Latest news with #SCCL
The Hindu
5 hours ago
- Business
- The Hindu
Singareni plans State's first pumped storage power project near closed Medipally OC mine
HYDERABAD The Singareni Collieries Company Ltd (SCCL) is planning to establish the State's first pumped storage (hydel) power project with 500 megawatt capacity as part of its plans of diversification and business expansion towards making the organisation sustainable in the wake of increasing competition in the field of coal mining. In addition to its main activity of coal mining, the company has already entered into thermal and solar power generation areas. The decision to go for a pumped storage power project was taken following the directions from the State government, which holds a majority stake of 51% in the company. After preliminary study on the scope of the pumped storage project, the company has decided to entrust the task of detail project report (DPR) preparation to the Central Government agency WAPCOS. The letter of award for DPR preparation was given to the company at a meeting held here on Saturday. According to Chairman and Managing Director of the SCCL N. Balaram, the pumped storage power project is being planned at the water storage area (sump) created following the closure of Medipally opencast mine in the Ramagundam-I area. He stated that neither the State power utility Genco nor any private company has planned/materialised a pumped storage power project in Telangana so far, though several such projects were taken up in the neighbouring States. Deputy Chief Minister M. Bhatti Vikramarka, who handles the portfolios of Energy and Finance, has already visited the closed Medipally opencast mine area before giving a go ahead for the new venture. The WAPCOS would take up a comprehensive study before preparing the DPR - including geological, geotechnical and hydrology studies as also civil, mechanical and electrical designs, environmental aspects and safety works. The estimated cost of the project, time for its execution and sale of energy generated at the project would be included in the DPR to be prepared by WAPCOS. Mr. Balaram explained that a 157-meter deep water sump/tank was created with the abandonment of the Medipally opencast mine after the extraction of coal reserves there and the rainwater stored in it would be available round-the-year. The cost of the project is expected to be around ₹3,000 crore and it would have a life of 40 years – generating cheap energy for 40 years. Another reservoir with 2,350 meters length and 23-meter depth in the upstream area would be created with the same water-holding capacity (9.64 million cubic meters) and aout 8 million cubic meters of rainwater in the sump downstream would be pumped into to the upstream stream reservoir in day-time with the help of solar energy. In the night, the water pumped into the upstream reservoir would be channelised into turbines to generate hydel energy.
The Hindu
a day ago
- Business
- The Hindu
SCCL invites applications for Rajiv Gandhi Civils Abhaya Hastham scheme
HYDERABAD As part of its efforts to help aspirants preparing for the Civil Services Examination from Telangana, the Singareni Collieries Company Ltd (SCCL) has invited online applications from those who have cleared the Prelims recently, for the ₹1 lakh each financial assistance scheme introduced by the company last year with its Corporate Social Responsibility fund. Chairman and Managing Director of SCCL N. Balaram said on Friday that the Rajiv Gandhi Civils Abhaya Hastham scheme launched last year had achieved encouraging results. This year, children of SCCL workers who cleared Prelims would also receive ₹1 lakh each assistance. Last year, 140 candidates, not the children of SCCL workers, who cleared the Prelims were extended the ₹1 lakh each financial assistance. Of them, 20 went on to qualify for the Mains and were selected for the Interviews. An additional ₹1 lakh each was provided to those who were selected for the Interviews and among them, seven candidates had successfully cleared the Civil Services Examination, Mr. Balaram said. The SCCL is inviting applications in the hope that more candidates would succeed and go on to serve the State and the country, Mr. Balaram said, advising the aspirants to visit the SCCL website at to apply online for the financial assistance, starting from June 23.
