The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for sanctioning of Jallaram Shaft project of Singareni Collieries Company Ltd. (SCCL) for a net capital requirement of Rs.467.78 crore.
New Delhi, Sept 6 : The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for sanctioning of Jallaram Shaft project of Singareni Collieries Company Ltd. (SCCL) for a net capital requirement of Rs.467.78 crore.
Upon completion of the project, 2.285 Mtpa of coal would be produced and will cater to the demand of NTPC Ramagundam and other cement units.
Singareni Collieries Company Ltd. is a Public Sector company owned by Government of Andhra Pradesh (GOAP) with equity sharing of 51:49 between GOAP and Government of India (GOI).
At present, SCCL has 45 underground and 12 opencast operating mines and the company produced 37.71 million tones (Mt) of coal in the year 2006-07. Jallaram Shaft Project is located in Karimnagar District of Andhra Pradesh.
The CCEA also gave its approval for continuation of the Rural Employment Generation Programme (REGP) in its present form till March 31, 2008 so that the employment generation through encouragement of entrepreneurs to set up units which are in full swing in the rural areas, goes on uninterruptedly.
The CCEA also gave its approval for an expenditure of Rs.445 crore towards REGP during the year.
The continuation of the REGP would result in generation of 7.04 lakh additional employment opportunities in the rural areas during the year.
The CCEA gave its approval for continuation of Centrally Sponsored Scheme of Post Matric Scholarship to students belonging to Scheduled Castes (SC) in its existing form, with an anticipated expenditure of Rs.5000 crore.
CCEA also approved the enhancement of 10th Five Year Plan Outlay from Rs.1558 crore to Rs.1822.45 crore.
The Post Matric Scholarship Scheme is an open-ended scheme. All the SC students, whose parents annual income does not exceed Rs.1.00 lakh, will be benefited through this scheme.
ANI