Singareni likely to set new record in coal mining this year

09 Mar 2023 CW Team

Notwithstanding the fact that it would fall short of its target of producing 70 million tonnes of coal for the current fiscal year, 2022–2023, The Singareni Collieries Company Limited (SCCL) has set itself an ambitious goal of mining 75 million tonnes of coal for 2023–2024.

The corporation is primarily pinning its hopes on the extraction of fossil fuel from five new mines, from which it aims to add 13.4 million tonnes of coal production while taking into account the likelihood that production in some current underground mines would continue to decline.

The management is determined, according to business representatives, to start producing coal in five additional mines during the upcoming fiscal year. Although coal extraction from a few of them was initially intended to begin during the fourth quarter of 2022–2023, it did not happen for a number of reasons, including a delay in obtaining some clearances.

The company anticipates increasing production by 6 million tonnes from its Naini coal block in Odisha, 3 million tonnes each from KV opencast in Kothagudem area and Ramagundam opencast, 1 million tonnes from JK opencast in Yellandu area, and 0.4 million tonnes from Goleti opencast in Bellampally area, as well as 0.4 million tonnes from Goleti opencast in Bellampally area. Several of these mines already have all necessary clearances in place, and the relevant authorities have been told to expedite the process of obtaining the remaining clearances as soon as possible.

Moreover, the business intends to start mining coal at the MVK opencast and Tadicherla-2 mines in 2024–2025.

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..