Bharat Rashtra Samithi (BRS) president and Chief Minister K. Chandrasekhar Rao said that the Singareni Collieries Company Limited (SCCL), which grappled with losses during the Congress government in united Andhra Pradesh, registered a significant turnaround since the formation of Telangana.
The State-owned coal company’s turnover has increased from ₹11,000 crore in 2014 to ₹33,000 crore now, and its profits surged from ₹419 crore before the formation of Telangana to a whopping ₹2,184 crore at present, he noted, crediting the company’s profitable growth journey to efficient administration in the last nine-and-a-half years.
Addressing an election meeting in the coal town of Kothagudem on Sunday afternoon, Mr. Rao said that Dasara bonus of ₹700 crore, a share of the company’s profits, was paid to SCCL employees this year. The 134-year-old coal company is moving forward on the path of progress with an addition of young workforce. As many as 19,463 posts were filled as part of recruitment drives in SCCL after TS formation, he said.
