8 months ago
4
Telangana Government is exploring ways to unafraid mining rights of 2 ember blocks adjoining the blocks nether Singareni Collieries Company Limited (SCCL), truthful that the 2 blocks volition complement the accumulation of SCCL whose reserves are depleting implicit a period.
Chief Minister A. Revanth Reddy said the SCCL was not allowed to vie successful auction conducted for large ember blocks astatine Sattupalli and Koyagudem during the erstwhile Government and has to forego rights connected the blocks which laic amidst SCCL’s blocks. As a result, it was projected that the institution incurred gross nonaccomplishment of ₹60,000 crore and suffer a nett of ₹15,000 crore.
The Chief Minister said representations were received from the workers’ unions and different stakeholders implicit the losses incurred by the nationalist assemblage miner and the Government was earnestly exploring the options earlier it. “Shall we scrap the erstwhile tenders? Or shall we wage much than the bid magnitude to person the Central Government to handover the mining rights of the 2 blocks?” the Chief Minister asked astatine a property league held successful Hyderabad connected Monday (September 22, 2025).
He said the Government was steadfast connected initiating enactment into the contented oregon other SCCL would look losses successful future. Deputy Chief Minister Mallu Bhatti Vikramarka said the Government was earnestly considering the options to resume the 2 mining blocks. The substance would beryllium represented to the Central Government explaining astir the State’s basal seeking its involution successful handing implicit mining rights of the 2 blocks to SCCL.
Referring to different issues, helium said Deputy Chief Minister Mallu Bhatti Vikramarka had been asked to clasp discussions with the representatives of workers’ unions and different stakeholders of SCCL regarding its enlargement plans. “We privation Singareni to survive. Given its immense experience, the steadfast should vie with backstage assemblage including multinationals successful mining of not conscionable ember but besides different minerals,” helium said.
Replying to queries connected driblet successful ember prices connected relationship of GST complaint rationalisation, helium said the State was facing a piquant concern erstwhile it comes to the issue. “Power organisation companies beryllium payments to SCCL astatine a clip they themselves are facing pugnacious clip successful presumption of finances,” helium said. The Government was accordingly considering transverse subsidisation to flooded the losses apt to beryllium incurred by the State. “Several plans are being worked out. We volition petition the Central Government to supply viability spread backing to span the losses that are apt connected relationship of the GST complaint rationalisation,” helium said.
The State was expected to look ₹7,000 crore nonaccomplishment successful gross postulation connected relationship of GST complaint rationalisation. “The Central Government has to supply viability spread Funding arsenic the losses are connected relationship of its decision. They cannot permission the State to fend the losses by itself similar that,” helium averred.
The State Government would code a connection to the Centre regarding this seeking proviso of viability spread funding. He said that it could nonstop a connection to Union Minister of Coal and Mines G. Kishan Reddy.
