Archive · 18 Sep 2025
SBI Supports Singareni Collieries Expansion Plans
Imagine a company called Singareni that wants to grow.
They've asked a bank, the State Bank of India (SBI), for help.
The bank said yes!
Singareni is planning to explore for gold and copper, and build solar and thermal power plants.
They also want to make green hydrogen and methanol.
SBI will give Singareni loans with low interest rates to fund these projects.
Many of Singareni's workers already use SBI, and the bank provides them insurance.
SBI wants to help Singareni become a big, well-known mining company.
Singareni secured backing from SBI for domestic and international expansion.
SCCL aims to explore for gold and copper in Karnataka.
Plans include a solar and thermal power complex, and green hydrogen facilities.
SCCL sought low-interest loans from SBI for various ventures.
SBI reaffirmed its commitment to supporting Singareni's growth.
- Who
- Singareni Collieries and State Bank of India
- What
- SBI is supporting Singareni's expansion with low-interest loans.
- When
- Not specified in article.
- Where
- Mumbai, Karnataka
- Why
- To support Singareni’s expansion into critical minerals, renewable energy, and global recognition.
- Company
- Singareni Collieries Company Limited (SCCL)
- Bank
- State Bank of India (SBI)
- SCCL CMD
- N. Balram
- SBI Chairman
- Challa Srinivasulu Setty
- Expansion Focus
- Critical minerals, renewable energy
- Employee Accounts
- 75% SCCL employees have SBI accounts