Telangana industries minister D Sridhar Babu accused BRS of using Singareni Collieries Company Limited (SCCL) as an “ATM” and pushing it into financial distress during its rule.
Rejecting allegations by BRS working president KT Rama Rao over Singareni’s management, Sridhar Babu said Congress govt had ended the exploitation and commission-based tender system prevalent under BRS rule and introduced transparency in governance.
Sridhar Babu said G-9 grade coal was currently being produced from nine Singareni mines. During the past 10 years, about 4 million tonnes of G-9 coal was supplied annually to thermal power plants with fuel supply agreements. Singareni has supplied more than 25 million tonnes of coal to thermal plants in Telangana and other states so far this year. Of this, 1.20 million tonnes was G-9 coal, including 0.52 million tonnes supplied to Telangana GENCO plants, he said.
It is not appropriate to indulge in politics through baseless allegations,” he said. Congress govt had operationalised Naini coal block, he said. Sridhar Babu said Congress govt aimed to increase Singareni’s wealth and share it with people. He said the BRS leaders are unable to tolerate and are spreading false propaganda as the Congress govt brought transparency in the governance. Earlier reporting noted: Refuting the allegations of BRS working president KT Rama Rao on Singareni management and the state govt seeking a CBI probe, Sridhar Babu said the Congress govt put an end to exploitation and commission-based culture that existed in tenders during the BRS rule. It is not appropriate to indulge in politics through baseless allegations,” the minister said.
“KTR and other party leaders who allege irregularities should produce evidence if they have any. The minister alleged that BRS govt had failed to clear dues owed to Singareni and accumulated thousands of crores of rupees in outstanding payments through power utilities, pushing the company into a debt trap. He also accused BRS govt of building Yadadri Thermal Power Plant for commissions and leaving it with technical defects.
Earlier reporting noted: Sridhar Babu Accuses BRS of Misusing Singareni Collieries Hyderabad: Telangana industries minister D Sridhar Babu alleged that the BRS used the Singareni Collieries Company Limited (SCCL) used it like an ATM and ruined.