Khammam: SCCL chief to discuss company profits with CM soon

Khammam: Singareni Collieries Company Limited (SCCL) Chairman and Managing Director N Sridhar informed that he would soon meet Chief Minister K Chandrashekar Rao and discuss profits of the company and their distribution to workers.

Speaking at a board meeting in Hyderabad on Friday, the CMD appreciated the workers for making the company meet the production targets and gain profits. He informed that the company had made a profit of 1,766 crore in 2018-19 financial year.

He also informed that after the formation of the new State, the company saw stellar growth. He also reviewed the company's profits in the last five years. State Finance Chief Secretary K Ramakrishna Rao, Union Coal Ministry Deputy Secretary PSL Swamy, Director Mukesh Chowdary and company directors S Shankar, S Chandra Sekhar, B Bhasker Rao, N Balaram and company secretary G Srinivas attended the meeting.