The News Caravan

Tag: Singareni

  • Telangana: Singareni disputes Kishan Reddy’s claim on its financial position

    Telangana: Singareni disputes Kishan Reddy’s claim on its financial position

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    Hyderabad: Singareni Collieries Company Ltd (SCCL) has disputed Union Minister G. Kishan Reddy’s claim that it has slipped into debts of Rs 10,000 crore. clarifying that it has deposits of Rs.11,665 crore.

    Hours after Tourism and Culture Minister G. Kishan Reddy addressed a news conference in Delhi to allege that due to “inefficiency” of the BRS government of Telangana, Singareni’s debts were mounting by day, the public sector company released a statement saying it’s ridiculous to say that Singareni, which has revenues of Rs 27,000 crore, has huge debts.

    Without naming the minister, the SCCL stated that false propaganda was being carried out against it. The company claimed that it is marching ahead with sustainable financial performance.

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    The SCCL, in which Telangana has 51 per cent stake, said it has deposits of Rs 11,655 crore and it is earning Rs 750 crore every year in the form of interest every year.

    The coal company said that its turnover is Rs 32,000 crore while net profits stand at Rs 2,000 crore.

    The SCCL said out of Rs 5,300 crore loan raised for thermal power plant, only Rs 2,800 crore is outstanding.

    The company management issued the statement after Kishan Reddy told a news conference that Singareni had a bank balance of Rs 3,500 crore in 2014 but it now has debts of Rs 10,000 crore.

    He alleged that the BRS government was trying to eat away Singareni, remarking that Singareni which is like a goldmine for Telangana was becoming a victim of BRS corruption.

    Kishan Reddy also said that if the Telangana government tried to invest the money of SIngranei into Visakhapatnam Steel Plant, Singareni employees will not keep quiet. He was referring to the plans of the Telangana government to bid for Visakhapatnam Steel Plant through the SCCL.

    The central minister alleged that the interference of the BRS government and Chief Minister KCR’s family into Singareni has gone up. He remarked that Singareni had become a pocket company of the KCR family.

    Kishan Reddy said KCR government was spreading lies that the Centre was trying to privatise Singareni.

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    ( With inputs from www.siasat.com )

  • Telangana govt likely to bid for Vizag Steel Plant through Singareni

    Telangana govt likely to bid for Vizag Steel Plant through Singareni

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    Hyderabad: Telangana government is reportedly looking to bid for the Vizag Steel Plant (VCP) through its Singareni Collieries Company Limited (SCCL) while alleging that the Centre is trying to privatise the steel plant.

    According to a report by the Times of India, chief minister K Chandrashekar Rao has reportedly instructed a few officials from the government as well as the SCCL to visit the VSP and prepare a blueprint. The last date for submitting bids for VSP is on April 15.

    TOI termed the move as the first time a state-run company will place bids to secure a PSU in a neighbouring state.

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    The Telangana government enjoys a majority stake in SCCL of 51% while the Centre holds the remaining 49 percent.

    BRS working president KT Rama Rao, on April 2, reiterated the party’s support to Vizag Steel Plant workers saying that the BRS would oppose the Central government’s move to privatise the steel plant.

    The BRS party has been opposing the alleged privatisation of PSUs by the Centre in the two Telugu states.

    BRS on Saturday organised a ‘Maha Dharna’ to protest against the Centre’s decision to auction Singareni Collieries Company Limited (SCCL) coal mines during Prime Minister Narendra Modi’s visit to the city.

    The report said that there is a possibility of BRS leaders meeting the VSP union leaders in Visakhapatnam.

    According to the report, AP BRS president Thota Chandrasekhar collated information on ways to stall privatisation by participating in bids after his meeting with the VSP union leaders.

    “If the BRS government’s strategy works out, the Centre may have to support VSP by providing working capital as was done by former prime ministers Atal Behari Vajpayee and PV Narasimha Rao,” a senior BRS leader was quoted by TOI.

    Communist Party of India national secretary K Narayana on Monday welcomed Telangana’s interest in VSP in Andhra Pradesh.

