Hyderabad, July 14 -- union Coal and Mines Minister G. Kishan Reddy on Tuesday demanded that the Telangana government immediately clear over Rs 54,000 crore in dues owed to Singareni Collieries Company Limited (SCCL), saying the mounting arrears were pushing the public sector coal miner into financial distress and affecting its ability to pay salaries, modernise mines and invest in expansion.
Addressing Singareni workers during the 'Singareni Bharosa Yatra' at the VL Convention Centre in Jayashankar Bhupalpally district and later at the PKOC-2 mine in Manuguru, Bhadradri Kothagudem district, Kishan Reddy said Singareni, the largest public sector coal company in South India, was being forced to borrow funds even to pay employees because of ...