Hindalco's Meenakshi Coal Mine Project: Driving Sustainable Growth and Energy Self-Reliance
This is a significant development for Hindalco Industries and the region. Here are the key takeaways:
1. Coal Production Timeline: Hindalco plans to start coal production at the Meenakshi Coal Mine by CY2028, subject to regulatory approvals.
2. Economic Impact: The project is expected to create approximately 16,000 direct and indirect jobs, boosting local livelihoods.
3. Resource Efficiency:
The mine has a peak rated capacity of 12 million tonnes per annum.
Geological reserves stand at 285.23 million tonnes.
A favorable coal-to-waste stripping ratio makes it cost-effective and sustainable.
4. Cost and Supply Benefits:
Coal from the Meenakshi mine will cost about 40% less than current sources (auctioned and linkage coal).
It ensures a stable coal supply for Hindalco’s smelters, reinforcing the company’s energy self-sufficiency and operational cost reduction.
5. Strategic Alignment: This move supports Hindalco's broader goals of resource securitisation, energy efficiency, and maintaining its position as a low-cost aluminium producer.
The project is not just an industrial milestone but also a step towards economic and sustainable growth for the region.
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