Which one among the following statements about the Singareni Collierie

Which one among the following statements about the Singareni Collieries Company Limited is correct?

Located at Kothagudem in Telengana, this is the first and the oldest coal mining company in India in the private sector

It has now diversified into thermal and solar power generation, explosive manufacturing for blasting in opencast mines and consultancy works

It has been conferred with 'Navratna' status since 2011

It is the single largest coal producing company in the world

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC CAPF – 2024

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Statement B is the correct statement about Singareni Collieries Company Limited (SCCL).

SCCL is a public sector undertaking jointly owned by the Government of Telangana and the Government of India, not a private sector company. While it is an old company, claiming it is the ‘first and oldest coal mining company’ requires careful historical verification, but it being in the ‘private sector’ is definitively false. SCCL has indeed diversified its operations into thermal and solar power generation, explosives, and consultancy. SCCL is classified as a ‘Mini Ratna’ PSU, not a ‘Navratna’. Coal India Limited (CIL) is the world’s largest coal producer, not SCCL.

Public Sector Undertakings (PSUs) are companies owned by the government. Mini Ratna and Navratna are statuses conferred upon certain PSUs based on their performance and autonomy. Diversification is a common strategy for energy companies.

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