Adani Power Ltd announced on Monday that its subsidiary, Mahan Energen Ltd (MEL), has approved the merger of Stratatech Mineral Resources with itself. This move is aimed at improving fuel security for the company. Stratatech Mineral Resources, a subsidiary of Adani Enterprises, has been allocated the Dhirauli Coal Mine in Madhya Pradesh, which is close to MEL’s thermal power plant. By merging, MEL can use the Dhirauli Coal Mine as a captive coal source, enhancing its fuel supply.
The Dhirauli Coal Mine can produce up to 6.5 million tonnes of coal per year.
This merger plan requires approvals from shareholders and other necessary parties.
MEL, a wholly-owned subsidiary of Adani Power, focuses on generating and selling power. Stratatech Mineral Resources, also a wholly-owned subsidiary of Adani Enterprises, is involved in mining coal, minerals, ores, and related activities.
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