Singaneri Collieries Company Ltd (SCCL) has improved its production efficiency. It is close to achieve its set target of 41.5 metric tonne and is expected to achieve 43.6 metric tonne by end of this year. Currently, it has supplied its excess production to APGENCO & NTPC and it expects to meet its other customer target. (KPC & Maharashtra State Generation Power Co Ltd). The company is also selling its excess production through e-auction and it has garnered sales to the tune of Rs.2040 million.
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Coal India, which has trying for years to acquire coal assets, has finally got two blocks A1 and A2 from Mozambique as a part of bilateral relationship. As part of agreement, Coal India will invest upto Rs. 6000 to 7000 million over a period of 5 years. Plans will be drawn now to carry out exploratory drilling to assess coal quality and also for evacuation of the same to India.
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