STPP Myt Filings

102nd Annual Report & Accounts for the year 2022-2023
THE SINGARENI COLLIERIES COMPANY LIMITED

(A Government Company)
102ND ANNUAL REPORT & ACCOUNTS FOR THE YEAR 2022-2023
CONTENTS
Performance indicators at a glance 1

Notice 2
Board’s Report 5
Report of Comptroller and Auditor General 97
Independent Auditors’ Report and Management replies on the Standalone Financial Statements 102
Independent Auditors’ Report and Management replies on the Consolidated Financial Statements 123
Standalone Financial Statements:
- Balance sheet 138
- Statement of Profit & Loss 140
- Cash Flow Statement 144
- Notes 147
Statement on subsidiary & JV Companies in Form AOC-I 265
Consolidated Financial Statements 267
BANKERS: Location of mining areas:

State Bank of India, Indian Bank,
Canara Bank, Union Bank of India Khammam & Bhadradri Kothagudem Districts
Yellandu
STATUTORY AUDITORS:
Rudrampur
Joint Statutory Auditors
Manuguru
1. M/s. M. Anandam & Co., (HY0002)
Mohan Road, Khammam-507001 (T.S.)
and Peddapalli District
2. M/s. Brahmayya & Co, (SR0013) Ramagundam (Godavarikhani) I, II and III
Govindarajulu Naidu Street, Vijayawada, A.P.
COST AUDITORS: Mancherial & Komarambheem Asifabad Districts

M/s. PKR & Associates LLP, Srirampur
Cost Accountants, Mandamarri
101, K S Kovela Apartment, Bellampalli
Bhagyanagar Phase III,
Near MNR College, Kukatpally, Jayashankar Bhoopalpalli District
Hyderabad – 500 085. Bhoopalpalli
SECRETARIAL AUDITOR:
Sri K.V. Chalama Reddy, Company Secretary,
Plot No. 8-2-603/23/3, 2nd Floor, HSR Summit,
Banjara Hills, Rd. No. 10, Hyderabad -500 034.
THE SINGARENI COLLIERIES COMPANY LIMITED i

BOARD OF DIRECTORS
1. Chairman & Managing Director
Sri N. Sridhar (From 01.01.2015 FN)
Functional Directors (Whole time)

2. Director (Finance) & CFO
Sri N. Balram (From 05.12.2018)
3. Director (Personnel, Administration & Welfare)

Sri N. Balram (FAC) (From 01.05.2021 to 19.08.2022) &
(From 01.02.2023)
Sri S. Chandrasekhar (FAC) (From 20.08.2022 to 31.01.2023)
4. Director (Electrical & Mechanical)

Sri D.Satyanarayana Rao (From 25.09.2020 AN)
5. Director (Operations)
Sri NVK Srinivas (From 01.02.2023)
Sri S. Chandrasekhar (From 02.05.2017 AN to 31.01.2023)
6. Director (Planning & Projects)

Sri G. Venkateswara Reddy (From 01.02.2023)
Sri N.Balram (FAC) (From 01.08.2020 to 31.01.2023)
Government of India nominee Directors (Part time)

1. Sri Manoj Kumar (From 08.02.2021)
Chairman-cum- Managing Director, Western Coalfields Ltd., Nagpur
2. Sri D.K.Solanki (From 03.01.2022)

Dy. Secretary, Ministry of Coal, Govt. of India, New Delhi
3. Smt. Santosh (From 22.02.2023)

Dy.Director General, Ministry of Coal, Govt. of India, New Delhi
Sri PSL Swami (From 26.06.2019 to 25.10.2022)

Director, Ministry of Coal, Govt. of India, New Delhi
Government of Telangana nominee Directors (Part time)
4. Sri K.Rama Krishna Rao (From 28.06.2014)

Special Chief Secretary, Finance Dept., Govt. of Telangana
5. Sri Sunil Sharma (From 22.10.2021)

Special Chief Secretary, Energy Dept., Govt. of Telangana.
Smt. Korlapati Sunitha Devi Sri Mullapudi Subba Rao

Company Secretary General Manager (Finance & Accounts)
ii 102nd Annual Report & Accounts for the year 2022-2023

BOARD OF DIRECTORS
(As on 29.09.2023)
Sri N. Sridhar,
Chairman & Managing Director
Sri N. Balram Sri D. Satyanarayana Rao Sri N.V.K. Srinivas Sri G. Venkateswara Reddy
Director (Finance) & Director Director Director
(PA&W) (FAC) and CFO (Electrical & Mechanical) (Operations) (Planning & Projects)
Sri Sunil Sharma Sri Manoj Kumar Sri D. K. Solanki Smt. Santosh
Sri K. Rama Krishna Rao
Director Director Director Director Director
THE SINGARENI COLLIERIES COMPANY LIMITED iii

Graphs Indicating Important Statistics

Production Off-take (Million Tonnes) Contribution to Exchequer - State Government
Contribution to Exchequer - Central Government
75
67.14 66.69 65.02 65.53 67.67
64.04 62.47 64.40 Contribution to Exchequer - Odisha Government (Rs. in Crore)
60
50.58 48.51 6000
5418.42
45
3680.45
4000
30 3216.65 3330.22 3348.40
2932.57
2107.25
2054.27 1906.47
15 2000
654.06
3.08 9.46 0.00 0.00 0.00
0 0
2022-23 2021-22 2020-21 2019-20 2018-19 2022-23 2021-22 2020-21 2019-20 2018-19
Productivity (O.M.S) (Tonnes/Man Shift) Social Overheads (Rs. in Crore)

4.89 4.83
5.00 4.61 700
4.20 609.66 593.55
3.99 600 588.89 582.96 565.66
4.00
500
3.00 400
2.00 300
200
1.00
100
0.00 0
2022-23 2021-22 2020-21 2019-20 2018-19 2022-23 2021-22 2020-21 2019-20 2018-19
Manpower (Nos.) Debtors (Rs. in Crore)

60000
16000 15235.58 14640.30
48942
42724 43672 43895 46021
45000 12000
9400.33 9461.92
30000 8000
5346.27
15000 4000
0 0
2022-23 2021-22 2020-21 2019-20 2018-19 2022-23 2021-22 2020-21 2019-20 2018-19
(restated) (restated) (restated) (restated)
Net Sales (Rs. in Crore) Debtors as No. of months' Sales

(No. of Months)
30000
26179.26 8.00
25000 7.07 6.79
20489.46 18854.12 19822.50 5.91
20000 6.00
4.99
15000 13756.21
4.00
10000 2.65
2.00
5000
0 -
2022-23 2021-22 2020-21 2019-20 2018-19 2022-23 2021-22 2020-21 2019-20 2018-19
(restated) (restated) (restated) (restated) (restated) (restated) (restated) (restated)
Profit Before Tax Net Worth (Rs. in Crore) Stock of Stores (in months consumption)
14000 (No. of Months)
11936.2 3.00
12000 2.73
2.44
9814.49 2.50
10000
8641.82 8421.06
8000
7557.87 2.00
1.69
1.44
6000 1.50
1.03
4000 2822.48 1.00
3074.36 2857.47
1684.72 0.50
2000
777.26
0 -
2022-23 2021-22 2020-21 2019-20 2018-19 2022-23 2021-22 2020-21 2019-20 2018-19
(restated) (restated) (restated) (restated) (restated) (restated) (restated) (restated)
iv 102nd Annual Report & Accounts for the year 2022-2023

PERFORMANCE INDICATORS AT A GLANCE

Sl. 2021-22 2020-21 2019-20 2018-19
INDICATORS UNIT 2022-23
No. (restated) (restated) (restated) (restated)
1 Production
a) Opencast (Lakh Tonnes) 599.38 585.71 460.65 553.78 552.24
b) Underground (Lakh Tonnes) 71.99 64.51 45.15 86.66 91.77
c) Total (Lakh Tonnes) 671.37 650.22 505.80 640.44 644.01
2 Off-take (Lakh Tonnes) 666.93 655.33 485.13 624.65 676.69
3 Stock of Coal (Lakh Tonnes) 52.81 48.39 53.96 34.68 18.64
4 Output per Man Shift (Tonnes) 3.99 4.61 4.20 4.89 4.83
5 Power Generation From 2x600 MW STPP
a) Gross Generation (MUs) 9303.96 9352.93 7345.06 9226.88 8698.48
b) Auxiliary consumption (MUs) 562.00 545.37 449.73 555.65 490.27
c) Net export (MUs) 8741.96 8807.57 6895.33 8671.23 8208.21
d) Plant Load Factor (PLF) % 88.24 88.90 69.59 87.53 83.71
6 Manpower (Nos.) 42724 43672 43895 46021 48942
7 Net Sales (Rs Crore) 26179.26 20489.46 13756.21 18854.12 19822.50
a) Coal Sales (Rs Crore) 21764.00 16628.38 10536.28 14727.36 16339.43
b) Power Sales (Rs Crore) 4415.26 3861.08 3219.93 4126.76 3483.07
8 Total Income (Rs Crore) 28755.47 21890.22 15870.94 19778.32 20699.36
9 Profit Before Tax (Rs Crore) 3074.36 1684.72 777.26 2857.47 2822.48
10 Profit After Tax (Rs Crore) 2222.46 1193.21 441.59 1003.52 1822.91
11 Accumulated Profit (Rs Crore) 9007.89 6641.48 5542.47 5498.01 4720.31
12 Other Comprehensive Income (Rs.Crore) -813.42 -439.48 -403.17 -474.39 -456.04
13 General Reserve (Rs Crore) 1960.40 1860.40 1760.40 1660.40 1560.40
14 Equity Share Capital (Rs Crore) 1733.20 1733.20 1733.20 1733.20 1733.20
15 Net Worth (Rs Crore) 11936.20 9814.49 8641.82 8421.06 7557.87
16 Earning per Share (Rs.) 14.98 7.09 2.14 5.90 10.61
17 Long-Term Debt (including current (Rs Crore) 2820.59 3702.59 3997.09 4189.84 4282.29
maturity)
18 Total Debt (Long Term Debt + Current (Rs Crore) 2824.94 4139.55 5345.85 4454.68 4294.66
Borrowings)
19 Long Term Debt to Total Equity Ratio (Ratio) 0.24:1 0.38:1 0.46:1 0.50:1 0.57:1
20 Total Debt to Total Equity Ratio (Ratio) 0.24:1 0.42:1 0.62:1 0.53:1 0.57:1
21 Cost of Sales to Sales % 88.26 91.78 94.35 84.84 85.76
22 Debtors as No. of months’ Sales (Months) 5.91 7.07 6.79 4.99 2.65
23 Contribution to Exchequer
- State Government (Rs Crore) 5418.42 654.06 2054.27 1906.47 3348.40
- Central Government (Rs Crore) 3216.65 2932.57 2107.25 3330.22 3680.45
- Odisha Government (Rs Crore) 3.08 9.46
THE SINGARENI COLLIERIES COMPANY LIMITED 1

The Singareni Collieries Company Limited

( A Government Company )
Regd. office: Kothagudem Collieries (PO) – 507 101
Bhadradri Kothagudem Dist., Telangana State
CIN: U10102TG1920SGC000571
Website: www.scclmines.com email: [email protected]
NOTICE
Notice is hereby given to all the shareholders of The Singareni Collieries Company Limited that the 102nd Annual
General Meeting of the Company will be held on Friday the 29th day of September, 2023 at 11.00 a.m. at the
Registered office, Head office building, Kothagudem Collieries (P.O) – 507 101, Bhadradri Kothagudem District,
Telangana State to transact the following business.
1. To consider and adopt the Board’s Report and the audited Annual Accounts for the financial year 2022-23.
2. To declare dividend @10% on the paid-up equity share capital for the financial year 2022-23.
3. To appoint Director in place of Smt. Santosh who retires under Article 98 of the Articles of Association of the
company and is eligible for re-election.
4. To fix the remuneration payable to Statutory Auditors to be appointed by C&AG of India for the financial year
2023-24.
“RESOLVED that pursuant to the provisions of Section 142 and other applicable provisions if any, of the
Companies Act, 2013, the sanction be and is hereby accorded for payment of remuneration and reimbursement
of T.A & out of pocket expenses as decided by the Board of Directors to Statutory Auditors to be appointed by
the C&AG of India for the audit of accounts of the Company for the financial year 2023-24.”
SPECIAL BUSINESS:
5. To consider and if thought fit to pass with or without modification the following resolution as an ordinary resolution.
“RESOLVED that pursuant to the provisions of Section 148 and other applicable provisions if any, of the
Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014, the sanction be and is hereby
accorded for payment of remuneration of Rs.5 Lakhs and reimbursement of T.A & out of pocket expenses to
M/s PKR & Associates LLP, Hyderabad, Cost Auditors appointed by the Board of Directors in the 567th meeting
held on 14.07.2023 for the audit of cost accounting records of the Company for the financial year 2023-24.”
By order of the Board

Sd/-
(K.Sunitha Devi)
Date : 02.09.2023 Company Secretary
Place : Kothagudem ACS No. 51468
2 102nd Annual Report & Accounts for the year 2022-2023

Notes:
1. A member entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of himself and the
proxy need not be a member.
2. The explanatory statement pursuant to section 102 of the Companies Act, 2013 in respect of the special business
is annexed.
3. The Board of Directors in the 567th meeting held on 14.07.2023 recommended dividend @10% on the paid up
equity share capital for the financial year 2022-23. If approved the dividend will be paid to the shareholders as at
the opening hours of 30.09.2023.
4. The Register of members and Share transfer books of the Company will remain closed from 23.09.2023 to
29.09.2023 (both days inclusive) 7 days accordingly.
5. The shareholders are requested to intimate any change in their address to the Registered office of the Company
for sending all correspondence.
ANNEXURE TO NOTICE
Explanatory statements pursuant to Section 102 of the Companies Act, 2013.
Resolution No.5:
The Board of Directors in the 567th meeting held on 14.07.2023 appointed M/s PKR & Associates LLP, Cost
Accountants as Cost Auditors for the audit of cost accounting records of the Company for the financial year 2023-24
on the following terms & conditions.
a) The fee for Cost Audit for the financial year 2023-24 will be Rs.5 lakhs.
b) The travelling and out of pocket expenses will be restricted to 50% of the audit fee subject to production of
documentary evidence.
c) Taxes shall be paid extra as applicable on furnishing the registration number with the appropriate authority.
Pursuant to the provisions of Section 148 of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules,
2014, approval of the shareholders is sought for payment of remuneration and reimbursement of T.A & out of pocket
expenses to M/s PKR & Associates LLP as Cost Auditors for the financial year 2023-24 as recommended by the
Board of Directors.
None of the Directors is personally interested in the resolution proposed to be passed.

102nd Annual General Meeting of SCCL held on 29.09.2023 at

Registered Office, Kothagudem
Coal Production in Open cast mine with Shovel, Dumper combination

BOARD’S REPORT
Dear Members,
Your Board of Directors have pleasure in presenting the 102nd Annual Report and audited financial statements of the
Company for the financial year ended on 31st March 2023.
PERFORMANCE:
The performance achieved by the Company during the year is as under:
2021-22 % variance
Performance parameters 2022-23
(Restated) over 2021-22
Coal
Production (in million tonnes) 67.14 65.02 3.26%
Despatches (in million tonnes)
(excluding Colliery consumption) 66.69 65.53 1.77%
Productivity (output per man shift in tonnes) 3.99 4.61 -13.45%
Power (2x600 MW STPP)
Gross generation (Million Units) 9303.96 9352.93 -0.52%
Auxiliary consumption (Million Units) 562.00 545.37 3.05%
Net export (Million Units) 8741.96 8807.57 -0.74%
Gross sales of coal and power (Rs. in crore) (including all taxes) 33065.07 26585.75 24.37%
OPERATIONAL RESULTS:
The Financial Performance of the Company for the year 2022-23 as compared to the previous year is as under:
(Rs. in crore)
2021-22
Particulars 2022-23
(Restated)
Total revenue 28755.47 21890.22
Profit before interest, depreciation, provisions, tax & prior period adjustments 6666.51 5727.20
Less: Finance Costs 1600.73 1326.12
Depreciation and Amortisation 2276.42 1619.76
Provisions including write-offs 214.71 1145.12
Tax expenses (Incl. Tax on OCI) 851.90 491.51
Other comprehensive income (499.71) (48.51)
Total comprehensive income – Profit After Tax 2222.46 1193.20
Appropriations :
Dividend 173.32* 129.99
Transfer to General Reserve 100 100
* Dividend @ 10% on the paid up equity capital for the financial year 2022-23 is recommended by your Board of
Directors in the 567th meeting held on 14.07.2023.

Share capital:
During the year under report, there is no change in the authorised and paid-up share capital of the Company and it
remained at Rs.1800 crore and Rs.1733.20 crore respectively as in the previous year.
Capital Expenditure:
The amount spent on capital additions during the year under report was Rs.1130.92 crore as against Rs.1613.23
crore incurred in the previous year.
Foreign exchange earnings and outgo:
The foreign exchange outgo during the year under report was Rs.5.53 crore as against Rs.9.82 crore in the previous
year, which is mainly due to import of equipment & spares, payment of consultancy charges etc. There were no
foreign exchange earnings during the year under report.
PRODUCTION PERFORMANCE:
Production from Opencast & Underground mines:
The Company has achieved 67.14 million tonnes of production during the year under report as against the target
of 70.00 million tonnes (including 2.50 MT from Naini coal mine in Odisha). Out of the total production, opencast
projects have produced 59.94 million tonnes and Underground mines have produced 7.20 million tonnes.
The technology-wise details of production achieved during the year under report against the targets as well as
achievement in the previous year are as under:
(in million tonnes)
2022-23 2021-22 % variance over

Sl. No. Technology
Target Actual Actual 2021-22
1. Underground
Machine mining:
i. Road header 0.030 - 0.007 -
ii. Longwall 1.930 1.537 1.035 48.50
iii. High wall - - 0.193 -
iv. Bolter Miner 0.240 0.127 0.135 -5.93
v. Side Dump Loaders 4.595 4.047 4.023 0.60
vi. Load Haul Dumpers 0.645 0.334 0.399 -16.29
vii. Continuous miner 1.360 1.154 0.657 75.65
Total underground 8.800 7.199 6.450 11.61
2. Opencast 61.200 59.937 58.571 2.33
Total (1 + 2) 70.000 67.137 65.021 3.25
Reasons for shortfall in production against the target:

The main reason for shortfall in production is delay in commissioning of New projects (2.50 MT planned from Naini
OC & 1 MT planned VK OC) due to delay in Forest Land diversions.
Overburden removal performance:
During the year under report, the Company has achieved overburden removal of 410.11 million cubic metres in
opencast projects as against 383.39 million cubic metres achieved

in the previous year. The details of overburden removal by Company equipment and through outsourcing agencies
are as under:
(in million Cu. Mtrs.)
2022-23 2021-22 Variance over 2021-22

Particulars
Target Actual Actual Absolute Percentage
Company equipment 60.00 49.86 52.39 -2.53 -4.83
Outsourcing 365.00 360.25 331.00 29.25 8.84
Total 425.00 410.11 383.39 26.72 6.97
 Main reasons for shortfall in OB removal are heavy rainfall & delay in start of new opencast projects.
Utilization of Capacity:
2022-23 2021-22
Particulars % Achieved % Achieved
Target Actual Target Actual
against Target against Target
Capacity Utilization 86.80 83.25 95.9 95.00 90.83 95.6
Productivity in terms of out put per man shift:
Productivity in terms of output per man shift in underground mines & opencast projects and for the entire Company
for the year under report vis-à-vis previous year is as under:
(in tonnes)
2022-23 2021-22 Variance over 2021-22

Particulars
Target Actual Actual Absolute Percentage
Underground Mines 1.66 1.27 1.19 0.08 6.7
Opencast projects 17.83 13.94 15.15 -1.21 -8.0
UG & OC - Mines 7.42 5.31 6.09 -0.78 -12.8
- Mines & Departments 5.49 3.99 4.61 -0.62 -13.4
Performance of HEMM:
Performance of Heavy Earth Moving Machinery in terms of availability and utilisation as against the previous year
is indicated below:
% Utilisation on
Numbers on roll CMPDI Norms % Availability
Scheduled shift hours
HEMM
% utilisation
2022-23 2021-22 % availability 2022-23 2021-22 2022-23 2021-22
on SSH
Draglines 1 1 85 73 77 45 52 (71) 25 (34)
Shovels 73 74 80 60 82 82 50 (83) 53 (88)
Dumpers 457 468 67 50 83 85 35 (70) 36 (72)
Dozers 111 111 70 45 75 77 22 (49) 23 (51)
Drills 58 60 78 40 81 85 23 (58) 25 (63)
Others 181 177 76 80 20 21
Total 881 891 80 83 31 32
Note: Figures shown in brackets indicate percentage achievement of CMPDI norm.

Performance of Underground Mining Machinery

Performance of Underground Mining Machinery in terms of availability and utilisation as against the previous year
is indicated below:
% Utilisation on Sched-
Numbers on roll SCCL Norms % Availability
UGMM uled shift hours *
Equipment % Avail- % Utilization
2022-23 2021-22 2022-23 2021-22 2022-23 2021-22
ability w.r.t. SSH
Longwall 1 1 75 67 54 52 29 (43) 26 (38)
Road Header 5 5 83 42 92 100 - 1 (2)
Bolter Miner 2 2 - - - - -
Continuous Miner 5 5 75 42 77 76 15 (36) 9 (21)
Load Hauler Dumper 24 28 91 57 75 76 29 (51) 25 (44)
Side Discharge
149 163 91 58 93 93 29 (50) 27 (47)
Loader
Total 186 204 90 91 28 26
Note: * Figures shown in ( ) indicate % achievement of system utilization.

* Bolter Miner at ALP & SK mines and Continuous Miner at PVK & KP UG are by outsourcing.
MARKETING:
Target and off-take of coal:
Your Company has achieved 66.69 million tonnes off-take of coal during the year under report, against the target
of 70.00 million tonnes. During the year, the Company has got 161 new customers under power, non-power and
e-auction categories. The Company has entered into MoUs with 8 Public Sector power utilities. The details of
sector-wise AAP target & off-take during the year under report as compared to the previous year are as under.
(in million tonnes)
2022-23 2021-22
Sector
Target Off-take % Achieved Target Off-take % Achieved
Power 57.80 54.97 95.10 56.00 53.65 95.81
Cement 2.90 3.21 110.69 3.16 3.07 97.03
Captive power 3.40 3.20 94.12 3.51 3.21 91.53
Heavy Water Plant 0.60 0.61 101.67 0.60 0.56 93.72
Sponge Iron 0.38 0.41 109.33 0.30 0.25 84.83
Other Industries 4.93 4.29 87.11 4.43 4.78 108.00
Total 70.00 66.69 95.27 68.00 65.53 96.37

Mode of dispatches:
The details of dispatches through different modes during the year under report as against previous year are as
indicated below;
(in million tonnes)
Year Rail Road Merry-go-round Rope-way Total
2022-23 44.74 14.04 7.30 0.61 66.69

2021-22 44.85 12.89 7.23 0.56 65.53
Absolute increase/ decrease % -0.25 8.92 0.97 8.93 1.77
Rake Loading performance:

(No of Rakes*)
Year Target Actual

2022-23 12153 11461
2021-22 11972 11462
* Rake consists of 57 to 59 wagons.
Measures taken for improving the quality of Coal:

Measures taken for improving the quality of Coal are as under;
 Sampling of coal is being done regularly to ensure that declared coal grade is being dispatched. Required
measures are being taken to maintain quality of coal as per declared grade in addition to the Third Party
Sampling system. The complaints received from customers are redressed promptly.
 Regular review meetings are conducted with customers to address their concerns if any, both at Area level
and also at SCCL level.
 “Quality week” is being conducted every year to bring awareness at production units.
EXPLORATION ACTIVITIES:
1428.98 million tonnes of reserves were proved in Talcher Coalfield during the year under report against 480.91
million tonnes proved in the previous year. With this the total proved reserves in Godavari Valley Coalfield have gone
up to 11849.54 million tonnes as on 31.3.2023.
INDUSTRIAL RELATIONS:
The details of strikes, Lay Offs, man days and production lost during the year under report as against in the previous
year are as under:
Particulars Unit 2022-23 2021-22

Strikes No. 02
Lay Offs No. 2 01
Mandays lost No. 7770 166174
Production lost Tonne 16667 552339

EMPLOYEES’ WELFARE MEASURES AND SOCIAL SECURITY SCHEMES:

Welfare and social security to the employees are given due importance and various welfare activities viz., housing
& sanitation, educational, recreational, medical facilities with super specialty hospital services and social security
schemes that were in vogue are being continued.
 Monthly monetary compensation to female dependents in case of death/total permanent disablement
due to cause other than mine accident and medical unfitness & death due to mine accident of employee
to Rs.26,292.97 i.e., equivalent of minimum basic of category-I as per 10th wage agreement of NCWA
employees.
 The overall housing satisfaction as on 31.3.2023 was 100% as against 100% at the end of previous year.
 Measures are being taken for continuous improvement of Company’s hospitals.
 The provisions of Maternity Benefit Act are being implemented benefiting the Women employees of the
Company. Under this Act Women employees are sanctioned 26 weeks Maternity Benefit Leave.
 Grant of Child Care Leave to female NCWA employees (w.e.f. 30th October, 2017)
 There are 22 swimming pools throughout the Company for the benefit of employees.
 Canteen facilities have been improved.
 All employees were advised to observe International Yoga Day on 21st June, 2022.
 The Singareni Collieries Educational Society sponsored by the Company has been running 9 Schools at
various areas, Women’s PG & Degree and Girls Junior College at Kothagudem and one Polytechnic College
at Srirampur. Apart from curriculum and academic activities, encouragement has also being given for NCC,
Scouts & Guides movement, various arts like drawing, music etc.
 Employees are being provided sports facilities & required infrastructure and are also encouraged to
participate in sports & games.
 Contributory Post-Retirement Medicare scheme is being implemented for retired NCWA & Executive cadre
employee.
Social Overheads:
During the year under report an expenditure of Rs.609.66crore was incurred on various social overheads as against
Rs. 593.55 crore incurred in the previous year.
Activities through Singareni Seva Samithi:

The Company has taken up several welfare activities through ‘Singareni Seva Samithi’, a non-profit organisation
established by the SCCL in 1998 are as under;
 About 2728 dependants of employees / Ex-employees and locals have undergone training in Skill development
programmes through KGMV in different vocational trades like Maggam work, Tailoring, Fashion designing,
Beautician etc.
 Out of above 2728 candidates, 298 persons in Tailoring, 110 persons Maggam work, Fashion Designing 90
and 54 persons in Beautician course were trained during the year.
 Sales activity at SSS shop in Uppal Shilparamam is continued.
 Financial assistance extended to 99 children of outsourced employees working at Hyderabad office for
continuing their education.

 Special children were supported by the Company, who are associated with Satya Sai Deaf & Dumb School,
Manuguru.
 Financial support extended to Vanavasi Kalyan Parishad organized schools at Corporate & MM areas for the
benefit of Tribal children.
 As per Govt. of India directions, all Employees were advised to observe International Yoga Day on 21st June,
2023.
 International Women’s Day organized at all Areas on 8th March, 2023.
 As part of Har Ghar Tiranga programme - to encourage Tailoring trained groups of SSS, permission given to
MMR area Tailoring group to prepare 10,000 nos of National Flags for distribution to off-loading work force in
connection with Independence Day celebrations on 15th Aug., 2022 Azadi ka Amrit Mahotsav.
CSR Committee of Board:

Corporate Social Responsibility Committee of Board constituted under the provisions of Section 135 of the Companies
Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014 consists following members.
i) Chairman & Managing Director - Chairman
ii) Director (Finance) - Member
iii) Director (Operations) - Member
iv) Director (P,A&W) - Member Convenor
Annual Report on CSR activities of the Company for the financial year 2022-23 is being submitted in this meeting as
separate item. On approval of the Board the same will be given as Annexure-I.
INFORMATION TECHNOLOGY & NETWORKING:

The following measures were taken for using Information Technology in the operations of the Company.
 Maintenance and Other Support jobs
a. Existing Web based Applications
b. SCCL website
c. Deployment and Maintenance of web applications in various web servers like scclmines, webhyd,
webcor
d. Technical support for conducting Web Counseling for various designations
e. Monthly processing of payroll data to SAP HR pertaining to Gas Bills re-imbursement.
f. Customization of Online Application System for various Apprentices External Notifications
g. User Trainings
 Development of web based application for Hospital Management System (HMS)
 Incorporated enhancements in CPRMS Web Application and implemented.
 Developed Web based application to upload important medical records pertaining to In-patient SCCL
employees.
 Incorporated enhanced Safety Application and implemented.

 Enhancements incorporated and implemented in Civil Billing System

 Marketing related enhancements incorporated and implemented.
 Incorporated major enhancements in sIntraweb for HRD Dept.
SAFETY STATUS:
Your Company is taking all measures for improving the safety status in mines. Corporate and Region level Safety
Review Meetings were conducted regularly. Safety Audit was also being done. The details of accidents and persons
involved are as under:
Injury rate per million

Fatal Serious
tonne of production
Year
No. of No. of persons No. of No. of persons
Fatal Serious
accidents involved accidents injured
2022-23 4 4 98 101 0.06 1.52
2021-22 8 16 100 104 0.25 1.60
HUMAN RESOURCE DEVELOPMENT:

The objective of HRD department of the Company is to improve the competencies of all its employees and to enable
them to become excellent performers, responsible citizens and best teams and ideal family members by harnessing
their full potential so as to make them to lead healthy, peaceful, stress-free prosperous life. The Company has good
in-house training centers with facilities like Library, LCD projectors, Computers and Internet at various areas. During
the year under report, the details of total training centers are as indicated below:
Sl. No. Name of the centre No. of centres

1. Mines Vocational Training Centres (MVTC) 10
2. Technical Training Centre (TTC), Ramagundam 1
(for opencast technology)
3. Underground Mechanisation Training Institute (UMTI), RG-II (for underground technology) 1
4. Nargundkar Institute of Management (NIM), RG-II 1
(for executive training)
Number of executives & non-executives covered under in-house and outside training programmes are as under:
Sl. 2022-23 2021-22

Particulars of training programmes
No. Executives Non-Executives Executives Non-Executives
1. In-house 257 80 417 166
2. Induction Trainings 45 15 38 -
3. Within the country
- External training 478 266 262 155
- Service training (Skill development) 63 279 34 139
UMTI( Employees trained on various
4. 22 2024 89 1404
UG Mine Machinery)
5. TTC (NO.Of employees Trained) * - 4064 34 2906
6. Outside the country - - - -

Awards :
 SCCL has awarded with the India’s most trusted Company’s award during the year 2022 by the Federation
of Indian Mineral Industries (FIMI).
 SCCL received “Indigo Brow Charkra CSR Excellence Award & Green Emerald Environment Excellence
Award” of Geominetech VIBGYOR Golden Rainbow Awards 2020-21 awarded during 2022.
 FIMI Award was obtained for PVK 5 Inc, KGM with HRD follow up & meetings with FIMI.
 Participated in Coal Conclave exhibition organized by FIMI, New Delhi at HITEX Hyderabad. The paper
submitted by SCCL on “Emerging Trends in Coal Dispatch System at SCCL” was awarded as Best Paper.
STPP model exhibited in the exhibition was awarded as Best Model.
Manpower:
The manpower of the company has come down from 43,672 as at the end of the previous year to 42,733 by the end
of the year under report.
Measures for conservation of energy:
The specific energy consumption in KWH / tonne of coal production has increased during the year under report by 4%
over the previous year as detailed below:
2022-23 2021-22 % increase over
Description
Target Actual Target Actual 2021-22
Specific energy consumption in KWH/tonne 14.50 11.43 14.50 10.99 4.00
PROJECTS AND SCHEMES:
Projects/schemes under implementation:
As at the end of May 2023, there are 16 coal mining on-going projects (14 opencast and 2 Underground) under various
stages of implementation with a sanctioned capital cost of Rs 5704.08 crs. and rated Capacity of 52.97 MTPA.
The implementation of 4 on-going projects is as per schedule, 12 projects are lagging behind schedule. SCCL is taking
all possible steps to reduce the slippage in implementing the projects.
Projects approved by the Company:
The Board of Directors of the Company have approved the following project / scheme during the year 2022-23 within
its delegated powers:
Sl. Sanctioned Capital Capacity per annum Approved
Name of the Project
No. (Rs. crore) (MTPA) on
1. FR of Mahaveerkhani OC 460.75 2.00 08.12.2022
Future scenario of Coal industry with particular reference to SCCL in the light of coal, legal, financial &
economic policy changes:
SCCL has diversified its activities in Thermal Power generation, Solar Power Plants, Explosive manufacturing for
blasting in OC mines, etc.
SCCL is implementing agency for a new Coal S&T Project on “Establishment of Geo-thermal energy (20KW) capacity
power generation Pilot Project at SCCL Command area of Manuguru based on closed loop Binary Organic Rankine
Cycle Process Technology”. Sub-Implementing Agency is Director General, Geological survey of India (GSI) and
Shriram Institute for Industrial Research.
Performance of 2x600 MW power project:
Power generation from 2x600 MW STPP has started from 01.06.2016. At present both the Units are in Operation.
During the FY 2022-23, 9304 MU of power was generated from both the units and 8741 MU of power was exported
to TSDISCOMs.

