Singareni Collieries Company Limited (SCCL) has registered 21% growth in turnover (sales) during the just concluded 2018-19 fiscal, compared to last year. It has also posted 4% increase in coal production and 5% hike in coal despatches during the year.
“It’s the highest ever turnover, coal production and despatches achieved by the company till date,” Chairman and Managing Director of the company N. Sridhar stated on Monday. The company has recorded sales at Rs. 25,828 crore in 2018-19 compared to Rs. 21,323 crore in 2017-18.
Similarly, the company has despatched 676.73 lakh tonnes (67.7 million tonnes) coal in the just concluded financial year against 646.19 lakh tonnes (64.6 million tonnes) despatched in the previous before. The despatches in 2018-19 were higher (101%) than the target fixed, officials of the company explained.
