Singareni Collieries Company Ltd (SCCL), the coal miner operating in Telangana, has increased the run-of mine (ROM) prices of non-coking coal for June, 2022.
The price revision has been carried out across the entire range of coal grades, but the increment varies for the different set of customers.
It is important to note that the company has two set of coal prices for power and non-power consumers, which forms the basis for sales via fuel supply agreements and e-auction modes.
In case of power sector, prices for high calorific value (CV) coal ranging G1-G5 have been increased by INR 300/t, while the hike in lower CV coal ranging G15-G17 was INR 100/t. Prices of the remaining grades were kept unchanged.
For non-power sector, prices of coal grades in range of G1-G8 were increased by INR 300/t, while for the remaining grades, a hike of INR 200/t was introduced.
Incidentally, prices of non-coking for grades G1 to G5 stand same for both power and non-power consumers. However, prices for the remaining grades for non-power sector are on the higher side than those of power sector.
SCCL aims to step up production
SCCL is the second-largest coal producer in the country after Coal India Ltd. The company had recorded its highest-ever production of 65.02 mnt in FY2021-22 (FY22). Production target for FY23 is 74 mnt.
In a recent review meeting, the company has decided to set-up 10 new coal projects in the next 5 years. This would help the company in achieving 100 mnt of production.
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