Flue Gas Desulphurisation System (FGD):

The Board of Directors in the 548th meeting dated 13.03.2019 accorded approval to the DPR of Flue Gas
Desulphurisation System (FGD) at a capital outlay of Rs.645.33 crore for installation at 2x600 MW STPP as required
under MoEF&CC guidelines issued vide Gazette Notification dt.7.12.2015 to keep actual Sox emission value within
the statutory limits.
Vide letter No. 499/PR.A1/2019 Dt: 14.06.2019 Govt of Telangana has accorded approval of DPR (Detailed project
report) for installation of FGD system in existing 2X600MW STPP at capital outlay of Rs.645.3275 Crs. Accordingly,
Open enquiry was floated for awarding the FGD contract.
The Board in the meeting held on 10.12.2021 accorded approval for awarding contract of Flue Gas Desulphurization
(FGD) system package for STPP stage-1 on M/s PES Engineering Pvt. Ltd at a total cost of Rs.696.50 Crore
(including taxes) by providing additional funds of Rs.54 Crs. Zero date of the project is 10.03.2022. At present
Engineering completed, Bought out items ordering completed, civil works of unit-1 & unit-2 chimney, tanks, flue gas
duct foundations completed and structural works of flue cans, flue gas ducts and support structures are in progress.
Status of 1x800 MW additional 3rd unit (Stage-2) of STPP:
Govt. of Telangana has accorded approval for 800 MW Super Critical Unit (Stage-2) as a part of expansion of 2x600
MW (Stage-1) STPP vide letter dated 16.3.2017 and approved DPR at a cost of Rs.5,879.62 crore on 23.09.2017.
NOC for Chimney height obtained from Airports Authority of India. MoEF&CC has issued ToR on 26.09.2017. Pre-
award Consultancy work awarded to NTPC.
Govt. of Telangana has accorded approval for 800 MW Super Critical Unit (Stage-II) as a part of expansion of 2x600
MW (Stage-I) STPP and approved DPR at a cost of Rs.6,789.96 crore vide letter dated 22.06.2022.
NOC for Chimney height obtained from Airports Authority of India on 28.07.2022. MoEF& CC has issued Environment
clearance vide file no J-13012/08/2015-IA II(T), dated 18.12.2019. TSDISCOMs expressed their willingness to enter
into long term PPA with Singareni TPP for purchase of entire 800 MW capacity proposed under Stage-II. PPA is under
preparation. Pre-award Consultancy work is awarded to NTPC.
SOLAR POWER:
 The Board of Directors in the meeting held on 11.05.2018 approved to set up 300 MW capacity solar plants in
SCCL. Out of the approved 300 MW Solar plants, 224 MW plant at 9 locations were commissioned. The solar
energy exported to the grid from these solar plants for the year 2022-23 is as below.
Sl. Solar Plant Synchronised to Exported during

Location EPC Firm
No Capacity (MW) full capacity on 2022-23 (kWh units)
1 Manuguru 30 BHEL 07.09.2020 43,382,400
2 Yellandu 39 05.03.2021 54,176,031
3 Ramagundam-3 50 31.12.2021 54,568,654
4 STPP 10 10.02.2020 15,537,600
5 Mandamarri Stage-1 28 Adani Infra 04.08.2021 47,553,096
6 Mandamarri Stage-2 15 (India) Ltd. 27.05.2021 25,849,400
7 Bhupalapalli 10 05.06.2021 16,945,348
8 Kothagudem 37 03.11.2021 58,990,214
9 STPP (Floating) 5 Novus Green Energy 22.01.2023 1,088,400
Systems Ltd.
TOTAL 224 318,091,143

 The remaining 76 MW Solar Plants will be commissioned during the year 2023-24. Details of EPC Firms are as
below.
Sl. No. Location Solar Plant capacity (MW) Awarded to

1 Kothagudem 22.5
2 Kothagudem 10.5 Enrich Earthin Project1 LLP
3 Chennur SRP 11.0
4 RGM-3 22.0 Gensol Engg.
5 Reservoir, STPP 10.0 Novus Green Energy
TOTAL 76.00
 It is proposed to establish 250 MW Floating solar PV plant one each at I&CAD Reservoirs at LMD Karimnagar
and Mallanna Sagar, Siddipeta. DPR preparations are under process.
 SCCL Board has approved to install further 232 MW Solar plants to achieve Net Zero Energy target.
PROTECTION OF ENVIRONMENT, ECOLOGY & BIO-DIVERSITY:

During the year under report, company has made afforestation activities by planting an area of 557.5 Ha. The total
No. of plants planted are 46.20 Lakhs including free distribution.
 Environmental Clearances were obtained from MoEF&CC for the following projects:
i. JK-5 OC from 2.50 MTPA to 3.50 MTPA (Violation category)
ii. IK-1A Incline - 0.54 MTPA (Violation category)
iii. RG OC-III Exp. Ph-II – 9.52 MTPA (20%, Stage-2)
iv. RG OC-I Exp. Ph-II – 3.30 MTPA to 5.30 MTPA
v. SRP OC-II Exp. – 2.50 MTPA to 3.50 MTPA
vi. GDK-7 LEP – 0.368 MTPA (Violation category)
 ToRs were obtained from MoEF&CC for the following projects:
i. Goleti OC
ii. JK OC
 EAC recommended for grant of Environmental Clearance for the following projects:
i. MOCP (Violation category)
ii. Kasipet-1 Incline (Violation category)
 Wild life conservation plan (WLCP) for coal mines of Srirampur Area was prepared and got approved by
PCCF & Chief Wildlife Warden, Government of Telangana. WLCP for Mandamarri Area has been prepared
and submitted to PCCF for approval.
 Third party environmental audit work was awarded to ICFRE, Dehradun (4 mines) & CSIR-NEERI, Nagpur
(3 mines) in compliance to one of the EC conditions. The audit work was completed by ICFRE and CSIR-
NEERI.
 SCCL awarded the work of satellite data based land use studies of 42 mines to Greencindia Pvt. Ltd. and
the firm completed the work for 24 mines during 2022.

 SCCL awarded the work of ‘’Post-Project Environmental Monitoring in SCCL Mining Areas’’ to EPTRI for a
period of 5 years and work commenced in September 2022.
 SCCL awarded the work of “Post-Project Environmental Monitoring at Naini coal mine for a period of 2 years
and work will start after commencement of mining operations.
 SCCL awarded the work of ‘’Collection of one season Environmental Baseline Data for 5 mines’’ to EPTRI.
 SCCL awarded the work of CMC to M/s ENVEA for 8 old CAAQMS which were procured during 1st phase.
 As per MoC guidelines, project-wise EC compliance status and post project Environmental monitoring data
are being uploaded in Mine Data Management System (MDMS) Portal of MoC.
 As per the guidelines of Ministry of Coal, following activities were taken up by the “Sustainable Development
Cell (SDC)” established in the company.
i. Creation of eco-parks/mine tourism sites
ii. Mine water utilization
iii. Bio-Reclamation / Plantation
iv. Alternate usage of OB
v. Ecological studies through reputed agencies
vi. Scientific study on usage of fly ash in running mines
vii. Environmental audit through reputed agencies
viii. Energy efficient measures
ix. Greening activities
x. Carbon neutrality roadmap
 Order placed on JNTU, Hyderabad for preparation of DPR towards implementation of engineering
interventions for sustenance of aquatic life in the opencast mine voids in connection with compliance of EC
conditions and report was submitted by the firm.
 Surveillance audit work was completed for continuation of ISO 9001 certification of Project Planning and
Environment departments.
 Environmental awareness programs were conducted on the occasion of World Environment Day and
Singareni Day.
 Officers from Corporate Environment department inspected mines & CHPs for monitoring compliance of
EC/ CFO conditions along with Annual Fortnight Safety inspections.
 Works carried out by mine closure cell during 2022-23:
i. The quarterly reports of all the operating mines for financial year 2022-23 were submitted to the CCO.
The annual mine closure reports of all mines for the year 2021-22 were submitted to CCO in August
2022.
ii. SCCL has so far received an amount of Rs.135.13 Crores from ESCROW accounts towards claims of
progressive mine closure activities in respect of 10 mines.
iii. Third party verification of 2 mines, KK OC and KTK-5 was completed by NEERI, Nagpur and report was
submitted to CCO for claiming 50% of amount deposited in ESCROW account.

RESEARCH & DEVELOPMENT:

During the year under report, R&D activities taken up and benefits derived are as under;
 Scientific studies conducted in various subject areas by In-house expertise during 2022-23 are 64. Tentative
charges for the studies are Rs 398.75 lakhs.
 Scientific studies conducted in various external Scientific Institutions during 2022-23 are 25. Tentative
charges for the studies are Rs 247.75 lakhs.
 Conducted meetings with RADAR Committee members and prospective bidders available in India to
frame the technical specifications of RADAR system for slope monitoring in opencast mines. After the
meetings, technical specifications of the RADAR system were finalised and approval of was obtained from
the competent authority.
 Carried out the blasting study of MNGOCP from 28.05.2022 to 01.06.2022 to conduct blasting between 50m
to 100m from the earthen bund from 28.05.2022 to 01.06.2022.
 Carried out the blasting study, Bench Mark Powder Factor fixation study for placement of Explosives and
Accessories for 2nd diversion of Vattivagu, study of impact of blasting operations in some of the OC mines,
field trail blasts were conducted with electronic detonators for efficient safe blasting near the habitations at
OCPs.
 Awarded PO for calibration of VoD mates and arranged calibration three numbers of VOD mates being
arranged in the month of November 2022 at M/s Uttam Blastech Pvt Ltd.
 Establishment of Geo-technical Laboratory is in progress, procurement of Laboratory Equipment is under
process.
 Arranged and conducted the surveillance audit on 29.03.2023 for renewal of ISO 9001:2015 certification to
R&D Dept.
 Training program conducted on ventilation and blasting at MVTC’s.
 Appraised MoEFCC and obtained exemption of EC in coordination with CIL for S&T project on conversion
of CO2 to Methanol being implemented at STPP. Application submitted by SCCL for obtaining CFE from
TSPCB.
 Approval accorded for conducting feasibility study to establish Ammonium Nitrate plant of 400 TPD capacity
by gasification of high ash coal. BHEL and EIL was requested to submit the consent and budgetary estimate
for conducting feasibility study. Proposal submitted by EIL was qualified, meeting conducted with officials of
EIL for detailed discussions and negotiations. Proposal moved for financial approval for awarding the study
to EIL.
 Meeting conducted with Dr. Rao Balusu, Scientist, CSIRO-Australia on 14.11.2022 at Kothagudem about
future longwall panels and other issues of Adriyala Longwall Project.
 Draft MoU between SCCL and TSMDC for marketing and other terms and conditions for sale of M-Sand
being produced by SCCL through TSMDC portal.
 Climatic simulation study conducted for ALP for improvement of environmental conditions in Bolter-miner
workings by installation of air cooling system in PE-3 Entry.
The expenditure incurred on R&D during the year under report is Rs. 5.93 crore as against Rs.4.30. crore incurred
in the previous year.

S&T Activities:
 Design and Stability of pillars/Arrays of pillar for different Mining methods in coal mine workings (cost of the
project is Rs 562.29 lakh).
 Development and field trial of 500 T capacity SAGES – III (Self Advanced Goaf Edge Supports for use with
Continuous Miners, Phase –III, cost of the project is Rs 396.69 lakh)
 Establishment of Geo-thermal energy (20kW cap.) power generation Pilot Project at Manuguru area of
SCCL command area based on Closed Loop Binary Organic Rankine Cycle Process Technology (cost of
the project is Rs.172.28 lakh)
 Scaling up the conversion of CO2 to Methanol and other value added chemicals with 500kg CO2/day
capacity. The project was sanctioned under the CIL R&D Board Grant for an amount of Rs.19.9857 crore.
Status of DST Projects of Ministry of Science & Technology, GoI:

 Microbial recovery of Biogenic Methane from coal rejects with CO2 sequestration using novel hybrid geo-
photo bio-reaction by reclamination of the site.
INTERNAL AUDIT:
The Internal Audit Dept. conducts activities approved by Audit Committee of the Board, which inter-alia include;
 Scrutiny of financial transactions under pre-audit and post-audit modes
 Payroll audit including scrutiny of balance leave wages; basic pay fixations and anomalies.
 Surprise checks on attendance of workmen at Mines/depts.
 Physical verification of inventory under perpetual inventory verification system, verification of cash balances
at cash offices, canteens, pit stores etc
 Verification of cost records
 Verification of FDRs held by the company
 Comprehensive studies on selected topics to review systems and procedures etc.
During the year under report, the Internal Audit dept., verified 13641 suppliers bills, service bills, etc. valuing
Rs.4892.37 Crore under pre-audit and disallowed an amount of Rs.278.37 lakhs. Further, Internal Audit verified 8414
bills valuing Rs.653.03 crore under post-audit and advised for recovery of an amount of Rs.6.60 lakhs.
During wages audit, internal audit disallowed an amount of Rs.162.99 lakhs under pre-audit and Rs.147.22 lakhs
under post-audit.
The status of compliance of Internal Audit memos issued against post-audit checks as on 31.3.2023 when compared
to the end of previous year (31.03.2022) is as under;
Issued Complied Pending

Period % compliance Recovery
up to No. of Value No. of Value No. of Value No. of memos percentage
memos (Rs. lakh) memos (Rs. lakh) memos (Rs. lakh)
31.3.2023 135 147.22 110 98.23 25 48.99 81.48 66.72
31.3.2022 202 70.14 198 65.65 4 4.49 98.02 93.60

VIGILANCE:
During the year under report, while 83 cases were pending at the beginning, 324 cases were received during the year
2022-23. The Vigilance dept. has submitted reports in 128 cases and 279 cases were pending as on 31.3.2023. The
Vigilance Dept. has conducted surprise checks and surveillance at CHPs, weigh bridges, check posts, OCPs, mines
and certain strategic junction points in and around coal belt areas etc.,
system studies on issuing forest tendering process, guest houses, dependent employment cases etc. The short
comings observed during vigilance studies were analysed and appropriate recommendations were given to the
concerned for rectification action. The Vigilance reports are being reviewed by the Board of Directors.
WHISTLE BLOWER MECHANISM:

Whistle Blower Mechanism of SCCL is in operation. During the year under report, there were no disclosures received
under the mechanism.
Implementation of Sexual Harassment of Women at Workplace (Prevention, Prohibition &
Redressal) Act, 2013.
The Company has established procedures for dealing with the complaints under the above Act. During the year
under report the complaints received under the Act are Nil.
SUBSIDIARY:
SCCL continues to hold Rs.1408.27 lakhs of equity amounting to 81.54% in A.P Heavy Machinery & Engineering Ltd.
as on 31st March, 2023. During the year 2022-23 the Company has earned a net profit of Rs.353.43 lakh as against
Rs.276 lakhs loss in the previous year.
The APHMEL has been in schedule-IX Companies under the A.P. Reorganisation Act, 2014. As approved by the share
holders of APHMEL in the extraordinary general meeting held on 1.4.2017 and reconfirmed by the Board in the meeting
held on 4.9.2017, MD, APHMEL vide Lr.No.APHMEL/MD/SR/2018 dt.31.1.2018 submitted demerger proposal to the
Expert Committee seeking for “apportionment of 0.86% of equity of APHMEL amounting to Rs.14,90,100/- held by
erstwhile Govt. of AP between the successor States of AP and Telangana in the ratio of 58.32 : 41.68 as mentioned
in the Act i.e., allocation of 86,903 equity shares to the present Govt., of AP and 62,107 equity shares to the Govt.
of Telangana being the only issue to be resolved under the AP Reorganisation Act, 2014 with respect to APHMEL.”
Contrary to the demerger proposal submitted by MD, APHMEL, the Expert Committee vide DO Lr.No.5614/Expert
Committee/2014 dt.15.3.2018 of Chairman of the Committee, has given its recommendation to the effect that APHMEL
shall pass to the residual state of Andhra Pradesh in its entirety in terms of Section 53(1) of the A.P. Reorganisation
Act, 2014 since its all the assets & liabilities are located in that State. The SCCL has furnished its objections to the
Expert Committee recommendation on APHMEL vide Lr.No.CRP/CS/437/374 dt.28.3.2018 to the Spl.Chief Secretary,
Energy Dept., GoT. Vide DO Lr.No.1583/Budget A 2/2017 dt.21.5.2018, Chief Secretary to the GoT has requested
Secretary, Ministry of Home Affairs, GoI to set aside the recommendation of the Expert Committee on APHMEL and
issue directions under Section 71(a) of the Act regarding the division of the interests in the shares of the then Andhra
Pradesh in APHMEL and protect the interests of Telangana and Central Govt. as the SCCL Company is jointly owned
by Govt. of Telangana and Govt. of India in the ratio of 51:49.
Consolidated Financial Statements presented by the Company include the financial information of A.P Heavy
Machinery & Engineering Ltd (“APHMEL”), subsidiary company. There has been no material change in the nature
of the business of APHMEL .As per the requirement of Section 129(3) of the Companies Act, 2013, a separate
statement containing the salient features of the financial statements of the subsidiary in prescribed Form AOC-1 is
attached to the financial statements of the Company.

Related party transactions:

During the year under report, your Company had related party transactions with the APHMEL (Subsidiary) as under.
On arms length basis: Rs. 31,54,56,602.48

Not on arms length basis: Rs. 6,01,04,571.03
Total Rs. 37,55,61,173.51
The particulars of contracts or arrangements with related parties referred to in sub-section (1) of Section 188 are
prepared in Form No. AOC-2 pursuant to clause (h) of sub-section (3) of Section 134 of the Act read with Rule 8(2)
of the Companies (Accounts) Rules, 2014 and are disclosed in Annexure-II to this Report
New Blocks allotted to SCCL outside GVCF:
• Naini Coal block: Awaiting the permission to start mining in the Forest Land area from Odisha State Govt.
All other permissions are obtained.
• New patrapara and Penagadapa block in Telangana are surrendered to MoC.
Processed OB for civil works / commercial purpose:
3 Proceed OB Plants are in operation in SCCL as alternate of river sand for stowing. Further, it is planned to commence
one plant on experimental basis to meet IS:383 slandered to use the processed OB for civil works.
Explosive Manufacturing:
Two explosive manufacturing plants with capacity of 30,000 TPA and 20,000 TPA are in operation. It is planned to
double the capacity of both the plants.
Consultancy and other job works of other Organisations:
During the year under report worth of Consultancy works received Rs.2.19 crore and consultancy charges received
Rs.4.22 crore.
The consultancy services and other job works of other organisations performed mainly are as under:
 Check survey at Mangampet Barytes mine of M/s. APMDC.
 Core sample collection by drilling & analysis of samples to prepare Grade of coal report for Tadicherla-I Coal
mine of TSGENCO.
 Pre-level survey & joint measurement with MDO quarterly at Tadicherla-I coal mine of TSGENCO.
 Annual coal Stock measurement in various mines of M/s. CIL.
 Quarterly / Pre-Level / Dump survey at Suliyari coal mine of M/s.APMDC.
JV Company with APMDC:
Pursuant to the directions of erstwhile Govt., of AP Joint Venture Company named as ‘APMDC SCCL Suliyari Coal
Company Ltd.’ was formed on 1.7.2013 along with APMDC for exploration and mining of coal from Suliyari-Belwar
coal block in Madhya Pradesh. The equity participation was in the ratio of 51:49 between APMDC and SCCL and the
SCCL has invested Rs.9.80 crore which is kept by JV Company in share application money account. Objectives of
formation of the JV Company with erstwhile APMDC have become null & void as the allotment of this coal block to
the erstwhile APMDC was cancelled by Hon’ble Supreme Court along with other coal blocks. However, in pursuance
of the AP Reorganization Act, 2014, the APMDC has been bifurcated into APMDC and TMDC. Later though the coal
block is reallocated to the present APMDC under non-host PSU category, the transfer of the rights of the coal block to
the JV Company and other conditions of the JV agreement cannot be fulfilled as per the eligibility conditions of MoC

in the Allotment Document. Therefore the Board in 539th meeting held on 04.03.2017 approved for voluntary winding-
up of the JV Company. The JV Company has been requested to take measures for winding up.
STATUTORY AUDITORS:
For the financial year 2022-23, the Comptroller & Auditor General of India has appointed M/s. M Anandam &
Co, Chartered Accountants, Khammam and M/s. Brahmayya & Co., Chartered Accountants, Vijayawada as Joint
Statutory Auditors of the Company under Section 139 of the Companies Act, 2013.
SECRETARIAL AUDITOR:
For the financial year 2022-23, the Board of Directors of the Company have appointed Sri K.V. Chalama Reddy,
Company Secretary in practice, Hyderabad as Secretarial Auditor of the Company under Section 204 (1) of the
Companies Act, 2013.
The Secretarial Audit Report vis-à-vis management replies for the remarks of the Secretarial Auditor is given as
Annexure-III.
COST ACCOUNTING RECORDS:

As per the Company’s (Cost Accounting Records) Rules, 2011 issued by Ministry of Corporate Affairs, your Company
has been maintaining cost accounting records.
Cost Auditors:
On the recommendation of 56th meeting of Audit Committee, the Board of Directors in the 563rd meeting held on
29.07.2022 appointed M/s.PKR & Associates, LLP as Cost Auditors of the Company for the financial year 2022-23.
Internal Auditor:
Sri G.Venkata Ramana, GM(F&A) (Internal Audit) has been appointed as Internal Auditor of the Company w.e.f.,
12.01.2022 under Section 138 of The Companies Act, 2013.
Chief Financial Officer:

Sri N.Balram, IRS Director (Finance) has been appointed as Chief Financial Officer of the Company w.e.f., 13.03.2019.
AUDIT COMMITTEE:
Audit committee of the Company consists of all non-executive Directors viz., Sri Sunil Sharma, Special Chief
Secretary, Energy Dept., Govt. of Telangana, Sri K.Rama Krishna Rao, Special Chief Secretary, Finance Dept., Govt.
of Telangana, Sri Manoj Kumar, C-MD, Western Coalfields Ltd., Sri D.K.Solanki, Deputy Secretary, Ministry of Coal,
Govt. of India and Smt. Santosh, Dy.Director General, Ministry of Coal, Govt. of India as Members. The Board has
concurred with the recommendations of the Committee given in its five meetings held during the year under report.
TRANSFER OF UNPAID DIVIDEND TO IEPF:

An amount of Rs.15,303/- is lying in the “Unpaid Dividend Account for the Year 2015-16”. The amount becomes due
for credit to Investor Education and Protection Fund and the same will be remitted to the Fund within the due date as
per the provisions of the Companies Act.
BOARD / BOARD COMMITTEE MEETINGS:

The details of Board / Board Committee meetings held during the year and attendance of Directors / Members are
as under:

Board:
Meeting No. Date of Meeting Total Strength of the Board No. of Directors Present
561 08.04.2022 9 9
562 26.04.2022 9 8
563 29.07.2022 9 8
564 21.09.2022 9 8
565 08.12.2022 8 7
566 31.03.2023 10 10
Audit Committee:
Meeting No. Date of Meeting Total Strength of the Committee No. of Directors Present
55 08.04.2022 5 5
56 29.07.2022 5 3
57 21.09.2022 5 3
58 08.12.2022 4 3
59 31.03.2023 5 5
Technical Committee:
1/2022 08.04.2022 4 4
2/2022 21.09.2022 4 3
3/2022 08.12.2022 4 4
1/2023 31.03.2023 4 4
Committee of Directors (Appellate Authority under CD&A Rules)
14 04.06.2022 3 3
Corporate Social Responsibility (CSR) Committee:
21 06.04.2022 3 3
22 28.07.2022 3 3
23 20.09.2022 3 3
24 07.12.2022 3 3
25 28.03.2023 3 3
DIRECTORS:
Sri N. Sridhar, IAS is continuing as C&MD of the Company from 01.01.2015 as appointed by the Govt., of Telangana
vide GO Rt. No.53 dt.31.12.2014 of Energy (HR.A1) Dept.
Sri N.Balram, IRS is continuing as Director (Finance) from 05.12.2018 and as CFO of the Company from 13.03.2019.
He has held full additional charge of the post of Director (P,A&W) from 01.05.2021 to 19.08.2022 and he has also held

full additional charge of the post of Director (P&P) from 01.08.2020 to 31.01.2023. He is holding full additional charge
of the post of Director (PA&W) from 01.02.2023.
Sri D. Satyanarayana Rao is continuing as Director (Electrical & Mechanical) from 25.09.2020 AN.
Sri S. Chandrasekhar has been Director (Operations) of the Company from 02.05.2017 to 31.01.2023. He has held
full additional charge of the post of Director (PA&W) from 20.08.2022 to 31.01.2023. Later Sri NVK Srinivas has been
appointed as Director (Operations) of the Company w.e.f. 01.02.2023.
Sri G. Venkateswara Reddy has been appointed as Director (Planning & Projects) of the Company w.e.f. 01.02.2023
Sri K. Rama Krishna Rao, IAS, Special Chief Secretary, Finance dept., Govt. of Telangana is continuing as Director on
the Board of the Company from 28.06.2014 afternoon.
Sri Sunil Sharma, Spl. Chief Secretary to Govt., Energy department, Govt. of Telangana is continuing as Director on the
Board of the Company from 22.10.2021.
Sri Manoj Kumar, C-MD, Western Coalfields Ltd. is continuing as Director of the Company from 08.02.2021.
Sri PSL Swami, Director, Ministry of Coal, Govt. of India has been Director of the Company from 26.06.2019 to
25.10.2022. Later Smt. Santosh Dy.Director General, Ministry of Coal, Govt. of India has been appointed as Director on
the Board of the Company from 22.02.2023.
Sri D.K.Solanki, Dy.Secretary, Ministry of Coal, Govt. of India is continuing as Director on the Board of the Company
from 03.01.2022.
Your Directors wish to place on record their appreciation of the valuable services rendered by Sri S. Chandrasekhar as
Director on the Board of the Company.
During the year under report 6 Board meetings were held.
DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 134 of the Companies Act, 2013, with respect to Directors’ responsibility
statement, your Board of Directors hereby confirm that-
i. in the preparation of the annual accounts, the applicable accounting standards have been followed and
there are no material departures;
ii. they have selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the
Company at the end of the financial year and of the profit of the Company for that period;
iii. they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance
with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities;
iv. they have prepared the accounts of the Company on a going concern basis;
v. a consultancy contract has been awarded on M/S. Ankekshan Consulting pvt. Ltd., Pune for Design, testing,
Implementation and Documentation of Internal Controls over Financial Reporting (ICFR).
vi. they have devised proper systems to ensure compliance with the provisions of all applicable laws and that
such systems were adequate and operating effectively.

DEPOSITS:
The Company has not invited/accepted any deposits from the public in terms of Section 73 of the Companies Act,
2013 during the Financial Year ended 31st March 2023.
SECRETARIAL STANDARDS:
The Company is in due compliance with the Secretarial Standards as issued by the Institute of Company Secretaries
of India.
Annual Return:
The Extract of Annual Return in Form MGT-9 is given as Annexure-IV. In terms of the provisions of Section 92 and
Section 134 of the Act read with Rule 12 of the Companies (Management and Administration) Rules, 2014.
The Annual Return in Form MGT-7 for the year 2022-23. In terms of the provisions of Section 92(3) the Act is
available on website of the Company.
REVISION IN FINANCIAL STATEMENTS:

There has been no revision in the financial statements.
ACKNOWLEDGEMENTS:
Your Directors placed on record their appreciation for the guidance, support and co-operation received from the Govt.
of Telangana, particularly Energy & Finance Departments and the Govt. of India particularly the Ministries of Coal,
Finance and Environment, Forests & Climate Change.
Your Directors express their thankfulness for the confidence and support received from the valued customers, bankers
& financial institutions and all stake holders of the Company. Your Directors gratefully acknowledge the valuable
guidance extended by the Statutory Auditors, Cost Auditors, Secretarial Auditor, the Comptroller & Auditor General of
India, Ministry of Corporate Affairs and the Director General of Mines Safety.
Your Directors place on record their deep sense of gratitude and appreciation for the relentless efforts of employees but
for which the performance achieved by the Company would have never been possible.

For and on behalf of the Board of Directors
Sd/-
(N. Sridhar)
DIN: 02510496
Date : 30.08.2023
Place : Hyderabad

Sri N. Sridhar IAS,C&MD Chaired 567th Board of Directors Meeting of The Singareni Collieries
Company Limited held at Singareni Bhavan, Hyderabad
Dust suppression activity with water Sprinkler on Haul roads of OC mines

Annexure-I
REPORT ON CSR ACTIVITIES FOR THE YEAR 2022-23
1. Brief outline on CSR Policy of the Company:

The CSR policy has been approved by the Board of Directors on 31.1.2015.
The Board in the 561st meeting held on 08-04-2022 has accorded approval for earmarking CSR Budget for an amount
of Rs.70 crore for the financial year 2022-23 as recommended by CSR Committee and approved policy of Company.
SALIENT FEATURES OF CSR POLICY

Objective:
The main objective of this Policy is to integrate CSR and Sustainability as a key business process for achieving triple-
bottom line impact as mentioned below;
ã SCCL recognizes that pursuit of sustainable development is an integral part of growing its business,
creating value for its stakeholders and in building a responsible future through ethical business practices
and governance.
ã SCCL supports practical measures and policies that will help to protect and improve the environment.
ã SCCL adopts a responsible approach towards communities and aim for sustainable development without
creating dependency.
Major Thrust Areas:
Major thrust areas are identified to have long term benefits to the society at large which are as under:
1. Basic Services (Drinking Water supply, Sanitation etc.)
2. Health
3. Education
4. Livelihood and Local Economic Development
5. Interventions for marginalized communities such as SCs and STs
6. Other related activities.
Geographical area to be covered:
A substantial portion of CSR Budget i.e., to the extent of 80% shall be spent on CSR activities in the districts of
Telangana, Odisha and other States where the SCCL is having/may have coal mining/power and other business
projects, 20% may be spent outside the aforesaid Areas.
However, contribution to State/National level funds like State Disaster Management Authority Fund, PMRF and PM
CARES Fund will not come in the purview of above geographical restriction.
Implementation:
ã A major portion of the CSR activities should be undertaken in project mode. Every project shall be time
framed.
ã Identified CSR activities are to be implemented / carried out by the Company itself or by other agencies as
prescribed in the provisions of the Companies Act, 2013 and the Rules made there under.

