Singareni Collieries set for Rs 10k crore expansion

N Sridhar, CMD, SCCL, said the investment involves expansion of new mines, adding 800 mw to the existing 1,200 mw power plant and setting up 500 mw solar power project. 

The Centre-owned coal mining company is poised to clock Rs 24,000-crore income this year from both selling coal and power and aims to take this figure to Rs 34,000 crore in five years. 

“We are expanding the existing power plant (of 1,200 mw) by adding 800 mw. We expect the work to start next year. We are also in the process of setting up a 500 mw solar power project. “We are opening 12 new mines (six underground and as many opencast) which will have capacity of 21 million tonnes per annum. The total investment for all the programmes would be Rs 10,000 crore in the next five years,” Sridhar said. 

“Broadly, we see capex of Rs 2,000 core per annum from the next year for five years,” he added.

Currently, the miner has 47 coal mines spread across the northern part of Telangana with about 10 billion tonne reserves. Under Sridhar, who took charge three years ago, SCCL has been showing growth in both production and dispatches. 

“This year we expect 62.5 MT production by the end of the current (fiscal) year. We added about 10 MT growth during the past three years,” he said.