INDUSTRIES LOOKING AT DOMESTIC COAL AS FOREIGN COAL COST UP BY 100% : SINGARENI C & MD N. SRIDHAR

Singareni Chairman & MD N. Sridhar said that thermal power stations in States like Karnataka, Maharashtra and Andhra Pradesh have coal stock of only two or three days and hence there is huge demand for Singareni coal from 15 big thermal stations of other States and hence coal should be produced as per set targets from all areas. He held a review meeting on Monday afternoon from Hyderabad Singareni Bhavan with all the Directors and General Managers of all areas.

He said that thermal power stations in Telangana which have agreements with Singareni have one week to 10 days coal stocks and since there is huge deficit of coal stocks at thermal power stations of other states, Singareni should play its part and achieve more than the set targets of coal production and transport. He said that since the cost of foreign coal has gone up by 100%, thermal power stations, sponge iron and cement industries are looking at local coal and the coal ministry is holding meetings everyday on this and requesting for increase in the coal production and transportation.

He said that in the past six months Singareni has achieved considerable growth when compared to last year and work should continue with the same zeal in the remaining six months and achieve good production and transportation. Since the rains have come down in October daily atleast 1.9 lakh tonnes of production and transport must done and 13 lakh cubic meters of OB should be removed. Henceforth the area general managers should completely concentrate of transport and production.

Director (Operations) S. Chandrashekar, Director (E&M) D. Satyanarayana Rao, Director (Finance, Personal, P&P) N. Balaram (from Delhi via VC), Advisor (Mining) D.N. Prasad, Advisor (Forestry) Surendra Pandey, ED (Coal movement) J. Allwyn, GM (Co-ordination) K. Suryanarayana, GM (Marketing) K. Ravishankar, GM (CPP) Nagabushan Reddy, GM (P&P) Sattaiah, GM (Strategic planning) Surendar and GMs from respective areas participated in the meeting.