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Singareni Surging Ahead with unprecedented growth
  Hyderabad: State owned Singareni Collieries Company Limited (SCCL) stood number one in growth amongst Government organizations after the formation of Telangana State.  Setting at rest all the doubts that were raised about the future of the company before the formation of Telangana  state, The Singareni Collieries Limited has grown with tremendous rate. A press release said that the company has shown growth which has never been witnessed in the 129 years of its existence and stands as an example not just for Government organizations in Telangana but for all Government Organizations in India.

The Coal production, coal transport, OB removal and profits are much higher and unparalleled in the last five years (2014-19) when compared to the five  years before the formation of Telangana i.e (2009-14).  Coal India which has eight subsidiaries could not match such growth in the last five  years. During the  5 years before formation of Telangana,  the growth in coal transport was 90 lakh tonnes, and  after  formation of Telangana in the last five years(2014-19) the growth was 200 lakh tonnes.  i.e a growth rate of  122%.

Similarly, during the same five  years period before the formation of Telangana, the growth in OB removal was just 70 million cubic meters whereas after the formation of Telangana in the last 5 years it went up to 250 million cubic meters, i.e a growth rate of 257%. The Sales also took a leap after the formation of Telangana.  Before the formation of Telangana in 5 years the growth in sales was  Rs. 5600 crores and after the formation of Telangana, in the last 5 years (2014-19) it recorded  Rs. 13000 crores Sales i.e a growth of 132%. Similarly profit after taxes has also gone up.  Before the formation of Telanganna in the  5 years the growth in profits after tax was  290 crores, whereas after the formation of Telangana in the last 5 years the growth in PAT recorded  Rs.1200 crores (314%), the release added.


Tags: Singareni, Coal Mines, Telangana, Singareni Collieries Company Limited, SCCL
 

    
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