2. Composition of CSR Committee:

Number of meetings Number of meetings
Sl. Designation / Nature of
Name of Director of CSR Committee of CSR Committee at-
No Directorship
held during the year tended during the year
1 Sri N.Sridhar C & M.D 5 5
2 Sri S.Chandrasekhar Director (Operations) from 4 4
02.05.2017 to 31.01.2023 &
Director (PA&W) (FAC) from
20.08.2022 to 31.01.2023
3 Sri N.Balram Director (Finance) & Director 5 5
(PA&W) (FAC) from 01.02.2023
4 Sri N.V.K Srinivas Director (Operations) from 1 1
01.02.2023
3. The Composition of CSR Committee, CSR Policy and CSR projects approved by the board is placed in Company’s
website and its Web link is – https://scclmines.com/scclnew/csr.
4. Impact assessment of CSR projects carried out in pursuance of the Companies (Corporate Social Responsibility
Policy) Rules, 2014, if applicable: Not Applicable (because of ongoing projects)
5. Details of the amount available for set off in pursuance of sub-rule(3) of rule 7 of the Companies (Corporate
Social Responsibility Policy) Rules, 2014 and amount required for set off for the financial year, if any
S. Amount available for set-off from Amount required to be set-off for
Financial Year
No preceding financial years (in Rs) the financial year, if any (in Rs)
1 2022-23 Not applicable Not applicable
6. Average Net profit of the company as per section 135(5)
Net profit calculated in accordance with provisions of Section 198 of
Year
the Companies Act, 2013 (Rs. in crore)
2019-20 (Restated) 2862.46
2020-21 (Restated) 778.93
2021-22 (Restated) 1731.15
Total 5372.54
Average Net Profit 1790.85
7. (a) Two percent of average net profit of the company as per section 135(5): Rs 35.82 crore
(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years: Not
Applicable
(c) Amount required to be set off for the financial year, if any: 0
(d) Total CSR obligation for the financial year (7a+7b-7c): Rs.35.82 Crores
8. (a) CSR amount spent or unspent for the financial year:
Amount Unspent (in Rs.)
Total Amount Spent
Total Amount transferred to Unspent Amount transferred to any fund specified under Sched-
for the Financial Year
CSR Account as per section 135(6). ule VII as per second proviso to section 135(5)
(in Rs.)
Amount. Date of transfer. Name of the Fund Amount. Date of transfer.
FY 2022-23
32,60,59,074/- 29.04.2023 Not applicable Not applicable Not applicable
(Rs 10,44,31,518 /-)

(b) Details of CSR amount spent against ongoing projects for the financial year: Annexure-A
1 2 3 4 5 6 7 8 9 10 11
Sl. Name Item from Local Location of Pro- Amount Amount Amount trans- Mode of Mode of Implemen-
No of the the list of area the project. ject allocated spent in ferred to Unspent Imple- tation Through Im-
project. activities (Yes/ dura- for the the current CSR Account for menta- plementing Agency
in Sched- No) State Dis- tion. project financial the project as per tion Name CSR Reg-
ule VII to trict (in Rs.) year (in Section 135(6) - Direct istration
the Act. Rs.) (in Rs.) (Yes/No). number
1
2
TOTAL
(c) Details of CSR amount spent against other than ongoing projects for the financial year: Annexure-B
1 2 3 4 5 6 7 8
Sl. Name Item from the Local Location of the Amount spent Mode of Imple- Mode of Implementation
No of the list of activities area project for the project mentation – Through Implementing
project in Schedule VII (Yes/No) (in Rs.) Direct (Yes/No) Agency
to the Act.
State District Name CSR Registra-
tion number
1
2
TOTAL
(d) Amount spent in Administrative Overheads: Nil

(e) Amount spent on Impact Assessment, if Applicable: Nil
(f) Total amount spent for the Financial Year: Rs. 10,44,31,518 /-
(8b+8c+8d+8e)
(g) Excess amount for set off, if any:
Sl.No Particular Amount (in Rs.)
(i) Two percent of average net profit of the company as per section 135 (5) 35.82 crore
(ii) Total amount spent for the Financial Year (including provision made and de-
43,04,90,592
posited in CSR Bank Account)
(iii) Excess amount spent for the financial year[(ii)-(i)] -
(iv) Surplus arising out of the CSR projects or programmes or activities of the
Not applicable
previous financial years, if any
(v) Amount available for set off in succeeding financial years [(iii)-(iv)] Not applicable
9. (a) Details of Unspent CSR amount for the preceding three financial years:
Sl. Preceding Amount transferred to Amount spent Amount transferred to any fund Amount remaining
No Financial Unspent CSR Account in the report- specified under schedule VII as to be spent in suc-
Year under section 135(6) ing Financial per section 135(6), if any ceeding financial
(in Rs.) Year (in Rs.) Name of Amount Date of years.(in Rs.)
the fund (in Rs.) transfer
1 2021-22 34,71,45,282/- 11,20,95,929/- 23,50,49,353/-
2 2020-21 10,92,47,481/- 3,92,28,696/- 3,17,96,690/-
3 2019-20 22,96,95,051/- 7,37,27,434/- 10,61,95,142/-
TOTAL 68,60,87,814/- 22,50,52,059/- 37,30,41,185/-

(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):
Annexure-C
1 2 3 4 5 6 7 8 9
Sl. Proj- Name Financial Proj- Total Amount spent Cumulative Status of
No ect ID of the Year in ect amount al- on the project amount spent at the project -
Project which the dura- located for in the reporting the end of report- Completed/
project was tion the project Financial Year ing Financial Year Ongoing
commenced (in Rs.) (in Rs.) (in Rs.)
(c) Details of CSR amount spent in the financial year for projects of the preceding financial year for which
provision is made: Annexure-D, E & F
1 2 3 4 5 6 7 8 9
Sl. Proj- Name Financial Proj- Total Amount spent Cumulative Status of
No ect of the Year in ect amount al- on the project amount spent at the project -
ID Project which the dura- located for in the reporting the end of report- Completed/
project was tion the project Financial Year ing Financial Ongoing
commenced (in Rs.) (in Rs.) Year (in Rs.)
10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired
through CSR spent in the financial year (asset-wise details).
(a) Date of creation or acquisition of the capital asset(s): Nil
(b) Amount of CSR spent for creation or acquisition of capital asset: Nil
(c) Details of the entity or, public authority or beneficiary under whose name such capital asset is registered,
their address etc.: Not applicable
(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the
capital asset): Not applicable
11. Specify the reason(s), if the company has failed to spend two percent of the average net profit as per
section 135(5):
The Board has accorded approval for earmarking Rs.43,04,90,592/- as against the earlier sanctioned budget of
Rs 70 crores towards CSR budget for 2022-23 which is equivalent of 2.40% of average profits of the preceding
3 years. During the FY 2022-23, 75 No.of CSR proposals were sanctioned for an amount of Rs.43,04,90,592/-,
the actual amount spent during FY 2022-23 was Rs.10.44 crore. The prescribed amount of CSR expenditure
i.e., 2% average net profits of preceding 3 years amounts to Rs.35.82 crore. The CSR activities / programmes
sanctioned are at various stages of implementation. The amount spent during FY 2022-23 is less than the
prescribed amount. However, the amount sanctioned for various proposals during FY 2022-23 is more than the
prescribed amount.
Sd/- Sd/- Sd/-

Director Director (Finance) & (PA&W) FAC / (Chairman CSR Committee)
(Operations) Chief Financial Officer &
[Person specified under clause (d) of sub-section (1) Chairman and Managing Director,
of section 380 of the Act] SCCL.
Date : 14.07.2023
Place : Hyderabad

CSR projects sanctioned during the FY 2022-23
Executing
S. Request by/ Sanction letter
SCCL Area/ Approved Note No & Date Project ID / SIO CSR Activity
No. Authority No & Date
Authority
1 General Corporate CRP/CVL/OF- CRP/PER/C/ C22011000089 Procurement and supply

Manager Civil, FICE/2022/226, CSR/2631, of Bleaching powder to
SCCL 18-08-2022 03-09-2022 sanitize the flood affected
areas in and around
Bhadrachalam town
2 Sri S Venkata Kothagudem KGM/JVR/ CRP/PER/C/ C22011100061 Refilling of oxygen
Veeraiah, AGT/2021/368/1150/65, CSR/1847, cylinders by SCCL to use
Hon’ble MLA 16-06-2022 22-06-2022 at Community Health
Sathupalli Centres of Sathupalli and
Penuballi
3 10th ward Kothagudem KGM/JVR/WO/5733/64, CRP/PER/C/ C22011100070 Providing 7.5 HP motor to
Counselor 09-12-2022 CSR/3798, Borehole at 10th ward in
Sarpanch 28-12-2022 Sathupalli
Sathupalli Municipality.
Municipality
4 Sri D Sridhar Ramagun- RG3/CVL/CSR/22-23/2574, CRP/PER/C/ C22012300118 Deployment of 200HP truck
Babu, Hon’ble dam -3 06-03-2023 CSR/734, mounted 1 cu.m hydraulic
MLA Manthani 28-03-2023 excavator for desilting of L6
canal from Rajapur village
to Manthani
5 District Bhopala Paly BHP/CVL/A-1/637, CRP/PER/EE/ C22012400032 Providing drinking
Collector 18-04-2022 CSR/1311, water to the people at
Jayashankar 04-05-2022 Kaleswaram
Bhupalpalli
6 General Bhopala Paly BHP/PO/KTKOC-2 PROJ- CRP/PER/C/ C22012400124 Organizing medical
Manager ECT/49/2023/5, CSR/616, camp to the villagers of
Bhupalpalli, 15-02-2023 16-03-2023 Gaddiganipalli and other
SCCL near surrounding villages
in Bhupalpalli
7 Sarpanches of Bellampally BPA/CVL/CSR/441/66, CRP/PER/C/ C22013100063 Drilling of 15 Nos
Goleti, Pulikuta, 06-06-2022 CSR/2022/1956, hand bore wells in the
Narsapur and 02-07-2022 surrounding villages
Indiranagar of Rebbana Mandal
villages of
Rebbana
Mandal
8 Sri Balka STPP CRP/PER/C/CSR/187, CRP/PER/C/ C22019100126 Construction of drains
Suman, 27-03-2023 CSR/728, and other civil works in
Hon’ble MLA 28-03-2023 Chennur Municipality
Chennur
9 Principal, Govt Corporate CRP/PER/EE/CSR/231, CRP/PER/EE/ C22021000041 Providing fans,tube lights
Junior College 02-05-2022 CSR/1314, and chairs to Govt Junior
Chunchupalli, 04-05-2022 college in
Kothagudem Kothagudem

Unspent
Item from the list Status of the
Amount amount/ Local
of activities in Spent in project - com-
sanctioned in Provision Area or State District
Schedule VII to Rupees pleted (or) ongo-
Rupees made in other
the Act. ing
Rupees
i 17,70,000 17,70,000 - Local Area Telangana Bhadradri Completed
Kothagudem
i 6,25,000 6,25,000 - Local Area Telangana Khammam Completed
i 1,21,450 74,958 46,492 Local Area Telangana Khammam Ongoing
i 11,25,000 - 11,25,000 Local Area Telangana Peddapalli Ongoing
i 2,40,000 - 2,40,000 Local Area Telangana Jayashankar Ongoing

Bhupalpalli
i 3,00,000 2,90,000 10,000 Local Area Telangana Jayashankar Ongoing

Bhupalpalli
i 14,43,000 - 14,43,000 Local Area Telangana Komarambheem Ongoing

Asifabad
i 1,50,00,000 - 1,50,00,000 Local Area Telangana Mancherial Ongoing
ii 1,54,000 1,54,000 - Local Area Telangana Bhadradri Completed

Kothagudem

Executing
Authority
10 Govt of India Corporate CRP/PER/C/CSR/423, CRP/PER/C/ C22021000083 Har Ghar Tiranga

and GM(Per) 28-07-2022 CSR/2344, campaign - Purchase and
Welfare, SCCL 30-07-2022 distribution of National
flags to the people in
SCCL operational districts
under CSR
11 District Corporate CRP/PER/EE/CSR/555, CRP/PER/C/ C22021000095 Construction of com-
Collector 13-10-2022 CSR/3041, munity hall for Disabled
Bhadradri 22-10-2022 persons welfare in
Kothagudem Kothagudem Mandal
12 Sri S Venkata Kothagudem KGM/JVR/WO/5018/653, CRP/PER/C/ C22021100080 Renovation of Govt
Veeraiah, 04-11-2022 CSR/3243, Primary School at
Hon’ble MLA 22-11-2022 Vengala Rao Nagar in
Sathupalli Sathupalli
13 Sarpanch of Kothagudem KGM/JVR/WO/5310/71, CRP/PER/C/ C22021100101 Renovation of Govt.
Rejarla Gram 24-11-2022 CSR/3659, School at SC Colony,
panchayat 16-12-2022 Rejerla Grama
Panchayat, Sathupalli
14 Principal, Govt Yellandu CRP/PER/EE/CSR/166, CRP/PER/EE/ C22021200043 Promoting education by
Junior College 04-04-2022 CSR/1383, providing facilities in Govt
Gundala 12-05-2022 Junior college, Gundala
15 District Educa- Yellandu YLD/PER/61/2022/77, CRP/PER/C/ C22021200111 Financial assistance for
tional Officer 17-12-2022 CSR/8, District Level Science fair
Kothagudem 03-01-2023 in S.C.High
District School Yellandu
16 The Principal, Manuguru CRP/PER/EE/CSR/301, CRP/PER/C/ C22021300062 Providing furniture to
Government 06-06-2022 CSR/2022/1955, Govt Degree college in
Degree College, 02-07-2022 Manuguru
Manuguru
17 Sri Rega Manuguru MNG/CVL/A-1/3658/336, CRP/PER/C/ C22021300106 Repair works to Z.P.High
Kantha Rao, 28-01-2023 CSR/292, School and Govt Junior
Hon’ble MLA 07-02-2023 and Degree college in
Pinapaka Manuguru
18 GM CDN, Hyderabad CRP/PER/C/CSR/2022/201, CRP/PER/EE/ C22022000033 Skill development training
SCCL 20-04-2022 CSR/1435, for the unemployed youth
18-05-2022
19 Dy Hyderabad CRP/PER/C/CSR/686, CRP/PER/C/ C22022000112 Financial support for
Commissioner 28-12-2022 CSR/33, Pre-Recruitment Police
of Police, 06-01-2023 Training Programme for
Central Zone, unemployed youth in
Hyderabad City Central Zone, Hyderabad
20 Principal, Uni- Hyderabad CRP/PER/C/CSR/172, CRP/PER/C/ C22022000114 Construction of Class
versity College 21-03-2023 CSR/682, Rooms and Seminar
of Engineering 23-03-2023 Hall Cum Auditorium
(Autonomous), and Other Infrastructural
Osmania Univ- Works at Dept Of ECE,
eristy, Hyder- UCE(A), Osmania
abad University, Hyderabad.

Unspent
the Act. ing
Rupees
ii 14,93,363 14,93,363 - Local Area Telangana SCCL operational Completed
districts
ii 10,00,000 - 10,00,000 Local Area Telangana Bhadradri Ongoing

Kothagudem
ii 8,23,000 - 8,23,000 Local Area Telangana Khammam Ongoing
ii 2,90,000 - 2,90,000 Local Area Telangana Khammam Ongoing
ii 10,00,000 4,68,932 5,31,068 Local Area Telangana Bhadradri Ongoing

Kothagudem
ii 54,110 54,110 - Local Area Telangana Bhadradri Completed

Kothagudem

Kothagudem

Kothagudem
ii 1,00,00,000 20,27,132 79,72,868 Local Area Telangana SCCL operational Ongoing

districts
ii 10,00,000 10,00,000 - Other Area Telangana Hyderabad Completed
ii 1,48,00,000 74,00,000 74,00,000 Other Area Telangana Hyderabad Ongoing

Executing
Authority
21 Sri D Krishna Ramagun- CRP/PER/EE/ CRP/PER/EE/ C22022100051 Financial aid and

Kumar, dam -1 CSR/2022/530, 18-05-2022 CSR/1609, purchase of Vocational
Founder 01-06-2022 Training machinery for
Manochaitanya Manochaitanya Institution
Institution, established for differently
Godavarikhani abled children at
Godavarikhani
22 Commissioner Ramagun- RG.I/CVL/29/331, CRP/PER/C/ C22022100074 Construction of
of Police, dam -1 27-06-2022 CSR/2150, play ground near
Ramagundam 15-07-2022 Commissioner of Police
Office in Ramagundam.
23 Sub-Divisional Corporate KGM/CVLC/2022/133, CRP/PER/EE/ C22031000031 Providing public grievance
Police Officer, 04-04-2022 CSR/1223, hall near I-Town Police
Kothagudem 28-04-2022 Station, Kothagudem
24 District Corporate CRP/PER/C/CSR/526, CRP/PER/C/ C22031000066 Installation of CCTV
Collector 22-09-2022 CSR/2808, cameras for surviellance
Bhadradri 27-09-2022 in Educational Institutions
Kothagudem in Bhadradri Kothagudem
District for safety and
security of working and
girl students
25 Superintendent Corporate KGM/CVLC/2022/251, CRP/PER/C/ C22031000072 Providing repairs to
of Police, 27-06-2022 CSR/2148, public grievance hall at
Bhadradri 15-07-2022 Ganeshpuram in
26 10th Ward Kothagudem KGM/JVR/WO/4728/608, CRP/PER/C/ C22031100096 Installation of CC
Counsellor, 30-09-2022 CSR/3042, cameras for surviellance
Sathupally 22-10-2022 in Vengalrao nagar,
Municipality Jalagam Nagar and
and Rejerla Rejerla villages of
Village People Sathupalli constituency
for safety and security of
the wome/public
27 Inspector of Yellandu YLD/IT/331/841/211, CRP/PER/C/ C22031200102 Installation of CCTV
Police Yellandu 10-11-2022 CSR/3660, cameras for surviellance
Town 16-12-2022 in Yellandu town for
women/public safety and
security
28 Sri Mallepalli Hyderabad CRP/PER/C/CSR/450, CRP/PER/C/ C22032000087 Centre for Dalit studies
Laxmaiah, 12-08-2022 CSR/2553, – Impact of the SCCL
Chairperson 25-08-2022 on the lives of Dalits and
of Centre for Marginal sections – A
Dalit Studies case study of coal mines
Society(an in Telangana State
NGO)

Unspent
the Act. ing
Rupees
ii 15,00,000 15,00,000 - Local Area Telangana Peddapalli Completed
ii 10,00,000 10,00,000 - Local Area Telangana Peddapalli Completed
iii 17,91,000 11,53,133 6,37,867 Local Area Telangana Bhadradri Ongoing

Kothagudem
iii 9,55,400 9,55,400 - Local Area Telangana Bhadradri Completed

Kothagudem
iii 15,30,000 - 15,30,000 Local Area Telangana Bhadradri Ongoing

Kothagudem
iii 6,00,000 - 6,00,000 Local Area Telangana Khammam Ongoing
iii 10,00,000 10,00,000 - Local Area Telangana Bhadradri Completed

Kothagudem
iii 25,00,000 12,00,000 13,00,000 Local Area Telangana SCCL operational Ongoing
districts

Executing
Authority
29 Dy. Com- Ramagun- RG.I/PER/101/659, CRP/PER/C/ C22032100086 Installation of CCTV

missioner of dam -1 10-08-2022 CSR/2552, cameras for surviellance
Police (Admn), 25-08-2022 in Godavarikhani-I town
Ramagundam, Area for safety and
HAC, Pedda- security of the women/
palli District public
30 CI of Manthani Ramagun- RG3/PER/CSR/91/12, CRP/PER/C/ C22032300110 Installation of CCTV
dam -3 20-02-2023 CSR/614, cameras for surviellance in
16-03-2023 Manthani town and Rama-
giri Mandal for safety and
security of women/people
31 Addl.DCP Mandamarry MMR/ CRP/PER/C/ C22033200069 Installation of CCTV
(Admn), Ra- GMO/G/006/2022/983/5, CSR/3658, cameras for surviellance in
magundam, I/c 09-12-2022 16-12-2022 Mandamarri Area for safety
DCP Manche- and security of women/
rial Zone public and girl child
32 Asst. Srirampur CRP/PER/C/CSR/2022/246, CRP/PER/EE/ C22033400044 Installation of CCTV
Commissioner 11-05-2022 CSR/1516, cameras for surviellance
of Police, I/c 27-05-2022 in Srirampur, Naspur and
Mancherial Mancherial for safety and
security of the women/
public.
33 Secretary, Corporate CRP/PER/C/CSR/612, CRP/PER/C/ C22041000122 Animal welfare -
Annapurna Go- 14-11-2022 CSR/152, procurement of grass
Samrakshana 25-01-2023 / fodder for survival of
Samithi, animals
Palwancha in Kothagudem
34 Sri Kartik Hyderabad CRP/PER/C/CSR/25, CRP/PER/C/ C22042000125 Financial support for
Sapre, Chief 12-01-2023 CSR/681, Narmada Samagra
Executive 22-03-2023 Organization towards
of Narmada conservation of River
Samagra Narmada and Health of
organization the river catchment areas
in Nation’s interest
35 District Bhopala Paly BHP/FTY/A/2022/157, CRP/PER/C/ C22042400085 Procurement of plants
Collector 16-07-2022 CSR/2356, material for raising multi
Jayashankar 30-07-2022 layer green belt
Bhupalpalli Avenue Plantation from
Bhupalpally to Mahadev-
pur Road under CSR
36 Sri Mallepalli Corporate CRP/PER/EE/CSR/239, CRP/PER/EE/ C22051000042 Development of
Laxmaiah, 03-05-2022 CSR/1382, historical Buddhist site at
Special Officer, 12-05-2022 Karukonda in Bhadradri
Buddhavanam, Kothagudem District
Govt of
Telangana

Unspent
the Act. ing
Rupees
iii 10,00,000 10,00,000 - Local Area Telangana Peddapalli Completed
iii 15,00,000 - 15,00,000 Local Area Telangana Peddapalli Ongoing
iii 10,00,000 3,00,000 7,00,000 Local Area Telangana Mancherial Ongoing
iii 10,36,934 10,36,934 - Local Area Telangana Mancherial Completed
iv 3,50,000 3,50,000 - Local Area Telangana Bhadradri Completed

Kothagudem
iv 25,00,000 25,00,000 - Other Area Madhya District in Completed

Pradesh Madhya Pradesh
iv 1,00,00,000 1,00,00,000 - Local Area Telangana Jayashankar Completed

Bhupalpalli
v 20,00,000 6,00,000 14,00,000 Local Area Telangana Bhadradri Ongoing

Kothagudem

Executing
Authority
37 President of Corporate CRP/PER/C/CSR/134, CRP/PER/C/ C22051000119 Financial support for

Abhyudaya 03-03-2023 CSR/735, providing food and drink-
Kala Seva 28-03-2023 ing water to participat-
Samithi ing school children in
the cultural activities
at Telangana Balotsav,
Kothagudem
38 District Corporate CRP/PER/C/CSR/41, CRP/PER/C/ C22051000123 Financial Assistance
Collector 19-01-2023 CSR/153, under CSR for conducting
Bhadradri 25-01-2023 Theatre Dramas in
Kothagudem Kothagudem by Surabhi
Theatre Group for
promoting Art and Culture
39 Sri Mohammad Hyderabad CRP/PER/C/CSR/545, CRP/PER/C/ C22052000094 Cultural event - Qadir ali
Ali Baig, Qadir 07-10-2022 CSR/2942, baig theater festival in
Ali Baig The- 11-10-2022 Hyderabad
atre, Festival
Director
40 Sri Susanta Naini NAINI AREA/DEV CRP/PER/C/ C22055100077 Annual Ma Ramachandi
Kumar Behera, WORKS/2022/375/66, CSR/2588, Yatra in Kosala village of
Hon’ble MLA 18-08-2022 30-08-2022 Odisha State
Chendipada
41 Forest Corporate CRP/PER/C/CSR/2023/32, CRP/PER/C/ C22071000107 Financial support for
Divisional 14-01-2023 CSR/322, organizing Regional Level
Officer 11-02-2023 sports meet at
42 Under Hyderabad CRP/PER/C/CSR/178, CRP/PER/C/ C22072000132 National Sports Develop-
Secretary to 22-03-2023 CSR/719, ment Fund(NSDF) - ex-
the Ministry 25-03-2023 tending financial support
of Coal, to potential athletes in
Government of bringing laurels in forth-
India coming Asian games and
Olympic games
43 Sri Pulluri Sud- Srirampur CRP/PER/C/CSR/515, CRP/PER/C/ C22073400065 Promoting Sports - Finan-
haker, General 16-09-2022 CSR/2807, cial Assistance to Adila-
Secretary, Adi- 27-09-2022 bad District Badminton
labad Erst- Association for organizing
while District, under 17 Boys and Girls
Badminton As- Badminton Championship
sociation, HQ. Tournament at Mancherial
Mancherial town
44 Sri Diwakar Srirampur CRP/PER/C/CSR/635, CRP/PER/C/ C22073400097 Telangana State level
Rao Nadipelli, 02-12-2022 CSR/3535, 32nd Sub-Junior Inter
Hon’ble MLA 05-12-2022 District Kabaddi
Mancherial Championship at DSA
Grounds, Mancherial

Unspent
the Act. ing
Rupees
v 2,00,000 - 2,00,000 Local Area Telangana Bhadradri Ongoing
Kothagudem
v 3,00,000 3,00,000 - Local Area Telangana Bhadradri Completed

Kothagudem
v 5,00,000 5,00,000 - Other Area Telangana Hyderabad Completed
v 2,00,000 1,00,000 1,00,000 Local Area Odisha Angul Ongoing
vii 1,90,000 1,90,000 - Local Area Telangana Bhadradri Completed

Kothagudem
vii 50,00,000 - 50,00,000 Other Area Delhi Delhi Ongoing
vii 1,50,000 1,50,000 - Local Area Telangana Mancherial Completed
vii 5,00,000 5,00,000 - Local Area Telangana Mancherial Completed

Executing
Authority
45 Sri S Venkata Kothagudem CRP/PER/C/CSR/368, CRP/PER/C/ C22101100081 Rural development works

Veeraiah, 07-07-2022 CSR/3227, such as laying roads in
Hon’ble MLA 17-07-2022 the villages of
Sathupalli Sathupalli constituency
46 GM KGM, Kothagudem KGM/GMO/2021/029/228, CRP/PER/C/ C22101100088 Repairs to houses at BC
SCCL 03-08-2022 CSR/2578, colony and SC colony
27-08-2022 near Kistaram village
and BC colony at Rejerla
village of Sathupalli
47 Smt Banoth Yellandu CRP/PER/C/CSR/518, CRP/PER/C/ C22101200092 Rural development works
Hari Priya, 17-09-2022 CSR/2811, such as laying CC roads
Hon’ble MLA 27-09-2022 in Tekulapally village of
Yellandu Yellandu Constituency
Constituency
48 Sri Rega Manuguru CRP/PER/C/CSR/340, CRP/PER/C/ C22101300071 Construction of meeting
Kantha Rao, 22-06-2022 CSR/2022/1957, hall for rural public in
Hon’ble MLA 02-07-2022 Manuguru
Pinapaka
49 Sri Rega Manuguru CRP/PER/C/CSR/382, CRP/PER/C/ C22101300078 Construction of community
Kantha Rao, 13-07-2022 CSR/2792, halls for SC, Minority and
Hon’ble MLA 24-09-2022 rural backward community
Pinapaka people of Manuguru
50 Sri Rega Manuguru MNG/CVL/A-1/3050/283, CRP/PER/C/ C22101300105 Renovation works to com-
Kantha Rao, 29-12-2022 CSR/87, munity hall in Kommu-
Hon’ble MLA 17-01-2023 gudem village of Manu-
Pinapaka guru Area of of Bhadradri
Kothagudem District
51 District Hyderabad CRP/PER/C/CSR/636, CRP/PER/C/ C22102000098 Rural development activi-
Collector 02-12-2022 CSR/3536, ties such as Restoration
Medak 05-12-2022 of Oora cheruvu, laying
roads and upgradation of
Anganwadi centers in the
villages of Medak District
52 OSD to Hon’ble Hyderabad CRP/PER/C/CSR/155, CRP/PER/C/ C22102000116 Rural development and
Minister 14-03-2023 CSR/722, infrastructural works
for Energy, 27-03-2023 for Saddala Cheruvu in
Government Suryapet constituency
of Telangana,
Secretariat,
Hyderabad
53 Smt Dana- Bhopala Paly CRP/PER/C/CSR/467, CRP/PER/C/ C22102400091 Rural development
sari Anasuya 25-08-2022 CSR/2705, works such as laying CC
(Seethakka), 13-09-2022 roads,community halls,
Hon’ble MLA drilling bore wells etc. in
Mulugu Con- the villages of Mulugu
stituency assembly constituency

Unspent
the Act. ing
Rupees
x 2,00,00,000 60,00,000 1,40,00,000 Local Area Telangana Khammam Ongoing
x 2,00,00,000 47,28,471 1,52,71,529 Local Area Telangana Khammam Ongoing
x 10,00,000 - 10,00,000 Local Area Telangana Bhadradri Ongoing

Kothagudem
x 20,00,000 6,00,000 14,00,000 Local Area Telangana Bhadradri Ongoing

Kothagudem
x 1,50,00,000 45,00,000 1,05,00,000 Local Area Telangana Bhadradri Ongoing

Kothagudem
x 3,70,000 - 3,70,000 Local Area Telangana Bhadradri Ongoing

Kothagudem
x 2,00,00,000 60,00,000 1,40,00,000 Other Area Telangana Medak Ongoing
x 2,00,00,000 - 2,00,00,000 Other Area Telangana Suryapet Ongoing
x 1,00,00,000 30,00,000 70,00,000 Local Area Telangana Mulugu Ongoing

Executing
Authority
54 Residents of Bhopala Paly BHP/CVL/A-1/2389/311, CRP/PER/C/ C22102400108 Repair works to houses

