Union Coal Minister G Kishan Reddy has urged an urgent probe into the alleged disappearance of 40 lakh tonnes of coal, valued at approximately Rs 1,600 crore, from Singareni Collieries Company Ltd (SCCL). The minister expressed concern over the potential financial impact on SCCL, which is already burdened by over Rs 51,500 crore in unpaid dues from the Telangana government.
The alleged disappearance of a significant quantity of coal and its substantial financial value raises concerns about corporate governance and financial mismanagement within a key state-owned enterprise, potentially impacting energy supply and the financial stability of both the company and the state government.
Union Coal Minister G Kishan Reddy has alerted the Telangana government to reports indicating the disappearance of approximately 40 lakh tonnes of coal, valued at around Rs 1,600 crore, from the Singareni Collieries Company Ltd (SCCL). In a letter dated June 10, 2026, addressed to Telangana Chief Minister A Revanth Reddy, the Union Minister emphasized the need for an immediate inquiry to verify these allegations and assess the existing safeguards at SCCL.
Reddy highlighted that such reports, if true, could further destabilize SCCL's financial standing, which is already precarious due to outstanding dues exceeding Rs 51,500 crore owed by the Telangana government. SCCL is a joint venture between the Telangana government and the Union government, with equity stakes of 51% and 49%, respectively.
The minister stressed that prompt examination and resolution of these allegations are crucial to prevent any adverse impact on SCCL's financial health, future growth, and overall sustainability. He suggested the implementation of technology-based monitoring systems and regular reviews to identify and address systemic weaknesses effectively, thereby enhancing the company's efficiency, transparency, and credibility.
Furthermore, Reddy requested the Chief Minister's personal attention to ensure the smooth functioning of SCCL and to protect the welfare of all individuals associated with the company, directly or indirectly.