Singareni declared 7.5% dividend (profit of Rs 490 cr), a cheque for 66.42 cr (51% share) was handed over to Telangana Chief minister K.Chandrashekar Rao.
Singareni Collieries extracted 520 lakh tonnes of coal in 2014-15 & set to achieve 600 lakh tonnes target for 2015-16
Singareni Collieries stood first in the country in coal production with a growth rate of 23% as against Coal India Limited’s 8%.
Telangana TransCo signed Power Purchasing Agreements with NTPC and Singareni Collieries in the presence of CM .SPDCL, NPDCL will get 1600 MW power from NTPC Ramagundam as per the rate prescribed by Central Electricity Regulatory Commission.
While the Distribution companies will get 1200 MW power from Singareni Collieries’ Jaipur unit starting April 2016 at the rate prescribed by State ERC