Sunday, Jan 29, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Bhadradri Kothagudem | Sccl Ready For Expansion Increasing Production N Sridhar

SCCL ready for expansion, increasing production: N Sridhar

Despite the difficult situation due to Covid, employees were paid two types of bonuses amounting to Rs. 540 crore, besides continuing with all welfare activities as usual, he said

By Telangana Today
Published Date - 07:40 PM, Wed - 23 December 20
SCCL ready for expansion, increasing production: N Sridhar
Singareni Collieries Company Limited (SCCL) Chairman and Managing Director N Sridhar speaking on the occasion of the 100th Singareni Emergence Day celebrations at Hyderabad Singareni Bhavan on Wednesday.

Hyderabad: Singareni Collieries Company Limited (SCCL) Chairman and Managing Director N Sridhar said the competition was growing in the country’s coal market and to face it, SCCL was ready for business expansion and substantial increase in production. “Singarenians are ready to face any challenge,” he said.

Speaking on the occasion of the 100th Singareni Emergence Day celebrations at Hyderabad Singareni Bhavan, he said before 1998, Singareni incurred losses for 20 years continuously and was on the way to closure, but thanks to the collective efforts of employees and officials, it came out of the red.

For the past 20 years, the company has been earning profits, particularly after formation of Telangana State, and with the support of Chief Minister K. Chandrashekar Rao, it has grown to be profitable and topped the country, Sridhar said.

Despite the difficult situation due to Covid, employees were paid two types of bonuses amounting to Rs. 540 crore, besides continuing with all welfare activities as usual, he said.

He said due to the changed coal market scenario, SCCL was facing competition not just from Coal India but also from private developers and to face such situation, its production cost has to be reduced. “For this, machinery and employees have to work towards increase in production,” he said.

Business expansion was being taken up to sustain the same levels for another 100 years, he said, adding that along with the 1200 megawatts thermal power plant, solar plants are also being constructed. Production from two coal blocks in Odisha will also begin and all these business expansion plans are part of the long term plans of the SCCL, he said.

Sridhar explained that the setting up of solar power plants at Singareni will be completed by 2021 and 300 megawatts of power production would begin, and apart from these, another 300 megawatts from floating power plants was also being planned.

He said that SCCL was at the forefront of welfare activities and was better than any company in the country. “More profits can be generated only by increasing production. With these profits, the company will progress and welfare activities can be taken up,” he said.

Sridhar felicitated the best employees – DGM (Marketing & Strategy Planning) Marepalli Venkateshwarlu, DGM (Law) N. Venkateshwar, Law Department PA B. V. Padmavathi, and S&PC Security Gade Hareram.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


 

  • Follow Us :
  • Tags
  • Hyderabad
  • hyderabad hard news
  • Hyderabad latest news
  • Hyderabad News

Related News

  • From Dangals to modern mats, Akhadas wrestle to stay afloat

    From Dangals to modern mats, Akhadas wrestle to stay afloat

  • 119 BC schools in Telangana to be upgraded into junior colleges

    119 BC schools in Telangana to be upgraded into junior colleges

  • Rajanna-Sircilla: Govt schools to have live online classes

    Rajanna-Sircilla: Govt schools to have live online classes

  • DGP Anjani Kumar transfers 41 DSPs in Telangana

    DGP Anjani Kumar transfers 41 DSPs in Telangana

  • Hyderabad: Vehicles allowed into Numaish grounds till 3 pm

    Hyderabad: Vehicles allowed into Numaish grounds till 3 pm

  • Trimulgherry rehab death: Cops record statement of staff

    Trimulgherry rehab death: Cops record statement of staff

Latest News

  • U-19 Women’s T20 WC: Just believe in yourself, is Shafali Verma’s message to Indian team ahead of final

    9 mins ago
  • Nawazuddin Siddiqui prays to Lord Hanuman as he announces his Telugu debut

    1 hour ago
  • Rewind: The name is Bond. James Bond

    7 hours ago
  • Destination USA: Embracing Diversity, Equity, and Inclusion

    8 hours ago
  • Modikunta Vagu, Gudem LIS DPR likely to be cleared by CWC soon

    9 hours ago
  • TSPSC adds 141 more vacancies to Group-IV recruitment

    9 hours ago
  • Tackling allergens: Warangal teen proposes new model at G20 Startup event

    10 hours ago
  • Hyderabad: Road caves in at Himayatnagar

    10 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam