Wednesday, February 11, 2026
  • Login
No Result
View All Result
MoviesGrave
22 °c
Delhi
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
  • Entertainment
  • Lifestyle
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
  • Entertainment
  • Lifestyle
No Result
View All Result
MoviesGrave
No Result
View All Result
Home National

Telangana Government’s Bold Push to Secure Key Coal Blocks for SCCL Amid Depleting Reserves

September 22, 2025
in National, Politics
Reading Time: 3 min

The Telangana government is actively strategizing to regain the mining rights for two crucial coal blocks, Sattupalli and Koyagudem. These blocks are strategically located adjacent to existing areas managed by Singareni Collieries Company Limited (SCCL), and their acquisition is deemed essential to supplement SCCL’s production as its current reserves are dwindling.

Chief Minister A. Revanth Reddy highlighted that SCCL was controversially prevented from participating in the auction for these significant coal blocks by the previous state administration. This decision, he stated, effectively forced the company to forfeit rights to blocks that are intrinsically linked to its operational areas. Such an outcome, the Chief Minister noted, is estimated to have caused a staggering revenue loss of ₹60,000 crore and a profit shortfall of ₹15,000 crore for the public sector mining company.

During a press conference in Hyderabad, held on Monday, September 22, 2025, the Chief Minister confirmed that the government has received numerous appeals from workers’ unions and other stakeholders, all expressing deep concern over the substantial losses faced by SCCL. He emphasized the state’s serious commitment to exploring various avenues to rectify this situation, posing questions like, “Should we revoke the previous tender awards? Or should we offer to pay more than the winning bid to persuade the Central Government to transfer these mining rights to our control?”

The state government is resolute in taking decisive action, warning that inaction would lead to further financial detriment for SCCL. Deputy Chief Minister Mallu Bhatti Vikramarka reiterated this stance, confirming that the government is earnestly weighing its options to reclaim the two vital mining blocks. He indicated that a formal representation would be made to the Central Government, detailing Telangana’s position and requesting its intervention to facilitate the transfer of mining rights to SCCL.

Shifting to broader issues concerning SCCL, Deputy Chief Minister Vikramarka has been tasked with engaging in discussions with worker unions and other key stakeholders regarding the company’s future expansion strategies. The Chief Minister expressed a strong desire for Singareni’s continued prosperity, asserting that with its extensive expertise, the company should be equipped to compete effectively with private and multinational entities, not just in coal mining but across various mineral extraction sectors.

Addressing inquiries about the impact of GST rate rationalization on coal prices, the Chief Minister acknowledged the challenging predicament facing the state. He noted that power distribution companies, already grappling with their own financial struggles, owe significant payments to SCCL. To mitigate the expected losses, the government is considering a policy of cross-subsidization. “We are working on several plans,” he stated, adding, “We intend to approach the Central Government for viability gap funding to compensate for the losses anticipated due to the GST rate adjustments.”

The Chief Minister projected a potential revenue loss of ₹7,000 crore for the state as a direct consequence of the GST rate rationalization. He stressed that since these losses stem from a Central Government decision, it is incumbent upon the Centre to provide the necessary viability gap funding, rather than leaving the state to bear the burden alone. He also mentioned that a formal communication detailing this request would be sent to the Union Minister of Coal and Mines, G. Kishan Reddy.

Share1195Tweet747Share299

Related Posts

Assam CM Accuses MP Gaurav Gogoi of Pakistan Training, Demands MHA Probe; Gogoi Calls Allegations ‘Flop’

February 9, 2026

Assam Chief Minister Himanta Biswa Sarma made a startling claim on Sunday, alleging that state Congress president and MP, Gaurav...

German Financial Powerhouse Deutsche Börse to Launch Global Capability Centre in Hyderabad, Creating 1,000 Jobs

November 4, 2025

Deutsche Börse, a prominent German financial services provider, is establishing its Global Capability Centre (GCC) right here in Hyderabad. A...

PM Modi Confident of Historic NDA Win in Bihar, Predicts ‘Jungle Raj’s’ Worst Defeat

November 4, 2025

Prime Minister Narendra Modi recently declared that the people of Bihar have firmly decided to secure an unprecedented victory for...

Hinduja Group Chairman Gopichand Hinduja Passes Away in London at 85

November 4, 2025

It is with deep sadness that we report the passing of Gopichand P. Hinduja, the respected chairman of the vast...

Load More
Next Post

Wayanad Panchayat Takes Action: IUML Faces Notice Over Landslide Rehabilitation Project

Comments (0) Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

Recommended

Shocking Incident: Pregnant Woman Allegedly Denied Medical Care in Jaunpur Over Religious Beliefs

4 months ago

Suchindram Lake: A Vital Wetland Grappling with Pollution

4 months ago

Popular News

  • Chainsaw Man: Reze Arc Movie — Streaming Exclusively on Crunchyroll in Spring 2026!

    2990 shares
    Share 1196 Tweet 748
  • Dying Light: The Beast – Release Date, Gameplay, and the Return of Kyle Crane

    2989 shares
    Share 1196 Tweet 747
  • Lal Kitab Daily Horoscope for October 30, 2025: Navigating Rahu’s Influence on Relationships and Finding Inner Peace

    2989 shares
    Share 1196 Tweet 747
  • The Mystical Tradition: Why Rice Kheer Receives the Moonlight’s Embrace on Sharad Purnima

    2989 shares
    Share 1196 Tweet 747
  • Unforgettable Moment: Andrew Flintoff Admits Provoking Yuvraj Singh Before His Historic Six Sixes at 2007 T20 World Cup, Yuvraj Responds!

    2989 shares
    Share 1196 Tweet 747
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Cookies Policy
  • Contact Us
MoviesGrave
Bringing you the latest updates from world news, entertainment, sports, astrology, and more.

© 2025 MoviesGrave.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2025 MoviesGrave.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering on our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.