Hindalco’s Dumri captive mine likely to become operational by March
Hindalco Industries chairman Kumar Mangalam Birla has said the company’s fourth captive coal mine at Dumri may become operational by March 2019.
Speaking at the 59th annual general meeting of the company in Mumbai, he said that Hindalco has secured around 3.2 million tonne of coal in the linkage auctions that concluded during FY18.
With this, the total quantity of secured coal via linkages reached to 11.9 million tonne, and accounts for 71 per cent of the annual coal requirements of the company. The overall annual requirement of coal is currently secured at more than 90 per cent, through long-term linkages and captive mines, he added.
He added: “Currently, three captive mines viz. Gare Palma IV/4, Gare Palma IV/5 and Kathautia are operational. The fourth captive mine at Dumri is in the process of obtaining necessary statutory clearances. It will hopefully be operational by the end of FY19.”
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