Coal news and updates

Singareni clocks 108% growth in FY16 PAT

Buoyed by high growth in coal production and off-take, Singareni Collieries Company Ltd (SCCL) has achieved a 108% jump in its profit after tax (PAT) in 2015-16, according to information available with ICMW.

The estimated PAT stood at Rs 1,020 crore in 2015-16, compared to Rs 490 crore in 2014-15, the data show.

Also, the gross turnover surged by 17.3% to Rs 16,516 crore in 2015-16, against Rs 14,078 crore a year ago.

There was a 20.5% jump in taxes paid by the company, from Rs 3,859 crore in 2014-15 to Rs 4,651 crore in 2015-16.