Hindalco Industries secures Meenakshi Coal Mine allocation in Odisha

Hindalco Industries Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 500440 | NSE: HINDALCO

30 Dec 2024 Evaluate

Hindalco Industries has achieved a significant milestone with the allocation of the Meenakshi Coal Mine in Odisha through a vesting order by the Ministry of Coal. This development follows the successful signing of the Coal Mine Development and Production Agreement (CMDPA) on November 22, 2024, marking a pivotal step in the company’s journey towards resource securitisation, energy efficiency and sustainable growth.

The Meenakshi coal mine, located in Odisha, is a fully explored block with a Peak Rated Capacity (PRC) of 12 million tonnes per annum and around 285.23 million tonnes of geological reserves. With a favourable coal-to-waste stripping ratio of less than 1, the G12 grade mine is poised to be a cost-effective and sustainable energy source for company’s operations, making the company self-reliant in coal production.

The allocation of the Meenakshi mine aligns with Hindalco’s strategy to reduce operating costs and boost energy self-sufficiency. The mined coal will replace the company’s dependence on auction and linkage coal which is currently estimated at approximately 40% higher than Meenakshi coal mine, thereby ensuring a stable supply for its smelters and solidifying its position as one of the lowest cost producers of aluminium in the world.

Beyond operational benefits, the Meenakshi mine is poised to drive transformative regional impact by strengthening India’s energy security, enhancing national coal production, and catalysing economic growth in the area. The project is expected to create approximately 16,000 direct and indirect employment opportunities, improving local livelihoods and fostering community development. This milestone reinforces Hindalco’s commitment to sustainable practices, responsible mining, and its vision of contributing to India’s energy independence and industrial progress. The company expects to commence coal production in CY2028, subject to receipt of regulatory clearances and requisite approvals.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.

Hindalco Share Price

1043.70 -11.85 (-1.12%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Hindalco	1043.70
Vedanta	296.45
Hindustan Zinc	635.00
Jain Resource Recycl	571.55
Gravita India	1763.45
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