Singareni sets 100 million tons of coal production per year in five years
Plans underway to start an additional 800MW thermal power project at Jaipur Thermal Power Station
Singareni forecasts Rs 50,000 crore business in five years and makes profit of Rs 3,000 crore
HYDERABAD: Singareni Collieries Company Limited has set a target to produce 100 million tonnes of coal per year by opening 10 new projects across the country in the next five years, said N Sridhar, Chairman and Managing Director of Singareni .
Speaking after raising the national flag on the occasion of the 76e During the Independence Day celebrations at Singareni bhavan in Hyderabad on Monday August 15, he said the Singareni play a crucial role in the development of the country by supplying coal to more than 2,000 industries in southern India . Similarly, the Singareni were also contributing to the growth of the country by generating thermal and solar energy, he said.
Already, the Singareni was generating 1,200 MW of thermal power in the state, he said and added that the government had given instructions to open another 800 MW thermal power plant, which would be taken over very soon. He said Singareni Thermal Power Plant has won several national awards with power generation at good plant load factor on par with Navaratna companies.
He said the Singareni were making progress in the separate state of Telangana. Prior to the formation of the state of Telangana, the turnover was only Rs 12,000 crore and it had crossed Rs 26,500 crore in the last financial year. He said the Naini coal block in Odisha state is ready to start coal production in three months.
Reiterating that Singareni was committed to achieving its coal production target of 100 million tonnes over the next five years, he said the increased coal production would ensure revenue of Rs 50,000 crore and profits of over Rs 3,000 crore.
He also called on all Singareni employees to strive to achieve the targeted coal production of 700 lakh metric tons of coal in this financial year to achieve the turnover of Rs 33,000 crore and realize benefits.
On this occasion, the C&MD congratulated the best collaborators DGM (Marketing) Sathu Sanjay and the sports supervisor Shalem Kumari. Advisors (Mining) DN Prasad, Advisor (Forestry) Surendra Pandey, ED (Coal Movement) J Allwyn, GM (Coordination K Surnayarayana, GM (Marketing) M Suresh, General Secretary Coal Mining Officers Association SV Rajashekhar Rao, Administrative Manager S Bhaskar and others were also present.
Earlier, Singareni officials staged a massive rally with the photographs of 75 freedom fighters on the occasion of the Independence Day Diamond Jubilee celebrations. The rally started from Singareni bhavan and passed through Niloufer Cafe, FAPCCI bhavan, Saifabad Police Station and back.