Business Economy


40 lakh tonnes of coal missing? KTR seeks probe into alleged Rs 1,600 cr Singareni scam

Hyderabad, June 6 (UNI): Bharat Rashtra Samithi (BRS) Working President K.T. Rama Rao (KTR) has demanded an immediate and comprehensive investigation into the alleged disappearance of nearly 40 lakh metric tonnes of coal worth around Rs 1,600 crore from Singareni Collieries Company Limited (SCCL).
In a letter addressed to union Coal Minister G. Kishan Reddy on Friday, KTR questioned how such a massive quantity of coal, officially shown in Singareni's stock records, could have vanished without accountability.
KTR alleged that coal that should have been available in stockyards was illegally diverted and sold, causing a loss of nearly Rs 1,600 crore to the public sector undertaking. He demanded that the union Government immediately ascertain the whereabouts of the missing coal and bring those responsible to justice.
He stated that ever since the Congress government assumed office in Telangana, Singareni has become synonymous with a series of scandals. From the Naini coal mine tender controversy to several other alleged irregularities, KTR said there has been no meaningful response from the Centre despite repeated demands from BRS.
According to KTR, official records on the Singareni website indicated the availability of approximately 40 lakh metric tonnes of coal across multiple mines, including Mandamarri, Srirampur, Ramagundam-I, Ramagundam-II, Bhupalpally, Yellandu and Sathupalli. However, physical verification reportedly revealed that the coal stocks were not available at the designated locations.
He pointed out that despite records showing payment of coal cess and income tax on these stocks, the actual coal was allegedly missing from the ground. KTR questioned who was responsible for this discrepancy and why neither officials from the union Coal Ministry nor the Comptroller and Auditor General (CAG) had conducted inspections so far.
"The coal of Singareni belongs to the people of Telangana. Both the State and Central Governments are collectively endangering the future of this institution," KTR said.
He further alleged that if there is no tacit understanding between Chief Minister Revanth Reddy and union Minister Kishan Reddy, the Centre should immediately order a thorough investigation and take stringent action against those responsible.
Demanding transparency, KTR called upon the union Government to send an all-party delegation to the concerned mines and stockyards for on-ground verification. Referring to the earlier Naini coal mine tender controversy, KTR alleged that the Congress government introduced conditions such as mandatory site-visit certificates to favour select bidders. He claimed that despite BRS exposing the issue, no meaningful action had been taken against those involved.
KTR also raised concerns regarding alleged irregularities in solar power tenders, diesel procurement, explosive purchases, diversion of Corporate Social Responsibility (CSR) funds and the alleged misuse of Singareni funds for non-core activities.
He accused both the Congress and BJP of protecting those involved in various irregularities and demanded a judicial inquiry headed by a sitting judge into the Rs 1,600 crore coal scam.
He warned that if the Centre fails to order an investigation into the alleged scam, BRS, along with workers and employees of Singareni, would launch a large-scale agitation against both the State and Central Governments.
KTR reiterated that the workers of Singareni and the people of Telangana deserve complete transparency regarding the alleged disappearance of coal worth Rs 1,600 crore and demanded immediate corrective action.
UNI KNR AAB
More News

IITM 2026 to showcase 1,000-plus destinations in Bengaluru

21 Jul 2026 | 8:48 PM

Bengaluru, July 21 (UNI) India's travel and tourism industry will converge in Bengaluru this week as the 26th edition of the India International Travel Mart (IITM) 2026 opens here from July 23 to 25, bringing together hundreds of exhibitors, tourism boards, airlines, hospitality brands and travel companies from across India and overseas in one of the country's biggest travel trade gatherings.

see more..

Adani Energy Solutions Q1 FY27 profit more than doubles to Rs 1,149 crore

21 Jul 2026 | 8:30 PM

Mumbai, Jul 21 (UNI) Adani Energy Solutions Limited (AESL) officially informed the stock exchanges through a regulatory filing on Tuesday that it has reported a strong financial performance for the first quarter (Q1) of FY 2026-27, with its consolidated net profit more than doubling to Rs 1,149 crore for the quarter ended June 30, 2026, as compared to its Rs 513 crore net profit in the corresponding quarter of the previous financial year. .

see more..

AI beyond chatbots: Startups tackle wealth, energy and logistics

21 Jul 2026 | 8:16 PM

Bengaluru, July 21 (UNI) Indian startups are increasingly moving beyond consumer-facing applications of artificial intelligence and deep technology to address complex challenges across finance, logistics, energy and daily life, with five ventures showcasing specialised solutions at Antler India's startup showcase here on Tuesday.

see more..

Canara Bank nominee to receive ₹46 lakh insurance payout under Premium Payroll Account

21 Jul 2026 | 8:07 PM

Hyderabad, July 21 (UNI) Canara Bank has extended insurance benefits worth ₹46 lakh to the nominee of a Premium Payroll Account holder who died in an accident, highlighting the financial protection offered under the bank's payroll banking scheme.

see more..

Stock markets end lower amid weakness in heavyweight private banks

21 Jul 2026 | 7:58 PM

New Delhi, Jul 21 (UNI) Indian stock markets on Tuesday ended lower for the second consecutive session amid volatile trading. Weakness in heavyweight private banks and elevated crude oil prices led to the markets volatility. .

see more..