The history of the company dates to 1871 when Dr. King of the Geological Survey of India discovered coal in the small town of Yellandu in Khammam territory of Andhra Pradesh. An England based company i. e. The Hyderabad ( Deccan ) Company Limited acquired rights exploit coal in this country in 1886. The present The Singareni pits company limited ( SCCL ) was incorporated on 23rd December 1920 under the Hyderabad Companies Act as a populace limited company.
SCCL acquired all the assets and liabilities of the Hyderabad ( Deccan ) Co. Ltd. Best & A ; Co. , acted as Secretaries and Selling Agents. The State of Hyderabad purchased bulk portions of the Company in 1945. From the twelvemonth 1945 to 1949, the Hyderabad Construction Co. , Ltd. acted as Managing Agent. In 1949 this map was given to Industrial Trust Fund by the so Government of Hyderabad. I 1956 after the reorganisation of the province of Madras the control of the company was transferred to the Government of Andhra Pradesh. Thus, the SCCL became a Government Company under the Companies Act in 1956.
During the first five twelvemonth program SCCL started monolithic enlargement procedure and in 1960 the Government of India started widening loan aid to SCCL and purchased major equity of the Company. Therefore since March 1960 SCCL has been jointly owned by the Government of Andhra Pradesh and the Government of India. In the twelvemonth 1974 the Government of India transferred its portion capital to the Coal Mines Authority Limited now known as Coal India Limited. Later, Government of India controlled its equity straight in SCCL from December 1977.
The chief activities of the company are to research and work the coal sedimentations in the Godavari vale coalfield in Andhra Pradesh, the lone depository of coal in South India. Mining activities of SCCL are presently spread over four territories in the province of Andhra Pradesh Viz. Adilabad, Karimnagar, Khammam and Warangal. About 929. 12 million metric tons of coal has been extracted by SCCL in the Godavari vale coalfield till the twelvemonth 2009-10. Profile of the Products and services Singareni Collieries Company Limited ( SCCL ) is the 1 of the taking coal excavation company in the state.
Its trades with different classs like of coal which are sold to most of the clients situated in Andhra Pradesh and to some extent in other parts of Southern India. The chief industries to which SCCL sells coal are Captive Power, Ceramics and Refractories, Chemical industries, Electricals and electronic, major cement, Metal and metal, mineral processing and powder, oil and dissolver extraction etc. The company has categorized the clients loosely as Core Sector ( Linked Consumers ) , Non-core Sector ( Unlinked Consumers ) .