Hyderabad: Singareni Collieries Company Limited (SCCL) Chairman and Managing Director N Sridhar on Sunday called upon employees to rededicate themselves to serve the country through coal production and help in generating thermal and solar power.
The SCCL has been serving South India even before independence through coal production, he said, participating in the 75th Independence Day celebrations organised at Singareni Bhavan here.
To meet the needs of the county, private organisations are getting into mining and selling coal and to overcome this competitive situation, the SCCL has to sustain and go forward. Since steps like starting new mines, business expansion, quality improvement, ease of doing business and reduction of production expenses are being taken up, the cooperation of officials and workers unions was required, he said.
Even in the difficult Covid times for the past one year, the SCCL has spent almost Rs.72 crore for rapid tests, vaccination and medical services. It set up oxygen plants at five places on its own. Because of preventive measures coupled with medical services, the lives of many workers were saved, he said.
In the first four months of this financial year, the SCCL has achieved 90 per cent growth in turnover, 72 per cent growth in transport and 65 per cent growth in production when compared to the same period last year.
There were losses of Rs.300 crore in the same period last year while this year the profits were more than Rs.800 crore, he said. The SCCL was surging ahead with renewed enthusiasm for the next eight months to set targets and create history by achieving 700 lakh tonnes of coal production and transport.
Production would begin in the new projects at GDK-5 open cast and Naini project in Odisha in addition to five million tonnes of production expected from JVR OC-2 at Sattupalli. “We are ready to take up new coal blocks in other States,” Sridhar added.
On the occasion of Azadi Ki Amrit Mahotsav and Independence Day celebrations, the officers and staff of Singareni Bhavan organized a photo exhibition with the photographs of 75 freedom fighters.
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