State-owned Coal India, Neyveli Lignite and Singareni Collieries will have a capex of Rs 20,121 crore in 2019-20, 15 per cent more than the previous fiscal, according to the interim budget.
The Singareni Collieries Company Limited is planning to take up seven new coal blocks in other States and 48 mines in Telangana to meet the growing demand for coal from thermal power plants and other consumers.
The Singareni Collieries Company will float tenders for the constructions of solar power plants, said the company’s chairmen and managing director N Sridhar on Wednesday.
Coal India would produce 513 million tonnes of coal in 2018-19 and offer 12 million tonnes via e-auction to meet the power sector’s demand.
State-run Singareni Collieries would start 12 new coal mines, Telangana Chief Minister K Chandrasekhar Rao said in the assembly today.
Tension prevailed in the town following series of arrests by the police since Friday in the wake of the strike by the workers of the Singareni Collieries.
In a move that could further complicate asset division between the two Telugu-speaking states, Andhra Pradesh has staked a claim to the country’s second largest state-owned coal firm, Singareni Collieries, now being controlled by Telangana.