Hindalco to Acquire EMIL Mines and Mineral Resources

  Published 1 year ago

Hindalco Industries has approved the acquisition of a 100% stake in EMIL Mines and Mineral Resources, securing the Bandha coal block. The move aligns with its goal to boost upstream capacity and ensure long-term coal supply for its Mahan smelter and power plant.

  • Bandha coal block holds ~197 million tonnes of reserves.
  • Located 20 km from Hindalco's Mahan plant.
  • Acquisition pending shareholder and regulatory approvals.
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