Hyderabad: The Singareni Collieries Company Limited (SCCL) did not just focus on increasing its production and profits during the 2017-18 financial year. It also launched and implemented several welfare schemes for its workers inspired by the special interest taken by Chief Minister K Chandrashekhar Rao and his guidance towards ensuring welfare of the company workers, according to SCCL Chairman and Managing Director N Sridhar.
“Such welfare schemes cannot be seen in any other coal-producing companies in India,” Sridhar was quoted as saying in an SCCL release on Monday.
Among the schemes and development activities initiated for workers’ welfare are employment to the kin, a ten-fold increase in matching grants, provision of healthcare in a super specialty hospital for workers’ parents, payment of interest for up to a loan of Rs 10 lakh for construction of houses and payment of education fee for children of workers studying in IITs and IIMs.
Sridhar said in addition to providing air-conditioning for workers’ quarters, SCCL implemented a 25 per cent increase in the profit bonus for workers, a manifold increase in festival advances, Telangana Formation Day increment for all workers, Rs 25 lakh one-time payment or Rs 25,000 per month for workers who had to give up their employment on health grounds and declaration of holidays for Ambedkar Jayanthi, Ramzan and Christmas.
During the year, SCCL also filled 7,200 vacancies and regularised employment of 2,718 contract employees as general workers.
Flying high in power sector too
The Singareni Collieries Company Limited (SCCL) has also made its mark in the power sector with efficient operation of its 18-month-old 1,200 Mega Watts thermal power plant, achieving a 91.1 per cent Plant Load Factor (PLF) taking it to the fifth spot among the 500 thermal power stations in the country.
According to SCCL Chairman and Managing Director N Sridhar, the Singareni Thermal Power Plant (STPP), over the past three months, had been placed fifth by the Central Electricity Authority among the top 25 thermal power plants in the country.
In the just completed 2017-18 financial year, STPP produced a total of 9,575 million units of energy supplying 9,004 MU to the State’s power grid and in the process, earned Rs 400 crore in revenue. With STPP supplying power to Telangana’s power distribution companies at a price lower than other power producers, the Discoms in return managed to save about Rs 1,000 crore.
Sridhar said the STPP was planning to increase its total power production to 2,500 MW in the next five years. These plans include another 800 MW thermal station and a 500 MW solar power plant.