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Singareni achieves all time record Rs 23,225 Cr turnover in first 9 months: CMD N. Sridhar

23 percent growth over last year

Singareni is aiming for a turnover of 34 thousand crores by the end of this year

Chairman and MD Shri N. Sridhar announced

Singareni Company has achieved an all-time record turnover of 23,225 crore rupees by the end of the third quarter of this financial year ending in December, the Chairman and MD of the company Mr. N. Sridhar informed in an announcement on Wednesday. This is 23 percent higher than Singareni’s turnover of Rs 18,956 crore for the same period last financial year.

In the last financial year 2021-22, Singareni’s annual turnover was 26,619 crore rupees, and by the end of this financial year, the turnover of the company is likely to reach 34 thousand crore rupees, he expressed hope.

Singareni Turnover -2022-23 (as on 31st December)

serial number April-December 2022 2021 Growth percentage
1 through coal sales 19,934 crores 16,084 crores 24
2 Through power sales 3,291 crores 2,872 crores 15
3 total 23,225 crores 18,956 crores 23

It has been revealed that Singareni Company has achieved Rs.19,934 crore through coal sales and Rs.3,291 crore through electricity sales in the total turnover achieved by the end of the third quarter ended this December. In this way, 24 percent growth in coal sales and 15 percent growth in electricity sales was recorded last year.

He said that during the first 9 months of this financial year, Singareni has produced 472 lakh tonnes of coal and the same amount of coal has been transported, and with the same rate, there is a possibility of producing and transporting around 700 lakh tonnes of coal by the end of the year. He explained that we have achieved a record turnover of more than Rs.34 thousand crores.



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