Singareni Collieries Aims for massive turnover growth
The Singareni Collieries Company Ltd (SCCL) is set to scale new heights in the coming years as it strives to achieve a staggering turnover of Rs 60,000 crore. This ambitious goal, up from the Rs 37,500 crore figure recorded in 2023-24, is indicative of the company’s determination to expand and diversify its business operations.
Diversification in collaboration with State Government
At the recent ‘Praja Palana Dinotsavam’ celebrations, the Chairman and Managing Director of SCCL, N. Balaram, unveiled the company’s plans for diversification. This endeavor, carried out in collaboration with the State government, aims to venture into new sectors that include solar power generation in Rajasthan and pumped storage hydroelectric generation in closed or abandoned opencast mines.
Expansion of Thermal Power Plants
One of the key aspects of SCCL’s expansion plans involves enhancing its existing thermal power plant. Currently operating at a capacity of 2×600 megawatts, SCCL aims to add an additional 800 MW unit to strengthen its power generation capabilities. Moreover, a new 2×800 MW thermal power plant will be established near the company’s Naini coal block in Odisha.
Embracing Sustainability and Green Energy
Recognizing the need for sustainability and renewable energy sources, SCCL is focusing on various green initiatives. This includes the development of 800 MW floating solar power plants, a green hydrogen plant, and a battery storage system. These projects signify SCCL’s commitment to a greener and more sustainable future for India.
A paramount importance given to the quality of work and youth employment
Chairman and Managing Director, N. Balaram, highlighted the pivotal role played by the youth in SCCL’s operations. Over 50% of the company’s workforce comprises young and dedicated individuals who bring a new perspective to the organization. Balaram emphasized that this young talent pool allows SCCL to provide coal to clients at competitive prices, all while increasing productivity and maintaining high-quality standards. This approach ultimately results in lesser burden on power consumers.
A Bright Future for Singareni Collieries Company
The Singareni Collieries Company Ltd is charging forward with its plans for growth and diversification. With a strategic focus on collaboration, sustainability, and youth empowerment, SCCL is positioned to reach unprecedented heights. By expanding its business operations, embracing green energy, and prioritizing the execution of high-quality work, SCCL will undoubtedly contribute to the economic growth and energy needs of India.
