Hyderabad: Singareni mulls business expansion, hike in production

Hyderabad: Singareni Collieries Company Limited (SCCL) Chairman and Managing Director N Sridhar said that competition was growing in the country's coal market and to face this competition, Singareni was ready for business expansion and substantial increase in production.

He participated in the 100th Singareni Day celebrations at Singareni Bhavan in Hyderabad. Speaking on the occasion, he said with the support of Chief Minister K Chandrashekar Rao, Singareni had grown to be a profitable entity and stood on top in the country.

Despite the difficult situation due to Covid, employees were paid two types of bonuses amounting to Rs 540 crore and all the welfare activities were going on as usual, he said. He added that due to the changed coal market scenario, Singareni was facing competition not just from Coal India but also from private developers and to face such situation, SCCL's production cost of coal would be reduced, machinery and employee services to the fullest to increase the production.

Business expansion was being taken up for Singareni to sustain the same way for another 100 years. He explained that along with the 1,200 megawatts thermal power plant, solar plants are also being erected across Singareni, production from two coal blocks in Odisha would also begin and all these business expansion plans were intended for the future of Singareni.

He explained that the erection of solar power plants of Singareni would be completed by 2021 and 300 megawatts of power production would begin. Apart from these, another 300 megawatts floating power plants were also being planned.

On this occasion, he felicitated the best employees DGM (Marketing & Strategy planning) Marepalli Venkateshwarlu, DGM (Law) N Venkateshwar, Law Department PA BV Padmavathi, S & PC Security Gade Hareram.

Advisors DN Prasad, K Surendra Pandey, General Managers K Ravishankar and Ravishankar, CMOAI General Secretary N V Rajashekar Rao and Administrative Manager N Bhaskar, poets Jayaraj, Ganashankar Pujari participated in the programme.