Hyderabad (Telangana), [India], Union Minister for Coal and Mines G Kishan Reddy has reaffirmed the government's commitment to maintain Singareni Collieries Company Limited (SCCL) as a public sector undertaking (PSU).
In a statement addressing concerns over possible privatization, Reddy emphasized the government's stance and reiterated that SCCL will not be privatized.
Reddy said, "We will take care of Singareni (Singareni Collieries Company) with full responsibility. I will do a special review on the Singareni issue, I will talk to all the officials. When the Prime Minister came to Telangana, he said that Singareni is not going to be privatized, Singareni will remain a PSU. We are not in favor of its privatization, we want the Telangana government not to be in favor of privatization either.
This announcement comes amid broader efforts by the Ministry of Coal to boost coal production across the country.
According to a press release issued by the Ministry of Coal on Friday, Reddy will launch the 10th round of commercial coal block auctions, as part of a major effort to enhance coal production to meet the country's growing energy demands.
According to a statement from the Union Coal Ministry, 60 coal blocks will be offered in this round of auctions. This initiative aims to bring more coal blocks into production, thereby reducing India's dependence on coal imports and ensuring energy security.
The 10th round of coal block allocation will include mines from various states including Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana and West Bengal. Notably, Odisha will see the largest bid with 16 mines up for auction.
Chhattisgarh and Madhya Pradesh will each have 15 coal mines available for bidders.
Coal India Limited (CIL) has already awarded 23 coal mines to private sector bidders under a revenue sharing model.
These efforts are aimed at tapping into latent coal reserves found in some of its previously closed and discontinued underground mines.
The move is part of a broader strategy to maximize the use of domestic coal resources and reduce the environmental and economic costs associated with coal imports.
So far, the Coal Ministry has allocated or auctioned 161 coal mines with a maximum nominal capacity of 575 million tonnes (MT).
Of them, 58 mines have received permission to start operations and 54 mines are currently operational. Last year, these mines produced a total of 147 MT of coal, contributing to 15 percent of the country's total coal production.
In a statement addressing concerns over possible privatization, Reddy emphasized the government's stance and reiterated that SCCL will not be privatized.
Reddy said, "We will take care of Singareni (Singareni Collieries Company) with full responsibility. I will do a special review on the Singareni issue, I will talk to all the officials. When the Prime Minister came to Telangana, he said that Singareni is not going to be privatized, Singareni will remain a PSU. We are not in favor of its privatization, we want the Telangana government not to be in favor of privatization either.
This announcement comes amid broader efforts by the Ministry of Coal to boost coal production across the country.
According to a press release issued by the Ministry of Coal on Friday, Reddy will launch the 10th round of commercial coal block auctions, as part of a major effort to enhance coal production to meet the country's growing energy demands.
According to a statement from the Union Coal Ministry, 60 coal blocks will be offered in this round of auctions. This initiative aims to bring more coal blocks into production, thereby reducing India's dependence on coal imports and ensuring energy security.
The 10th round of coal block allocation will include mines from various states including Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana and West Bengal. Notably, Odisha will see the largest bid with 16 mines up for auction.
Chhattisgarh and Madhya Pradesh will each have 15 coal mines available for bidders.
Coal India Limited (CIL) has already awarded 23 coal mines to private sector bidders under a revenue sharing model.
These efforts are aimed at tapping into latent coal reserves found in some of its previously closed and discontinued underground mines.
The move is part of a broader strategy to maximize the use of domestic coal resources and reduce the environmental and economic costs associated with coal imports.
So far, the Coal Ministry has allocated or auctioned 161 coal mines with a maximum nominal capacity of 575 million tonnes (MT).
Of them, 58 mines have received permission to start operations and 54 mines are currently operational. Last year, these mines produced a total of 147 MT of coal, contributing to 15 percent of the country's total coal production.
