By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
India Times NowIndia Times NowIndia Times Now
Notification Show More
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Reading: Kishan Reddy seeks release of ₹55,000-cr dues to help SCCL bid for new coal block
Share
India Times NowIndia Times Now
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
Search
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Have an existing account? Sign In
Follow US

Home » Kishan Reddy seeks release of ₹55,000-cr dues to help SCCL bid for new coal block

India News

Kishan Reddy seeks release of ₹55,000-cr dues to help SCCL bid for new coal block

India Times Now Desk
Last updated: August 25, 2026 1:27 pm
India Times Now Desk
Published: August 25, 2026
Share
SHARE


Union Coal and Mines Minister G. Kishan Reddy urged the Telangana Government to clear the pending dues of ₹55,000 crore owed to Singareni Collieries Company Limited (SCCL), saying the funds would help the public sector coal miner participate in the fresh auction of the Koyagudem Block-3 in Bhadradri Kothagudem district.

Speaking to reporters in New Delhi on Tuesday, Mr. Kishan Reddy said the coal block was being reauctioned after the private company that had originally won it failed to commence production within the stipulated timeframe, leading to the cancellation of its allocation.

The Union Minister said efforts were underway to ensure that the block is awarded to SCCL, which, he noted, has the potential to extract around 120 million tonnes of Grade-13 coal available in the block. The mine had previously been auctioned twice, but the then BRS government allegedly prevented SCCL from participating, resulting in its allocation to a private company.

Mr. Kishan Reddy expressed concern over the financial health of SCCL, claiming that the company was facing a difficult situation and was relying on overdrafts to meet salary and wage commitments. The company, he said, must secure additional coal production blocks, reduce unnecessary expenditure and receive its pending dues from the State Government to improve its financial position.

“It is not appropriate for the State Government to withhold revenues generated from coal, which are the result of the hard work of thousands of SCCL employees and workers,” he said, urging the government to expedite payment of the outstanding dues.

The Minister also highlighted a series of recent initiatives taken by the Centre to strengthen SCCL’s operations and support Telangana’s energy requirements like finalisation of coal supplies from the Naini coal block in Odisha to the Yadadri Thermal Power Station, allocation of the Tadicherla-2 coal block and PKOC-2 opencast dip-side block to SCCL.

Published – August 25, 2026 06:56 pm IST



Source link

Study projects deaths due to pancreatic, colorectal and breast cancers to rise by 2030 in India
Wedding food trends: How Gen Z is changing the traditional wedding plate
Seminar on India’s footwear heritage inaugurated
Trinamool MP Ritabrata flags ‘serious crisis’ in West Bengal’s jute industry; seeks Centre’s intervention
Bus driver, scooter riders booked over alleged altercation in Keralam’s Kochi
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News
BusinessStartup

FSSAI bans Dabur from selling honey, cow ghee, coconut oil with ‘100%’ claims, asks company to submit ATR report

India Times Now Desk
India Times Now Desk
August 4, 2026
Sangh Parivar trying to ‘capture’ educational institutions, alleges Aishe Ghosh
AICC appoints presidents for district units in T.N.
Awarapan director Mohit Suri reviews Emraan Hashmi’s sequel trailer: ‘I’ve passed the baton’
Leadership crisis, ‘loot’ in BJP govt., says Congress chief Kharge after third fuel price hike
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
© INDIA TIMES NOW 2026 . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?