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The Adani Group Initiates a Huge Merger in The Mining Sector

This mine is one of the most crucial Adani coal mines. It is located close to MELu2019s thermal power plant. It can produce 6.5 million tonnes of coal per annum.

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The Adani Group Initiates a Huge Merger in The Mining Sector

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  1. THE ADANI GROUP INITIATES A HUGE MERGER IN THE MINING SECTOR

  2. Mahan Energen Limited is one of the subsidiaries of Adani Power Limited. It has recently approved the merging of Stratatech Mineral Resources with Dhirauli coal mine. This is done to bring about fuel security in the country. The merger will require regulatory and shareholder approvals post which it will be operational. It is expected to have a peak-rated capacity of 6.5 million tonnes per annum. The merger would involve a wholly owned subsidiary that is completely engaged in power generation, mining and various other allied activities. This will bring about energy stability in the country. We will also be able to ensure that our homes have a reliable electricity supply.

  3. THE RECENT ACQUISITION: Adani Power Limited is one of the major operating subsidiaries of the Adani Group. The company has recently announced that Mahan Energen Limited has given its approval for a proposal to merge the coal mining firm Stratatech Mineral Resources with itself. This is an extremely strategic move by the Adani Group. It will increase the company’s influence over the Indian mining sector.

  4. Stratatech Mineral Resources, a subsidiary of Adani Enterprises, was allocated the Dhirauli coal mine in Madhya Pradesh. This mine is one of the most crucial Adani coal mines. It is located close to MEL’s thermal power plant. It can produce 6.5 million tonnes of coal per annum. This is an excellent capacity and can facilitate enhanced power production. SMRPL is a wholly-owned subsidiary of Adani Enterprises. It mines ores, minerals, and coal from the Adani coal mines. The company also sells the power generated from the coal plant. This proposed merger will allow MEL to operate the Dhirauli coal mine as a captive mine, increasing the country’s energy security. However, the scheme will only materialise if the necessary approvals are received.

  5. ADANI’S MINING VENTURES: The Adani Group has always been deeply interested in taking on various mining ventures in the country. The business group has continuously initiated multiple initiatives, each of which has enhanced the conglomerate’s profitability. The Adani coal mines in different parts of India contribute to major power generation in the country. The mining operations at these mines are also carried out in a highly streamlined way to reduce the environmental impact. One of the major Adani coal mines is the Carmichael mine in Australia. It is one of the company’s biggest international mining ventures and has an extraordinary coal generation capacity. The power generated from the Carmichael coal mine is used to light up millions of homes in India. This coal mine has also brought about massive improvements in the living conditions of the people of Australia.

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