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No proposal for privatization of Telangana's SCCL is under consideration of Centre : PM

No proposal for privatization of Telangana's SCCL is under consideration of Centre : PM

Ramagundam, Nov 12(UNI) Prime Minister Narendra Modi on Saturday clarified that there is no proposal for privatization of Singareni Collieries Company Limited (SCCL) in Telangana.
Addressing the gathering after laying foundation stone and dedicated to the Nation Multiple projects worth more than Rs 9,500 crore here, he pointed out that similar rumours are currently being spread in Telangana regarding 'Singareni Collieries Company Limited-SCCL' and various coal mines.
“The Government of Telangana holds 51% stake in SCCL, while the Central Government holds 49%, Modi said the Centre cannot take any decision related to the privatization of SCCL at its own level”.
Earlier, the Prime Minister paid a visit to the Ramagundam Fertilizers and Chemicals Limited (RFCL) plant.
UNI CS

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