Singareni posts 67% growth in revenue from 2021-22 H1 sales

Sale of coal, energy up by ₹4,789 crore compared to last year; Coal production up by 65%, dispatches by 75% in first 6 months of the fiscal

Leaving behind the impact of COVID-19 pandemic on its performance last year, which was estimated over ₹5,000 crore, Singareni Collieries Company Ltd (SCCL) has regained its strength with the help of the recovery of economic activity and increase in the demand for energy and posted sales of ₹11,920 crore in the first half of the 2021-22 fiscal.

It is 67% higher compared to ₹7,131 crore sales achieved during the first six months of the last (2020-21) financial year. The growth includes 81% in coal sales and 19% in energy sales. In monetary terms, the growth in revenue from sales was ₹4,789 crore higher in the first half this year, compared to last year.

According to the company officials, the company has realised ₹10,071 crore revenue during the first six months of this fiscal against ₹5,573 crore achieved during the same period last year. The 81% growth in coal sales translates into revenue of ₹4,499 crore higher than last year for the six-month period.