Delays in obtaining coal mining rights would weigh Hindalco Industries, said the company on November 12. Hindalco Industries is aluminium and copper producer. Hindalco is unable to exploit the block that was allocated to it along with Mahanadi Coalfields, a unit of Coal India and Neyveli Lignite Corp (NELG.NS) eight years ago.
The coal from the block was supposed to fuel a project currently ramping up in the eastern Odisha state which includes a bauxite mine with capacity of 4.2 million tonne a year, a 1.5 million-tonne-per-year alumina refinery and a smelter.