    He said that if VSP goes into the hands of private companies like Adani Group, it would be a great loss to the country and appreciated the CM KCR’s decision to take over the PSU.

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    #Telangana #govt #bid #Vizag #Steel #Plant #Singareni

    ( With inputs from www.siasat.com )

  • Telangana: BRS stages Maha Dharna against auction of Singareni mines

    Telangana: BRS stages Maha Dharna against auction of Singareni mines

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    Hyderabad: The Bharat Rashtra Samithi (BRS) on Saturday organised a ‘Maha Dhama’ to protest against the Centre’s decision to auction Singareni Collienes Company Limited (SCCL) coal mines during Prime Minister Narendra Modi’s visit to the city on Saturday.

    BRS party working president and IT minister KT Rama Rao (KTR) took to Twitter to share a news report of the central government removing four Tamil Nadu coal blocks from the auction list following strong objections in the state. He said that the BRS is demanding the same reaction from the union government.

    KTR alleged that the BJP is discriminating against Telangana in comparison with other states.

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    Welfare Minister Koppula Eashwar, MLA Korukanti Chander and other leaders took forward the Maha Dhama in Godavarikhani chowk.

    Eashwar said that the Union government is “selling” Indian Airlines, ports, Life Insurance Corporation (LIC), Bharat Sanchar Nigam Limited (BSNL) and other public sector units to PM Modi’s “frends” Adani and Ambani. “On similar lines, Singareni, which is running in profits, will be privatised and the employees will lose their jobs because of the lack of mines”

    Panchayatraj minister Errabelli Dayakar Rao and ST Welfare Satyavathi Rathod participated in the Maha Dharna in Jayashankar Bhupalpally.

    Forest minister Allola Indrakaran Reddy, MLA N Diwakar Rao and other party leaders were present at the protest staged at Naspur mandal centre. BRS whip Balka Suman demanded the centre abandon its plans to auction the Satthupalli, Shravanapalli and Penugadapalli coal blocks.

    Speaking at the protest, Suman dubbed the auction of coal blocks as “a conspiracy” to wreck the economical condition of Telangana and warned that failure in stopping the auction will lead to a boycott of BJP leaders from the coal belt area.

    Transport minister Puvvada Ajay Kumar, MP Vaddiraju Ravichandra, MLAs Vanama Venkateshwar Rao, and K Upender Reddy continued the Maha Dhama in Kothagudem.

    Talking about the Maha Dharna, the BJP MLA Eatala Rajender held that the state government was responsible for the debts incurred by Singereni Collieries Company Limited (SCCL).

    After the amendment of the Mines and Minerals Regulation Act in 2015 that gave leverage to the Telangana government to get coal blocks allocated through Coal India, it failed to apply and secure even one of the four coal blocks directly under its control since 2017,” said Eatala.

    Rajender further alleged that the BRS willfully made the Singareni write to the Centre that mining the Tadicherla block wasn’t feasible. “Genco was allocated the Tadicherla coal block, and it requested Singareni to do the mining. But Singareni was asked to submit that it wasn’t viable,” said Eatala.



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    #Telangana #BRS #stages #Maha #Dharna #auction #Singareni #mines

    ( With inputs from www.siasat.com )

  • Telangana: Singareni sets highest annual coal production record

    Telangana: Singareni sets highest annual coal production record

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    Hyderabad: The Singareni Collieries Company Limited (SCCL) produced 671 lakh tonnes of coal in the fiscal year 2022–2023 and set a record for the highest annual amount of production.

    SCCL transported roughly 667 lakh tonnes of coal, which is 2% more than the previous year. In addition to this, it has provided coal to thermal power plants in eight other states and to over 2,000 different sectors nationwide, a press note informed.

    SCCL Chairman and Managing Director N Sridhar stated that on March 31, Singareni transported 2.64 lakh tonnes of coal, the most in its history, breaking the previous record of 2.59 lakh tonnes set on March 11, 2016.

