SCCL to make most of coal demand from economic activity revival
The Hindu
Company mines 20.44 MT coal in 4 months against 70 MT target for 2021-22
With the coal demand back on track along with the economic activity, Singareni Collieries Company Ltd (SCCL) is planning to achieve the targets set for itself this financial year by scaling up production in the existing mines and going for extraction in new mines such as JVR-OC-2 (expansion), for which it has secured environmental clearance recently. As part of achieving targets and crossing them, the company has also taken to promotion of indigenous coal against imported one. The company could not reach targets of production and dispatch of coal during the last two financial years – 2019-20 and 2020-21 due to the Covid-19 pandemic impact on the economic activity. It has set targets of 70 million tonnes (MT) of coal production and dispatches this fiscal. “Achieving a growth of 82% in term of coal dispatches (sales) during the April-July period of the current financial year compared to the same period last year is an indication of good prospects. Against coal sales of ₹3,816 crore achieved during the four-month period of 2020-21, we could scale up to ₹6,949 crore during the same period this fiscal”, a senior executive of the company said.More Related News
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