Singareni Collieries to invest Rs 10K cr on expansion in 5 years

BY :6

Singareni Collieries to invest Rs 10K cr on expansion in 5 years

Singareni Collieries Company Ltd (SCCL) will be investing about Rs 10,000 crore during the next five years on expansion programmes with a target to achieve Rs 34,000-crore revenues by then, said a top official.N Sridhar, Chairman and Managing Director of 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 government-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

2018.01.07. 09:44 BY :6

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