Kishan Reddy seeks release of ₹55,000-cr dues to help SCCL bid for new coal block
Union Minister G. Kishan Reddy has called on the Telangana government to release ₹55,000 crore in dues to Singareni Collieries Company Limited (SCCL). He argues these funds are essential for the company to participate in new coal block auctions and maintain financial stability.
Why it matters
The dispute highlights ongoing fiscal tensions between the central and state governments regarding the management and revenue of public sector energy enterprises.
Union Coal and Mines Minister G. Kishan Reddy urged the Telangana Government to clear the pending dues of ₹55,000 crore owed to Singareni Collieries Company Limited (SCCL), saying the funds would help the public sector coal miner participate in the fresh auction of the Koyagudem Block-3 in Bhadradri Kothagudem district.
Speaking to reporters in New Delhi on Tuesday, Mr. Kishan Reddy said the coal block was being reauctioned after the private company that had originally won it failed to commence production within the stipulated timeframe, leading to the cancellation of its allocation.
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