Shanthinagar 20-01-2023 CSR/323, in Shanthinagar colony of
colony and GM 11-02-2023 Bhupalpalli Area
BHP, SCCL
55 Sri Gandra Bhopala Paly BHP/CVL/A-1/470/65, CRP/PER/C/ C22102400133 Laying /widening of
Venkata 20-03-2023 CSR/727, existing road including
Ramana 27-03-2023 required cross drainage
Reddy, works from Ambedkar
Hon’ble MLA centre to Jangedu
Bhupalpalli village in Bhupalpalli
Constituency
56 Sri Athram Bellampally CRP/PER/C/CSR/15, CRP/PER/C/ C22103100104 Construction of communi-
Sakku, Hon’ble 06-01-2023 CSR/46, ty halls in various villages
MLA Asifabad 09-01-2023 of Asifabad
Constituency
57 GM MMR, Mandamarry MMR/KKOCP/G-001/ CRP/PER/C/ C22103200115 Rural development works
SCCL 2022/3773/46, CSR/689, such as providing bore
04-01-2023 24-03-2023 well, repairs to school
building, construction of
roads, drains, street lights,
check dams, plants distri-
bution, sewing machine
distribution to the women
etc in the villages of Bel-
lampalli Constituency
58 Sri Indrakaran Srirampur CRP/PER/C/CSR/350, CRP/PER/C/ C22103400073 Construction of
Reddy, Hon’ble 25-06-2022 CSR/2149, community halls in the
Minister for 15-07-2022 villages of Nirmal
Forest & constituency
Environment,
Science &
Technology,
Law &
Endowments,
Govt of
Telangana
59 Sri N Srirampur CRP/PER/C/CSR/661, CRP/PER/C/ C22103400103 Providing lighting
Diwakar Rao, 14-12-2022 CSR/3799, arrangements in
Hon’ble MLA 28-12-2022 Seetharampally village of
Mancherial Naspur
Mandal
60 Sri N Srirampur CRP/PER/C/CSR/176, CRP/PER/C/ C22103400131 Laying of CC roads,
Diwakar Rao, 22-03-2023 CSR/718, drains and providing
Hon’ble MLA 25-03-2023 lighting in the villages of
Mancherial Mancherial Constituency

Unspent
the Act. ing
Rupees
x 2,52,00,000 - 2,52,00,000 Local Area Telangana Jayashankar Ongoing
Bhupalpalli
x 4,00,00,000 - 4,00,00,000 Local Area Telangana Jayashankar Ongoing

Bhupalpalli
x 2,00,00,000 60,00,000 1,40,00,000 Local Area Telangana Komarambheem Ongoing

Asifabad
x 77,67,000 - 77,67,000 Local Area Telangana Mancherial Ongoing
x 3,00,00,000 60,00,000 2,40,00,000 Local Area Telangana Nirmal Ongoing
x 8,00,000 - 8,00,000 Local Area Telangana Mancherial Ongoing
x 2,00,00,000 - 2,00,00,000 Local Area Telangana Mancherial Ongoing

Executing
Authority
61 Competent Corporate CRP/PER/C/CSR/537, CRP/PER/C/ C22121000079 Reconstruction activities

Authority, 28-09-2022 CSR/3039, such as dewatering of
SCCL 22-10-2022 flood affected
Godavari Basin villages
near Bhadrachalam by
hiring Engine driven high
discharge pumps under
CSR
62 GM Civil, Corporate CRP/CVL/2022-23/227, CRP/PER/C/ C22121000082 Engagement of dozers/
SCCL 16-07-2022 CSR/2340, excavators/tippers in
30-07-2022 flood affected villages of
Bhadrachalam mandal for
relief and reconstruction
activities under CSR
63 GM Civil, Corporate CRP/CVL/OF- CRP/PER/C/ C22121000090 Relief and reconstruction
SCCL FICE/2022/228, 18-08-2022 CSR/2632, activities at flood affected
03-09-2022 Godavari Basin villages
near Bhadrachalam under
CSR
64 SCCL Directors Kothagudem KGM/ CRP/PER/C/ C22121100093 Rehabilitation, relief
PER/2022/462/542/521, CSR/2913, activities at Godavari
17-09-2022 08-10-2022 flood affected villages
at Bhadrachalam under
CSR
65 GM MNG, Manuguru MNG/PER/18/1712, CRP/PER/C/ C22121300076 Rehabilitation and relief
SCCL 16-07-2022 CSR/2350, activities to the flood
30-07-2022 affected people of
Godavari Basin villages
under CSR
66 Sub Collector Corporate CRP/PER/EE/ CRP/ C22991000013 Providing drinking
Bhadrachalam CSR/2012/153, 16-03-2022 PER/C/2022/ water to the people in
CSR/964, Bhadrachalam.
05-04-2022
67 District Corporate CRP/PER/C/CSR/4, CRP/PER/C/ C22991000100 Providing infrastructural
Collector, 03-01-2023 CSR/88, facilities and upgradation
Bhadradri 17-01-2023 of existing
Kothegudem Anganwadi Centers in
District Bhadradri Kothagudem
District
68 District Corporate CRP/PER/C/CSR/122, CRP/PER/C/ C22991000109 Providing food, drinking
Collector 23-02-2023 CSR/519, water, sanitation and
Bhadradri 09-03-2023 other facilities etc. to the
Kothagudem people in Bhadrachalam

Unspent
the Act. ing
Rupees
xii 33,04,000 33,04,000 - Local Area Telangana Bhadradri Completed
Kothagudem
xii 95,00,000 56,00,752 38,99,248 Local Area Telangana Bhadradri Ongoing

Kothagudem
xii 15,00,000 14,75,000 25,000 Local Area Telangana Bhadradri Ongoing

Kothagudem
xii 8,50,335 8,50,335 - Local Area Telangana Bhadradri Completed

Kothagudem
xii 10,00,000 4,79,998 5,20,002 Local Area Telangana Bhadradri Ongoing

Kothagudem
i,v 2,00,000 2,00,000 - Local Area Telangana Bhadradri Completed

Kothagudem
iii,x 12,00,000 - 12,00,000 Local Area Telangana Bhadradri Ongoing

Kothagudem
i,v 10,00,000 10,00,000 - Local Area Telangana Bhadradri Completed

Kothagudem

Executing
Authority
69 Addl. Director Hyderabad CRP/PER/C/CSR/406, CRP/PER/C/ C22992000084 Development of training

General 21-07-2022 CSR/2355, ground with plantation
of Police, 30-07-2022 and water facility at
Intelligence, Integrated Intelligence
TS, Hyderabad Training Academy,
Moinabad, Hyderabad.
70 District Hyderabad CRP/PER/C/CSR/687, CRP/PER/C/ C22992000099 Providing infrastructural
Collector, 31-12-2022 CSR/3826, pre-primary education
Medak District 02-01-2022 facilities,
digitalization of High
schools and providing
facilities for Indoor and
outdoor games in the
rural villages of Medak
District
71 Sri K Ramagun- CRP/PER/C/CSR/52, CRP/PER/C/ C22992100121 Construction of
Vidyasagar dam -1 23-01-2023 CSR/151, Community Hall
Rao, Hon’ble 24-01-2023 and infrastructural
MLA Korutla development works to
Mini stadium in Metpally
village of Korutla
Constituency
72 Commissioner, Ramagun- CRP/PER/C/CSR/188, CRP/PER/C/ C22992100127 Development of park,
Raikal dam -1 27-03-2023 CSR/729, providing Bus shelters
Municipality 28-03-2023 and open Gyms in Raikal
Municipality
73 Sri G Ven- Bhopala Paly CRP/PER/C/CSR/618, CRP/PER/C/ C22992400068 Rural development works
kata Ramana 21-11-2022 CSR/3529, such as construction of
Reddy, Hon’ble 03-12-2022 library building, commu-
MLA Bhupal- nity halls and roads etc. in
palli Constitu- the villages of Bhupalpalli
ency constituency
74 Commandant, Bhopala Paly CRP/PER/C/CSR/186, CRP/PER/C/ C22992400120 Establishment of Gym-
IV Battalion, 25-03-2023 CSR/738, nasium and equipemnt in
TSSP, Mam- 29-03-2023 Police Battalion premises
noor Lines, at Mamnoor lines of Wa-
Warangal, Po- rangal for Police person-
lice Dept., Govt nel and job Aspirants/
of Telangana youth for physical fitness/
training purpose
75 Sri Balka Srirampur CRP/PER/EE/CSR/170, CRP/PER/C/ C22993400021 Providing infrastructure
Suman, 06-04-2022 CSR/2022/993, facilities near pranahitha
Hon’ble MLA 07-04-2022 river in Kotapally mandal
Chennur of Mancherial district
Total

Unspent
the Act. ing
Rupees
i,iv 25,00,000 25,00,000 - Other Area Telangana Hyderabad Completed
ii,vii 2,50,00,000 1,25,00,000 1,25,00,000 Other Area Telangana Medak Ongoing
vii,x 1,00,00,000 - 1,00,00,000 Local Area Telangana Dharmapuri Ongoing
i,iii,iv 30,00,000 - 30,00,000 Local Area Telangana Jagtial Ongoing
v,x 2,00,00,000 - 2,00,00,000 Local Area Telangana Jayashankar Ongoing

Bhupalpalli
i,ii,iii 20,00,000 - 20,00,000 Local Area Telangana Warangal Ongoing
i,v 30,00,000 - 30,00,000 Local Area Telangana Mancherial Ongoing
43,04,90,592 10,44,31,518 32,60,59,074

8 (b) Details of CSR amount spent against ongoing projects for the financial year: Annexure-A
1 2 3 4 5 6
Sl. Name of the Project. Item from Local Location of the project Project
No. the list of area duration
activities in (Yes/ State District.
Schedule VII No).
to the Act.
1 Providing 7.5 HP motor to Borehole at 10th ward in i Yes Telangana Khammam 3
Sathupalli, Municipality.
2 Deployment of 200HP truck mounted 1 cu.m i Yes Telangana Peddapalli 3
hydraulic excavator for desilting of L6 canal from
Rajapur village to Manthani
3 Providing drinking water to the people at Kaleswaram i Yes Telangana Jayashankar 3
Bhupalpalli
4 Organizing medical camp to the villagers of i Yes Telangana Jayashankar 3
Gaddiganipalli and other near surrounding villages in Bhupalpalli
Bhupalpalli
5 Drilling of 15 Nos hand bore wells in the surrounding i Yes Telangana Komarambheem 3
villages of Rebbana Mandal Asifabad
6 Construction of drains and other civil works in i Yes Telangana Mancherial 3
Chennur Municipality
7 Construction of community hall for Disabled persons ii Yes Telangana Bhadradri 3
welfare in Kothagudem Mandal Kothagudem
8 Renovation of Govt Primary School at Vengala Rao ii Yes Telangana Khammam 3
Nagar in Sathupalli
9 Renovation of Govt. School at SC Colony, Rejerla ii Yes Telangana Khammam 3
Grama Panchayat, Sathupalli
10 Promoting education by providing facilities in Govt ii Yes Telangana Bhadradri 3
Junior college, Gundala Kothagudem
11 Providing furniture to Govt Degree college in ii Yes Telangana Bhadradri 3
Manuguru Kothagudem
12 Repair works to Z.P.High School and Govt Junior ii Yes Telangana Bhadradri 3
and Degree college in Manuguru Kothagudem
13 Skill development training for the unemployed youth ii Yes Telangana SCCL operational 3
districts
14 Construction of Class Rooms and Seminar Hall Cum ii No Telangana Hyderabad 3
Auditorium and Other Infrastructural Works at Dept
Of ECE, UCE(A), Osmania University, Hyderabad.
15 Providing public grievance hall near I-Town Police iii Yes Telangana Bhadradri 3
Station, Kothagudem Kothagudem
16 Providing repairs to public grievance hall at Ganesh- iii Yes Telangana Bhadradri 3
puram in Kothagudem Kothagudem
17 Installation of CC cameras for surviellance in iii Yes Telangana Khammam 3
Vengalrao nagar, Jalagam Nagar and Rejerla
villages of Sathupalli constituency for safety and
security of the wome/public
18 Centre for Dalit studies – Impact of the SCCL on the iii Yes Telangana SCCL operational 3
lives of Dalits and Marginal sections – A case study districts
of coal mines in Telangana State

7 8 9 10 11
Amount al- Amount spent in Amount transferred to Mode of Mode of Implementation -
located for the the current Unspent CSR Account for Implementation - Through Implementing Agency
project (in Rs.). financial Year the project as per Section Direct (Yes/No) Name CSR
(in Rs.) 135(6) (in Rs.). Registration
number.
1,21,450 74,958 46,492 Yes
11,25,000 - 11,25,000 Yes
2,40,000 - 2,40,000 Yes
3,00,000 2,90,000 10,000 Yes
14,43,000 - 14,43,000 Yes
1,50,00,000 - 1,50,00,000 Yes
10,00,000 - 10,00,000 Yes
8,23,000 - 8,23,000 Yes
2,90,000 - 2,90,000 Yes
10,00,000 4,68,932 5,31,068 Yes
5,00,000 - 5,00,000 Yes
52,57,000 - 52,57,000 Yes
1,00,00,000 2,027,132 79,72,868 Yes
1,48,00,000 74,00,000 74,00,000 Yes
17,91,000 11,53,133 6,37,867 Yes
15,30,000 - 15,30,000 Yes
6,00,000 - 6,00,000 Yes
25,00,000 12,00,000 13,00,000 Yes

1 2 3 4 5 6
Schedule VII No).
to the Act.
19 Installation of CCTV cameras for surviellance in iii Yes Telangana Peddapalli 3
Manthani town and Ramagiri Mandal for safety and
security of women/people
20 Installation of CCTV cameras for surviellance in iii Yes Telangana Mancherial 3
Mandamarri Area for safety and security of women/
public and girl child
21 Development of historical Buddhist site at v Yes Telangana Bhadradri 3
Karukonda in Bhadradri Kothagudem District Kothagudem
22 Financial support for providing food and drinking v Yes Telangana Bhadradri 3
water to participating school children in the cultural Kothagudem
activities at Telangana Balotsav, Kothagudem
23 Annual Ma Ramachandi Yatra in Kosala village of v Yes Odisha Angul 3
Odisha State
24 National Sports Development Fund(NSDF) - extending vii No Delhi Delhi 3
financial support to potential athletes in bringing laurels
in forthcoming Asian games and Olympic games
25 Rural development works such as laying roads in x Yes Telangana Khammam 3
the villages of Sathupalli constituency
26 Repairs to houses at BC colony and SC colony near x Yes Telangana Khammam 3
Kistaram village and BC colony at Rejerla village of
Sathupalli
27 Rural development works such as laying CC roads x Yes Telangana Bhadradri 3
in Tekulapally village of Yellandu Constituency Kothagudem
28 Construction of meeting hall for rural public in x Yes Telangana Bhadradri 3
Manuguru Kothagudem
29 Construction of community halls for SC, Minority and x Yes Telangana Bhadradri 3
rural backward community people of Manuguru Kothagudem
30 Renovation works to community hall in x Yes Telangana Bhadradri 3
Kommugudem village of Manuguru Area of of Kothagudem
Bhadradri Kothagudem District
31 Rural development activities such as Restoration x No Telangana Medak 3
of Oora cheruvu, laying roads and upgradation of
Anganwadi centers in the villages of Medak District
32 Rural development and infrastructural works for x No Telangana Suryapet 3
Saddala Cheruvu in Suryapet constituency
33 Rural development works such as laying CC x Yes Telangana Mulugu 3
roads,community halls, drilling bore wells etc. in the
villages of Mulugu assembly constituency
34 Repair works to houses in Shanthinagar colony of x Yes Telangana Jayashankar 3
Bhupalpalli Area Bhupalpalli
35 Laying /widening of existing road including required x Yes Telangana Jayashankar 3
cross drainage works from Ambedkar centre to Bhupalpalli
Jangedu village in Bhupalpalli Constituency

7 8 9 10 11
number.
15,00,000 - 15,00,000 Yes
10,00,000 3,00,000 7,00,000 Yes
20,00,000 6,00,000 14,00,000 Yes
2,00,000 - 2,00,000 Yes
2,00,000 1,00,000 1,00,000 Yes
50,00,000 - 50,00,000 Yes
2,00,00,000 60,00,000 1,40,00,000 Yes
2,00,00,000 47,28,471 1,52,71,529 Yes
1,000,000 - 10,00,000 Yes
2,000,000 6,00,000 14,00,000 Yes
1,50,00,000 45,00,000 1,05,00,000 Yes
3,70,000 - 3,70,000 Yes
2,00,00,000 60,00,000 1,40,00,000 Yes
2,00,00,000 - 2,00,00,000 Yes
1,00,00,000 30,00,000 70,00,000 Yes
2,52,00,000 - 2,52,00,000 Yes
4,00,00,000 - 4,00,00,000 Yes

1 2 3 4 5 6
Schedule VII No).
to the Act.
36 Construction of community halls in various villages x Yes Telangana Komarambheem 3
of Asifabad Constituency Asifabad
37 Rural development works such as providing bore x Yes Telangana Mancherial 3
well, repairs to school building, construction of roads,
drains, street lights, check dams, plants distribution,
sewing machine distribution to the women etc in the
villages of Bellampalli Constituency
38 Construction of community halls in the villages of x Yes Telangana Nirmal 3
Nirmal constituency
39 Providing lighting arrangements in Seetharampally x Yes Telangana Mancherial 3
village of Naspur Mandal
40 Laying of CC roads, drains and providing lighting in x Yes Telangana Mancherial 3
the villages of Mancherial Constituency
41 Engagement of dozers/excavators/tippers in flood xii Yes Telangana Bhadradri 3
affected villages of Bhadrachalam mandal for relief Kothagudem
and reconstruction activities under CSR
42 Relief and reconstruction activities at flood affected Go- xii Yes Telangana Bhadradri 3
davari Basin villages near Bhadrachalam under CSR Kothagudem
43 Rehabilitation and relief activities to the flood affected xii Yes Telangana Bhadradri 3
people of Godavari Basin villages under CSR Kothagudem
44 Providing infrastructural facilities and upgradation iii,x Yes Telangana Bhadradri 3
of existing Anganwadi Centers in Bhadradri Kothagudem
Kothagudem District
45 Providing infrastructural pre-primary education ii,vii No Telangana Medak 3
facilities, digitalization of High schools and providing
facilities for Indoor and outdoor games in the rural
villages of Medak District
46 Construction of Community Hall and infrastructural vii,x Yes Telangana Dharmapuri 3
development works to Mini stadium in Metpally
village of Korutla Constituency
47 Development of park, providing Bus shelters and i,iii,iv Yes Telangana Jagtial 3
open Gyms in Raikal Municipality
48 Rural development works such as construction of v,x Yes Telangana Jayashankar 3
library building, community halls and roads etc. in Bhupalpalli
the villages of Bhupalpalli constituency
49 Establishment of Gymnasium and equipemnt in i,ii,iii Yes Telangana Warangal 3
Police Battalion premises at Mamnoor lines of
Warangal for Police personnel and job Aspirants/
youth for physical fitness/training purpose
50 Providing infrastructure facilities near pranahitha i,v Yes Telangana Mancherial 3
river in Kotapally mandal of Mancherial district
Total

7 8 9 10 11
number.
20,000,000 60,00,000 1,40,00,000 Yes
77,67,000 - 77,67,000 Yes
30,000,000 60,00,000 2,40,00,000 Yes
8,00,000 - 8,00,000 Yes
20,000,000 - 2,00,00,000 Yes
9,500,000 56,00,752 38,99,248 Yes
1,500,000 14,75,000 25,000 Yes
1,000,000 4,79,998 5,20,002 Yes
1,200,000 - 12,00,000 Yes
25,000,000 1,25,00,000 1,25,00,000 Yes
10,000,000 - 1,00,00,000 Yes
3,000,000 - 30,00,000 Yes
20,000,000 - 2,00,00,000 Yes
2,000,000 - 20,00,000 Yes
3,000,000 - 30,00,000 Yes
39,65,57,450 7,04,98,376 32,60,59,074

8 (c ) Details of CSR amount spent against other than ongoing projects for the financial year: Annexure-B
1 2 3 4 5 6 7 8
S. Name of the Project. Item from Local Location of Amount Mode of Mode of
No the list of area the project spent in Imple- Implementation -
activities in (Yes/ the current menta Through Implementing
Schedule VII No). financial tion - Agency
to the Act. State. District. Year (in Rs.) Direct Name CSR Registra-
(Yes/No) tion number.
1 Procurement and supply of i Yes Telangana Bhadradri 17,70,000 Yes
Bleaching powder to sani- Kothagudem
tize the flood affected areas
in and around Bhadracha-
lam town
2 Refilling of oxygen cylinders i Yes Telangana Khammam 6,25,000 Yes
by SCCL to use at Com-
munity Health Centres of
Sathupalli and Penuballi
3 Providing fans,tube lights ii Yes Telangana Bhadradri 1,54,000 Yes
and chairs to Govt Junior Kothagudem
college in Kothagudem
4 Har Ghar Tiranga campaign ii Yes Telangana SCCL 14,93,363 Yes
- Purchase and distribu- operational
tion of National flags to the districts
people in SCCL operational
districts under CSR
5 Financial assistance for ii Yes Telangana Bhadradri 54,110 Yes
District Level Science fair in Kothagudem
S.C.High School Yellandu
6 Financial support for Pre- ii No Telangana Hyderabad 10,00,000 Yes
Recruitment Police Training
Programme for unemployed
youth in Central Zone,
Hyderabad
7 Financial aid and purchase ii Yes Telangana Peddapalli 15,00,000 Yes
of Vocational Training ma-
chinery for Manochaitanya
Institution established for
differently abled children at
Godavarikhani
8 Construction of play ground ii Yes Telangana Peddapalli 10,00,000 Yes
near Commissioner of Po-
lice Office in Ramagundam.
9 Installation of CCTV iii Yes Telangana Bhadradri 9,55,400 Yes
cameras for surviellance in Kothagudem
Educational Institutions in
Bhadradri Kothagudem Dis-
trict for safety and security
of working and girl students

1 2 3 4 5 6 7 8
10 Installation of CCTV iii Yes Telangana Bhadradri 10,00,000 Yes
cameras for surviellance in Kothagudem
Yellandu town for women/
public safety and security
11 Installation of CCTV iii Yes Telangana Peddapalli 10,00,000 Yes
cameras for surviellance in
Godavarikhani-I town Area
for safety and security of the
women/public
12 Installation of CCTV iii Yes Telangana Mancherial 10,36,934 Yes
cameras for surviellance
in Srirampur, Naspur and
Mancherial for safety and
security of the women/
public.
13 Animal welfare - procure- iv Yes Telangana Bhadradri 3,50,000 Yes
ment of grass / fodder for Kothagudem
survival of animals
in Kothagudem
14 Financial support for Nar- iv No Madhya District in 25,00,000 Yes
mada Samagra Organiza- Pradesh Madhya
tion towards Pradesh
conservation of River
Narmada and Health of the
river catchment areas in
Nation’s interest
15 Procurement of plants ma- iv Yes Telangana Jayashankar 1,00,00,000 Yes
terial for raising multi layer Bhupalpalli
green belt
Avenue Plantation from
Bhupalpally to Mahadevpur
Road under CSR
16 Financial Assistance under v Yes Telangana Bhadradri 3,00,000 Yes
CSR for conducting Theatre Kothagudem
Dramas in Kothagudem by
Surabhi Theatre Group for
promoting Art and Culture
17 Cultural event - Qadir ali v No Telangana Hyderabad 5,00,000 Yes
baig theater festival in
Hyderabad

1 2 3 4 5 6 7 8
18 Financial support for orga- vii Yes Telangana Bhadradri 1,90,000 Yes
nizing Regional Level sports Kothagudem
meet at Kothagudem
19 Promoting Sports - Finan- vii Yes Telangana Mancherial 1,50,000 Yes
cial Assistance to Adilabad
District Badminton Associa-
tion for organizing under 17
Boys and Girls Badminton
Championship Tournament
at Mancherial town
20 Telangana State level 32nd vii Yes Telangana Mancherial 5,00,000 Yes
Sub-Junior Inter District
Kabaddi Championship at
DSA Grounds, Mancherial
21 Reconstruction activities xii Yes Telangana Bhadradri 33,04,000 Yes
such as dewatering of flood Kothagudem
affected Godavari Basin
villages near Bhadrachalam
by hiring Engine driven high
discharge pumps under
CSR
22 Rehabilitation, relief xii Yes Telangana Bhadradri 8,50,335 Yes
activities at Godavari flood Kothagudem
affected villages at Bhadra-
chalam under CSR
23 Providing drinking water to i,v Yes Telangana Bhadradri 2,00,000 Yes
the people in Bhadracha- Kothagudem
lam.
24 Providing food, drinking i,v Yes Telangana Bhadradri 10,00,000 Yes
water, sanitation and other Kothagudem
facilities etc. to the people in
Bhadrachalam
25 Development of training i,iv No Telangana Hyderabad 25,00,000 Yes
ground with plantation and
water facility at Integrated
Intelligence Training Acad-
emy, Moinabad, Hyderabad.
Total 3,39,33,142

9 (b) Details of CSR amount spent in the FY 2022-23 for ongoing projects of the preceding financial years(s): Annexure-C
1 2 3 4 5 6 7 8 9
S. Project ID Name of the Project Financial Year Project Total amount Amount spent Cumulative Status of
No in which the duration allocated for on the project amount spent the project
project was the project in the report- at the end of re- - Com-
commenced for the proj- ing Financial porting Financial pleted/
ect (in Rs.) Year(in Rs.) Year (in Rs.) ongoing
1 CRP/PER/ Roads, side drains & culverts works 2017-18 18,00,000 11,96,431 17,36,431 ongoing
WEL/CSR/516, in Manuguru Mandal under CSR
dtd.20.11.2017
2 CRP/PER/WEL/ Development works such as roads, 2017-18 5,00,00,000 1,26,40,231 3,61,40,576 ongoing
CSR/552, DT drains and sheds etc. in Bhupalpally
07.12.2017 Assembly Constituency under CSR
3 CSR/PER/WEL/ Roads and other development 2017-18 2,00,00,000 21,81,908 1,33,99,607 ongoing
CSR/496,Dtd: works in certain villages of Thiryani
02.11.2017 CRP/ Mandal
PER/WEL/CSR/2978,
dtd.09.11.2017
4 BPA/MED/F/005/2068, 2014-15 32,48,693 9,22,336 32,46,615 ongoing
dtd. 24-07-12/14 Hiring of Ambulance for Mobile
Medical camp
5 CRP/PER/WEL/ Sanction of Ambedkar Bhavan 2017-18 1,00,00,000 33,11,043 63,11,043 ongoing
CSR/411 DT 29.08.2017 at Constituency Head Quarters,
Bellampalli with all facilities such
as Marriage Hall, reading hall and
Meeting hall etc. under CSR.
6 CRP/PER/WEL/ Development works such as laying 2017-18 1,07,90,000 3,35,125 97,17,520 ongoing
CSR/977 DT 22.03.2018 CC roads and drains at Kasipet GP
in Mancherial District under CSR.
7 Approved Note. Infrastructure development works in 2017-18 1,00,00,000 3,47,177 81,38,978 ongoing
No.CRP/PER/WEL/ the Villages of Mancherial constitu-
CSR/266,DT.13.06-2017 ency CSR
8 CRP/PER/WEL/ Rural Development works in the 2018-19 2,62,00,000 5,89,587 1,94,01,083 ongoing
CSR/272, DT. Khammam Parliamentary Constitu-
19.07.2018 ency
9 CRP/PER/ LED Street lights in three (03) Man- 2017-18 2,00,00,000 18,31,724 1,38,31,724 ongoing
WEL/CSR/494, dals i.e. Sujathanagar, Chunchupalli
dtd.31.10.2017 and Laxmidevipalli of Kothagudem

Assembly Constituency under CSR.
57
Total 15,20,38,693 2,33,55,562 11,19,23,577
9 (c) Details of CSR amount spent in the FY 2022-23 of the FY 2021-22 for which provision is made: Annexure-D
1 2 3 4 5 6 7 8 9
Sl. Project ID Name of the project Financial Project Total Amount Cumulative Status
No Year in dura- amount spent on the amount of the
which the tion allocated project in spent project -
project for the the reporting at the end of Com-
was project Financial reporting pleted
com- (in Rs.) Year (in Financial /Ongo-
menced Rs.) Year (in Rs.) ing
1 C21012200050 Drilling Bore wells in 2021-22 3 12,15,000 - - ongoing
Peddampet village of
Ramagundam-II Area
2 C21012300003 Supply of Drinking 2021-22 3 3,50,000 - - ongoing
water to Vakilpally
Village by hiring tanker
under CSR
3 C21012300032 Procurement and 2021-22 3 3,00,000 1,61,813 1,61,813 ongoing
Commissioning of
10 No.of Borewell
pumpsets for Rajapur
Village, Ramagiri
Mandal, Peddapalli
District
4 C21012400021 Hiring of two auto 2021-22 3 10,00,000 - - ongoing
trolleys and two autos
for spraying NaCl3 in
residential areas in
and around Bhupalli
Area and for staff
nurse conveyance
5 C21012400098 Oganizing medical 2021-22 3 2,50,000 2,00,715 2,00,715 ongoing
camp in Bhupalpalli
under SCCL CSR
6 C21012400101 Sanitation and drinking 2021-22 3 14,00,000 9,96,750 9,96,750 ongoing
water supply facilities
for Sammakka
Sarakka Jathara at
Medaram Village
7 C21013100013 Procurement of 2021-22 3 2,00,000 - - ongoing
Medicines /Surgical
Items for Covid-19
patients at Area
Hospital, Bellampalli
8 C21013200046 Construction of 2021-22 3 1,00,00,000 30,00,000 3,000,000 ongoing
class rooms and
toilets blocks to
Z.P.S Schools at
Orregadda of Chennur
constituency, certain
works to urban park in
Bellampalli

1 2 3 4 5 6 7 8 9
9 C21013400063 Construction of 2021-22 3 5,00,000 - 1,50,000 ongoing
drinage in Naspur
Municipality of
Mancherial District
10 C21013400080 Sanitation and 2021-22 3 1,95,00,000 58,50,000 58,50,000 ongoing
health care facilities
in Mancherial
constituency.
11 C21021000105 VOLVO Training to Un 2021-22 3 15,53,400 - - ongoing
Employed Youth
12 C21021100018 Providing dining hall 2021-22 3 14,00,000 - - ongoing
& one number deep
bore well at Zilla
Parishad High School
- Nacharam village,
Dammapeta Mandal,
Bhadradri kothagudem
Telangana state
13 C21021100020 Providing dining hall 2021-22 3 15,50,000 2,43,288 2,43,288 ongoing
with kitchen at Zilla
Parishad High School,
old Centre, sathupalli
and Kitchen shed for
ZP High School, NTR
Nagar Sathupalli of
Khammam District
14 C21021200082 Providing coaching 2021-22 3 12,00,000 12,00,000 12,00,000 com-
and study material pleted
to the unemployed
youth in Yellandu
Constituency
15 C21022000104 Providing facilities to 2021-22 3 2,00,00,000 - 60,00,000 ongoing
promote education
in the Z.P.H.Schools
of Shivampet and
Chinna Gottimukla in
Shivampet Mandal
16 C21031300094 Purchase of items 2021-22 3 5,70,000 - - ongoing
required to set-up
hostel for orphan
children in Manuguru
Area under CSR

1 2 3 4 5 6 7 8 9
17 C21033400085 Construction of 2021-22 3 10,00,000 3,00,000 3,00,000 ongoing
Public Meeting Hall in
Mancherial
18 C21039100083 Contruction of 2021-22 3 1,05,00,000 31,50,000 31,50,000 ongoing
Mahila Bhavans in
various villages of
Chennur assembly
Constituency
19 C21039100086 Construction of mahila 2021-22 3 1,00,00,000 - - ongoing
bhavans in variuos
villages of Chennur
20 C21041300071 Hiring of 1.00 Cum 2021-22 3 3,00,000 - - ongoing
Shovel for de-silting
including providing
earthen bunds with
excavated earth on
either side of the
Gundla Vaagu nalas
at Paglderu village in
Manuguru Mandal
21 C21051200014 Construction of 2021-22 3 60,00,000 59,82,124 59,82,124 ongoing
Library Building in
Mahabubabad district
Head Quarters .
22 C21072300092 Construction of 2021-22 3 7,60,000 6,59,734 6,59,734 com-
pavillion gallery at pleted
college play ground in
JNTUH Manthani.
23 C21101000072 Rural Development 2021-22 3 2,00,00,000 60,00,000 1,20,00,000 ongoing
works such
as providing
central lighting in
Laxmidevipalli Mandal
of Kothagudem
Constituency
24 C21101100017 Rural development 2021-22 3 2,00,00,000 1,13,69,589 1,73,69,589 ongoing
works such as laying
CC roads and side
drains in the villages
of Palair Assembly
Constituency

