Singareni Collieries Company Limited
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In the year 1871, Dr.King of the Geological Survey of India, discovered coal near the village of Yellandu in Khammam District. And one of the important coal seams bore his name. The Hyderabad(Deccan) company Limited., incorporated in England, acquired mining rights in 1886 to exploit coal found in Yellandu area. The present company was incorporated in 1920 under the Hyderabad Companies Act, and was floated in the year 1921 as a public limited company with the name 'Singareni Collieries Company Limited' (SCCL). It acquired all the assets and liabilities of the Hyderabad (Deccan) Co. Ltd. Best & Co. acted as secretaries and selling agents. The state of Hyderabad purchased the majority shares of the company in 1945. From 1945 to 49, the Hyderabad Construction Co. Ltd were acting as managing agent. In 1949, this function was entrusted to Industrial Trust Fund by the then Government of Hyderabad. The pursuant to the reorganization of the states. Thus, the SCCL became a government company under the Companies Act in 1956. Large-scale expansion of Singareni Collieries was undertaken during the initial five-year Plans. The Central Government, in 1960, stated it sparticipation in the equity of the company as also rendering the required loan assistance. Thus since March, 1960, it has been jointly owned by the Government of Andhra Pradesh and The Government of India. In 1974, the Government of India transferred its share capital to the newly constituted Coal Mines Authority Limited (Coal India Limited). The manner of participation in the company financial assistance for its expansion, by the State Government and the Central Government, were agreed upon in the Four Party Agreements of 1974. Subsequently, the Central Government decided to control its equity directly in SCCL. Accordingly, agreements were concluded on 13th March 1977. The SCCL, the State Government, the Central Government and Coal India Limited were parties to the agreement. These two agreements are popularly called quadripartite agreements.
For financial assistance during VI and VII plan periods, separate agreements were executed on 31st March, 1985 and 10th February, 1989 between the Government of India, the Government of Andhra Pradesh and SCCL. These Agreements are called Tripartite Agreements.
The Company's accredited function is to explore and exploit the Coal deposits in the Godavari Valley Coalfield, which is the only repository of Coal in South India. Mining activities of SCCL are presently spread over four districts of Andhra Pradesh Viz. Adilabad, Karimnagar, Khammam and Warangal. The company is headquartered in Kothagudem.