Kothagudem: The Singareni Collieries Company Limited (SCCL) is targeting 100 million tonnes coal production in the next five years, company Chairman and Managing Director (CMD) N Sridhar said on Sunday. Towards that end, the SCCL will expand coal mining by adding 12 new mines in the next five years and plans are afoot to take up mining in other States too, the CMD said..
He was speaking at the 130th foundation day of the SCCL, celebrated as ‘Singareni Day’, in Kothagudem. Speaking on the occasion, he said the company’s profits in the current financial year may range between Rs 1,400 crore to Rs 1500 crore. Sridhar further said that SCCL has plans to expand coal mining in Odisha and Chhattisgarh where the company obtained permissions in six places from the respective State governments. Coal production in a block in Odisha will be taken up on a full scale in the next two years while works related to another block will commence in the next two months. The SCCL has been supplying coal to as many as 2,000 industries spread in four States, he said. The SCCL CMD revealed that the company has been doing well in the field of power production. The thermal power plants set up by the company were producing 1200 MW power. Efforts are on to set up a 300 MW solar power plant also, he said. Talking about the proposed railway line between Bhadrachalam road and Sathupalli, he said it will be constructed in the next two years with an expenditure of Rs 710 crore. The SCCL will bear Rs 610 crore of the total cost and the land acquisition process has already begun, Sridhar said. Stressing the need to achieve zero accident rate in SCCL, he said proper measures have been taken to ensure the safety of workers. “Steps are being taken to implement Australian technology to enhance safety standards,” he said and added that issue of allocating land for house construction for officials and employees is under consideration..