KTR alleges Singareni sale; SCCL still says 51:49
The Congress government denies privatisation, but has not produced a public order or coal-stock reconciliation to close the argument.
Singareni’s ownership ratio is on record; the reconciliation is not.
K.T. Rama Rao has alleged that the Congress government in Telangana is preparing to privatise Singareni Collieries and is allowing financial and operational problems to deepen. The allegation is political, not yet a documented government decision. The public record currently contains no cabinet order, share-transfer notice or SCCL filing announcing privatisation.
KTR also alleged that Telangana owes Singareni about Rs 60,000 crore and that 40 lakh metric tonnes of coal had gone missing, alongside irregularities in tenders, diesel procurement, detonators and overburden-removal contracts. Those figures and allegations have not been established by the official material reviewed. Repeating a number from one political speech does not turn it into an audit.
Industries and IT Minister Duddilla Sridhar Babu denied any privatisation plan on 15 October 2026. His reported formulation was: “There is no question of privatising Singareni.” He also said the government would neither privatise the company nor allow it to be privatised, and defended the tender process. His counter-allegations about the previous BRS government using Singareni as an “ATM” are also political claims, not findings proved by the documents reviewed.
SCCL’s own website continues to describe the company as jointly owned 51% by Telangana and 49% by the Union government. Its official material records Rs 6,394 crore in post-tax profit for 2024–25, with Rs 4,034 crore allocated for expansion and Rs 2,360 crore for welfare. That weakens the easy sale narrative, but it does not answer the questions about dues, tenders or stock reconciliation. The Congress government has not bothered to publish the records that would settle them. For now, Singareni has a denial, an allegation and no transparent reconciliation — which is less governance than a press conference with a helmet.