SCCL signs MoU for coal purchase from Naini block

22 Dec 2022 CW Team

Damodar Valley Corporation, a leading thermal power producer from Jharkhand, has signed a Memorandum of Understanding to purchase 43 lakh tonnes of coal per annum from the Singareni Naini coal block.

Singareni Collieries Company (SCCL) General Manager K Satyanarayana and Damodar Valley Corporation Executive Director (Energy Department) Taru Santh Kumar signed the agreement in the presence of Executive Director (Coal Momentum) J Alvin, at Singareni Bhawan.

Suryanarayana said NTPC thermal plants in various States and Genco in Tamil Nadu were showing interest in purchasing coal from Naini coal block and that they would soon sign a coal supply agreement with them as well. With coal production at the Naini coal block of the SCCL soon to begin, the thermal power plants of many States were coming forward to purchase coal from the company, he said.

He said that under the guidance of Chairman and Managing Director of the company N Sridhar, the company was successfully supplying coal on time to thermal power stations of Telangana as well as other States. SCCL DGMs NV Rajasekhara Rao, Tadaboina Srinivas and Sattu Sanjay were present.

Naini Coal Mine is a 10 million-tonnes-per-annum opencast mine operated by Singareni Collieries, in Angul district of Odisha. The total mining area lease for the project is 912.79 hectares, including 783 hectares of forest land (643 hectares of which is reserve forest). As for project approvals, the coal block received its environmental clearance in October 2021, while the stage-I forest clearance was granted just prior to this in July 2021. As of August 2022, the stage-II forest clearance is still pending.

Also Read
NH-29 Package- III: NHIDCL receives three proposals
Microfinance loans increases by 11% in Q2 FY23

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..