Singareni CCL paints rosy picture as sales, profits double in 5 years

NEW DELHI: State-owned coal mining company Singareni Collieries Company Ltd (SCCL) seems to be secretly scripting a success story at a time when state public sector enterprises have almost become synonymous with losses, bloated workforces and a casual attitude to productivity.
Over the past five years, the company has doubled its sales by 116.5 per cent to Rs 25,828 crore in 2018-19 from Rs 11,928 crore in 2013-14. Its profits, too, increased nearly four times from Rs 419 crore to Rs 1,600 crore during the same period. The company has created a record by achieving the highest growth rate in sales and profits, which it claims exceeds that of eight Maharatna companies.