Singareni must grow in line with changing market conditions
The company should expand into other mining sectors beyond coal
Deputy Chief Minister Bhatti Vikramarka Mallu at the review meeting with senior Singareni officials
HYDERABAD, JUNE 17, 2025: Deputy Chief Minister Bhatti Vikramarka Mallu stated that strengthening Singareni, a public sector enterprise with over 45,000 employees, is a key goal of the state government to ensure livelihood opportunities for future generations. On Tuesday, he conducted a review meeting with senior officials at the Singareni GM office in Bhupalpally.
He said the government’s primary objective is to ensure that Singareni remains profitable, benefiting its employees, local communities, and the state government. In the past, Singareni and Coal India held a monopoly in the coal sector, but due to recent global changes in the coal industry, there is now a need for Singareni to withstand market competition, the Deputy CM observed.
He advised that officials and staff must consistently compare coal production costs and selling prices in the open market, both of private companies and Singareni. To ensure transparency, he instructed officials to install boards at mining sites displaying coal production costs and market prices to raise awareness among workers and officers.
This is just one aspect. Given Singareni’s 136-year experience in mining, the Deputy CM urged the company to explore and profit from other mining operations in addition to coal. He suggested appointing consultants to study global demand for critical minerals and their availability. Failing to plan for the future would amount to harming the next generation, he added.
He emphasised that Singareni should not only focus on business but also maintain a humanitarian approach. The entire region where Singareni mines are operational must benefit in terms of welfare, he instructed.
Locals informed that two villages in the Bhupalpally constituency have been affected. Responding to this, the Deputy CM directed an investigation and instructed officials to submit the report.
He also highlighted the recent provision of accident insurance worth ₹1 crore for the welfare of Singareni workers. Notably, bonuses are being paid not just to permanent employees but also to contract workers.
The review meeting was attended by Minister Duddilla Sridhar Babu, MP Kadiyam Kavya, MLA Gandra Satyanarayana, Singareni CMD Balram Naik, District Collector Rahul Sharma, and others.
