News Brief | November 2014
Singareni opens biggest underground mine
The country's second-largest coal producer Singareni Collieries will open the country's biggest underground mine next month with a capacity of 2.8 million tonnes (mt) per year. Singareni's better-than-expected out¡put will ensure sufficient supplies to south India-based power plants. Singareni's small size and focus on one state, Telangana, has helped it beat its production targets for years, unlike Coal India that has its mines across the country. The company expects to produce a total of 55 mt in the current fiscal year ending March 31, 2015, and 56 mt the year after that. Its target for the current fiscal year was 54.5 mt. Many power plants in the country are facing a massive coal shortage, due to low supply levels from Coal India.