Union Coal Minister Seeks Inquiry into Missing Coal Worth Rs 1,600 Crore from SCCL
En resumen
- Union coal minister G Kishan Reddy has requested an inquiry into reports of 40 lakh tonnes of coal, valued at approximately Rs 1,600 crore, missing from Singareni Collieries Company Ltd (SCCL).
- The minister expressed concern that these allegations could negatively impact SCCL's financial stability, especially given the company's existing dues from the Telangana government.
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Por qué importa
Union coal minister G Kishan Reddy has written to Telangana chief minister A Revanth Reddy regarding reports of missing coal from SCCL, citing potential financial impact due to unpaid dues from the state government.
NEW DELHI: Union coal minister G Kishan Reddy has written to Telangana chief minister A Revanth Reddy, seeking an inquiry into reports of 40 lakh tonne of coal worth about Rs 1,600 crore missing from Singareni Collieries Company Ltd (SCCL). In his letter, the coal minister said the allegations could impact the financial stability of SCCL, especially in the backdrop of its current financial position due to unpaid dues exceeding Rs 51,500 crore by Telangana govt. SCCL is jointly owned by the Telangana govt and the Centre in a 51:49 equity ratio and has a workforce of nearly 40,000 employees. “In my view, such allegations, if not examined with alacrity and addressed promptly, may undermine SCCL’s financial position and impede its future growth and sustainability,” the coal minister said, adding that the adequacy of safeguards, mechanisms, and internal controls for the effective functioning of SCCL should also be examined.
Preguntas abiertas
- What is the exact quantity and value of missing coal?
- What internal controls were in place at SCCL?
- What is the status of the Rs 51,500 crore dues from the Telangana government?
