SCCL Targets 85 Mt Of Coal Production By 2024
Singareni Collieries Company Limited (SCCL), jointly owned by the Government of India and the Telangana state government, has done many a first in the Indian coal mining sector and is currently on a steady growth path. During 2017-18, SCCL is expecting to record 63 mt of coal production and 65 mt of despatches. The coal PSU has chalked out a detailed production roadmap to reach 85 mt by 2024, N Sridhar, Chairman & Managing Director, SCCL, tells Arindam Bandyopadhyay. Furthermore, in the next 5 years, SSCL plans to open 13 mines (6 new underground mines and 7 opencast ones) which will add capacity of 32 mt. On the financial front, the company plans to achieve ₹2,000 crore in net profit with an annual turnover of ₹28,000 crore during fiscal 2020-21. In washeries, apart from the existing 3 units, SCCL is planning to establish 3 more at Bellampalli, Ramagundam and Sathupalli. However, owing to the current dynamics in the global coal market and falling coal prices, overseas block acquisition has been slowed down and, at present, there are no such proposals on the anvil. Excerpts from a free-wheeling interview:
You have just completed 3 years as the chairman-cum-managing director (CMD) of Singareni Collieries Company Limited (SCCL). How would you describe your tenure at this state-owned coal mining company?
The last 3 years has been a period of overall growth for SCCL. There has been a significant growth in both physical and financial terms.
Coal production, during my tenure, has increased from 52 million tons (mt) to 62 mt. The average growth rate in production for the past 3 years has been 6 percent as against 1.5 percent seen for 5 years prior to 2015. In terms of despatches, the average growth rate for the past 3 years has been 8 percent versus 1.5 percent seen for the preceding 5 years.
هذه القصة مأخوذة من طبعة January 2018 من Coal Insights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 2018 من Coal Insights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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