Singareni Collaries

CHAPTER – VI SINGARENI COLLIERIES COMPANY LIMITED OBJECTIVES & FUNCTIONS 6.1 Singareni Collieries Company Limited (SCCL), incorporated as a Public Limited Company in 1920, became a Government Company in 1956 when Government of Andhra Pradesh acquired major share holding. The share capital of the company is held by Government of Andhra Pradesh and Government of India in the ratio of 51:49 respectively. The investment in SCCL is governed by a Tripartite Agreement between Government of India, Government of Andhra Pradesh and Singareni Collieries Company Limited. The last such agreement for the IX Plan was signed on 11th Januay, 2002 covering the period from 01-04-1997 to 31-03-2002. A Tripartite Agreement for 10th Five -Year Plan period is in the process of finalisation. 6.2 The Company is engaged in coal mining operations in Andhra Pradesh. The reserves stretch over 350 sq. Kms of Pranahita Godavari Valley of Andhra Pradesh with proven deposits of 7729.13 million tonnes as on 01-01-2003. The mining activities are concentrated in four districts of Andhra Pradesh viz., Khammam, Adilabad, Karimnagar and Warangal. 6.3 The authorised capital of SCCL as on 31-03-2002 was Rs 1800 Crore and the paid-up capital on that date was Rs.1733 crore. The turnover of the company was Rs 2949 Crore in the year 2001- 02. OUTLAY 6.4 Plan outlay for 2003-04 is proposed at Rs 340 Crore to achieve a production level of 33.50 m.ts. The corresponding figures for the fiscal year 2002-03 R.E are Rs 227 crore and 32.50 m.ts respective ly. 6.5 Plan expenditure for B.E 2002-03, R.E. 2002-03 and 2003-04 B.E together with Actuals for 2000-01 and 2001-02 and source of financing are as follows: SOURCE OF FUNDING OF PLAN OUTLAY Rs. in crore PARTICULARS 2000-01 2001-02 ACTUAL ACTUAL Govt. of A.P - Equity 64.00 Govt.of India - Equity 61.49 Bilateral Credit 2.79 Internal Resources 65.82 181.92 TOTAL 194.10 181.92 2002-03 B.E 405.00 405.00 2002-03 RE 227.00 227.00 2003-04 BE 340.00 340.00

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