1,800 crore
- Employment
- About 16,224 people, direct and indirect
Practice MCQs 3 questions
To which company did the Ministry of Coal issue the vesting order for the Meenakshi coal mine on 27 December 2024?
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Correct answer: B — Hindalco Industries Limited
PIB (Ministry of Coal): the Nominated Authority issued the vesting order for the Meenakshi coal mine to Hindalco Industries Limited on 27 December 2024.
What is the peak rated capacity of the Meenakshi coal mine vested in Hindalco in December 2024?
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Correct answer: C — 12 MTPA
PIB (Ministry of Coal): the Meenakshi coal mine has a peak rated capacity of 12.00 MTPA and geological reserves of about 285.23 MT.
The Meenakshi coal mine, vested in Hindalco on 27 December 2024, lies in the Ib Valley Coalfield of which State?
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Correct answer: A — Odisha
Hindalco and Business Standard: the Meenakshi coal mine is a greenfield project in the Ib Valley Coalfield of Sundargarh district, Odisha.