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Singareni records turnover of Rs. 119.20 Cr in the 1st half year

67% Growth when compared to last year : 81% Growth in coal sales: 19% Growth in power sales : “Let’s achieve excellent growth in the remaining six months”: C  MD N. Sridhar

During last financial year, due to corona the coal sales were dull. From then onwards the Chairman & MD Sri.N.Sridhar took special initiatives to prevent Corona with an expenditure of Rs. 73 crores, which include  vaccination to all the employees, super specialty medical aid etc.  In addition to this the C&MD’s reviews and regular follow-ups resulted in achieving highest sales.

Singareni Collieries Company Limited achieved turnover of Rs. 11,920 crores in the first six months ending with September of this financial year, thus achieving a record growth of 67%   when compared with that of last financial year.

Due to Corona pandemic situation last year Rs. 7,131 crores sales were achieved during the first six months of last financial year, whereas SCCL could achieve the highest sales during this first half of this financial year(2021-22) due to the large scale Corona preventive  measures taken up within the company.

Last year during first 6 months coal sales were only Rs. 5,573 crores but this financial year they went upto Rs.10,071 crores with a growth of 81% and with an  increase of Rs. 4,499 crores over the last year’s sales.

Midle of the post

Similarly Rs. 1,559 crores sales were done through power generation during first half of last financial year, but SCCL could record  a sales of Rs.1,849 crores with a growth of 18.6% during the first half of this financial year.  Thus, an increase of Rs. 290 crores in power sales were achieved over last year. There was an overall increase of Rs. 4,789 crores of sales of Coal and Power on that of previous year.

During last financial year, due to corona the coal sales were dull. From then onwards the Chairman & MD Sri.N.Sridhar took special initiatives to prevent Corona with an expenditure of Rs. 73 crores, which include  vaccination to all the employees, super specialty medical aid etc.  In addition to this the C&MD’s reviews and regular follow-ups resulted in achieving highest sales.

Added to this the Company has strategically taken full advantage  of high demand for coal. Company came into new Fuel supply agreements(FSA’s) with consumers. As the company was able to supply coal as per demand there recorded a growth of 81% in sales when compared to that of last financial year.

Let us work hard the same way in the remaining half year as well: C MD N. Sridhar

Singareni Chairman and MD Sri. N. Sridhar requested the employees to work with the same zeal during remaining half year and achieve set targets. At present there is a good demand for Singareni coal and possibility of increase in demand in coming months too.  Hence, he said all Areas should be ready to achieve more than the targets fixed.  Similarly, Singareni thermal power station is already achieving good PLF and stands 2nd in the country and he wished that it would continue with the same zeal and reach much greater heights.

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