Singareni Colliries Company (SCCL) CMD N Sridhar recently chaired a review meeting with the company’s directors, advisors, and general managers of all areas at Singareni Bhawan in Hyderabad. During the meeting, Sridhar emphasized the need to reduce the cost of production and increase productivity to prepare for tough competition with private coal production companies in the next five years. He stated that the cost of production per ton in underground mines has reached 8,000 and ordered that special efforts should be made to reduce it as much as possible.
Sridhar also highlighted the importance of achieving the target production from the four new open cast mines, which are set to begin operations this year, to achieve the company’s target of 750 lakh tonnes of coal production in the financial year 2023-24. He congratulated the GMs, workers, and officials on achieving 671 lakh tonnes coal production and 418 million cubic meters of overburden in five areas and 11 open cast mines during the last financial year.
The CMD also urged officials to work with the same spirit to achieve the target of 750 lakh tonnes of coal production in this financial year. He noted that the production of 104 lakh tonnes of coal from the Naini open cast mine in Odisha State, VK open cast mine in Kottagudem, JK OC expansion mine in Yellandhu area, and Goleti OC will be very important for the company. All these mines have obtained permissions for this huge achievement.
Sridhar further stated that all permissions have been obtained for the Naini coal block, and with more cooperation from State government officials, there is a possibility of producing 60 lakh tonnes of coal this year, 100 lakh tonnes next year, and 150 lakh tonnes per year thereafter. Almost all permits have been obtained for the VK open cast in Kottagudem, and forest permits are also coming, so at least 30 lakh tonnes of coal production should be achieved annually. The JK OC expansion mine in Illandu area is expected to produce at least 10 lakh tonnes of coal by the end of this year, and Goleti stated that 4 lakh tonnes of production should be achieved from OC.
Sridhar also mentioned that the four mines related to Singareni, which have been put up for auction by the Central government, are being re-allocated to Singareni. He said that there are all possibilities to achieve the milestone of 800 lakh tonnes of production and turnover of 50 thousand crores in the next three years. Directors and GM’s of the company were attended in the meeting.