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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
No truth in missing coal stock allegations, says SCCL
BL Hyderabad Bureau · 2026-06-21 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
“Therefore, allegations that coal has been stolen or has gone missing are completely baseless and far removed from the facts,’’ the SCCL management said. 

“Therefore, allegations that coal has been stolen or has gone missing are completely baseless and far removed from the facts,’’ the SCCL management said. 

The Singareni Collieries Company Ltd (SCCL) on Sunday dismissed recent allegations that coal stocks had gone missing from the company, saying there was “no truth” in the claims.

In a statement issued here, the SCCL said all processes related to coal production, stock maintenance, transportation, and sales were being carried out with complete transparency under the supervision of advanced technological systems and ‘robust’ coal transportation, security, and monitoring mechanisms were currently in place across the organisation.

“From the moment coal is produced in the mines until it reaches the end consumer, every stage is digitally recorded and monitored. Approximately 85 percent of the coal is transported through railways, while the remaining 15 percent is supplied through road transport,’’ it said. 

On the allocations, it said: “Coal allocations are made through an integrated SAP-based system. Details such as consumer, mine, quantity, and supply schedule are digitally recorded in advance. Information pertaining to every tonne of coal is continuously monitored through Coal Net, SAP, and other online systems.”

Every vehicle transporting coal by road was weighed at electronic weighbridges and the vehicle movements are monitored in real time through Radio Frequency Identification (RFID)-based boom barriers, GPS/GPRS tracking systems, and geo-fencing technology, the Hyderabad-based company said. 

Designated routes

“Any deviation from designated routes is immediately detected and monitored through the system. Loading and dispatch details of every railway wagon are also digitally recorded. CCTV surveillance, RFID systems, check-posts, flying squads, and security personnel maintain round-the-clock monitoring at mines, Coal Handling Plants (CHPs), weighbridges, railway sidings, stockyards, and entry-exit points,’’ it said, adding that surprise inspections and special security patrols are being conducted on a continuous basis.

The coal production and transportation are being carried out under a multi-layered security framework comprising RFID, GPS, CCTV surveillance, Coal Net, electronic weighbridges, Singareni Security personnel, flying squads, hologram challans, and task force monitoring systems, SCCL said. 

“Therefore, allegations that coal has been stolen or has gone missing are completely baseless and far removed from the facts,’’ the SCCL management said. 

Published on June 21, 2026