1 2 3 4 5 6 7 8 9
25 C21101100045 Providing tarpaulins 2021-22 3 6,56,000 4,16,793 4,16,793 ongoing
to old houses of the
SC colony in Kistaram
Villages
26 C21101100103 Rural development 2021-22 3 2,00,00,000 58,50,000 58,50,000 ongoing
projects in the villages
of vemsoor and
sathupalli Mandals
27 C21101200074 Additional funds for 2021-22 3 8,83,000 - - ongoing
providing internal
CC roads, CC drains
at Thadikalapudi,
Taurya Thanda & Erya
Thanda, Yellandu Area
works in Yellandu
constituency.
29 C21101300047 Providing facilities 2021-22 3 44,00,000 22,78,111 22,78,111 ongoing
like constrcution of
community halls,
dressing rooms,
toilets for ladies and
gents and railing for
Divyangs (Physically
Handicapped) to move
towards the Godavari
River at the villages
of Kondaigudem,
Ramanujavaram
in Manuguru
Area, Bhadradri
Kothagduem
30 C21101300061 Wideninig of BT 2021-22 3 2,00,00,000 1,06,99,821 1,66,99,821 ongoing
roads from Ambedkar
center to Government
Junior college with
divider, paver blocks
and central lighting in
Manuguru

1 2 3 4 5 6 7 8 9
31 C21102100016 Rural Developent 2021-22 3 2,00,00,000 - 6,000,000 ongoing
works in Dham-
mannapet village of
Dharmapuri assembly
constituency
32 C21102100019 Rural Development 2021-22 3 30,00,000 9,00,000 9,00,000 ongoing
internal CC roads
in Medipalli Village
of Ramagundam
Constituency
works in the villages of
Jagtial and Peddapalli
Districts.
34 C21102100084 Construction of Mul- 2021-22 3 2,00,00,000 - 60,00,000 ongoing
tipurpose community
hall in Siddipet
35 C21102200049 Construction of Bus 2021-22 3 3,19,000 1,83,600 1,83,600 ongoing
Shelter in Dubbapalli
village of Manthani
Mandal
36 C21102300048 Rural Developmnet 2021-22 3 2,00,00,000 1,40,00,000 2,00,00,000 com-
works in villages of pleted
Manthani Constituency
37 C21102300051 Development works 2021-22 3 26,28,562 5,21,294 5,21,294 ongoing
such as construction of
bus shelter, new park
in Ratnapur Village
and avenue plantation
in Ladnapur village
38 C21102300054 Rural Development 2021-22 3 2,00,00,000 80,00,000 1,40,00,000 ongoing
works in villages of
Manthani constituency
39 C21102300075 Laying of approach 2021-22 3 10,00,000 - - ongoing
road to agriculture
fields in Uppatla village
of Peddapalli District.
works in Bhupalapally
Assembly Constituen-
cy under SCCL CSR

1 2 3 4 5 6 7 8 9
roads, borewells and
construction of com-
munity halls in villages
of Mulugu Assembly
constituency
42 C21102400055 Rural Devlopment 2021-22 3 2,00,00,000 - 60,00,000 ongoing
works in Rayaparthy
and Peddavangara
Mandals of
Palakurthy Assembly
Constitunecy
works in the villages
of Bhupalpalli
Constituency
Asifabad Assembly
Constituency
under SCCL CSR
45 C21103100052 Rural development 2021-22 3 2,00,00,000 - 60,00,000 ongoing
Bellampalli assembly
constituency
46 C21109100033 Infrastructure devel- 2021-22 3 2,60,320 2,36,000 2,36,000 ongoing
opment works such
as supply, erecction,
testing & commission-
ing of solar LED street
lighting system for Go-
davari river approach
road at surrounding
villages of Singareni
Thermal Power
Project (STPP)
47 C21992100053 Laying CC roads, un- 2021-22 3 2,00,00,000 60,00,000 60,00,000 ongoing
der ground drainages
in various divisions of
Ramagundam Munici-
pal Corporation
Total 41,26,95,282 11,20,95,929 17,76,45,929

9 (C) Details of CSR amount in the FY 2022-23 of the FY 2020-21 for which provision is made: Annexure-E
1 2 3 4 5 6 7 8 9
Sl. Project ID CSR activity Financial Proj- Total Amount Cumula- Status of
No Year in ect amount allo- spent on the tive amount the proj-
which the dura- cated for the project in spent at ect - Com-
project tion project for the report- the end of pleted/
was com- the project ing Finan- reporting Fi- ongoing
menced (in Rs.) cial Year(in nancial Year
Rs.) (in Rs.)
1 C20023400090 Certain works such as 2020-21 1,50,00,000 70,65,503 1,15,65,503 ongoing
construction of Library,
additional class rooms,
kitchen shed, toilets
and compound walls to
Govt Schools in Nirmal
District.
2 C20101100051 Laying BT roads in Ko- 2020-21 2,00,00,000 1,38,74,891 1,98,74,891 ongoing
thagudem Constituency.
3 C20012300087 Procurement and com- 2020-21 8,00,000 - 2,06,500 ongoing
missioning of 1000
Litres/Hour RO plant at
Akkepally village.
4 C20012300088 Procurement and 2020-21 6,00,000 1,61,358 2,55,569 ongoing
commissioning of 250
Litres/Hour RO plant at
Mulkalapally village.
5 C20012400074 Preventive measures/ 2020-21 1,18,000 - - ongoing
purchase of certain
items about the pan-
demic CORONA Virus
(Covid-19).
6 C20012400014 Procurement of Dispos- 2020-21 5,00,000 - 4,78,767 ongoing
able items, Medicines
etc. to meet the emer-
gency situation arised
due to COVID-19.
7 C20011300083 Purchase of items 2020-21 1,00,000 - 93,802 ongoing
required for preventive
measures to be taken
to curtail the spread
of COVID-19 at Area
Hospital, Manuguru.
8 C20011100078 Providing drinking water 2020-21 4,00,000 - - ongoing
points during summer
season in Sathupalli
and surrounding vil-
lages of JVR Open Cast
project.

1 2 3 4 5 6 7 8 9
Rs.) (in Rs.)
9 C20101300084 Development works 2020-21 13,00,000 - - ongoing
such as construction
of compound wall, re-
pairs to School buildings
in Bugga, Khammam
Thogu villages and con-
struction of water tank
for school, bore hand
pumps in Bugga village
of Manuguru Area.
10 C20013100075 COVID-19 – Catering 2020-21 2,06,459 - 2,03,700 ongoing
food arrangements to
quarantine center at Go-
leti.
11 C20013200082 COVID-19 - Precaution- 2020-21 3,00,000 - 2,55,694 ongoing
ary measures to control
the spread of Novel Co-
rona Virus (Covid-19).
12 C20011300085 Procurement of masks 2020-21 3,45,000 - 2,17,827 ongoing
to all the employees
and their dependants of
Manuguru Area in view
of Covid-19.
13 C20013400091 Providing 2 Nos of 3KL 2020-21 5,00,000 - - ongoing
capacity tractor mount-
ed tankers on hire ba-
sis for supply of drinking
water to Guttedarpalli &
Singapur villages for a
period of six months.
14 C20012300089 Precautionary mea- 2020-21 2,00,000 - 1,92,895 ongoing
sures in view of Novel
corona virus (Covid-19)
– providing of masks,
sanitizers etc. to each
employee and their fam-
ily members of Rama-
gundam-III Area.

1 2 3 4 5 6 7 8 9
Rs.) (in Rs.)
15 C20022300073 Providing Initial Medical 2020-21 7,32,000 - - ongoing
Examination and
imparting training free
of cost to the Project
Displaced Families/
Project Affected Families
of Adriyala Project Area.
16 C20021100079 Construction of shed at 2020-21 9,00,000 - - ongoing
ZP high school, NTR
Nagar, Sathupalli.
17 C20012200072 Procurement and fixing 2020-21 3,00,000 1,11,510 2,55,894 ongoing
of 500 LPH RO plant at
Penchikalpet village.
18 C20013100076 Drilling 5 Nos of hand 2020-21 5,00,000 1,94,105 1,94,105 ongoing
borewells in Goleti
Gramapanchayat.
19 C20021200092 Construction of 2020-21 1,00,00,000 14,64,100 1,00,00,000 completed
Library building in
Mahabubabad District
Head Quarters.
20 C20102300012 Laying CC roads, 2020-21 1,50,00,000 45,00,000 1,50,00,000 completed
community halls, central
lighting system and
underground drainages
in various villages of
Manthani assembly
constituency.
21 C20101100080 Construction of Pan- 2020-21 25,00,000 - - ongoing
chayat Office build-
ing at Kistaram village
& Gramapanchayat of
Sathupalli Mandal.
22 C20101100081 Supply of LED street 2020-21 10,00,000 - - ongoing
lights to Kistaram,
Rejerla etc. villages of
Sathupalli Mandal.

1 2 3 4 5 6 7 8 9
Rs.) (in Rs.)
23 C20101100021 Providing bore wells, 2020-21 60,00,000 22,42,591 51,96,398 ongoing
tree guards and LED/
tube lights for street
lighting etc. in the
surrounding Grama
panchayats of VK-7
Mine and GKOC project
of Kothagudem Area.
24 C20012400013 Drilling of bore well at 2020-21 26,405 - - ongoing
Gaddiganipalli village
(Project affected area)
near KTKOC-II project,
Bhupalpalli. Additional
fund
25 C20012400041 Drilling of 15 Nos 2020-21 34,00,000 - 23,11,180 ongoing
bore wells in KTKOC-
II, KTKOC-III project
affected villages and
Bhupalpalli Municipality
under CSR.
26 C20101100080 Construction of Pan- 2020-21 75,00,000 - - ongoing
chayat Office building
and Primary Agricultural
Co-operative Society
building with godown
at Kistaram village &
Gramapanchayat of
Sathupalli Mandal.
27 C20019100031 Maintenance and 2020-21 35,00,000 14,69,652 21,95,831 ongoing
repairs to Community
Health Center building
at Chennur.
28 C20021200002 Providing dual desk 2020-21 4,18,000 1,44,988 3,81,988 ongoing
benches with back rest
and repairs for two
sheds of Govt Junior
College, Karepally
Mandal of Khammam
District.

1 2 3 4 5 6 7 8 9
Rs.) (in Rs.)
29 C20991000071 Infrastructure and other 2020-21 1,00,00,000 70,00,000 1,00,00,000 completed
development works
such as Community
halls, additional class
rooms, library building,
greenery development
etc. in the villages of
Suryapet and Athmakur
Mandals of Suryapet
District.
30 C20072100086 Development of 2020-21 50,00,000 - 15,00,000 ongoing
Ambedkar Stadium
in Metpally Mandal of
Jagtial District.
31 C20022000011 Providing infrastructure 2020-21 50,00,000 - 15,00,000 ongoing
facilities for Three(3)
classrooms along with
restrooms for Under-
graduate programme
at Dept. of ECE(A),
Osmania University of
Hyderabad.
32 C20051200093 Purchase of books, 2020-21 5,00,000 - - ongoing
magazines and other
study material for
Yellandu Library.
33 C20013100077 Drinking water facility, 2020-21 10,00,000 - - ongoing
sanitation and internal
roads in Bellampalli
constituency.
34 C20032400061 Maintenance of CCTV 2020-21 10,00,000 10,00,000 10,00,000 completed
cameras installed in
central Zone Warangal
City Limits for safety
and security of public.
Total 11,46,45,864 3,92,28,698 8,28,80,544

9 (c) Details of CSR amount spent in the FY 2022-23 of the FY 2019-20 for which provision is made: Annexure-F
1 2 3 4 5 6 7 8 9
S. Project ID Name of the Project Financial Proj- Total Amount Cumula- Status
No Year in ect amount spent on tive amount of the
which the dura- allocated the proj- spent at project
project tion for the ect in the the end of - Com-
was com- project for reporting reporting Fi- pleted/
menced the project Financial nancial Year ongoing
(in Rs.) Year (in Rs.) (in Rs.)
1 C19101100098 Supply of LED street lights 2019-20 9,75,000 - 8,61,836 ongoing
under CSR to Kakarla-
palli, Lingapalem, Kotha
Lankapalli and Thallamada
villages of Sathupalli.
2 C19021100064 Providing of textbooks, 2019-20 50,000 12,300 49,800 ongoing
shoes, belts etc. for 45
poor students of Mandal
Parishad Primary School of
Kistaram (v), Sathupalli.
3 C19101100065 Renovation of conference 2019-20 12,50,000 - 10,94,075 ongoing
hall in 1st floor of Nyaya
Seva Sadan, Building in
the District Court Complex,
Khammam.
4 C19101100065 Certain additional enhanced 2019-20 2,50,000 - - ongoing
work for renovation of
conference hall in first
floor of Nyaya Seva Sadan
building in District Court
Complex, Khammam.
5 C19021100066 Providing financial aid 2019-20 60,000 30,000 50,000 ongoing
towards payment of
Honorarium for hired Hindi
Teacher of Z.P.S.School
Rejerla village, Sathupalli
Mandal.
6 C19021100067 Providing CC path ways, 2019-20 14,00,000 9,12,940 9,12,940 ongoing
renovation of girls toilets,
extension of store shed,
seating for dining, water
supply arrangements etc.
to Govt. School at Rejarla
village, Sathupalli.
7 C19101100068 Renovation/repair works 2019-20 7,85,000 - 7,09,535 ongoing
to community hall such as
CC path way, toilet repair,
wall over the stage, water
supply arrangements
etc. at Ambedkar Colony,
Penagadapa village.

1 2 3 4 5 6 7 8 9
8 C19101100054 Laying CC roads in villages 2019-20 2,00,00,000 1,12,58,056 1,72,58,056 ongoing
and Mandals of Sathupalli
Assembly constituency.
9 C19043200069 Raising and first year 2019-20 1,16,00,000 - 56,36,240 ongoing
maintenance of Avenue
plantations (8.0 Km)with
tall plants along the Inter-
nal roads & Approch roads
of Amma garden area
10 C19103200070 Construction of integrated 2019-20 1,50,00,000 - - ongoing
market at Chennur
Municipality of Chennur
Assembly Constituency.
11 C19103200071 Development works such as 2019-20 2,00,00,000 83,16,320 1,52,63,438 ongoing
CC/BT Roads, Construction
of open GYM, providing
Hy-Mast Solar light,planting
treas in Bellampalli
Assembly Constituency
12 C19019100072 Drilling bore wells in the 2019-20 49,54,000 - 28,84,789 ongoing
surrounding villages
of Singareni Thermal
Power Project under CSR
programme.
13 C19029100073 Imparting Fireman Training 2019-20 10,53,384 - 3,76,300 ongoing
Course to land losers/locals
of Singareni Thermal Power
Project through Telangana
State Fire Service Training
Institute, Hyderabad.
14 C19109100074 Providing of central lighting 2019-20 50,00,000 - - ongoing
and central divider on old
NH road from Ginning Mill
to IB from KM 205/120 to
205/600 and central light-
ing from IB to Ambedkar
Chowrastha from KM 0/0
to 0/100 in Chennur town
& Providing of central light-
ing from IB to Ambedkar
Chowrastha from KM 0/100
to 0/600 in Chennur town.

1 2 3 4 5 6 7 8 9
15 C19102100077 Development works such 2019-20 31,50,000 - 20,39,211 ongoing
as laying roads, drilling
bore wells, installation
of R.O. Plants, providing
tube lights etc., around
neighbouring villages of
Ramagundam-I Area under
CSR Programme.
16 C19102100106 Providing ground 2019-20 20,00,000 - 20,00,000 ongoing
levelling work & parade
wall constructin etc. for
new parade ground and
furniture for Police Stations
in Ramagundam Police
Commissionerate.
17 C19022100061 Construction of Additional 2019-20 2,00,00,000 1,40,00,000 2,00,00,000 ongoing
Class rooms and additional
toilets in Z.P. High Schools
of Dharmapuri assesbly
constituency
18 C19102100062 Laying of CC roads and 2019-20 2,00,00,000 10,00,000 1,50,66,667 ongoing
construction of under-
ground drainages in vari-
ous divisions of Ramagun-
dam Muicipal Corporation
19 C19103100078 Infrastructure development 2019-20 1,600,000 - - ongoing
works such as Roads,
Borewells, Toilets and
Washrroms in the
surrounding villages of
Bellampally Area
20 C19103100079 Development works such 2019-20 2,00,00,000 - 59,85,000 ongoing
as Laying of CC Roads,
Side drains, Construction
of Bus shelters,
Community Halls and
providing compound walls,
Kitchen Sheds to schools
in Asifabad Assembly
constituency

1 2 3 4 5 6 7 8 9
21 C19103400080 Construction of CC roads 2019-20 21,33,900 - 20,26,077 ongoing
and supply of Furniture
for publice meeting hall in
Hon’ble MLA Camp Office
in Mancherial
22 C19103400081 Laying of CC Roads, 2019-20 1,80,00,000 23,40,697 1,32,41,851 ongoing
Construction of side drains,
bus shelters,toilets and
providing water supply
arangements,hymast light-
ing etc in villages and Man-
cherial town of mancherial
assembly constituency
23 C19013400083 Providing repairs to wash 2019-20 3,20,000 - 2,10,431 ongoing
rooms at Upper primary
school of Tekumetla(v)
of Jaipur(m),Mancherial
Dist,TS. Provision made
Rs. 35400.00 doc.
no.21037416,dt.31.3.2020
24 C19073400104 Support to Telangana State 2019-20 1,50,000 - - ongoing
level Badminton Associa-
tion for organising Tourna-
ment at Mancherial town
25 C19011200085 Providing 20 bore wells 2019-20 16,00,000 - - ongoing
for drinking water in the
Koyagudem Open Cast
Project-III and Thadika-
lapudi Railway siding of
Yellandu Area.
26 C19011200086 Providing of R.O plant one 2019-20 4,00,000 - - ongoing
each at Erya and Thavurya
Thandas.
27 C19101200087 Providing certain infra- 2019-20 53,90,000 30,23,691 38,06,607 ongoing
structure facilities such as
roads, bore wells, R.O
plants etc. at Thadikala-
pudi village, near Yellandu.
(8700012619)

1 2 3 4 5 6 7 8 9
28 C19101200051 Development activities 2019-20 20,00,000 6,11,358 12,08,358 ongoing
such as renovation works
and providing toilets in
Govt. Junior and Degree
colleges of Yellandu - Pro-
viding R.O mineral water
plant at Old bus stand, Yel-
landu and at Bethampudi
Darga, Tekulapalli Mandal.
29 C19101200053 Providing infrastructure 2019-20 20,00,000 6,31,921 12,28,921 ongoing
for the public/visitors at
Hon’ble MLA camp office,
Yellandu Constituency.
30 C19101200052 Construction of stone 2019-20 1,04,00,000 69,34,249 1,00,54,249 ongoing
masonary dividers and
providing central lighting in
Tekulapally Mandal head-
quarters limits on Tekula-
pally – Gundala road from
KM 0/0 – 1/0 in Bhadradri
Kothagudem District.
31 C19041300088 Providing of tree guards for 2019-20 15,00,000 - 5,90,000 ongoing
avenue plantation in differ-
ent parts of Manuguru and
surrounding villages.
32 C19041300089 Plantation at Govt.ITI 2019-20 1,00,000 - - ongoing
campus and Court cam-
pus, Manuguru under CSR.
33 C19041300031 Providing Iron fencing 2019-20 5,00,000 - 2,03,610 ongoing
with Main gate around
the premises of Court
of Judicial Magistrate of
First Class, Manuguru to
safe guard the plants and
to fill up the OB in the
premises of the Court for
plantation.
34 C19011300090 Providing washrooms 2019-20 5,00,000 - 2,23,574 ongoing
for the public/visitors at
Hon’ble MLA camp office,
Pinapaka Constituency.

1 2 3 4 5 6 7 8 9
35 C19101300001 Construction of CC roads 2019-20 1,91,00,000 20,89,419 1,85,99,799 ongoing
and side drains in Grama-
panchayats of Manuguru
Mandal, Pinapaka Assem-
bly constituency.
36 C19012400095 Providing drinking water 2019-20 36,00,000 - 7,44,982 ongoing
facility to the villages of
Baswarajpalli, Dhar-
maraopet, Venkateswarpal-
li, Parshurampalli, Naga-
rampalli and Gollapalli
including their Hamlets of
Bhupalpalli during sum-
mer period (01.04.2019
to 30.06.2019) by hired
tractor tankers under CSR.
37 C19012400099 Extending ophthalmology 2019-20 4,58,000 - 39,600 ongoing
services such as cataract
surgeries and providing
spectacles to people of
KTK-OC-III project, Bhu-
palpalli Area.
38 C19102400011 Development works such 2019-20 50,00,000 11,13,955 49,98,516 ongoing
as construction of bus shel-
ter, LED street lighting and
furniture to school build-
ing etc. at project affected
villages of KTK OC-III
Project (Baswarajupalli and
Parasurampalli) hamlet
of Dharmaraopet village,
Ghanpur (M), Jayashankar
Bhupalpalli District.
39 C19022400012 Providing basic amenities 2019-20 9,65,000 - 8,45,313 ongoing
and infrastructure such as
painting to school, construc-
tion of stage, fans, chairs,
tables and R.O plants etc. to
the ZP High School, Jange-
du village near to KTKOC-II
project, Bhupalpalli Area.

1 2 3 4 5 6 7 8 9
40 C19992400022 Construction of swimming 2019-20 1,50,00,000 1,07,71,766 1,46,47,103 ongoing
pool for sports persons be-
hind Bus depot of Bhupal-
pally town and construction
of public review meeting
hall over MLA camp office
building at Bhupalpally.
41 C19101300093 Providing LED lights for 2019-20 5,00,000 - - ongoing
SCCL project affected vil-
lages of Ramagiri Mandal.
42 C19042300021 Development of greenery 2019-20 2,46,00,000 47,02,707 1,94,70,093 ongoing
in Manthani Muncipality
by SCCL through raising
of avenue plantation in all
the approach roads/inter-
nal roads, beautification
of medians & landscap-
ing of traffic islands and
strip plantation in vacant
patches during 2019 plant-
ing season
43 C19102300013 Certain works such as 2019-20 1,50,00,000 60,00,000 1,05,00,000 ongoing
providing furniture, solar
system to Anganwadi
schools, and community
halls in various Mandals of
Manthani Constituency.
Total 27,83,44,284 7,37,27,433 19,28,05,025

Free Vocational Training

programs conducted
for unemployed tribal
youth near
Singareni Areas
by Singareni
Sewa Samiti
Women Empowerment :
Various self employment
training programs
conducted for women
Roads and street

lighting provided
under CSR activities

Annexure-II
Form No: AOC-2
[Pursuant to Clause (h) of sub-Section(3) of Section 134 of the Act and
Rule 8(2) of the Companies (Accounts) Rules, 2014]
Form for disclosure of particulars of contracts/ arrangements entered into by the Company with related parties
referred to in sub-Section (1) of Section 188 of the Companies Act, 2013 including certain arms length transactions
under third proviso thereto.
1. Name of the related party and nature of relationship:

Andhra Pradesh Heavy Machinery & Engineering Limited - Subsidiary Company.
2. Details of contracts, value, duration of the contract from 1.4.2022 to 31.3.2023 at arms length basis;
Date of Nature & duration of manner of

Description of contract/ order Net Value (Rs.)
contract/ order contract determination of price
1 Orders / contracts placed for purchase Each order / contract 23,55,61,641.21 Orders against open
of various equipment, spares, services has separate period tenders on L1 basis
at different dates during 2022-23
2 Orders / contracts placed for purchase Each order / contract 7,98,94,961.27 Orders on proprietary
of various equipment, spares, services has separate period basis
Total 31,54,56,602.48
3. Details of contracts, value, duration of the contract from 1.4.2022 to 31.3.2023 not at arms length basis;
Date of Nature & duration of manner of

Description of contract/ order Net Value
contract/ order contract determination of price
Orders / contracts placed for purchase
Each order / contract Orders on nomination
1 of various equipment, spares, services 6,01,04,571.03
has separate period basis
4. Date of approval of Board for transactions not on arm’s length basis:

29.07.2022 & 14.07.2023
5. Amount paid as advance, if any :

NIL
6. Date on which the special resolution was passed in general meeting as required under first proviso to
Section 188:
Not applicable
7. Justification for above contracts / orders :

APHMEL is a subsidiary company of the SCCL.
Sd/-
Date : 14.07.2023
Place : Hyderabad.

Annexure-III
K. V. CHALAMA REDDY Plot No. 8-2-603/23/3 & 8-2-603/23, 15,
B.Sc., LL,B., F.C.S., 02nd Floor, HSR Summit, Banjara Hills,
Road No. 10, Hyderabad -500034
Practising Company Secretary
Ph: 9848014503
M. No.: F 9268, C.P.No.5451
e-mail: [email protected]
SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED 31-3-2023
FORM NO. MR .3
(Pursuant to Section 204 (1) of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014)
To
The Members,
The Singareni Collieries Company Limited,
Kothagudem Collieries.
I have conducted Secretarial Audit pursuant to Section 204 of the Companies Act 2013, on the compliance of
applicable Statutory Provisions and the adherence to good corporate practices by The Singareni Collieries Company
Limited, (hereinafter called as “the Company”). Secretarial Audit was conducted in a manner that provided us a
reasonable basis for evaluating the corporate conducts/statutory compliances and expressing our opinion thereon.
1. Based on our verification of the books, papers, minute books, forms, returns filed and other records maintained
by the Company and also the information and according to the examinations carried out by me and explanations
furnished and representations made to me by the Company, its officers, agents and authorized representatives
during the conduct of Secretarial Audit, I hereby report that in my opinion, the Company has during the audit
period covering the Financial Year ended on 31st March, 2023 complied with the statutory provisions listed
hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the
extent, in the manner and subject to the reporting made hereinafter.
2. I have examined the books, papers, minute books, forms and returns filed and other records maintained by the
Company for the financial year ended on 31st March, 2023(“Audit Period”) according to the provisions of:
i. The Companies Act, 2013 (the Act) and the rules made thereunder;
ii. The Depositories Act, 1996 and regulations made thereunder ;
iii. Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent
of Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings - Not
Applicable during the audit period.
iv. The Securities Contracts (Regulation) Act, 1956 and rules made thereunder: Not applicable being the
unlisted Company.
v. The Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992
(‘SEBI Act’): Not applicable being the unlisted Company.
vi. The Company is into the business of mining and sale of coal, power generation and sale. Accordingly, the
following major industry specific Acts and Rules are applicable to the Company, in view of the Management:

a. Mines Act, 1952 and Rules & regulations made thereunder.

b. Coal Mines Provident Fund& Miscellaneous Provisions Act, 1948.
c. The Environment (Protection) Act, 1986.
d. The Forest (Conservation) Act, 1980.
e. Mines and Minerals (Development & Regulation) Act, 1957 and Rules & Regulations made thereunder.
f. Cess and other Taxes on Minerals (Validation) Act, 1992.
g. The Coal Mines (Nationalization) Act, 1973.
h. Coal Mines Pension Scheme, 1998.
i. Land Acquisition Act, 1894.
j. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement
Act, 2013.
k. Essential Services Maintenance Act, 1971
l. Mines and Minerals Act 1957 and Rules & regulations made thereunder.
m. Explosive Substance Act, 1908 and Rules & regulations made thereunder.
n. The Coal Bearing Areas Act, 1957.
o. National Minerals Policy, 1993.
p. Coal Mines Conservation and Development Act, 1974 and Rules & regulations made thereunder.
q. The Explosives Act, 1884 and Rules and notifications made thereunder.
r. The Electricity Act, 2003 and Rules & regulations made thereunder.
vii. I have also examined compliance with Secretarial Standards issued by the Institute of Company Secretaries
of India in respect of Board and General Meeting(s) of the Company.
viii. During the period under review, the Company has complied with the provisions of the applicable Acts,
Rules, Regulations, and Guidelines etc. as mentioned above except to the extent as mentioned below:
a. The Company has not appointed requisite number of Independent Directors as prescribed under
the provisions of Sub-section (4) of Section 149 of the Companies Act, 2013.
In this regard the management informed that vide Notification No.GSR 163 (E) dt.5th June, 2015
of Ministry of Corporate Affairs, Govt. of India, the responsibility for appointment of Independent
Directors on the Board of Govt. Companies was shifted from Board of Directors of the Company
to Ministry or Department of the Central / State Government, as the case may be.
b. The Company has Audit Committee without Independent directors as prescribed under the
provisions of Section 177 of the Companies Act, 2013.
c. The Company has constituted Corporate Social Responsibility (C S R) Committee without
Independent director as prescribed under the provisions of Section 135 of the Companies Act,
2013.
d. Vide Lr.No.21/3/2011-ASO/BA/Estt, dt.22.02.2023 Ms. Santosh, Deputy Director General, MoC,
Govt., of India was appointed as part-time Director on the Board of SCCL. As such, the provisions
of 2nd proviso to Section 149 of the Act, read with Rule 3 of the Companies (Appointment and
Qualification of Directors) Rules 2014, SCCL regarding appointment of one Woman Director has
been complied w.e.f 22.02.2023.

e. The Company has not constituted Nomination and Remuneration Committee as prescribed
under the provisions of Section 178 of the Companies Act, 2013.
f. SCCL has been complying with the provisions of EIA Notification, 2006, its subsequent
amendments and obtaining Environmental Clearance from MoEF&CC, New Delhi for New
/ Expansion / Modernization of Coal Mining Projects. Some of the Mines are under violation
category for which regularisation is under process.
3. I, further report that:
a. The Board of Directors of the Company is constituted with executive and non-executive directors without
requisite number of independent directors as stated elsewhere in the report. The changes in the composition
of the Board of Directors that took place during the year under review were carried out in compliance with
the provisions of the Act.
b. Adequate Notice is given to all the Directors to schedule the Board Meetings, agenda and detailed notes
on agenda were sent at least 7 days in advance. Wherever the notes on agenda were sent with less than
7 days prior to the meeting, the same were taken up by the Board for consideration with the consent of all
Members present in the meeting and permission of the Chairman & Managing Director of the Company.
There is adequate system for seeking and obtaining further information and clarifications on the agenda
items before the meeting and meaningful participation at the meeting. Board decisions are carried through
unanimously except in the following proposals for which views of dissenting members are captured and
recorded;
i. In the 561stmeeting held on 08.04.2022,forItem No: 561:5.14 i.e., Amendment to Rule No.6(c) (ii) & 6(c)
(iii) with regard to Local reservation in recruitments pertaining to Executive cadre and Non-Executive
cadre posts.
ii. In the 563rdmeeting held on 29.07.2022, for Item No: 563:5.14 i.e., to pay management’s contribution
towards CMPF @12% during 61st year and to pay the same to the employees on attaining the age of
superannuation of 61 years and for Item No: 563:5.15 i.e., waiver of interest of Rs.1232 Crores as on
31.05.2022 on delayed payments of dues by TSGENCO.
iii. In the 565thmeeting held on 08.12.2022, for Item No: 565:4.1 i.e., Payment of Special Incentive @
30% of net profit for the financial year 2021-22 and for Item No: 565:5.17 i.e., Implementation of 10%
reservations for Scheduled Tribes in recruitments and promotions in accordance with the Telangana
State GO Ms. No.33 dated 30.09.2022.
4. I,further report that there exists adequate systems and processes in the Company that are commensurate
with the size and operations of the Company to monitor and ensure compliance with all applicable laws, rules,
regulations and guidelines.
5. I, further report that during the audit period, there were no specific events/actions having a major bearing on the
Company’s affairs in pursuance of the above referred laws, rules, standards etc., referred above.
Sd/-
(K.V. Chalama Reddy)
Place : Hyderabad Practising Company Secretary
Date : 25.08.2023 M.No: F 9268, C.P.No.: 5451.
PR No.:2301/2022
UDIN Number : F009268E000864892
This report is to be read with my letter of even date which is given as Annexure ‘A’ and forms an integral part of this
report.

