None of Hindalco’s coal blocks stuck: Birla
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Hindalco Industries chairman Kumar Mangalam Birla on Tuesday reassured shareholders that none of the company's projects and coal blocks are mired in the ongoing coal block allocation scam that was brought to light by the Comptroller and Auditor General (CAG).
"None of the company's coal blocks are stuck because of the 'coalgate' scam," Birla told shareholders at the company's 53rd Annual General Meeting here. "None of our ongoing expansion projects and greenfield projects will get delayed because of this."
Hindalco, the Aditya Birla group's flag ship, is in the final stages of setting up aluminium plants at Madhya Pradesh and Orissa.
It recently got approval for mining coal at the Mahan coal block to fire its captive power plants for the 395,000 tonnes per annum aluminium plant at Mahan.