Hyderabad: The Central government cannot privatize Singareni Collieries Company Limited (SCCL), according to Energy Minister G Jagdish Reddy, because the State government owns 51 per cent of the company.
Telangana's IT, Industries Minister KT Rama Rao has accused the BJP led central government of “conspiring to privatize the Singareni Collieries in the state. The Singareni Collieries Company Limited (SCCL) is a coal mining company jointly owned by the Telangana and Union governments on a 51:49 equity basis.
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