Annexure-A
To,
The Members,
The Singareni Collieries Company Limited.,
My report of even date is to be read along with this letter.
1. Maintenance of secretarial records is the responsibility of the management of the Company. My

responsibility is to express an opinion on these secretarial records based on our audit.
2. I have followed the audit practices and processes as were appropriate to obtain reasonable assurance
about the correctness of the contents of the Secretarial records. The verification was done on test
basis to ensure that correct facts are reflected in secretarial records. I believe that the processes and
practices,I followed provide reasonable basis for our opinion.
3. I have not verified the correctness and appropriateness of financial records and Books of Accounts of
the company.
4. Wherever required, I have obtained the Management representation about the compliance of laws,
rules and regulations and happening of events etc.
5. The compliance of the provisions of Corporate and other applicable laws, rules, regulations, standards
is the responsibility of management. Our examination was limited to the verification of procedures on
test basis.
6. The Secretarial Audit report is neither an assurance as to the future viability of the Company nor of the
efficacy or effectiveness with which the management has conducted the affairs of the company.
Sd/-
(K.V.Chalama Reddy)
Place : Hyderabad Practising Company Secretary
Date : 25.08.2023 M.No: F 9268, C.P.No.: 5451.
PR No.:2301/2022
UDIN Number : F009268E000864892

Annexure-III
Management replies to the observations of Secretarial Auditor in his report
for the year 2022-23
Secretarial Auditor’s Report Management reply on the audit observations
(Pursuant to Section 204 (1) of the Companies Act, 2013 and (Under Section 134(3)(f)(ii) of the Companies Act,
the Rule 9 of the Companies (Appointment and Remuneration of 2013)
Managerial Personnel) Rules, 2014)
To
The Members,
I have conducted Secretarial Audit pursuant to Section 204 of the
Companies Act 2013, on the compliance of applicable Statutory
Provisions and the adherence to good corporate practices by The
Singareni Collieries Company Limited., (hereinafter called as “the --
Company”). Secretarial Audit was conducted in a manner that
provided us a reasonable basis for evaluating the corporate conducts/
statutory compliances and expressing our opinion thereon.
1. Based on our verification of the books, papers, minutes
books, forms, returns filed and other records maintained
by the Company and also the information and according
to the examinations carried out by me and explanations
furnished and representations made to me by the Company,
its officers, agents and authorized representatives during
the conduct of Secretarial Audit, I hereby report that in my
opinion, the Company has during the audit period covering
--
the Financial Year ended on 31st March, 2023 complied with
the statutory provisions listed hereunder and also that the
Company has proper Board-processes and compliance-
mechanism in place to the extent, in the manner and subject
to the reporting made hereinafter.
2. I have examined the books, papers, minute books, forms
and returns filed and other records maintained by the
--
Company for the financial year ended on 31st March, 2023
(“Audit Period”) according to the provisions of:
i. The Companies Act, 2013 (the Act) and the rules made
--
thereunder;
ii. The Depositories Act, 1996 and regulations made
--
thereunder ;
iii. Foreign Exchange Management Act, 1999 and the
rules and regulations made thereunder to the extent of
Foreign Direct Investment, Overseas Direct Investment --
and External Commercial Borrowings - Not Applicable
during the audit period.

iv. The Securities Contracts (Regulation) Act, 1956 and

rules made thereunder: Not applicable being the --
unlisted Company.
v. The Regulations and Guidelines prescribed under
the Securities and Exchange Board of India Act,
--
1992 (‘SEBI Act’): Not applicable being the unlisted
Company.
vi. The Company is into the business of mining and sale
of coal, power generation and sale. Accordingly, the
following major industry specific Acts and Rules are
applicable to the Company, in view of the Management:
a. Mines Act, 1952 and Rules & regulations made
thereunder.
b. Coal Mines Provident Fund & Miscellaneous
Provisions Act, 1948.
c. The Environment (Protection) Act, 1986.
d. The Forest (Conservation) Act, 1980.
e. Mines and Minerals (Development & Regulation)
Act, 1957 and Rules & Regulations made thereunder.
f. Cess and other Taxes on Minerals (Validation) Act,
1992.
g. The Coal Mines (Nationalization) Act, 1973.
h. Coal Mines Pension Scheme, 1998.
i. Land Acquisition Act, 1894. --
j. The Right to Fair Compensation and Transparency
in Land Acquisition, Rehabilitation and Resettlement
Act, 2013.
k. Essential Services Maintenance Act, 1971
l. Mines and Minerals Act 1957 and Rules &
regulations made thereunder.
m. Explosive Substance Act, 1908 and Rules &
regulations made thereunder.
n. The Coal Bearing Areas Act, 1957.
o. National Minerals Policy, 1993.
p. Coal Mines Conservation and Development Act,
1974 and Rules & regulations made thereunder.
The Explosives Act, 1884 and Rules and notifications
made thereunder.
The Electricity Act, 2003 and Rules & regulations made
thereunder.
vii. I have also examined compliance with Secretarial
Standards issued by the Institute of Company
--
Secretaries of India in respect of Board and General
Meeting(s) of the Company of India.
viii. During the period under review, the Company has
complied with the provisions of the applicable Acts,
Rules, Regulations, and Guidelines etc. as mentioned
above except to the extent as mentioned below:

a. The Company has not appointed requisite number In accordance with the provisions of Sub-section
of Independent Directors as prescribed under the (4) of Section 149 of the Companies Act, 2013 read
provisions of Sub-section (4) of Section 149 of the with Rule 4 of the Companies (Appointment and
Companies Act, 2013. qualification of Directors) Rules 2014, SCCL shall
In this regard the management informed that vide have at least 2 Directors as Independent Directors.
Notification No.GSR 163 (E) dt.5th June, 2015 of However, Sub-section (2) of Section 177 (2) of the Act
says that majority of members of the Audit Committee
Ministry of Corporate Affairs, Govt. of India, the
shall be Independent Directors. Since SCCL Audit
responsibility for appointment of Independent
Committee comprises 5 members and to have majority
Directors on the Board of Govt. Companies was
of Independent Directors as Members, SCCL needs
shifted from Board of Directors of the Company
to appoint 3 Independent Directors before 31.03.2015
to Ministry or Department of the Central / State as stipulated under the Act.
Government, as the case may be. Further, in accordance with the provisions of 2nd
proviso to Section 149 of the Act, read with Rule 3
of the Companies (Appointment and Qualification of
Directors) Rules 2014, SCCL shall appoint at least
one Woman Director before 31.03.2015.
Status in SCCL:
i) The aforesaid provisions were apprised to the
Board in the 524th meeting held on 27.09.2014
and with the approval of the Board a letter dated
20.02.2015 was sent to Secretary, Energy dept.,
from Director (Finance), SCCL requesting the
Govt. of Telangana to take suitable decision
with regard to appointment of three Independent
Directors and one Woman Director on the Board
of SCCL before 31.03.2015 and recommend the
same to the Govt. of India for concurrence.
ii) Later, letter was written by C&MD, SCCL to
Secretary, Energy dept., Govt. of Telangana on
13.05.2015 requesting to take suitable action for
appointment of Independent & Woman Directors
on the Board of the SCCL as the same has been
made mandatory w.e.f., 01.04.2015 under the
provisions of the Companies Act, 2013.
iii) The Board in the meeting held on 22.08.2015
while reviewing the compliance of laws directed
to send a reminder to Energy Dept., Govt.
of Telangana for expediting appointment of
Independent & Woman directors. Accordingly a
letter dated 29.10.2015 was sent to Secretary,
Energy Dept., from C&MD, SCCL.
Again vide letter No.CMD/PS/H/67, dt.04.06.2016
from C&MD, SCCL addressed to Prl. Secretary,
Energy Dept., Govt. of Telangana, it was once again
requested to expedite appointment of Independent
& Woman Directors keeping in view that more than
one year time already elapsed from the stipulated
date for complying with the relevant provisions of
the Companies Act, 2013 and also the observations
made by the Secretarial Auditor of SCCL.

On the issue of appointment of Woman Director, letter

dt.27.03.2017 was issued by RoC, Hyderabad to Prl.
Secretary to Govt., Energy Dept. and the same was
forwarded to SCCL vide letter dt.17.04.2017 of Spl.
Chief Secretary, Energy Dept., Govt. of Telangana
for discussing the same in the Board meeting. It
was also suggested to discuss about appointment
of independent Directors. Pursuant to the same
the Board in the 540th meeting held on 27.05.2017
deliberated the issue and the Board requested the
Govt. of Telangana to take decision on the issue of
appointment of Independent & Woman Directors on
the Board of the SCCL at the earliest keeping in view
the instructions from the Ministry of Corporate Affairs,
Govt. of India as communicated by the Registrar of
Companies, Hyderabad vide letter dt.27.03.2017
as the provisions under the Companies Act, 2013
in this regard were mandatory w.e.f., 01.04.2015.
Accordingly vide letter No.CMD/PS/ H/202 dated
27.06.2017 from C&MD, SCCL addressed to Special
Chief Secretary, Energy dept., Govt. of Telangana,
it was once again requested to take immediate
decision on the issue. Copy of the Board resolution
was also forwarded to Special Chief Secretary.
In the 546th Board meeting held on 25.09.2018 GoI
nominee Director expressed concern on this issue.
Keeping in view of the same, C&MD has written
letter dt.10.11.2018 to Special Chief Secretary,
Energy, GoT duly enclosing Board minute and it was
requested once again to take immediate decision on
the issue.
The Company has constituted Audit Committee and
Corporate Social Responsibility (C S R) Committee
without Independent Directors as Independent
Directors are yet to be appointed by the State
Government.
The Company is required to constitute the Nomination
and Remuneration Committee as per sec-178 (1)
of Companies Act, 2013, but the Nomination and
Remuneration Committee is not constituted as
Independent Directors are yet to be appointed.
As there is inordinate delay in the appointment of
Independent & Woman Directors on the Board of the
SCCL, there are also observations from Auditors,
Parliamentary Committee, one more letter has
been written from C&MD to Special Chief Secretary,
Energy Dept., GoT with a request to expedite the
appointments vide lr.No: CRP/ CS/ 440A/ 227
dt.11.05.2020.

A letter has been written from C&MD to Secretary,

Energy Dept., GoT with a request to expedite the
appointments of Independent & Woman Directors at
the earliest vide lr.No:CMD/PS/H/07 dt.28.01.2021.
A letter has been written from C&MD to Spl. Chief
Secretary, Energy Dept., GoT with a request to
expedite the appointments of Independent & Woman
Directors at the earliest vide lr.No:CMD/PS/H/52
dt.16.05.2022.
Further, a letter has been written vide Lr.No: CMD/
PS/H/126 dt.16.02.2023 from C&MD to Special Chief
Secretary, Energy Dept., GoT once again requesting
to take immediate decision on appointment of
Independent & Woman Directors on the Board of the
SCCL as required under the Companies Act, 2013
vide Lr.No.21/3/2011-ASO/BA/Estt, dt.22.02.2023
Ms. Santosh, Deputy Director General, MoC,
Govt., of India appointed as part-time Director on
the Board of SCCL. As such, the provisions of 2nd
proviso to Section 149 of the Act, read with Rule 3
of the Companies (Appointment and Qualification of
Directors) Rules 2014, SCCL regarding appointment
of one Woman Director has been complied w.e.f
22.02.2023.
b. The Company has Audit Committee without Same as replied to 2 (viii) (a) above. However,
Independent directors as prescribed under the Independent Directors will be nominated to the Audit
provisions of Section 177 of the Companies Act, Committee after their appointment by the State Govt.
2013.
c. The Company has Corporate Social Responsibility Same as replied to point No.2 (viii) (a) above.
(C S R) Committee without Independent director as However, Independent Directors will be nominated to
prescribed under the provisions of Section 135 of the CSR Committee after their appointment by the
the Companies Act, 2013. State Govt.
d. Vide Lr.No.21/3/2011-ASO/BA/Estt, dt.22.02.2023 The provisions of 2nd proviso to Section 149 of the
Ms. Santosh, Deputy Director General, MoC, Govt., Act, read with Rule 3 of the Companies (Appointment
of India was appointed as Director on the Board and Qualification of Directors) Rules 2014, SCCL
of SCCL w.e.f 22.02.2023. As such, the provisions regarding appointment of Woman Director has been
of 2nd proviso to Section 149 of the Act, read complied w.e.f 22.02.2023.
with Rule 3 of the Companies (Appointment and
Qualification of Directors) Rules 2014, SCCL
regarding appointment of one Woman Director has
been complied with.
e. The Company has not constituted Nomination and The Nomination and Remuneration Committee will
Remuneration Committee as prescribed under the be constituted after appointment of Independent
provisions of Section 178 of the Companies Act, Directors by the State Govt.
2013.

f. SCCL has been complying with the provisions of SCCL is complying with the provisions of EIA
EIA Notification, 2006, its subsequent amendments Notification, 2006, its subsequent amendments while
and obtaining Environmental Clearance from obtaining Environmental Clearance from MoEF&CC,
MoEF & CC, New Delhi for New / Expansion / New Delhi for New / Expansion / Modernization of
Modernization of Coal Mining Projects. Some of Coal Mining Projects.
the Mines as cited in management explanation SCCL submitted applications for obtaining Environment
are under violation category and the Management Clearances for mines falling under the violation category
explained that regularization is under process. as per the provisions of SO 804 (E) dated 14th March,
2017 and OM dated 16th March 2018.
MoEF&CC granted ToRs for all 18 mines subject
to submission of an undertaking in the form of an
affidavit to comply with all the statutory requirements
and Hon’ble Supreme Court Judgment dated 2nd
August 2017 in W.P. No. 114/2014 in the matter
of ‘Common Cause vs Union of India & Others’.
Accordingly, SCCL submitted affidavits on 6.3.2019
in line with the Ministry’s OM dated 30.5.2018.
SCCL has taken up preparation of EIA/EMP reports
and other related activities for obtaining Environment
Clearance for all the 18 proposals. The status
of obtaining EC for these proposals is furnished
hereunder:
• Environment Clearance was granted by
MoEF&CC for 8 mines i.e., Cluster of GDK-
1&3, 2&2A and 5 Inclines on 13.11.2020, JVR
OC-I Expansion on 01.02.2021, GK OC Exp. on
20.05.2021, VK-7 Incline on 07.06.2021, JK-5 OC
on 09.06.2022, IK-1A on 17.11.2022, RG OC-I
Exp. Phase-II on 16.01.2023 and GDK-7 LEP on
06.03.2023.
• Environmental Clearance was recommended
for VKP UG mine in the EAC meeting held on
03.03.2022 and Environmental Clearance will
be issued after submission of Stage-I Forest
Clearance.
• Environmental Clearance was recommended
for Medapalli OCP in the EAC meeting held on
17.12.2022. Also, Environmental Clearance
was recommended for Kasipet-1 Incline, RK-6
Incline, RK-5 Incline and RK-8 Incline in the
SEAC meetings held on 15.03.2023, 12.05.2023
and 31.05.2023 respectively. Environmental
Clearance is awaited for these projects.
• Public Hearing was conducted on 21.10.2022 for
Goleti OCP, which is an amalgamation of BPA OC-
II Ext. (Violation mine) and Goleti 1&1A Incline.
The proposal will be submitted to MoEF&CC for
grant of EC only after obtaining Stage-I Forestry

Clearance. Public Hearing was also conducted

for SRP 3&3A Incline and Final EIA/EMP is being
prepared for submission to SEIAA for grant of
Environmental Clearance.
• Draft EIA/EMP report of KK-5 Incline was
submitted to TSPCB for conduct of Public Hearing,
which is scheduled to be held on 20.06.2023.
• Draft EIA/EMP reports of Dorli OC-I Expansion
and Koyagudem OC-II are under preparation for
conduct of public hearing and submission of final
EIA/EMP reports to MoEF&CC for grant of EC.
3. I, further report that:
a. The Board of Directors of the Company is constituted As replied in point Nos.2(viii)(a)&(d)
with executive and non-executive directors without
requisite number of independent directors and a woman
director As stated point.2 in the report. The changes
in the composition of the Board of Directors that took
place during the year under review were carried out in
compliance with the provisions of the Act.
b. Adequate Notice is given to all the Directors to
schedule the Board Meetings, agenda and detailed
notes on agenda were sent at least 7 days in advance.
Wherever the notes on agenda were sent with less
than 7 days prior to the meeting, the same were taken
up by the Board for consideration with the consent of
all Members present in the meeting and permission of
the Chairman & Managing Director of the Company.
There is adequate system for seeking and obtaining
further information and clarifications on the agenda
items before the meeting and meaningful participation
at the meeting. Board decisions are carried through
unanimously except in the following proposals for which
views of dissenting members are captured and recorded;
i) In the 561st meeting held on 08.04.2022,forItem
No: 561:5.14 i.e., Amendment to Rule No.6(c)
(ii) & 6(c) (iii) with regard to Local reservation in
recruitments pertaining to Executive cadre and
Non-Executive cadre posts.
ii) In the 563rd meeting held on 29.07.2022, for
Item No: 563:5.14 i.e., to pay management’s
contribution towards CMPF @12% during 61st
year and to pay the same to the employees on
attaining the age of superannuation of 61 years.
In the 565th meeting held on 08.12.2022, for Item
No: 565:4.1 i.e., Payment of Special Incentive @
30% of net profit for the financial year 2021-22 and
for Item No: 565:5.17 i.e., Implementation of 10%
reservations for Scheduled Tribes in recruitments
and promotions in accordance with the Telangana
State GO Ms. No.33 dated 30.09.2022.

4. I, further report that there exists adequate systems and

processes in the Company that commensurate with the
size and operations of the Company to monitor and ensure
compliance with all applicable laws, rules, regulations and
guidelines.
5. I, further report that during the audit period, there were
no specific events/actions having a major bearing on the
Company’s affairs in pursuance of the above referred laws,
rules, standards etc., referred above.
Sd/-
(K .V. Chalama Reddy) for and on behalf of the Board
Practising Company Secratary
M.No:F.C.S.9268, C.P.No.5451 Sd/-
PR No.:2301/2022 (N. Sridhar)
UDIN number: F009268E000864892 Chairman & Managing Director
Date : 25.08.2023
Date : 30.08.2023
Place : Hyderabad
Place : Hyderabad.
This report is to be read with my letter of even date which is
given as Annexure ‘A’ and forms an integral part of this report.
Back filling activity in Open Cost Mines (RG OC-1, RG 3 Area)

FORM NO. MGT 9

EXTRACT OF ANNUAL RETURN
as on financial year ended on 31.03.2023
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company
(Management & Administration) Rules, 2014.

I Registration & other Details:

i CIN U10102TG1920SGC000571
ii Registration Date 23.12.1920
iii Name of the Company The Singareni Collieries Company Limited
iv Category / Sub-category of the Company Mining, Consultancy & Power
v Address of the Registered office The Singareni Collieries Company Limited
& contact details Registered Office,
Kothagudem Collieries – 507 101,
Bhadradri Kothagudem Dist., Telangana.
vi Whether listed company No
vii Name , Address & contact details of the
NA
Registrar & Transfer Agent, if any.
II Principal Business Activities of the Company: Coal Mining
All the business activities contributing 10% or more of the total turnover of the company shall be stated
Sl. NIC Code of the % to total turnover

Name & Description of main products/services
No. Product/ service of the company
1. Bituminous Coal 270112 83.13
2. Power 271600 16.87
III Particulars of Holding, Subsidiary & Associate Companies:

Holding/ % of
Sl. Name & Address of the Applicable
CIN/GLN Subsidiary/ Shares
No. Company Section
Associate Held
1. Andhra Pradesh Heavy U29219AP1976SGC002071 Subsidiary 81.54 2(87)(ii)
Machinery & Engineering
Limited

IV SHAREHOLDING PATTERN (EQUITY SHARE CAPITAL BREAK UP AS % TO TOTAL EQUITY)

No. of Shares held at the beginning of the
No. of Shares held at the end of the year %
year
Category of change
Shareholders % of % of during
Demat Physical Total Total Demat Physical Total Total the year
Shares Shares
A. Promoters
(1) Indian
a) Individual/HUF
b) Central Govt. or 1733159147 1733159147 99.9977 1733159147 1733159147 99.9977 - -
State Govt.
c) Bodies
Corporates
d) Bank/FI
e) Any other / IEPF
Authorities
Sub Total:(A)(1) 1733159147 1733159147 99.9977 1733159147 1733159147 99.9977 - -
(2) Foreign
a) NRI- Individuals
b) Other Individuals
c) Bodies Corp.
d) Banks/FI
e) Any other…
Sub Total (A) (2)
Total Sharehold- 1733159147 1733159147 99.9977 1733159147 1733159147 99.9977 - -
ing of Promoter
(A)= (A)(1)+(A)(2)
B. Public Share-
holding
(1) Institutions
a) Mutual Funds
b) Banks/FI
c) Central govt.
d) State Govt.
e) Venture Capital
Fund
f) Insurance Com-
panies
g) FIIS
h) Foreign Venture
Capital Funds
i) Others (IEPF) 14934 14934 0.0009 14934 14934

Sub Total (B)(1): 14934 14934 0.0009 14934 14934

No. of Shares held at the No. of Shares held at the

beginning of the year end of the year % change
Category of
% of % of during the
Shareholders
Demat Physical Total Total Demat Physical Total Total year
Shares Shares
(2) Non Institutions
a) Bodies corporates
i) Indian
ii) Overseas
b) Individuals
i) Individual shareholders 24038 24038 0.0015 24038 24038
holding nominal share
capital upto Rs.1 lakh.
ii) Individuals sharehold-
ers holding nominal
share capital in excess
of Rs. 1 lakh.
c) Others (specify)
Sub Total (B)(2):
Total Public
Shareholding
(B)= (B)(1)+(B)(2)
C. Shares held by Custo-
dian for GDRs & ADRs
Grand Total (A+B+C) 1733198119 1733198119 100.00 1733198119 1733198119 100.00
(ii) SHARE HOLDING OF PROMOTERS

Sl. Shareholders Shareholding at the Shareholding at the % change
No. Name beginning of the year end of the year in share
No. of % of total % of shares No. of % of total % of shares holding
shares shares of pledged en- shares shares pledged en- during the
the Com- cumbered to of the cumbered to year
pany total shares company total shares
1 Governor of 885599147 51.0962 Nil 885599147 51.0962 Nil -
Telangana
2 President of India 847560000 48.9015 Nil 847560000 48.9015 Nil -
Total 1733159147 99.9977 - 1733159147 99.9977 - -
(iii) CHANGE IN PROMOTERS’ SHAREHOLDING (specify if there is no change)

Sl. Share holding at the begin- Cumulative Share holding
No. ning of the Year during the year
No. of % of total shares No. of % of total shares
Shares of the company shares of the company
At the beginning of the year
Date wise increase/ decrease in Promoters Share holding
during the year specifying the reasons for increase/ de- - No change -
crease (e.g. allotment/ transfer/ bonus/ sweat equity etc)
At the end of the year

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters & Holders
of GDRs & ADRs)
Shareholding at the end Cumulative Shareholding
of the year during the year
Sl.
For Each of the Top 10 Shareholders % of total % of total
No. No. of No. of
shares of the shares of the
shares shares
company company
At the beginning of the year 29492 0.0017 29492 0.0017
Date wise increase/decrease in Promoters Share holding
during the year specifying the reasons for increase/ - No change -
decrease (e.g. allotment/ transfer/bonus/sweat equity etc)
At the end of the year (or on the date of separation, if 29492 0.0017 29492 0.0017
separated during the year)
(v) Shareholding of Directors & KMP

Sl. Shareholding at the end of the Cumulative Shareholding
No. year during the year
For Each of the Directors & KMP
No. of % of total shares of No. of % of total shares
shares the company shares of the company
At the beginning of the year 11 - 11 -
Date wise increase/ decrease in Promoters Share
holding during the year specifying the reasons for
- No change -
increase/ decrease (e.g. allotment/ transfer/ bonus/
sweat equity etc)
At the end of the year 11 - 11 -
V INDEBTEDNESS (Rs. in crore)

Indebtedness of the Company including interest outstanding/accrued but not due for payment
Secured Loans Unsecured Total
Deposits
excluding deposits Loans Indebtedness
Indebtness at the beginning of the financial year
i) Principal Amount 4134.04 - - 4134.04
ii) Interest due but not paid - - - -
iii) Interest accrued but not due 5.51 - - 5.51
Total (i+ii+iii) 4139.55 - - 4139.55
Change in Indebtedness during the financial year
Additions 45.15 - - 45.15
Reduction 1359.75 - - 1359.75
Net Change -1314.60 - - -1314.60
Indebtedness at the end of the financial year
i) Principal Amount 2824.95 - - 2824.95
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 2824.95 - - 2824.95

VI REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole time director and/or Manager: (in Rs.)
Name of MD/WTD/Manager Total amount
N.Balram, Direc- (Rs)
tor (Finance),
Sl. Particulars of S Chandra- D. Satyanaray- G.Venkateswar
N.Sridhar, Director (P&P) NVK Srinivas,
No. remuneration sekhar, Director ana Rao Reddy, Dir
C & M.D. (FAC) & Director Dir(O)
(Operations) Director (E&M) (P&P)
(P.A&W) (FAC) &
CFO
1 Gross salary
(a) Salary as per 45,54,154.16 59,37,146.83 16,25,669.00 62,39,889.60 8,10,776.00 8,40,599.20 2,00,08,234.79
provisions
contained in
section 17(1) of
the IT Act, 1961
(b) Value of 8,71,538.00 3,38,217.00 6,29,982.00 99,885.00 1,09,366.00 20,48,988.00
perquisites u/s
17(2) IT Act, 1961
(c) Profits in lieu of
salary u/s 17(3)
Income Tax Act,
1961
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
- others, specify
5 Others, CMPF & CMPS 11,31,356.00 11,82,028.00 1,96,511.76 9,70,782.00 1,70,990.00 1,78,194.00 38,29,861.76
TOTAL (A) 56,85,510.16 79,90,712.83 21,60,397.76 78,40,653.60 10,81,651.00 11,28,159.20 2,58,87,084.55
Ceiling as per the Act 153.72 30.74 30.74 30.74 30.74 30.74 338.18
(Rs. in Crore) (5% of PBT) (1% of PBT) (1% of PBT) (1% of PBT) (1% of PBT) (1% of PBT) (11% of PBT)
B. Remuneration to other directors:
Sl. No. Particulars of Remuneration Name of the Directors Total Amount

1 Independent Directors
(a) Fee for attending board committee meetings
(b) Commission
(c ) Others, please specify
Total (1)
2 Other Non Executive Directors
(a) Fee for attending board committee meetings
(b) Commission
(c) Others, please specify.
Total (2)
Total (B)=(1+2)
Total Managerial Remuneration
Overall ceiling as per the Act.

