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Singareni at a record level of Rs. 14,067 Cr with a turnover of Rs. 868 Cr profit: CMD

2021-22 FY will creates new records in Production, Despaches & Turnover

Singareni Chairman & MD Sri.N.Sridhar

Hyderabad: The Singareni Collieries Company Limited has achieved record turnover of Rs 14,067 crore and earned profits to the tune of Rs 868 crore in the first seven months of this financial year.

The company had posed a growth rate of 65 per cent in turnover, 78 per cent growth rate in the sales, 18 per cent growth in sale of power and 177 per cent growth in profits over the last financial year. The Singareni is all set to achieve record growth rate in terms of profits, sales, turnover and despatch of coal to various companies during this financial year. On Saturday

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SCCL chairman and managing director Sri N Sridhar said that they had achieved a turnover of Rs 14,067 crore till October, 2021 during this financial against the turnover of Rs 8537 crore last year.

The company, which had seen losses to the tune of Rs 1129 crore during the last financial year due to the outbreak of deadly virus, had overcome the crisis by taking up vaccination of all the employees and coal miners and earned profits of Rs 868 crore in the first seven months of this financial year.

This Financial year Singareni will create new records in Prodcution, Despaches & Turnover, he added

The company had steadily increased its coal sales following the demand in the country. Last financial year, it had sold only Rs 6678 crore in the first seven months. This year, it had sold coal worth Rs 11,855 crore with growth rate of 78 percent. Similarly, the electricity sales had also increased from Rs 1860 crore to Rs 2182 crore during this financial year with 18 per cent growth.

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