Singareni Collieries to invest Rs 10,000 cr on expansion
Singareni Collieries Company Ltd (SCCL) is planning to invest about Rs 10,000 crore in the next five years on expansion programmes with a targeted revenue of Rs 34,000-crore after the expansion. According to the company, 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. SCCL will be opening 12 new mines (six each of underground and opencast mines) which will have capacity of 21 million tonne per annum. Currently, the miner has 47 coal mines spread across the northern part of Telangana with about 10 billion tonne reserves.