SCCL

The state-owned miner needs to raise prices but it is caught between the political constraints on its major buyer, electricity producers and close decision-making control by the coal and power

State-owned Coal India Limited (CIL) and trade unions have agreed to a 19 per cent minimum guaranteed benefit of the monthly emolument, benefitting 2.38 lakh non-executive workers, an official statement said on Wednesday. In this regard, "CIL and the four central trade unions BMS, HMS, AITUC and CITU have inked a Memorandum of Understanding (MoU), recommending 19 per cent Minimum Guaranteed Benefit (MGB) for 2.38 lakh non-executive employees as part of the ongoing National Coal Wage Agreement XI (NCWA-XI)," Ministry of Coal said in a statement. The MoU between CIL and trade unions was signed in Kolkata on Tuesday. The MGB of 19 per cent is on the emoluments as of June 30, 2021, which include basic pay, variable dearness allowance, special dearness allowance and attendance bonus. The Telangana-based Singareni Collieries Company Limited (SCCL) was also the other signatory to the MoU. "A total of around 2.82 lakh employees of both the state-owned coal entities, CIL and SCCL, who were

The Centre on Monday said an additional 19 first mile connectivity projects of state-owned CIL and SCCL will be implemented by 2026-27. First mile connectivity refers to the transportation of coal from pitheads to dispatch points. "The Ministry of Coal will be taking up additional 19 First Mile Connectivity (FMC) projects for Coal India Ltd (CIL) and Singareni Collieries Company Ltd (SCCL) with a capacity of 330 million tonnes (MT) and these projects will be implemented by FY26-27," the ministry said in a statement. The ministry has already undertaken 55 first mile connectivity projects worth Rs 18,000 crore. Out these 55 projects, eight having a capacity of 95.5 million tonnes per annum (MTPA) have been commissioned and the remaining will be commissioned by FY25. To ensure efficient and environment-friendly coal evacuation, the government is working on the development of the National Coal Logistic Plan, including first mile connectivity through railway sidings near coal mines and

The Prime Minister stated that there is neither a proposal under consideration for the privatisation nor the Centre has any intention to do it

Rao asked Modi to intervene on the issue and direct the coal ministry to allocate the blocks to SCCL under Section 11 (A)

SCCL has identified 127.31 hectares of land separately just adjacent to the existing plant. The estimated cost of the project is Rs 5,879.62 crore, the documents showed.

The company has missed the April output target of 4.94 MT