Singareni handed over a check of Rs 62.17 Cr for the construction of Kottagudem-Sattupalli railway line
His total contribution so far is Rs.618.55 crore: Railway line to be completed by February
Singareni on Friday (December 3) handed over a check of Rs 62.17 crore as its final installment for the ambitious Kottagudem-Sattupalli railway line, a joint venture between Singareni Calories and South Central Railway. Singareni Executive Director (Coal Moment) J Alvin, GM (Coordination, Marketing) K Suryanarayana and GM (Civil) Ramesh Babu handed over the check to GM Gajanan Mallya of South Central Railway at the railway station in Secunderabad.
With this, Singareni has paid a total of Rs 618.55 crore for the project on its own. The Railway GM assured that steps would be taken to complete the work on the Sattupalli-Kottagudem railway line as soon as possible, thereby facilitating the transportation of coal.
Inaugurated on the initiative of Chairman and MD N. Sridhar
In the wake of the opening of surface coal mines at Kottagudem Area Sattupalli, the Chairman and MD N Sridhar of the company had asked the Railway Department to start the Sattupalli-Kottagudem railway line four years ago with the intention of transporting coal in an environmentally friendly manner.
The Department of Railways responded positively to his request and entered into a Memorandum of Understanding (MoU) with the US to complete the project.
According to the revised estimates, the construction of the railway line will cost Rs 927 crore, with Singareni contributing Rs 618.55 crore and the Railways Rs 309.3 crore.
To this end, Singareni had previously paid Rs 556.38 crore in installments. He paid his share in full by handing over a check of Rs 62.17 crore on Friday.
Environmental benefit by rail `Low cost coal transportation
Coal currently being produced from the Sattupalli mines is being transported by lorries to the Rudrampur coal handling plant in the Kottagudem area, 70 km away.
Moving the nearly 30,000 tonnes produced here by lorries per day will not only cause some inconvenience to the environment but also increase the cost of transportation. With the completion of the same 53 km Sattupalli-Kottagudem railway line, it will be possible to transport coal in an environmentally friendly and cost-effective manner.
Accelerated Railway Line in collaboration with Singareni: South Central Railways G.M.
Railways GM Gajanan Mallya said that the construction work was completed as soon as possible as they had received full cooperation from Singareni in the construction of the project jointly undertaken by the Railway Department and Singareni.
He especially thanked Singareni for his support in all possible ways in the construction of the project and other works. This is a project where land acquisition is completed in a short time. He said the railway line would be completed and made available as soon as possible (in two to three months).
The event was attended by R Dhanunjayulu, Principal Chief Operations Manager, South Central Railways, Marapally Venkateshwarlu, Singareni DGM (Marketing) and Railway officials.