United News of India
3 days ago
- Business
- United News of India
Singareni selected for prestigious ICWAI Award
Hyderabad, June 18 (UNI) State-owned Singareni has been selected for the prestigious Institute of Cost Accountants of India (ICMAI) award. This national level recognition has been received for cost control measures implemented by Singareni. ICMAI, a prestigious statutory body established under an Act of Parliament, has selected Singareni for its annual national-level award. For the year 2024, Singareni has been selected for the National Award for Excellence in Cost Management – 3rd Prize, as confirmed by ICMAI President CMA Bibhuti Bhushan Nayak. He stated that a jury panel, led by Justice S J Mukhopadhaya, retired Supreme Court Judge, and Chairperson of the National Company Law Appellate Tribunal (NCLAT), selected the best companies, which includes SCCL. The award will be presented at a ceremony scheduled to be held on June 23 at Vigyan Bhavan, New Delhi. On the same day, award recipients have also been invited to participate in the 12th National Students' Convocation, to be held in the morning at Vigyan Bhavan, where President Droupadi Murmu will be the chief guest. Singareni Collieries Company Limited (SCCL) Chairman and Managing Director N Balram expressed his happiness over Singareni being awarded third place among several mega public sector industries in the country. He stated that this award is a recognition of the collective efforts of the employees and officers of Singareni. Serving not only as CMD but also having rendered distinguished service as Director (Finance) for over seven years, the Mining company said in a release. UNI KNR SS
The Hindu
5 days ago
- Business
- The Hindu
PNB inks pact with Singareni Collieries to launch salary saving scheme
Public sector lender Punjab National Bank has signed an MoU with The Singareni Collieries Company to launch PNB Salary Saving Scheme whose feature included a ₹1.25 crore accidental insurance coverage for SCCL employees. The agreement was signed in Hyderabad recently in the presence of PNB MD and CEO Ashok Chandra, other senior officials from both organisations among others, the bank said in a release on Monday. Besides the personal accidental insurance, the scheme offers term life insurance cover of up to ₹10 lakh; air accidental insurance of up to ₹2.50 crore; permanent total disability cover of up to ₹1.25 crore and family centric benefits including zero balance accounts for spouse and 2 children. It also offers a host of additional banking benefits, including concessions on interest rates, documentation and upfront charges in retail loans. 'The agreement with SCCL will serve as a model for other sectors. The customised scheme is now effective for SCCL employees and we are committed to extend similar comprehensive coverage to other industries soon,' Mr. Chandra said.
Hans India
07-06-2025
- Business
- Hans India
Singareni gives Rs 1 crore insurance cover to employees
Kothagudem: As part of employee welfare initiatives and in accordance with the directions of the State government, Singareni Collieries Company Limited (SCCL) has implemented Rs 1 crore accident insurance scheme, which has now become a model for the entire country, stated SCCL Chairman and Managing Director N Balram here on Friday. He made these remarks through video conference while presenting a Rs 1 crore accident insurance cheque to Haridevi Vishwakarma, wife of Mool Chand Vishwakarma, an EP operator from Manuguru, who recently passed away in an accident. The cheque was handed over the victim's family at the Kothagudem head office on Friday. CMD Balram noted that the late Mool Chand Vishwakarma had a corporate salary account with State Bank of India, making him eligible for the Rs 1 crore insurance benefit. He explained that Singareni is the first government organisation in the country to partner with banks and implement an accident insurance scheme with coverage of up to Rs 1.25 crore—a move that provides strong financial support to families of employees who lose their lives in accidents. He further mentioned that this accident insurance scheme being implemented in Singareni has now been adopted by States such as Assam, Uttar Pradesh, and even Coal India revolutionary initiative in the insurance sector, he added, was made possible due to the proactive efforts of the State government and the forward-thinking leadership of Singareni. The CMD emphasised that while the organisation always wishes for its employees to lead happy and healthy lives, unexpected accidents can financially devastate a family. To address this, Singareni has arranged accident insurance coverage for all employees holding salary accounts in collaboration with banks. Additionally, he mentioned that a similar accident insurance coverage of up to Rs 40 lakhs is also being provided to contract workers.
