The Singareni Collieries Company Limited (SCCL), which grappled with losses during the successive Congress governments in the past, made a remarkable turnaround after the formation of Telangana and posted a record net profit of a little over ₹2,200 crore during 2022-23 fiscal, said BRS president and Telangana Chief Minister K Chandrasekhar Rao.
The BRS government kept the SCCL, the pride of Telangana, back on growth track and gave 32 percent of the profits of the company to the workforce as Dasara-Deepavali bonus amounting to ₹1,000 crore recently, he claimed. Mr Chandrasekhar Rao addressed election meetings in the State’s coal belt region on Friday as the campaign for Telangana Assembly polls reached its last leg. He addressed separate meetings christened ‘Praja Ashirwada Sabhas’ in Mancheiral, Ramagundam and Bhupalpally towns.
Speaking at a public meeting held in Mancherial, Mr Rao said the lopsided policies of the then Congress governments landed the SCCL in financial doldrums. Due to the concerted efforts of the company management and workforce, driven by prudent growth strategies, the SCCL has made significant strides in the last nine-and-a-half years.
