Which one among the following statements about the Singareni Collierie

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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
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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