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The government on Friday said it has issued allocation order for a coal mine in Odisha to Aditya Birla Group firm Hindalco Industries Ltd.
The government issued the vesting order for the Meenakshi coal mine that has a peak rating capacity of 12 million tonnes per annum (MTPA).
This follows the signing of the agreement for development and production of coal mine last month.
The Meenakshi coal mine, a fully explored block, has geological reserves of 285.23 million tonnes (MT).
The block is likely to generate an annual revenue of Rs 1,152.84 crore, based on its peak rated capacity (PRC), the coal ministry said in a statement.
With an estimated capital investment of Rs 1,800 crore, the mine will significantly augment domestic coal production and contribute to strengthening energy security, it said.
The development of the block is likely to provide employment to about 16,224 individuals, both directly and indirectly, contributing to the economic growth in the region.
"This initiative

With an estimated capital investment of Rs 1,800 crore, the mine will significantly augment domestic coal production and contribute to strengthening energy security

Wilson stated that the Group employs 30,000 people who help its two airlines fly over 60 million passengers annually to more than 100 destinations within India and internationally

Powered by the MediaTek Dimensity 8350 chip, the newly launched OnePlus Pad is offered with up to 12GB (LPDDR5X) RAM and up to 512GB (UFS 3.1) storage

Xiaomi said that the Redmi 14C 5G smartphone will feature a design inspired by the "beauty and the power of the cosmos"

Malaysian Prime Minister Anwar Ibrahim wrote a moving tribute Manmohan Singh Friday, recalling how the Indian leader offered scholarships for his children while he was in prison.
On X, he described the former prime minister, who died Thursday, as the midwife of India's emergence as one of the world's economic giants".
And also as my mitra, my bhai, Manmohan".
Though Anwar declined the offer, he was clearly moved by the gesture. The Malaysian leader was in jail from 1999 to 2004, when his sentence was overturned. During this period, Singh was Leader of the Opposition in Rajya Sabha.
Dr Manmohan Singh, slightly awkward as a politician but undeniably upright, steadfast and resolute as a statesman, leaves behind a legacy that will inspire generations to come," he posted.
"To me, he will be all that and much more. Not many people know this, and it is time that I share it with Malaysians: during the years of my incarceration, he extended a kindness that he didn't have to... He offered .

On X, he described the former prime minister, who died Thursday, as the midwife of India's emergence as one of the world's economic giants

Billionaire industrialist Gautam Adani described former Manmohan Singh as "a rare leader who spoke softly but achieved monumental strides through his actions"

The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high living costs, if they opt for a 2020 tax system that strips exemptions like housing rentals

The steel ministry believes that a higher import duty, if implemented, could mitigate the adverse effects of a rise in cheaper imports of finished steel, particularly from China

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

IMD monsoon 2024 prediction, Sensex down amid Iran-Israel issue, Byju's & more Top #News in 1 Min

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