To meet the power demands of the State, Singareni Collieries Company Ltd (SCCL) is planning to open new mines and sets a target to produce 90 million tonnes of coal per year by 2020-21. This is intended to meet the demands of the new upcoming thermal power projects in the State and various other coal based industries. This will also create job opportunities to around 10,000 youth.
Singareni is also expanding its business of coal production from the Naini block in Odisha which has been allotted by the Central government. The company has established a 2 X 600 MW power plant at Jaipur in Mancherial district as part of diversification from coal mining. This power plant is generating power and is connected to the Gajwel power grid. Further, additional 1 X 800 MW Super Critical Power Plant is planned at the same place.
The year 2016-17 has turned out to be a path breaking year for Singareni Company Collieries Litd with the coal production touching 61.40 million tonnes against the target of 58.00 million tonnes. The dispatches have jumped to 60.8 million tonnes against the target of 58 million tonnes. Similarly, Singareni’s turnover went up to Rs 18,389 crores, an increase of 11.3 percent when compared to Rs. 16,516 crores achieved last year.
The only coal producing company in South India since 1889, Singareni is meeting the requirements of Tamil Nadu, Karnataka, Maharashtra, Kerala, Andhra Pradesh and Telangana. Requirements of major thermal stations, cement, fertilizer and Pharmaceutical Industries are all met through its coal supply. Of the 60.82 million tonnes of coal dispatched during 2016-17, 50.65 million tonnes (83%) was supplied to thermal power stations.
Presently Singareni is operating 46 mines of which 30 are underground and 16 opencast mines. From 10,846 million tonnes of coal reserves available in the command area of SCCL, 1,310 million tonnes are extracted so far. By continuing the same trend of production, the coal extraction can be continued for 100 more years, according to a press release.
After formation of Telangana, all employees were given increment with an additional financial impact of Rs. 5.04 crore per month. The production increased from 50.47 MT in 2013-14 (before formation of Telangana) to 61.34 MT in the year 2016-17 with a growth of 21 percent. The SCCL coal dispatches also increased from 47.89 MT (2013-14) to 60.80 MT (2016-17).
N Sridhar, Chairman and Managing Director, SSCL, congratulated all the employees for their remarkable achievement and conveyed his thanks to the Chief Minister, K Chandrashekhar Rao, and G Jagadish Reddy, Minister for power, for their support and co-operation. After formation of Telangana State, Singareni has taken up new recruitments in a big way and provided employment opportunity to 5,500 persons.
In order to provide employment to the unemployed youth, ‘Singareni Animuthyalu” was introduced under which, job melas were conducted enabling the unemployed youth to get job opportunities in various private companies. This apart the company is taking up many welfare schemes for employees and enhanced exgratia for those who die in mine accident from Rs. 7 lakh to Rs. 25 lakh.
News Source : Other