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Singareni
Colleries Company Limited (SCCL),
incorporated as a public limited
company in 1920, became a Government
Company in 1956
when Government of Andhra Pradesh acquired
major share holding. The share
capital of the
company is held by Government of Andhra
Pradesh and Government of India in
the ratio
of 51 : 49 respectively. The loan capital is provided
entirely by the Government of India. The
assistance is governed by a
Tripartite Agreement between Government of India,
Government of Andhra Pradesh and Singareni
Collieries Company Limited. The last such
agreement for the period 1990 -
1997 was signed in October,
1994 covering the period from
01.04.1990 to 31.03.1997. A tripartite agreement for 9th
Five Year Plan period is to be signed.
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