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    The business has set a target of 750 lakh tonnes of coal production for the fiscal years 2023–2024 after being encouraged by the coal production turnover achieved during the current fiscal, he added on Saturday.

    According to Sridhar, Singareni has also broken a record by removing 418 million cubic metres of overburden during the current fiscal year, which is 7% more than the 392 million cubic metres attained in 2017–18.

    Sridhar stated that five of the total 11 coal mining locations under Singareni had exceeded their goals by a large margin. He added that the underground mines also performed well during the current fiscal, with 8 mines achieving more than 100% production.

    He said the performances of open-cast mines were also very encouraging, with 11 out of 18 open-cast mines, which are the main sources of coal production in Singareni, achieving 100% production.

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    #Telangana #Singareni #sets #highest #annual #coal #production #record

    ( With inputs from www.siasat.com )

  • Telangana: Singareni mine worker injured as side wall collapses

    Telangana: Singareni mine worker injured as side wall collapses

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    Telngna: Singareni mine worker injured as side wall collapses'

    Hyderabad: A worker at the Singareni Collieries Company Limited (SCCL) was injured on Thursday after a wall collapsed in its Adriyala Longwall Project, RG-III area.

    Katikanapalli Srinivas, sustained injuries on his back when a sidewall fell on him while he was working at the 80 TG level in the morning shift.

    However, he was immediately shifted to the Centenary colony dispensary by the authorities and was later shifted to Godavarikhani SCCL hospital for advanced treatment.

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    #Telangana #Singareni #worker #injured #side #wall #collapses

    ( With inputs from www.siasat.com )

  • Hyderabad: Singareni CMD Sridhar selected as head of NMDC

    Hyderabad: Singareni CMD Sridhar selected as head of NMDC

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    Hyderabad: Singareni CMD Sridhar selected as head of NMDC

    Hyderabad: Chairman and managing director (MD) of the Singareni Collieries Company Limited (SCCL), N Sridhar has been selected as the chairman and MD of the National Mineral Development Corporation (NMDC).

    A total of seven applications were received for the post of the head of NMDC while the Public Enterprises Selection Board (PESB) decided to recommend Sridhar’s name to the Department of Personnel and Training (DoPT) in a meeting held on Saturday.

    NMDC CMD Sumit Deb retired on February 28 and the responsibilities were temporarily handed over to director (finance) Amitava Mukherjee.

    However, applications were later invited for full-time CMD.

    Sridhar, an IAS officer from the 1997 batch, was appointed CMD of Singareni in January 2015 and has been serving in the post since then.

    He had also served as special secretary to Kiran Kumar Reddy (the last chief minister of united Andhra Pradesh) before he joined the collieries.

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    #Hyderabad #Singareni #CMD #Sridhar #selected #NMDC

    ( With inputs from www.siasat.com )

  • Singareni Collieries takes up project worth Rs 696 cr for pollution-free STPP

    Singareni Collieries takes up project worth Rs 696 cr for pollution-free STPP

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    SCCL takes up an eco-friendly project worth Rs 696 crore for pollution-free STPP

    Hyderabad: The Singareni Collieries Company Limited (SCCL) has initiated the construction of a subsidiary project, Flue Gas Desulphurization (FGD), at a cost of Rs 696 crore to make the Singareni Thermal Power Plant (STPP) a completely pollution-free facility.

    Following the directives of the Union ministry of environment and forests, SCCL has taken an environment-friendly mining initiative with one such project being constructed in the state.

    Hyderabad-based PES Engineers Private Limited has undertaken the construction of the project through the tender process and has already completed 20 percent of the work.

    SCCL chairman and managing director N Sridhar reviewed the progress of the project with thermal plant officials and construction agencies at Singareni Bhavan.

    The chairman has set the deadline for completion of the project by June 2024 and the construction of the second unit by September next year.

    “The new FGD set up as an environmentally friendly measure was likely to contribute to the plant’s operating costs through the sale of gypsum in the next period,” said the MD.

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    #Singareni #Collieries #takes #project #worth #pollutionfree #STPP

    ( With inputs from www.siasat.com )