New coal blocks to further strengthen SCCL, says CMD
SCCL Chairman and Managing Director Dr. Buddhaprakash Jyoti stated at Independence Day celebrations in Kothagudem that the company secured two new coal blocks with government assistance. He further emphasized that additional mine acquisitions in the near future will bolster SCCL's position. Addressing the audience, Jyoti stated that SCCL aims to serve the nation by guaranteeing sufficient coal supplies to meet the State's power demands.
The company recently obtained mining rights for the Tadicherla-II block, believed to contain around 340 million tonnes of coal, which could sustain mining activities for approximately four decades. Additionally, SCCL acquired the PKOC-2 Dipside Block via auction, which boasts approximately 120 million tonnes of coal reserves and is projected to stimulate growth in the Manuguru and Kothagudem regions.
The corporation has also received a license for the exploration of gold and copper minerals in Karnataka's Deva Durga area, with exploration activities to commence soon. Furthermore, SCCL is preparing to investigate rare earth elements in its open-cast mines. The SCCL's Geo-Science Laboratory, established in Kothagudem, was recently inaugurated by Deputy Chief Minister Mallu Bhatti Vikramarka.
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