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD (in Rs.)
Sl.
Particulars of Remuneration Key Managerial Personnel
No.
Company
1 Gross Salary CEO * CFO * Total
Secretary
(a) Salary as per provisions contained in section 17(1) 34,57,544.15 34,57,544.15
of the Income Tax Act, 1961.
(b) Value of perquisites u/s 17(2) of the Income Tax 2,43,156.00 2,43,156.00
Act, 1961
(c) Profits in lieu of salary under section 17(3) of the
Income Tax Act, 1961.
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
- others,
5 Others, CMPF & CMPS 6,22,929.00 6,22,929.00
Total 43,23,629.15 43,23,629.15
* C&MD is CEO and Director (Finance) is CFO, details are given in Sl. No.VI.A.
VII PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES:

Section of the Details of Penalty/ Authority Appeal made if
Brief
Type Companies Punishment / Compounding (RD/NCLT/ any
Description
Act fees imposed Court) (give details)
A. COMPANY
Penalty
Punishment
Compounding
B. DIRECTORS
Penalty
Punishment
Compounding
C. OTHER OFFICERS IN DEFAULT
Penalty
Punishment
Compounding
Sd/-
(N. Sridhar)
Date : 14.07.2023 Chairman & Managing Director
Place : Hyderabad DIN: 02510496

Sri N. Sridhar, IAS, C&MD visiting KTK OC - 2 at Bhupalapalli
Spreader of the Input Crusher and Conveyor in RG OC-2 (RG-3 Area)

महालेखाकार का कार्यालय (लेखापरीक्षा)

तेलंगाना, है दराबाद
OFFICE OF THE ACCOUNTANT GENERAL (AUDIT)
Telangana, Hyderabad
Lr. No. AG (Audit)/ TSC/SCCL/2022-23/105 Date: 27-09-2023
To
The Chairman & Managing Director,
Kothagudem (PO). Bhadradri Kothagudem District
Telangana -507 101
Sub: Comments of the Comptroller and Auditor General of India under Section 143 (6)(b) of the Companies
Act, 2013 on the Financial Statements of The Singareni Collieries Company Limited for the year
ended 31st March 2023.
Sir
1. I am to forward herewith comments of the Comptroller and Auditor General of India under Section 143 (6)(b) of
the Companies Act, 2013 on the Standalone and Consolidated Financial Statements of your Company for the
year ended 31st March 2023 for necessary action.
2. The date of placing of Comments along with Standalone and Consolidated Financial Statements and Auditors'
Report before the shareholders of the Company may please be intimated and a copy of the proceedings of the
meeting be furnished.
3. The date of forwarding the annual reports and financial statements of the Company together with the Auditors
Report and Comments of the Comptroller and Auditor General of India to the State Government for the year
ended 2022-23 for being placed before the Legislature may also be intimated. The date on which Annual Report
is tabled in the Legislature may also be intimated.
4. Ten copies of the annual report for the year ended 2022-23 are to be furnished in due course without fail.
Yours faithfully,
Sd/-
Encl: As Above (J. Nikhil Chakravarthi, IAAS )
Sr. Deputy Accountant General/AMG-II

Annexure-I
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION
143(6)(b) OF THE COMPANIES ACT, 2013 ON THE FINANCIAL STATEMENTS OF THE SINGARENI
COLLIERIES COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2023.
The preparation of the financial statements of The Singareni Collieries Company Limited for the year ended 31
March 2023 in accordance with the financial reporting framework prescribed under Companies Act, 2013 (Act) is the
responsibility of the management of the Company. The Statutory auditors appointed by the Comptroller and Auditor
General of India under Section 139 (5) of the Act are responsible for expressing opinion on the standalone financial
statements under Section 143 of the Act based on independent audit in accordance with the standards on auditing
prescribed under section 143 (10) of the Act. This is stated to have been done by them vide their Audit Report dated
14 July 2023.
I, on behalf of the Comptroller and Auditor General of India, have conducted a supplementary audit of the financial
statements of The Singareni Collieries Company Limited for the year ended 31 March 2023 under section 143(6)
(a) of the Act. This supplementary audit has been carried out independently without access to the working papers
of the Statutory Auditors and is limited primarily to inquiries of the Statutory Auditors and Company personnel and a
selective examination of some of the accounting records.
Based on my supplementary audit, I would like to highlight the following significant matters under section 143(6)(b)
of the Act which have come to my attention and which in my view are necessary for enabling a better understanding
of the standalone financial statements and the related audit report.
1. Comment on disclosure
Revenue from Operations-(VI) Exceptional Items (Note no.38)- ` 144.61 crore
The above includes ` 49.46 crores (Euro 5543664 @ ` 89.2175) being the encashed Bank Guarantees (BG) and
` 97.75 crores (Euro 10909741.01 @ ` 89.2175) being the 20 % equipment value withheld towards penalty in
pursuance of the decision taken by the management on Supplier, M/s Caterpillar Global Mining Europe GmbH,
Germany, (M/s CGME,) against the non-achievement of performance obligations of Adriyala Longwall Project.
For encashing the BG (` 49.46 crore) relating to PBGs furnished by CGME, and adjustment of withheld amount
towards penalty (` 97.75 crore), the supplier demanded arbitration on 29.04.2023. However, the Company obtained
a legal opinion and it was concluded that the dispute is not arbitrable, as it is hit by time bar clause (clause 15) of
contract agreement. In the meantime, CGME approached the International Court of Arbitration of the ICC, and ICC
addressed letters to both CGME and SCCL. The company again reiterated that the dispute is not arbitrable and
accordingly addressed both CGME and ICC. In the given circumstances, the case has to be decided by the Court
under section 11 of Arbitration & Conciliation Act, 1996 as to whether or not arbitration clause is in force between the
parties to subject dispute and is applicable. Further, action is also yet to be taken by the Company to file a suit in the
Kothagudem Civil Court, to declare that the arbitration clause is not applicable to CGME. The above facts should
have been disclosed by the Company in its notes to accounts for the year 2022-23.
For and on behalf of the

Comptroller and Auditor General of India
Sd/-
(Sudha Rajan)
Place : Hyderabad Accountant General (Audit)
Date : 27-09-2023

Annexure-II
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION
143(6)(b) READ WITH SECTION 129 (4) OF THE COMPANIES ACT, 2013 ON THE CONSOLIDATED
FINANCIAL STATEMENTS OF THE SINGARENI COLLIERIES COMPANY LIMITED FOR THE YEAR
ENDED 31 MARCH 2023.
The preparation of consolidated financial statements of The Singareni Collieries Company Limited for the year ended
31 March 2023 in accordance with the financial reporting framework prescribed under the Companies Act, 2013 (Act)
is the responsibility of the management of the Company. The Statutory auditors appointed by the Comptroller and
Auditor General of India under Section 139 (5) read with section 129 (4) of the Act are responsible for expressing
opinion on the financial statements under Section 143 read with section 129 (4) of the Act based on independent
audit in accordance with the standards on auditing prescribed under section 143 (10) of the Act. This is stated to
have been done by them vide their Audit Report dated 14 July 2023.
I, on behalf of the Comptroller and Auditor General of India, have conducted a supplementary audit of the consolidated
financial statements of The Singareni Collieries Company Limited for the year ended 31 March 2023 under section
143(6)(a) read with section 129 (4) of the Act. We did not conduct supplementary audit of the financial statements of
Andhra Pradesh Heavy Machinery & Engineering Limited, Vijayawada and APMDC-SCCL Suliyari Coal Company
Limited for the year ended on that date. This supplementary audit has been carried out independently without access
to the working papers of the Statutory Auditors and is limited primarily to inquiries of the Statutory Auditors and
Company personnel and a selective examination of some of the accounting records.
Based on my supplementary audit, I would like to highlight the following significant matters under section 143(6)(b)
read with section 129 (4) of the Act which have come to my attention and which in my view are necessary for enabling
a better understanding of the financial statements and the related audit report.
1. Comment on disclosure
Revenue from Operations-(VI) Exceptional Items (Note no.38)- ` 144.61 crore
The above includes ` 49.46 crores (Euro 5543664 @ ` 89.2175) being the encashed Bank Guarantees (BG) and
` 97.75 crores (Euro 10909741.01 @ ` 89.2175) being the 20% equipment value withheld towards penalty in
pursuance of the decision taken by the management on Supplier, M/s Caterpillar Global Mining Europe GmbH,
Germany, (M/s CGME,) against the non-achievement of performance obligations of Adriyala Longwall Project.
For encashing the BG (` 49.46 crore) relating to PBGs furnished by CGME, and adjustment of withheld amount
towards penalty (` 97.75 crore), the supplier demanded arbitration on 29.04.2023. However, the Company obtained
a legal opinion and it was concluded that the dispute is not arbitrable, as it is hit by time bar clause (clause 15) of
contract agreement. In the meantime, CGME approached the International Court of Arbitration of the ICC, and ICC
addressed letters to both CGME and SCCL. The company again reiterated that the dispute is not arbitrable and
accordingly addressed both CGME and ICC. In the given circumstances, the case has to be decided by the Court
under section 11 of Arbitration & Conciliation Act, 1996 as to whether or not arbitration clause is in force between the
parties to subject dispute and is applicable. Further, action is also yet to be taken by the Company to file a suit in the
Kothagudem Civil Court, to declare that the arbitration clause is not applicable to CGME. The above facts should
have been disclosed by the Company in its notes to accounts for the year 2022-23.
For and on behalf of the

Sd/-
(Sudha Rajan)
Place : Hyderabad Accountant General (Audit)
Date : 27-09-2023

Standalone Financial Statements

Sl. Comments of the Comptroller & Auditor General of Replies of the Management forming part of the
No. India under section 143 (6) (b) of the Companies Act, Board’s Report to the Shareholders
2013 on the Standalone Financial Statements of The
Singareni Collieries Company Limited, Kothagudem
for the year ended 31st March, 2023
1. Comment on disclosure The Company had invoked the PBG submitted
by the supplier and adjusted the 20% equipment
Revenue from Operations-(VI) Exceptional Items
value withheld from the bills, towards penalties
(Note no.38)- Rs.144.61 crore
for not achieving the performance obligations as
The above includes Rs.49.46 crores (Euro 5543664 per Order Terms and penalty Income of Rs.147.22
@ 89.2175) being the encashed Bank Guarantees Crore (Euro 1,64,53,405.01) was recognized in FY
(BG) and Rs.97.75 crores (Euro 10909741.01 @ 2022-23.
89.2175) being the 20% equipment value withheld
However, subsequent to the invocation of PBG’s,
towards penalty in pursuance of the decision taken
the supplier had moved Arbitration proceedings
by the management on Supplier, M/s Caterpillar
before ICC. As per the legal opinion obtained by
Global Mining Europe GmbH, Germany, (M/s CGME,)
the Company, the Arbitration proceedings are hit
against the non- achievement of performance
by time bar clause and also are against the clause
obligations of Adriyala Longwall Project.
no. 15 of the Contract’s terms and conditions.
For encashing the BG (Rs.49.46 crore) relating Accordingly, the Arbitration process was rejected
to PBGS furnished by CGME, and adjustment of by the Company. As on the date of the approval of
withheld amount towards penalty (Rs.97.75 crore), the Accounts of FY 2022-23 (i.e.) 14.072023, there
the supplier demanded arbitration on 29.04.2023. is no valid dispute/case pending and hence, no
However, the Company obtained a legal opinion and disclosures were made in the Annual Accounts of
it was concluded that the dispute is not arbitrable, FY 2022-23 as Contingent Liability on the subject
as it is hit by time bar clause (clause 15) of contract matter which is in line with Ind AS framework.
agreement. In the meantime, CGME approached
Later, ICC had informed that the Arbitration
the International Court of Arbitration of the ICC, and
proceedings have commenced on 31/8/2023 and
ICC addressed letters to both CGME and SCCL.
advised Company to appoint an Arbitrator from
The company again reiterated that the dispute is not
each side and to pay the applicable Fees. Based
arbitrable and accordingly addressed both CGME
on the latest legal opinion obtained, the Company
and ICC. In the given circumstances, the case has
is in the process of filing a stay petition before the
to be decided by the Court under section 11 of
High Court of Delhi on the Arbitration proceedings
Arbitration & Conciliation Act, 1996 as to whether or
initiated by the ICC. Further, other available legal
not arbitration clause is in force between the parties
remedies are also being explored to bring the
to subject dispute and is applicable. Further, action
litigation to a logical conclusion.
is also yet to be taken by the Company to file a
suit in the Kothagudem Civil Court, to declare that Albeit, the observation of the Audit is noted and the
the arbitration clause is not applicable to CGME. dispute raised by the supplier will be disclosed as
The above facts should have been disclosed by ‘Contingent Liability’ in the Financial Statements of
the Company in its notes to accounts for the year FY 2023-24.
2022-23.
For and on behalf of the For and on behalf of the Board

Sd/- Sd/-
Principal Accountant General (Audit) (N.Sridhar)
Date : 27.09.2023 Date : 27.09.2023 Chairman & Managing Director
Place : Hyderabad Place : Hyderabad
Consolidated Financial Statements

Sl. Comments of the Comptroller & Auditor General of
No. India under section 143 (6) (b) of the Companies Act,
2013 on the Consolidated Financial Statements of The
Singareni Collieries Company Limited, Kothagudem Replies of the Management forming part of the
for the year ended 31st March, 2023 Board’s Report to the Shareholders
1. Comment on disclosure The Company had invoked the PBG submitted

by the supplier and adjusted the 20% equipment
Revenue from Operations-(VI) Exceptional Items
value withheld from the bills, towards penalties
(Note no.38)- Rs.144.61 crore
for not achieving the performance obligations as
The above includes Rs.49.46 crores (Euro 5543664 per Order Terms and penalty Income of Rs.147.22
@ 89.2175) being the encashed Bank Guarantees Crore (Euro 1,64,53,405.01) was recognized in FY
(BG) and Rs.97.75 crores (Euro 10909741.01 @ 2022-23.
89.2175) being the 20% equipment value withheld
However, subsequent to the invocation of PBG’s,
towards penalty in pursuance of the decision taken by
the supplier had moved Arbitration proceedings
the management on Supplier, M/s Caterpillar Global
before ICC. As per the legal opinion obtained by
Mining Europe GmbH, Germany, (M/s CGME,) against
the Company, the Arbitration proceedings are hit
the non- achievement of performance obligations of
by time bar clause and also are against the clause
Adriyala Longwall Project.
no. 15 of the Contract’s terms and conditions.
For encashing the BG (Rs.49.46 crore) relating Accordingly, the Arbitration process was rejected
to PBGS furnished by CGME, and adjustment of by the Company. As on the date of the approval of
withheld amount towards penalty (Rs.97.75 crore), the Accounts of FY 2022-23 (i.e.) 14.072023, there
the supplier demanded arbitration on 29.04.2023. is no valid dispute/case pending and hence, no
However, the Company obtained a legal opinion and disclosures were made in the Annual Accounts of
it was concluded that the dispute is not arbitrable, FY 2022-23 as Contingent Liability on the subject
as it is hit by time bar clause (clause 15) of contract matter which is in line with Ind AS framework.
agreement. In the meantime, CGME approached
Later, ICC had informed that the Arbitration
the International Court of Arbitration of the ICC, and
proceedings have commenced on 31/8/2023 and
ICC addressed letters to both CGME and SCCL.
advised Company to appoint an Arbitrator from
The company again reiterated that the dispute is not
each side and to pay the applicable Fees. Based
arbitrable and accordingly addressed both CGME
on the latest legal opinion obtained, the Company
and ICC. In the given circumstances, the case has
is in the process of filing a stay petition before the
to be decided by the Court under section 11 of
High Court of Delhi on the Arbitration proceedings
Arbitration & Conciliation Act, 1996 as to whether or
initiated by the ICC. Further, other available legal
not arbitration clause is in force between the parties
remedies are also being explored to bring the
to subject dispute and is applicable. Further, action is
litigation to a logical conclusion.
also yet to be taken by the Company to file a suit in the
Kothagudem Civil Court, to declare that the arbitration Albeit, the observation of the Audit is noted and the
clause is not applicable to CGME. The above facts dispute raised by the supplier will be disclosed as
should have been disclosed by the Company in its ‘Contingent Liability’ in the Financial Statements of
notes to accounts for the year 2022-23. FY 2023-24.
For and on behalf of the For and on behalf of the Board

Sd/- Sd/-
Principal Accountant General (Audit) (N.Sridhar)
Date : 27.09.2023 Date : 27.09.2023 Chairman & Managing Director
Place : Hyderabad Place : Hyderabad

Management reply on the

INDEPENDENT AUDITOR’S REPORT audit observations
on the Audit of Standalone Ind AS Financial Statements (under section 134(3) of the
Companies Act, 2013)
To the Members of
Report on the Audit of Standalone Ind AS Financial Statements:

Opinion
We have audited the accompanying Standalone Ind AS Financial Statements of
The Singareni Collieries Company Limited (“the Company”), which comprise
the Balance Sheet as at 31st March, 2023, the Statement of Profit and Loss
(including Other Comprehensive Income), the Statement of Changes in Equity and
the Statement of Cash Flows for the year ended on that date, and notes to the
Standalone Ind AS Financial Statements, including a summary of the significant
accounting policies and other explanatory information (herein after referred to as
“the Standalone Ind AS Financial Statements”) --
In our opinion and to the best of our information and according to the explanations
given to us the accompanying Standalone Ind AS Financial Statements give the
information required by the Companies Act, 2013 (“the Act”) in the manner so
required and give a true and fair view in conformity with the Indian Accounting
Standards prescribed under Section 133 of the Act read with the Companies (Indian
Accounting Standard) Rules, 2015, as amended, (“Ind AS”) and other accounting
principles generally accepted in India, of the state of affairs of the Company as at
31st March, 2023, and its profit and total comprehensive income, changes in equity
and its cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit of the financial statements in accordance with the Standards
on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities under
those standards are further described in the Auditors’ responsibility for the Audit of
Standalone Ind AS Financial Statements Section of our report. We are independent
of the company in accordance with the Code of Ethics issued by the Institute of
--
Chartered Accountants of India (ICAI) together with the ethical requirements that are
relevant to our audit of Standalone Ind AS Financial Statements under the provisions
of the Act and the Rules made thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the ICAI’s code of Ethics.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion on the Standalone Ind AS Financial Statements.

Emphasis of Matter
Without qualifying our opinion, we draw attention to the following mattersin the
Standalone Ind AS Financial Statements:
a) Refer Note 8.4 regarding non-receipt of proceeds of Rs.200 Crore of APPFC
Power bonds matured on 18th July, 2022 representing TSPFC share, the
Company has not made provision for expected credit loss as the bonds are
backed by Sovereign Guarantee. Further, the Company has not recognized
interest from the date of maturity of the interest coupon period.
b) Refer Note 6.3 (iii) and (iv) regarding non-receipt of interest of Rs.264.53 Crore
(net of TDS) on TSSPDCL Power Bonds, the Company has not made provision The Auditors have drawn
for expected credit loss as the bonds are backed by Sovereign Guarantee. specific attention of the
c) Refer Note 12B.4 regarding disputed trade receivables of Rs.527.69 Crore as members on these matters,
on 31.03.2023, the Company has not made provision for expected credit loss though these issues/
as the dispute/clarification is pending before Hon’ble Telangana State Electricity transactions / provisions
Regulatory Commission (TSERC). have been appropriately
d) Refer Note 27.2 (ii) regarding withdrawal of provision for backfilling at Medipalli recognised, presented and
OCP for an amount of Rs.1188.15 Crore due to change in the Site Restoration disclosed in the Financial
obligation from backfilling to waterbody maintenance with adequate engineering statements as per the
interventions for sustenance of aquatic life in pursuance of revised EAC Minutes. Provisions of Ind AS.
e) Refer Note 39.6.5 regarding the alignment of method of closing stock valuation
with the Cost accounting records, on account of which there is a net increase in
the profit before tax by Rs.51.25 crore for the financial year 2022-23.
f) Refer Note 22.3(iii) and (iv) regarding reassessment of mine closure provision on
account of adoption of revised mine lives in respect of 7 mines and consequent
to the revised Escrow agreements entered during the year 2022-23 in respect of
22 mines. As a result of this, there is a decrease in provision by Rs.13.21 crore
on account of adoption of revised mine lives in respect of 7 mines and increase
in provision by Rs.78.53 crore on account of revised Escrow agreements.
Key Audit Matters
Key Audit matters are those matters that in our professional judgment, were of most
significance in our audit of the Standalone Ind AS Financial Statements of the current This being a statement of
period. These matters were addressed in the context of our audit of the financial fact calls for no comments
statements as a whole, and in forming our opinion thereon, and we do not provide a separately.
separate opinion on these matters. We have determined the matters described below to
be the key audit matters to be communicated in our report.


S No Key Audit Matter Auditor’s Response

1 Provisions and Contingent Principal audit procedures:
Liabilities: Our audit procedures included the following:
A) Provision for Mine
• Evaluated the approach adopted by the
closure, Site Restoration
company in determining the expected
and Decommissioning
obligation: costs of decommissioning.
The company is accounting for • Identified the cost assumptions used that
provision towards its obligation
have the most significant impact on the
for mine closure, site restoration
provisions and tested the appropriateness
and decommissioning based on
detailed calculations and technical of these assumptions.
assessment and timing of the
• Reviewed the appropriateness of discount
future cash spending to perform
the required work. The estimated and inflation rates used in the estimation.
cost is inflated to the year in which
• Verified the unwinding of interest as well
such cost is to be incurred. The
said provision is required to be as understanding if any restoration was
The Auditors have reported this
discounted to the present value. undertaken during the year.
issue as a Key Audit Matter
This measurement of discounting
• Relied on the judgements of the internal in view of its significance and
rate capturing the real finance cost
involves high inherent uncertainty. & external technical experts for the use of materiality involved. They
technical evaluation. have also mentioned the Audit
Further, Ministry of Environment
Procedure followed by them.
and Forests’ stipulations involves • Performed a review to ensure that all key
reducing the depth of the final movements were understood, corroborat- This being a statement of
void of certain open cast mines
ed and recorded correctly. fact calls for no comments
to 30/35/40 meters from surface
separately.
either by backfilling of overburden • Assessed the appropriateness of the dis-
or maintenance of water body.
closures made in the Standalone Ind AS
Environmental clearance was
Financial Statements.
received in respect of OC mines
for which the company proposed
to maintain the final void as water
bodies. The estimation of cost per
hectare of final void based on final
void area, necessary engineering
interventions and other required
activities is made by in-house
technical professional and outside
technical experts in Mining, Project
planning and environmental fields.
This area involves significant
management judgement and
estimates that have been identified
as having high estimation
uncertainty.


B) Provision for Overburden Principal audit procedures:
Removal
Our audit procedures included the following–
The Company is accounting
• Evaluated the approach adopted by the
the expenditure incurred on
company in estimating the projected
Overburden (OB) removal-
stripping ratio of Coal reserves,
Stripping cost with respect
to Open Cast (OC) mines at determining the mining reserves of Coal
projected Stripping Ratio which & Overburden and cost of OB removal.
is estimated by the Management • Reviewed the past quantities of coal and
irrespective of the ratio of Actual overburden extracted from the respective
OB removal during any particular mines and whether due consideration
year. This estimation involves was given in estimating the projected
significant judgements to be stripping ratio.
made by the Management. The
Company reviews the stripping • Tested the consistency of, and rationale
ratios of all OC Projects once in for, the contingent factors applied in
three years. However, revision/ deriving the stripping ratio in respect of
re-estimation of stripping ratios the OC mines for which the change is The Auditors have reported this
may be necessitated owing necessitated. issue as a Key Audit Matter
to significant changes in the • Discussed with the Management in view of its significance and
Mining and geological structures, regarding the factors considered in materiality involved. They
recommendation of scientific
estimating the balance reserves and their have also mentioned the Audit
studies of high wall, the dump
extraction plan with respect to the mines
stability and statutory restrictions Procedure followed by them.
where the revision of stripping ratio is
imposed by Government
undertaken. This being a statement of
authorities, reorganisation/
closure of mines and changes in • Relied on the judgements of the internal fact calls for no comments
reserves of Coal & overburden technical experts for the use of technical separately.
due to various reasons such as evaluation.
Bore Hole density and Risk of
• Performed a review to ensure that
difference in Reserves, Geological
all key movements were understood,
disturbances, shifting of seam In-
crops, Risk of Grade Slippage corroborated and recorded correctly.
etc. In case any such significant • Assessed the appropriateness of the
deviation occurs, such review is disclosures made in the Financial
being taken up on occurrence. Statements.
C) Contingent Liabilities Principal audit procedures:
The company has received certain Our procedures included, but were not limited
claims from the Government au- to, the following:
thorities, variable cost claims from • Obtained an understanding from the
TSDISCOMs, contractors, land management with respect to process and
pattadars and employees, which controls followed by the Company for
are disputed. These involve high identification and monitoring of significant
degree of judgement to determine
developments in relation to the litigations,
the possible outcomes and esti-
including completeness thereof.
mates relating to the resources
embodying economic benefits.



• Obtained the list of litigations from
The Auditors have reported this
the management and reviewed their
assessment of the likelihood of outflow issue as a Key Audit Matter
of economic resources being probable, in view of its significance and
possible or remote in respect of the materiality involved. They
litigations. This involved assessing the have also mentioned the Audit
probability of an unfavourable outcome
of a given proceeding and the reliability Procedure followed by them.
of estimates of related amounts.
• Assessed management’s conclusions
through discussions held with the in- This being a statement of
house legal counsel and understanding fact calls for no comments
precedents in similar cases;
separately.
• Assessed and validated the adequacy
and appropriateness of the disclosures
made by the management in the
Standalone Ind AS Financial Statements.
Coal dispatches by Railways : Manuguru CHP

Information Other than the Standalone Ind AS Financial Statements and Auditors’ Report
thereon
The Company’s Board of Directors is responsible for the other information. The other
information comprises the draft Directors’ Report including annexures to Directors’ Report,
which we obtained prior to the date of this auditors’ report and other reports included in the
Annual Report related to Standalone Ind AS Financial Statements but does not include the
Standalone Ind AS Financial Statements and our auditors’ report thereon.
Our opinion on the Standalone Ind AS Financial Statements does not cover the other information
-
and we do not express any form of assurance conclusion thereon.
In connection with our audit of the Standalone Ind AS Financial Statements, our responsibility
is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the Standalone Ind AS Financial Statements, or our knowledge
obtained during the course of our audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement
of this other information, we are required to report that fact. We have nothing to report in this
regard.
Management’s Responsibility for the Standalone Ind AS Financial Statements:
The Company’s Board of Directors is responsible for the matters stated in Section 134(5)
of the Companies Act, 2013 (“the Act”) with respect to the preparation of these Standalone
Ind AS Financial Statements that give a true and fair view of the financial position, financial
performance including other comprehensive income, cash flows and changes in equity of the
Company in accordance with accounting principles generally accepted in India, including the
Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act,
2013 read with Companies (Indian Accounting Standards) Rules, 2015 rules, as amended.
This responsibility also includes maintenance of adequate accounting records in accordance
with the provisions of the Act for safeguarding of the assets of the company and for preventing
and detecting the frauds and other irregularities; selection and application of appropriate
accounting policies; making judgments and estimates that are reasonable and prudent; and -
design, implementation and maintenance of adequate internal financial controls, that were
operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of Standalone Ind AS Financial Statements that
give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Standalone Ind AS Financial Statements, management is responsible for
assessing the company’s ability to continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting unless the
management either intends to liquidate the company or to cease operations, or has no realistic
alternative but to do so.
The Board of Directors are responsible for overseeing the Company’s financial reporting
process.
Auditors’ Responsibility for the Audit of the Standalone Ind AS Financial Statements
Our objectives are to obtain reasonable assurance about whether the Standalone Ind AS
Financial Statements as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high
level of assurance but is not a guarantee that an audit conducted in accordance with Standards -
on Auditing (SAs) will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they
could reasonably be expected to influence the economic decisions of users taken on the basis
of these Standalone Ind AS Financial Statements.


As part of an audit in accordance with SAs, we exercise professional judgment and maintain
professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the Standalone Ind AS Financial
Statements, whether due to fraud or error, design and perform audit procedures responsive --
to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis
for our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal financial controls relevant to the audit in order to design
audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the
Act, we are also responsible for expressing our opinion on whether the Company has ad- --
equate internal financial controls with reference to Standalone Ind AS Financial Statements
in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of ac-
--
counting estimates and related disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of ac-
counting and, based on the audit evidence obtained, whether a material uncertainty exists
related to events or conditions that may cast significant doubt on the Company’s ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are re-
quired to draw attention in our auditors’ report to the related disclosures in the Standalone --
Ind AS Financial Statements or, if such disclosures are inadequate, to modify our opinion.
Our conclusions are based on the audit evidence obtained up to the date of our auditors’
report. However, future events or conditions may cause the Company to cease to continue
as a going concern.
• Evaluate the overall presentation, structure and content of the Standalone Ind AS Finan-
cial Statements, including the disclosures, and whether the Standalone Ind AS Financial
-
Statements represent the underlying transactions and events in a manner that achieves fair
presentation.
Materiality is the magnitude of misstatements in the Standalone Ind AS Financial Statements
that, individually or in aggregate, makes it probable that the economic decisions of a reason-
ably knowledgeable user of the Standalone Ind AS Financial Statements may be influenced.
--
We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit
work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified
misstatements in the Standalone Ind AS Financial Statements.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant --
deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all rela-
--
tionships and other matters that may reasonably be thought to bear on our independence, and
where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those
matters that were of most significance in the audit of the Standalone Ind AS Financial State-
ments of the current period and are therefore the key audit matters. We describe these matters
in our auditors’ report unless law or regulation precludes public disclosure about the matter --
or when, in extremely rare circumstances, we determine that a matter should not be com-
municated in our report because the adverse consequences of doing so would reasonably be
expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”) issued by
the Central Government of India in terms of sub-Section (11) of Section 143 of the --
Companies Act, 2013, we give in the Annexure A, a statement on the matters specified in
the paragraph 3 and 4 of the Order.
2. As required by Section 143(3) of the Companies Act,2013 we report that: --
a) We have sought and obtained all the information and explanations which to the best of our
--
knowledge and belief were necessary for the purposes of our audit;
b) In our opinion, proper books of account as required by law have been kept by the Company
--
so far as it appears from our examination of those books;
c) The Balance Sheet, the Statement of Profit and Loss including Other Comprehensive
Income, Statement of Changes in Equity and the Statement of Cash Flows dealt with by --
this Report are in agreement with the books of account;
d) In our opinion, the aforesaid Standalone Ind AS Financial Statements comply with the
Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies --
Act, 2013;
e) In pursuance to the Notification No. G.S.R 463 (E) dated 05-06-2015 issued by the
Ministry of Corporate Affairs, Section 164 (2) of the Companies Act, 2013 pertaining to --
disqualification of Directors, is not applicable to the Government Company.
f) With respect to the adequacy of internal financial controls with reference to Standalone
Ind AS Financial Statements of the Company and the operating effectiveness of such --
controls, refer to our separate report in “Annexure B”.
g) In pursuance to the Notification No. G.S.R 463 (E) dated 05-06-2015 issued by the Ministry
of Corporate Affairs, Section 197 of the Companies Act, 2013 pertaining to remuneration --
of Directors, is not applicable to the Government Company.
h) With respect to the other matters to be included in the Auditors’ report in accordance with
Rule 11 of the Companies (Audit and Auditor’s) Rules, 2014, as amended in our opinion
and to the best of our information and according to the explanations given to us:
i) The Company has disclosed the impact of pending litigations on its financial position This being a statement of fact
in its Standalone Ind AS Financial Statements – Refer Additional Note 39(4A) to the calls for no comments sepa-
Standalone Ind AS Financial Statements; rately.
ii) The Company did not have any long-term contracts including derivative contracts for
--
which there were any material foreseeable losses;
iii) There is no delay in transferring the amounts, which were required to be transferred
--
to the Investor Education and Protection Fund by the Company.
iv) (a) The Management has represented that, to the best of its knowledge and belief,
no funds (which are material either individually or in the aggregate) have been
advanced or loaned or invested (either from borrowed funds or share premium or any
other sources or kind of funds) by the Company to or in any other person or entity,
including foreign entity (“Intermediaries”), with the understanding, whether recorded --
in writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend
or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security
or the like on behalf of the Ultimate Beneficiaries;


(b)
The Management has represented, that, to the best of its knowledge and belief, no
funds (which are material either individually or in the aggregate) have been received
by the Com pany from any person or entity, including foreign entity (“Funding
Parties”), with the understanding, whether recorded in writing or otherwise, that the
--
Company shall, whether, directly or indirectly, lend or invest in other persons or
entities identified in any manner whatsoever by or on behalf of the Funding Party
(“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of
the Ultimate Beneficiaries;
(c) Based on the audit procedures that have been considered reasonable and appropriate
in the circumstances, nothing has come to our notice that has caused us to believe
--
that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided
under (a) and (b) above, contain any material misstatement.
v. As stated in Note 39(11) to the Standalone Ind AS Financial Statements
(a) The final dividend proposed in the previous year, declared and paid by the Company --
during the year is in accordance with Section 123 of the Act, as applicable.
(b) The Board of Directors of the Company have proposed the final dividend for the year
This being a statement of
which is subject to the approval of the members at the ensuing Annual General Meeting.
fact calls for no comments
The amount of dividend proposed is in accordance with Section 123 of the Act, as
separately.
applicable.
vi. Proviso to Rule 3(1) of the Companies (Accounts) Rules,2014 for maintain books of
account using accounting software which has a feature of recording audit trail (edit
log) facility is applicable to the company with effect from April 1, 2023, and accordingly,
reporting under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 is not
applicable for the financial year ended 31st March,2023.
3. As required by the Section 143(5) of the Companies Act 2013, and as per the directions of
Comptroller and Auditor General of India, we report that:
S.No. Directions Auditor’s Response
1 Whether the company has system in place According to the information and
to process all the accounting transactions explanations given to us, the Company This being a statement of
through IT system? If yes, the implications has ERP system (SAP) to process all the fact calls for no comments
of processing of accounting transactions accounting transactions through IT system.
separately.
outside IT system on the integrity of Our examination of the records did not
the accounts along with the financial reveal any transactions not coming within
implications, if any, may be stated. the purview of IT system stated above.
2 Whether there is any restructuring of an According to the information and
existing loan or cases of waiver/write off explanations given to us by the Company,
of debts/loans/interest etc. made by a there was no restructuring or cases of
lender to the company due to the compa- waiver/write off of debts /loans/interest etc. This being a statement of
ny’s inability to repay the loan? If yes, the made by the lender to the company due to
financial impact may be stated. Whether company’s inability to repay the loan during
separately.
such cases are properly accounted for? the year ended 31.03.2023.
(In case, lender is a Government com- As there were no such cases, reporting
pany, then this direction is also applicable under this clause is not applicable.
for statutory auditor of lender company).
3 Whether funds (grants/subsidy etc.) CCDAC Grants
reCeived/receivable for specific schemes During the year, the company has
from Central/State Government or its recognised an amount of Rs.7.69 crores as This being a statement of
agencies were properly accounted for/ revenue grant against protective works as fact calls for no comments
utilized as per its term and conditions? List per the approval accorded by CCDAC and separately.
the cases of deviation. the same has been utilised as per the terms
and conditions applicable.

