Hyderabad, July 8 -- Union Minister of Coal and Mines G Kishan Reddy has announced that the Centre has allocated the Tadicherla-2 open-cast coal block in Jayashankar Bhupalapally district to Singareni Collieries Company Ltd (SCCL) on a nomination basis instead of auctioning it.

In a chit-chat with the media, Reddy said that there is availability of 182 million tonne coal in the Tadicherla-2 coal block, which will enable SCCL to produce coal for 40 to 50 years, with a potential to gain revenues amounting to Rs 64,000 crore. He said it would also help the state government earn revenues of Rs 16,000 crore.

Reddy said this was the first time the Centre has allocated a coal block on a nomination basis to a government-run enterprise since 202...