1 week ago
Kishan Reddy Urges Telangana to Secure Koyagudem for Singareni
Union Minister G Kishan Reddy wants a coal mine called Koyagudem Block-3 to go to Singareni Collieries.
A private company had received the mine earlier but did not start mining on time.
Because of that delay, the allocation was cancelled and the mine was offered again.
Kishan Reddy said steps have been taken to help Singareni obtain it.
He said the mine could provide 120 million tonnes of coal.
Singareni is facing money problems and is borrowing through overdrafts to pay workers.
The minister said the Telangana government owes Singareni Rs 55,000 crore.
He asked the state government to pay the dues and support the company.
Union Minister G Kishan Reddy said Koyagudem Block-3 is being prepared for allocation to Singareni Collieries.
The block’s earlier private operator lost the allocation after failing to begin production within the required period.
Koyagudem Block-3 could produce 120 million tonnes of Grade-13 coal, according to Kishan Reddy.
He said Singareni faces financial difficulties and is using overdrafts to pay employee and worker salaries.
Kishan Reddy urged Telangana to release Rs 55,000 crore in outstanding dues owed to Singareni.
- Who
- Union Minister for Coal and Mines G Kishan Reddy, the Telangana government, and Singareni Collieries.
- What
- Kishan Reddy urged the Telangana government to cooperate in securing Koyagudem Block-3 for Singareni and to release outstanding dues.
- Where
- Koyagudem Block-3 is in Bhadradri Kothagudem district, Telangana.
- When
- Tuesday; the article does not specify the date.
- Why
- Kishan Reddy said Singareni needs new coal blocks, higher production, reduced wasteful expenditure, and repayment of state dues to address its financial difficulties.
Key facts
- Coal block
- Koyagudem Block-3
- Location
- Bhadradri Kothagudem district, Telangana
- Potential output
- 120 million tonnes of coal
- Coal grade
- Grade-13
- Outstanding dues
- Rs 55,000 crore owed by the Telangana government to Singareni, according to Kishan Reddy
- Other blocks mentioned
- Naini in Odisha, Tadicherla-2, and PKOC-2
- Payment situation
- Singareni is reportedly using overdrafts to pay employee and worker salaries
Quotes
G Kishan Reddy
Union Minister for Coal and Mines
“Singareni is currently facing financial difficulties. The current situation is such that salaries for employees and workers are being paid by availing overdrafts. There is no other way to overcome this crisis than to secure new coal blocks for production. It is essential to cut wasteful expenditure and safeguard Singareni.”
thehansindia.com
“I appeal for everyone’s cooperation to ensure this block is secured this time”
thehansindia.com
Sources
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