Hindalco Industries Limited has completed the acquisition of 100 per cent equity stake in EMIL Mines and Mineral Resources Limited (EMMRL), a wholly owned subsidiary of Essel Mining and Industries Limited (EMIL).
This acquisition gives Hindalco control of the Bandha coal block, which holds an estimated 197 million tonnes of reserves with a mine life of about 45 years. Located around 20 km from Hindalco’s Mahan plant, the coal block will support Hindalco’s aluminium smelters by securing raw material supply and enabling a sustainable coal logistics chain across rail, road, and conveyor systems. With this strategic move, Hindalco aims to double its upstream capacity and strengthen fuel security for its aluminium operations