Buoyed by the record growth of 36% in the coal and energy sales during the first quarter of the current fiscal, Singareni Collieries Company Ltd (SCCL) is eyeing a record production beyond the target of 70 million tonnes with the management aiming for 74 million tonnes.
In terms of production, the public sector coal company has mined 16.92 million tonnes of coal during the April-June quarter of 2022-23 against the target of 17.02 million tonnes. Last year, the production was 15.57 million tonnes in the first quarter. The dispatches of coal, however, crossed the target as they were at 17.3 million tonnes against the target of 17.02 million tonnes. Last year, they were at 16.7 million tonnes.
Performance of the company in the first quarter was reviewed by Chairman and Managing Dirctor N. Sridhar here on Monday with the Area General Managers taking part virtually, while the Directors and Advisors attended in person. The management complimented the employees/workers for achieving the record turnover and making available contracted quantity of coal to customers having linkage, in spite of facing some shortage of explosives.
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