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Business Economy

SCCL achieves record turnover of Rs 11,920 cr in first 6 months in current fiscal

Hyderabad, Oct 4 (UNI) State-owned Singareni Collieries Company Limited (SCCL) achieved a record turnover of Rs. 11,920 crore in the first six months in the current financial year 2021-22, registering a record growth of 67 per cent as against the corresponding period in the previous year.
Due to the Corona pandemic situation last year, Rs. 7,131 crore turnover was achieved during the first six months in the last financial year, SCCL said in a release here on Monday.
During the first 6 months in last year, Coal Sales were only Rs. 5,573 crore but in this financial year, it went up to Rs.10,071 crore with a growth of 81 per cent over the last year’s sales.
Similarly, Rs. 1,559 crore sales were done through power generation during the first half of last financial year, but in the first half during this financial year, the SCCL has achieved sales of Rs.1,849 crore with a growth of 18.6 per cent .
The Coal sales in the last financial year was dull due to pandemic, but due to special initiatives taken up by the SCCL Chairman and Managing Director N.Sridhar, to prevent Corona, with an expenditure of Rs. 73 crore, which include vaccination to all the employees, super specialty medical aid and regular follow-ups, the company achieved highest sales, the release said.
In addition to this, the Company has strategically taken full advantage of high demand for coal and came into new Fuel Supply Agreements(FSA’s) with Consumers.
As the Company was able to supply Coal as per demand it recorded a growth of 81 percent in sales when compared to that of last financial year.
In a statement, Mr Sridhar requested the employees to work with the same zeal during the remaining half year and achieve set targets.
At present there is a good demand for Singareni Coal and there is possibility of increase in demand in coming months too, he said all areas should be ready to achieve more than the targets fixed.
Similarly, Singareni Thermal Power Station is already achieving a good PLF (Plant Load Factor) and stands second in the country, he said.
The SCCL Chairman wished that it would continue with the same zeal and reach much greater heights.
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