K M Dayashankar
Open 10 new projects in coming three years
To increase coal production by 50 lakh tonnes every year
Set target of producing 850 lakh metric tonnes of coal in 2023-2024
PEDDAPALLI: The Singareni Collieries Company Limited is in an expansion mode and planning to open at least 10 new projects in the coming three years period and taking necessary measures for securing the required permissions at the earliest.
As the existing old mines were on the verge of closure after the excavation of the coal, the management had proposed opening of new mines to meet the growing coal demand in the industry and accordingly taking measures to increase coal production by 50 lakh metric tonnes of every year in the coming three years.
With the target of increasing the coal production every year by 50 lakh metric tonnes in the coming three years, the Singareni had set a target of producing 850 lakh metric tonnes of coal in the year 2023-2024 when compared to this financial year target of 700 lakh metric tonnes of coal.
At a regular monthly review meeting organised at Singareni bhavan in Hyderabad on Monday, Chairman and Managing Director N Sridhar reviewed the progress of various new projects including the execution of GDK-5 open cast project, GVR-2 OCP extension and Naini project in Odisha which were all set to start production during this financial year.
He said that they were expecting 30 lakh metric tonnes of coal production from GDK-5 OCP during this financial year, about 100 lakh metric tonnes from Naini block, VK coal mine 53 lakh tonnes, GDK-10 60 lakhs and other projects. He hoped that they would surpass the targeted coal production of 700 lakh metric tonnes during this year and achieve 750 lakh metric tonnes.
Similarly, the C&MD had also reviewed the progress of the mines which would start production during the year 2022-2023 including MVK-OCP (25 lakhs tonnes annual production), Goleti-OCP (35 lakh tonnes), JK-OCP (25 lakhs tonnes), Tadicherla OCP-2 (50 lakh tonnes), Penagadapa OCP (15 lakh tonnes) and a proposed new mine in Odisha. He informed the officials to expedite the process of securing all clearances and permissions to start the coal production.
Directors S Chandrashekhar, N Balaram and D Satyanarayana Rao, Advisor (mining) DN Prasad, Advisor (forestry) Surendra Pandey, ED (coal movement) J Allwyn, GM (coordination) K Suryanarayana, GM (marketing) K Ravishankar and others were also present.