Yellandu mine auctioned, allotted to personal player- The New Indian Specific

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Specific Information Service

HYDERABAD: The worst fears of staff of 100-year-old Singareni Collieries Firm Restricted (SCCL) have come true as a coal mine was not too long ago auctioned and awarded to a personal participant for the primary time. Based on the SCCL staff, the Koyagudem coal block in Yellandu was allotted to a personal participant for a interval of 10 years. Apparently, solely a single bid was acquired throughout the tender course of.

Based on sources, the public sale was performed thrice for the Koyagudem coal block. The officers needed to cancel the primary and second rounds as just one firm submitted the bid. When the tender was floated for the third time, the identical firm filed the bid and the officers allotted the block to the lone bidder.

Stating that this was for the primary time {that a} coal block was allotted to a personal participant, Telangana Boggu Gani Karmeeka Sangham (TBGKS) chief Kengerla Mallaiah expressed concern that there received’t be any additional enlargement by the SCCL. “With the privatisation of coal blocks, there shall be no additional enlargement by Singareni. There shall be no recruitment in SCCL both,” he mentioned.

It might be talked about right here that SCCL is the primary public sector firm within the nation. Presently, 45,000 staff are working at completely different mines of SCCL, which produces round 65 million tonnes of coal per 12 months and caters to the wants of thermal energy vegetation in Telangana, AP, Maharashtra, Karnataka and Tamil Nadu.The State authorities holds 51 per cent stake whereas the Central authorities has 49 per cent share within the firm.

In December, 2021, Chief Minister Okay Chandrasekhar Rao wrote a letter to Prime Minister Narendra Modi, urging him to instruct the Union Coal Ministry to cease the public sale of JBROC-3, Sravanpally OC, Koyagudem OC-3 and KK-6 UG Block below Union Ministry’s trench 13, as it will adversely impression the wants below Singareni jurisdiction for coal.

Rao needed the Centre to allot these coal blocks to the SCCL. The blocks have been included in e-auction below Mines and Mineral (Improvement and Regulation) Act.In the meantime, Singareni Collieries Employees and Employees Union (INTUC) common secretary B Janak Prasad mentioned that this for the primary time a coal block was allotted to the personal participant below the Central authorities’s new coverage which adopted again in 2015.
“At the moment, the TRS MPs supported the Invoice within the Parliament,” he mentioned.

Nevertheless, SCCL chairman and managing director N Sridhar was not out there for remark.To a query raised by Congress MP N Uttam Kumar Reddy in Lok Sabha on Wednesday, Union Coal Minister Pralhad Joshi mentioned: “SCCL has intimated that they’ve permitted single bidder having Mine Developer and Operator (MDO) expertise with sure monetary and technical credential. Additional, the bidder is allowed to type SPV with different businesses with a stake as much as 49 per cent, retaining 51 per cent stake with the bidder on the time of challenge settlement”.

Moreover, the SCCL is choosing MDO by way of aggressive bidding course of and 5 companies have submitted bids for choice of MDO for Naini coal mine in Odisha.It was the Hyderabad (Deccan) Firm Restricted, included in England that acquired mining rights in 1886 to use coal present in Yellandu space. The current firm was included on December 23, 1920 below the Hyderabad Corporations Act as a public restricted firm.


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