SCCL records net profit of Rs 395 cr

Source: The Hitavada      Date: 20 Aug 2017 10:01:43


Aug 19,


SINGARENI Collieries Company Limited (SCCL) on Saturday said its net profit for 2016-17 stood at Rs 395.4 crore while the turnover was recorded at Rs 17,853 crore. According to a statement issued by the miner, it paid about Rs 6,056 crore to both the Telangana Government and the Centre towards various taxes. The company also spent Rs 30 crore towards CRS during the last fiscal. The Board of Directors, in a meeting held today also approved budgets for three new mines, the statement said.