Overview of SCCL’s Financial Milestone
Singareni Collieries Company Limited (SCCL) is a top coal mining company in India. It paid ₹88.55 crore to the Telangana State Government for 2023-24. This shows SCCL’s strong finances and support for state growth.
Dividend Distribution and Stakeholders’ Share
The dividend is 10% of SCCL’s equity share capital. Telangana Government, with a 51% stake, got ₹88.55 crore. This shows SCCL’s commitment to sharing profits with its stakeholders.
Acknowledgment by Key Leaders
SCCL’s Chairman, N. Balaram, gave the dividend cheque to Telangana’s Chief Minister, Mr. A. Revanth Anumula, and Deputy Chief Minister, Mr. Bhatti Mallu Vikramarka. They praised SCCL’s financial success and its role in meeting South India’s energy needs. They also appreciated SCCL’s focus on employee benefits and regular dividends.
SCCL’s Role in Energy and Economic Growth
SCCL is key in India’s coal mining sector. It ensures coal supply for thermal power plants, boosting economic growth and industrial development. SCCL’s consistent profits show its efficiency and strategic planning.
Event Highlights
The cheque handover ceremony had many high-ranking officials:
- Minister Mr. Jupally Krishna Rao
- Telangana Chief Secretary Ms. Shanti Kumari
- Special Chief Secretary for Finance Mr. Ramakrishna Rao
- Energy Department Secretary Mr. Sandeep Kumar Sultania
Their presence highlighted SCCL’s financial milestone and its role in the state’s economy.
SCCL’s Commitment to Stakeholder Value
SCCL values all stakeholders. It pays dividends to shareholders and shares profits with employees. This boosts morale and supports company growth.
Conclusion: A Model for Corporate Responsibility
Singareni Collieries Company Limited is a model for corporate responsibility. It balances profits with stakeholder welfare and regional energy needs. The FY 2023-24 dividend payment shows its role in driving economic progress and energy sustainability in Telangana and beyond.