S.No. Directions Auditor’s Response

1 During the year, capital grant of Rs.151.47
crores were recognised as receivable from
CCDAC.
During the year, the Company has received
an amount of Rs.0.67 crore and Rs.45.04
crore towards revenue and capital grants
respectively. Refer Note No. 39.5.2A
separately.
Solar Grants – Viability Gap Funding
(VGF):
During the year, the Company has recognised
second and final instalment of VGF Grant of
Rs.27 crore against the Solar Plants (Phase
II). Refer Note No. 39.5.2A
For Brahmayya & Co, For M Anandam& Co For and on behalf of the Board
Chartered Accountants Chartered Accountants
Firm Registration No: 000513S Firm Registration No: 000125S
Sd/- Sd/- Sd/-

(T.V.Ramana) (M.R Vikram) (N. Sridhar)
Partner Partner Chairman & Managing Director
Membership No 200523 Membership No 021012 DIN: 02510496
UDIN: 23200523BGSVPX9906 UDIN: 23021012BHAIWE5471
Date: 14.07.2023 Date: 14.07.2023 Date : 16.08.2023

Place: Hyderabad Place: Hyderabad Place : Hyderabad
Floating Solar Plant

(5 MW) commissioned
at Singareni
Thermal Power Plant

ANNEXURE ‘A’ Management reply on the au-

TO THE INDEPENDENT AUDITOR’S REPORT dit observations (Contd...)
(Referred to in paragraph 1 of our ‘Report on Other Legal and Regulatory Requirements’ (under section 134(3) of the
Section to the Members of The Singareni Collieries Company Limited of even date) Companies Act, 2013)
We report that:
(i) In respect of the Company’s Property, Plant and Equipment and Intangible Assets, The records for 33 nos of Lands
mentioned in the “Annexure-
a) (A) The company has maintained proper records showing full particulars including C”will be made available to the
quantitative details and situation of Property, Plant and Equipment, Capital work- Auditors for verification in the
in-progress, Investment Properties and relevant details of Right-of-use assets ensuing periods Audit.
except in case of certain lands, where the Company is in the process of reconciling
the physical records with the assets carried in the books of accounts. Refer Note
No. 3.2 of Standalone Ind AS Financial Statements.
(B) The company has maintained proper records showing full particulars of intangible This being a statement of
assets. fact calls for no comments
separately.
b) The Company has a phased program of verification of Property, Plant and Equipment This being a statement of
that is reasonable having regard to the size of the Company and the nature of its assets. fact calls for no comments
As per the phased program as mentioned in Note No.39.5.14.E of Standalone Ind separately.
AS Financial Statements, during the year, the management has carried out physical
verification of Property, Plant and Equipment and discrepancies noted have been
properly dealt with, in the books of account.
c) Based on our examination of the property tax receipts and registered sale deed/ This being a statement of
transfer deed/conveyance deed in respect of Free hold lands on which buildings fact calls for no comments
were constructed, provided to us, we report that, the title in respect of self-constructed separately.
buildings and title deeds of all other immovable properties (other than properties where
the company is the lessee and the lease agreements are duly executed in favour of
the lessee), disclosed in the financial statements included under Property, Plant and
Equipment are held in the name of the Company as at the balance sheet date, except
for the title deeds of the Lands mentioned in Annexure-C. (Refer Note No. 3 of
Standalone Ind AS Financial Statements)
d) The company has not revalued any Property, Plant and Equipment (including right-of- This being a statement of
use assets) and intangible assets during the year. fact calls for no comments
separately.
e) No proceedings have been initiated during the year or are pending against the Company This being a statement of
as at 31st March, 2023 for holding any benami property under the Benami Transactions fact calls for no comments
(Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder. separately.
(ii) (a) The inventory, except goods-in-transit has been physically verified by the This being a statement of
management during the year under perpetual verification system. In our opinion, fact calls for no comments
having regard to the size of the Company and nature of its business, the frequency separately.
of inventory verification process is reasonable and commensurate with the size
of the Company. No discrepancies of 10% or more in aggregate for each class of
inventory were noticed on such physical verification of inventories.

(b) The company has been sanctioned working capital limits in excess of Rs. 5 crore, in This being a statement of
aggregate from banks on the basis of security of current assets and the quarterly fact calls for no comments
returns filed by the company. There were variances which were later rectified by separately.
filing revised returns on 1st July, 2023, are in agreement with the books of account.
(Refer Note No. 39(5.13) of Standalone Ind AS Financial Statements).
(iii) During the year, the Company has not made investments in, granted any loans This being a statement of
or advance in the nature of loans, guarantee or security, secured or unsecured to fact calls for no comments
companies, firms, limited liability partnerships or other parties. Hence, reporting on separately.
clause 3(iii) of the Order is not applicable.
(iv) In our opinion and according to the information and explanations given to us, the This being a statement of
company has not granted any loans, guarantees or security. Hence, reporting under the fact calls for no comments
provisions of Section 185 of the Companies Act 2013. The company has complied with separately.
the provisions of Section 186 of the Companies Act 2013.
(v) In our opinion the Company has neither accepted any deposits from the public nor This being a statement of
accepted any amounts which are deemed to be deposits within the meaning of Section fact calls for no comments
73 to 76 and other applicable provisions of the Companies Act, 2013 and The Companies separately. However, the
(Acceptance of Deposits) Rules, 2014 except for an amount of Rs.13.23 crore received advances collected from Coal
as an advance for the supply of goods or services and remained unappropriated within Customers which remained
a period of 365 days from the date of acceptance. According to the information and unappropriated will be returned
explanations given to us, no Order has been passed on the company by the Company / refunded before 365 days
Law Board or National Company Law Tribunal or Reserve Bank of India or any Court from the date of acceptance
or any other Tribunal for non-compliance with the provisions of Section 73 to 76 of the henceforth.
Companies Act 2013.
(vi) We have broadly reviewed the books of account and records maintained by the This being a statement of
Company pursuant to the Rules made by the Central Government for the maintenance fact calls for no comments
of Cost Records under Section 148(1) of the Companies Act, 2013 and we are of the separately.
opinion that prima faciethe prescribed accounts and records have been made and
maintained. We have not however, made detailed examination of the records with the
view to determine whether they are complete.
(vii) (a) According to the information and explanations given to us and on the basis of our This being a statement of
examination of the records of the company, the Company has generally been fact calls for no comments
regular in depositing with the appropriate authorities, the undisputed statutory separately.
dues including Coal Mine Provident Fund, Income Tax, Goods and Services Tax,
Duty of Customs, Cess and other statutory dues applicable to it and details of
undisputed statutory dues as at 31st March 2023 outstanding for a period of more
than six months from the date they became payable are given below:


Name of the Nature of the Amount (Rs. Period to which Due Date Date of Remarks These statutory dues towards
Statute Dues in crore) the amount relates Payment
DMFT and NMET are pending for
Mines and 789.96 Upto - - Not Paid remittance as there is abnormal
Minerals 31-03-2022 delay in realization of dues from
(Development Contribution power customers in particular
to District 273.87 April, 2022 to 31/05/2022 - Not Paid
and TSGENCO & TSTRANSCO.
Mineral Foun- August, 2022 30/06/2022
Regulation)
dation 31/07/2022
Act,1957 As soon as the amounts are
31/08/2022
30/09/2022 realized from power customers
the statutory dues viz. DMFT and
97.79 Upto - - Not Paid
NMET shall be remitted to the
Contribution 31-03-2022
Government.
to National 18.26 April, 2022 to 31/05/2022 - Not Paid
Mineral August, 2022 30/06/2022 Regarding Building and Other
Exploration 31/07/2022 Construction Workers’ Welfare
Trust 31/08/2022 Cess liability is crystalized in
30/09/2022
pursuance of Hon’ble High Courts
The Building Building Cess 30.38 FY 2007-08 to FY - - Not Paid Order on the Writ Petition filled by
and Other 2022-23 the Company. The same will be
Construction remitted after firming up of the
Workers’
applicability on the works carried
Welfare Cess
Act, 1996 out in the Company Shortly.
(b) According to the information and explanations given to us and the records of the
company examined by us, the particulars of disputed statutory dues as at 31st
March, 2023 which have not been deposited are as under:
ANNEXURE ‘A’ Management reply on the

TO THE INDEPENDENT AUDITOR’S REPORT audit observations (Contd...)
S. Name of the Nature of Dues Amount not Period for which the Forum where dispute
No Statute depos- demand pertains to is pending (2019-20)
ited (in Rs.
Lakhs)
Clean Energy 0.15 February, 2012 to Dy. Commissioner of
Cess on captive November, 2012 Customs and Central
consumption of and August, 2013 to Excise
coal December, 2014
0.018 December, 2012 Assistant Commissioner
to July, 2013 and of Customs and Central
January, 2016 to Excise
December, 2016
The Central 0.034 January, 2015 to De- Joint Commissioner of
1 Excise Act, cember, 2015 Customs and Central
1944 Excise
213.39 As on 30.06.2017 CESTAT
Education Cess 0.78 March, 2011 Commissioner of
and Secondary Customs and Central
& Higher Educa- Excise
tion Cess on
Excise Duty The Appeals at various stages
5.18 March, 2011 to June, CESTAT are being contested by the
Excise duty
2015 Company with the help of
337.64 Prior to 2012 CESTAT, Bangalore Professional Firms wherever
necessary for an early and
1.54 April, 2013 to June, CESTAT, Hyderabad
Finance Act, favorable settlement.
2 Service Tax 2017
1994
97.72 FY 2016-17 & FY Commissioner of
2017-18 Central Tax & Customs
3 APGST Act, Sales Tax 1.10 FY 2001-02 High Court
1957
4 Andhra Professional tax 289.26 FY 1990-91 to 2022-23 Deputy. C.T.O,
Pradesh Tax Kothagudem
on Profes-
sions, Trades,
Callings and
Employments
Act, 1987
5 Entry Tax Act Entry tax 26.87 FY 2003-04, FY 2011- High Court
2001 12 to FY 2017-18
6 AP Motor Life Tax on Mo- 2.09 Various years up to High Court
Vehicles Act tor Vehicles 2011-12
7 AP Motor Entry tax on 77.03 2007-08 to 2017-18 High Court
Vehicles Act HEMM
8 Income Tax Income Tax 132.16 FY 2015-16, FY 2017- CIT (Appeals), National
Act, 1961 18 and FY 2019-20 Faceless Appeal Centre


S. Name of the Nature of Dues Amount Period for which Forum where dispute is
No Statute not depos- the demand per- pending
ited (in Rs. tains to The Appeals at various stages
Lakhs) are being contested by the
9 The Workmen’s Workmen’s Com- 1.93 Various years At different forums Company with the help of
Compensation pensation Professional Firms wherever
Act, 1923 necessary for an early and
10 The Forest Diversion for 7.91 2007-08 Forest Divisional Officer favorable settlement.
Rights Act, surface rights
2006
(viii) There were no transactions relating to previously unrecorded income that have been This being a statement of
surrendered or disclosed as income during the year in the tax assessments under fact calls for no comments
the Income Tax Act, 1961 (43 of 1961). Hence, reporting under clause 3(viii) is not separately.
applicable.
(ix) (a) According to the records of the company examined by us, and the information and This being a statement of
explanations given to us, there were no defaults in repayment of loans or other fact calls for no comments
borrowings or in the payment of interest thereon to any lender during the year separately.
under report.
(b) The company has not been declared wilful defaulter by any bank or financial This being a statement of fact
institution or other lender. calls for no comments separately.
(c) In our opinion and according to the information and explanations given to us by This being a statement of fact
the management, terms loans were applied for the purpose for which the loans calls for no comments separately.
were obtained.
(d) On an overall examination of the financial statements of the Company, funds This being a statement of
raised on short-term basis have, prima facie, not been used during the year for fact calls for no comments
long-term purposes by the Company. separately.
(e) On an overall examination of the financial statements of the company, the company This being a statement of
has not taken any funds from any entity or person on account of or to meet the fact calls for no comments
obligations of its subsidiary and its joint ventures. separately.
(f) The company has not raised loans during the year on the pledge of securities held This being a statement of fact
in its subsidiary and joint venture. calls for no comments separately.
(x) (a) The Company has not raised monies by way of initial public offer or further public This being a statement of
offer (including debt instruments) during the year. Hence, reporting under clause fact calls for no comments
3(x)(a) of the Order is not applicable. separately.
(b) During the year, the Company has not made any preferential allotment or pri- This being a statement of
vate placement of shares or convertible debentures (fully or partly or optionally). fact calls for no comments
Hence, reporting under clause 3(x)(b) of the Order is not applicable. separately.
(xi) (a) To the best of our knowledge and according to the information and explanations This being a statement of
given to us, during the year no material fraud by the company has been noticed fact calls for no comments
and material frauds has been reported as detailed hereunder, on the company by separately.
its officers or employees or others.

Vigilance department carries out

Amount involved
Sl. No Nature of Fraud investigations on issues referred
(Rs. in Crore)
to it, based on the complaints
1 Pilferage of scrap 0.22 and regularly keeps vigil on
2 Fake dependent employee claims 6.13 different managerial aspects
and systems for detecting and
preventing frauds, irregularities
and procedural deviations. The
frauds reported are as per the
vigilance activities.
(b) During the year, no report under sub-Section (12) of Section 143 of the Companies This being a statement of
Act has been filed in Form ADT- 4 as prescribed under rule 13 of Companies fact calls for no comments
(Audit and Auditors) Rules, 2014 with the Central Government. separately.
(c) As represented to us by the management, there are no whistle blower complaints This being a statement of fact
received by the Company during the year. calls for no comments separately.
(xii) The Company is not a Nidhi Company and hence reporting under clause 3(xii) of the This being a statement of fact
Order is not applicable. calls for no comments separately.
(xiii) According to the information and explanations given to us and the records of the This being a statement of
company examined by us, the transactions with the related parties are not in compliance fact calls for no comments
with the Section 177 and Section 188 of the Companies Act, 2013 and the details of separately.
related party transactions have been disclosed in the Standalone Ind AS Financial
Statements as required by the applicable accounting standards.
(xiv) (a) In our opinion the company has an adequate internal audit system commensurate This being a statement of
with the size and the nature of its business. fact calls for no comments
separately.
(b) We have considered the internal audit reports for the year under audit, issued to This being a statement of
the Company during the year and till date, in determining the nature, timing and fact calls for no comments
extent of our audit procedures. separately.
(xv) The Company has not entered into non-cash transactions with directors or persons This being a statement of
connected with its directors, and hence provisions of Section 192 of the Companies fact calls for no comments
Act, 2013 are not applicable to the Company. separately.
(xvi) (a) In our opinion, the Company is not required to be registered under Section 45-IA This being a statement of
of the Reserve Bank of India Act, 1934. Hence, reporting under clause 3(xvi)(a) fact calls for no comments
of the Order is not applicable. separately.
(b) The Company is not engaged in any non-banking financial housing finance This being a statement of
activities. Accordingly, the requirement to report on clause 3(xvi)(b) of the Order fact calls for no comments
is not applicable to the Company. separately.
(c) The Company is not a core investment company as defined in the Regulations This being a statement of
made by the Reserve Bank of India. Accordingly, the requirement to report on fact calls for no comments
clause 3(xvi)(c) of the Order is not applicable to the Company. separately.
(d) In our opinion, there is no core investment company within the Group (as defined This being a statement of
in the Core Investment Companies (Reserve Bank) Directions, 2016) and fact calls for no comments
accordingly reporting under clause 3(xvi)(d) of the Order is not applicable. separately.
(xvii) The Company has not incurred cash losses during the financial year covered by our This being a statement of fact
audit and in the immediately preceding financial year. calls for no comments sepa-
rately.


(xviii) There has been no resignation of the statutory auditors of the Company during the This being a statement of
year. Hence, reporting under clause 3(xviii) of the Order is not applicable. fact calls for no comments
separately.
(xix) On the basis of the financial ratios, ageing and expected dates of realisation of
financial assets and payment of financial liabilities, other information accompanying
the Standalone Ind AS Financial Statements, the auditors’ knowledge of the Board
of Directors and management plans and based on our examination of the evidence
supporting the assumptions, nothing has come to our attention, which causes us to
believe that any material uncertainty exists as on the date of the audit report indicating This being a statement of
that company is not capable of meeting its liabilities existing at the date of balance fact calls for no comments
sheet as and when they fall due within a period of one year from the balance sheet separately.
date. We, however, state that this is not an assurance as to the future viability of the
Company. We further state that our reporting is based on the facts up to the date of
the audit report and we neither give any guarantee nor any assurance that all liabilities
falling due within a period of one year from the balance sheet date, will get discharged
by the Company as and when they fall due.
(xx) (a) There are no unspent amounts towards Corporate Social Responsibility (CSR) This being a statement of
other than ongoing projects requiring a transfer to a Fund specified in Schedule fact calls for no comments
VII to the Companies Act within a period of six months of expiry of the financial separately.
year in compliance with second proviso to sub-Section (5) of Section 135 of
the said Act. Accordingly, reporting under clause 3(xx)(a) of the Order is not
applicable for the year.
(b) An amount of Rs.32.66 crores which is remaining unspent pursuant to ongoing fact calls for no comments
projects has been transferred to a special account in compliance with the separately.
provision of sub-Section 6 of Section 135 of the Companies Act, 2013. Refer
Note No. 39(5.15) of the Standalone Ind AS Financial Statements.
Sd/- Sd/- Sd/-

Date: 14.07.2023 Date: 14.07.2023 Date : 16.08.2023

ANNEXURE ‘B’ Management reply on the audit

TO THE INDEPENDENT AUDITOR’S REPORT observations (Contd...)
(Referred to in paragraph 2(f) under ‘Report on Other Legal and Regulatory (under section 134(3) of the Companies
Requirements’ Section of our report to the Members of The Singareni Collieries Act, 2013)
Company Limited of even date)
Report on the Internal Financial Controls under Clause (i) of Sub-Section 3 of
Section 143 of the Companies Act, 2013 (“the Act”)
We have audited the internal financial controls with reference to the financial This being a statement of fact calls for no
statements of The Singareni Collieries Company Limited (“the Company”) as of comments separately.
31st March, 2023 in conjunction with our audit of the Standalone Ind AS Financial
Statements of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial Controls
The Management of the Company is responsible for establishing and maintaining
internal financial controls based on the internal controls over financial reporting
criteria established by the Company considering the essential components of internal
control stated in the Guidance Note on Audit of Internal Financial Controls over
Financial Reporting issued by the Institute of Chartered Accountants of India. These This being a statement of fact calls for no
responsibilities include the design, implementation and maintenance of adequate comments separately.
internal financial controls that were operating effectively for ensuring the orderly and
efficient conduct of its business, including adherence to the Company’s policies, the
safeguarding of its assets, the prevention and detection of frauds and errors, the
accuracy and completeness of the accounting records, and the timely preparation of
reliable financial information, as required under the Companies Act, 2013.
Auditors’ Responsibility
Our responsibility is to express an opinion on the internal financial controls with
reference to the Standalone Ind AS Financial Statements of the Company based on
our audit. We conducted our audit in accordance with the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting (the “Guidance Note”) issued
by the Institute of Chartered Accountants of India and the Standards on Auditing
prescribed under Section 143(10) of the Companies Act, 2013, to the extent applicable
to an audit of internal financial controls. Those Standards and the Guidance Note
require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether adequate internal financial controls over
financial reporting was established and maintained and if such controls operated
effectively in all material respects. This being a statement of fact calls for no
comments separately.
Our audit involves performing procedures to obtain audit evidence about the
adequacy of the internal financial controls system with reference to Standalone Ind AS
Financial Statements and their operating effectiveness. Our audit of internal financial
controls with reference to Standalone Ind AS Financial Statements included obtaining
an understanding of internal financial controls with reference to Standalone Ind AS
Financial Statements, assessing the risk that a material weakness exists, and testing
and evaluating the design and operating effectiveness of internal control based on the
assessed risk.
The procedures selected depend on the auditors’ judgment, including the assessment
of the risks of material misstatement of the financial statements, whether due to fraud
or error.


Meaning of Internal Financial Controls with reference to Standalone Ind AS This being a statement of fact calls for no
Financial Statements comments separately.
A company’s internal financial control with reference to Standalone Ind AS Financial
Statements is a process designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles. A company’s
internal financial control with reference to Standalone Ind AS Financial Statements
includes those policies and procedures that,
(1) Pertain to the maintenance of records that, in reasonable detail, accurately and This being a statement of fact calls for no
fairly reflect the transactions and dispositions of the assets of the company; comments separately.
(2) Provide reasonable assurance that transactions are recorded as necessary to This being a statement of fact calls for no
permit preparation of financial statements in accordance with generally accepted comments separately.
accounting principles, and that receipts and expenditures of the company are
being made only in accordance with authorisations of management and directors
of the company; and
(3) Provide reasonable assurance regarding prevention or timely detection of This being a statement of fact calls for no
unauthorised acquisition, use, or disposition of the company’s assets that could comments separately.
have a material effect on the financial statements.
Inherent limitations of Internal Financial Controls with reference to Standalone This being a statement of fact calls for no
Ind AS Financial Statements comments separately.
Because of the inherent limitations of internal financial controls with reference to
Standalone Ind AS Financial Statements, including the possibility of collusion or
improper management override of controls, material misstatements due to error
or fraud may occur and not be detected. Also, projections of any evaluation of the
internal financial controls with reference to Standalone Ind AS Financial Statements
to future periods are subject to the risk that the internal financial control with reference
to Standalone Ind AS Financial Statements may become inadequate because of
changes in conditions, or that the degree of compliance with the policies or procedures
may deteriorate.
Qualified Opinion
According to the information and explanations given to us and based on our audit,
the following material weaknesses have been identified in the operating effectiveness
of the Company’s internal financial controls with reference to Standalone Ind AS
Financial Statements as at 31st March, 2023:
a) The joint reconciliation of major customers especially with regards to the power The Joint Reconciliation statements in
dues from TSDISCOMs/TSPCC is pending since FY 2019-20 which could respect of Power dues were submitted
potentially result in loss to the Company without establishing reasonable certainty for the pending periods and are
of ultimate collection. under process with TSPCC. The joint
Reconciliation statements are likely to
be signed shortly as the processing of
statements in TSPCC is in advance
stage. In Future, Balance Confirmation
will be obtained Periodically.
In respect of Coal dues, Joint
Reconciliation of all major Coal Customer
is being taken up regularly.

b) Penalties imposed/imposable on violation of Environment Clearance (EC) The violations already occurred in
conditions related to rated production. In view of this, there is a material respect of production are being ratified
weakness in the internal control mechanism with regard to the monitoring of the in the form of Remedial Action Plan.
EC conditions. However, necessary controls will be
exercised to ensure that EC conditions
are not violated in respect of production
quantities in future.
A ‘material weakness’ is a deficiency, or a combination of deficiencies, in internal
financial control over financial reporting, such that there is a reasonable possibility
that a material misstatement of the company’s annual financial statements will not be
prevented or detected on a timely basis.
In our opinion, the Company has, in all material respects, maintained adequate internal This being a statement of fact calls for no
financial controls with reference to the Standalone Ind AS Financial Statements as comments separately.
of 31st March, 2023, based on “the internal control over financial reporting criteria
established by the Company considering the essential components of internal
controls stated in the Guidance Note on Audit of Internal Financial Controls Over
Financial Reporting issued by the Institute of Chartered Accountants of India”, and
except for the effects/possible effects of the material weaknesses described above
on the achievement of the objectives of the control criteria, the Company’s internal
financial controls with reference to the Standalone Ind AS Financial Statements were
operating effectively as of 31st March, 2023.
We have considered the material weaknesses identified and reported above This being a statement of fact calls for no
in determining the nature, timing, and extent of audit tests applied in our audit of comments separately.
Standalone Ind AS financial statements of the Company for the year ended 31st March,
2023, and these material weaknesses do not affect our opinion on the Standalone Ind
AS Financial Statements of the Company.
Sd/- Sd/- Sd/-

Date: 14.07.2023 Date: 14.07.2023 Date : 16.08.2023


ANNEXURE ‘C’ TO THE INDEPENDENT AUDITOR’S REPORT

List of Assets (Lands) for which title deeds were not available as on 31st March, 2023
Sl. Capitalisation End book
Asset code. Description Extent UOM Area
No date value
1 111100000779 Deposit For Afforestation 16.10 - No.s 01-Apr-1986 25,409.00 BPA
2 111100000826 Comp-Land Acq.A10.25-Pipeline - No.s 01-Apr-2005 2,70,724.00 BPA
3 111100000831 Land Compensation-A8.17 Gts - No.s 01-Oct-2005 2,78,025.00 BPA
4 111200000031 10.30 Goleti-1 - No.s 01-Apr-1992 0.00 BPA
5 111200000043 DorliOcp - Mining Lease- Exp - No.s 01-Nov-2004 0.00 BPA
6 111200000052 Govt.LandApp.Rd&Trnsm.Line 0.22 ACR 01-May-2007 1.00 BPA
7 111300000177 Boipalli 32.12 Acre - No.s 01-Apr-1977 8,346.00 BPA
8 111300000186 Quarters Narasapur Block(Res.F - No.s 01-Apr-1983 5,913.56 BPA
9 111400000549 Ocp-2 Rcc Pillars At Res. Fore - 01-Apr-2000 1.00 BPA
10 111300000002 Revenue Staff Deputation Char L/Acquisition - ACR 01-Apr-1966 669.00 KGM
11 111300000004 Spl Staff Salary Appointed For L/Acquisition - ACR 01-Apr-1985 92,510.00 KGM
12 111300000198 PWD Road To Stores Approach Road (Acs3-22) 3.22 ACR 01-Apr-1968 1,061.00 MMR
13 111300000199 RKP RLY.SIDING (Acs 41-00) 41.00 ACR 01-Apr-1970 9,074.00 MMR
14 111300000206 KK-1 CSP Rly Siding ( Acs.01-04gts) 1.04 ACR 01-Apr-1965 384.00 MMR
15 111300000217 KK-2 Banglow Area Qtrts 25.00 ACR 01-Apr-1959 3,721.00 MMR
16 111400000315 Kk2 (Acs 22-00+03-04 Gts) Sy. No. 129/2,125 123/3 25.25 ACR 01-04-1960 4,901.00 MMR
17 111200000273 Govt Land (1304 Project) 30.11 ACR 01-Apr-2000 0.92 MNG
18 111100001394 Janagaon 20.26 ACR 01-Apr-1997 12,041.00 RG-I
19 111100000030 Lands Gdk No 8 Incline 2.87 ACR 01-Apr-2006 26,35,022.92 RG-II
20 111100000064 28.11 Jallaram 28.11 ACR 01-Apr-1991 1.00 RG-II
22 111100000066 Land of Jallaram 1.00 ACR 01-Apr-1975 27,813.00 RG-II
23 111100000070 Lands Gdk 8 Incline Colony 153.27 ACR 01-Apr-2006 4,40,850.00 RG-II
24 111100000071 Lands Gdk 8 Incline Colony 48.16 ACR 01-Apr-2006 2,98,039.00 RG-II
26 111100000076 Land of Jallaram 1.00 ACR 01-Apr-1988 14,27,097.00 RG-II
27 111100000078 Alluru 108.16 Acrs 108.16 ACR 01-Apr-1989 43,50,625.00 RG-II
28 111100000083 Jallaram Op 358/87 - ACR 01-Apr-1990 15,30,501.00 RG-II
30 111300000012 37.14 Jallaram 37.14 ACR 01-Apr-1973 1.00 RG-II
31 111400000448 MAREDUPAKA - For OCP3 1.00 ACR 01-Apr-1990 1,16,601.00 RG-II
32 111100000984 Lands - 01-Apr-1983 94,33,596.00 YLD
33 Multiple codes Lands 726.54 ACR Various dates Not quantified RG-II& RG-III
Sd/- Sd/- Sd/-

Date: 14.07.2023 Date: 14.07.2023 Date : 16.08.2023


INDEPENDENT AUDITOR’S REPORT
audit observations
on the Audit of Consolidated Ind AS Financial Statements
(under section 134(3) of the
To the Members of
Report on the Audit of the Consolidated Ind AS Financial Statements:

Opinion
We have audited the accompanying Consolidated Ind AS Financial Statements of The
Singareni Collieries Company Limited(“the Holding company”) its subsidiary, Andhra Pradesh
Heavy Machinery and Engineering Limited (Holding company and its subsidiary together
--
referred as “the Group”), comprising the Consolidated Balance Sheet as at 31st March, 2023,
the Consolidated Statement of Profit and Loss (including Other Comprehensive Income), the
Consolidated Statement of Changes in Equity and the Consolidated Statement of Cash Flows
for the year ended on that date, and notes to the Consolidated Ind AS Financial Statements,
including a summary of the significant accounting policies (hereinafter referred to as “the
Consolidated Ind AS Financial Statements”).
In our opinion and to the best of our information and according to the explanations given to
us, the aforesaid Consolidated Ind AS Financial Statements give the information required by
the Companies Act, 2013 (the “Act”) in the manner so required and give a true and fair view
in conformity with the accounting principles generally accepted in India, of the consolidated --
state of affairs of the Group as at 31st March, 2023, the consolidated profit, consolidated total
comprehensive income, consolidated changes in equity and its consolidated cash flows for
the year ended on that date.
Basis for Opinion
We conducted our audit of the Consolidated Ind AS Financial Statements in accordance
with the Standards on Auditing (SAs) specified under section 143(10) of the Act (SAs). Our
responsibilities under those Standards are further described in the Auditors’ Responsibilities
for the Audit of the Consolidated Ind AS Financial Statements section of our report. We are
independent of the Group in accordance with the Code of Ethics issued by the Institute of --
Chartered Accountants of India (ICAI) together with the independence requirements that are
relevant to our audit of the Consolidated Ind AS Financial Statements under the provisions of
the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities
in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion on the Consolidated Ind AS Financial Statements.
Key Audit Matters
Key Audit matters are those matters that in our professional judgment, were of most signifi-
cance in our audit of the Consolidated Ind AS Financial Statements of the current period. These This being a statement of fact
matters were addressed in the context of our audit of the financial statements as a whole, and calls for no comments sepa-
in forming our opinion thereon, and we do not provide a separate opinion on these matters. rately.
We have determined the matters described below to be the key audit matters in respect of the
Holding company to be communicated in our report.


audit observations
Sl.
Key Audit Matter Auditor’s Response
no
1 Provisions and Contingent Liabilities: Principal audit procedures:
A. Provision for Mine closure, Site Res- Our audit procedures included the
toration and Decommissioning ob- following –
ligation:
• Evaluated the approach
The company is accounting for provision
adopted by the company in
towards its obligation for mine closure, site
determining the expected costs
restoration and decommissioning based
of decommissioning.
on detailed calculations and technical
assessment and timing of the future cash • Identified the cost assumptions
spending to perform the required work. used that have the most significant
The estimated cost is inflated to the year impact on the provisions and The Auditors have reported this
in which such cost is to be incurred. The tested the appropriateness of issue as a Key Audit Matter
said provision is required to be discounted these assumptions. in view of its significance and
to the present value. This measurement of materiality involved. They
discounting rate capturing the real finance • Reviewed the appropriateness of have also mentioned the Audit
cost involves high inherent uncertainty. discount and inflation rates used
Procedure followed by them.
in the estimation.
Further, Ministry of Environment and
Forests’ stipulations involves reducing • Verified the unwinding of interest
the depth of the final void of certain as well as understanding if any
open cast mines to 30/35/40 meters restoration was undertaken
from surface either by backfilling of separately.
during the year.
overburden or maintenance of water body.
Environmental clearance was received • Relied on the judgements of
in respect of OC mines for which the the internal & external technical
company proposed to maintain the final experts for the use of technical
void as water bodies. The estimation of evaluation.
cost per hectare of final void based on
• Performed a review to ensure
final void area, necessary engineering
that all key movements were
interventions and other required activities
understood, corroborated and
is made by in-house technical professional
recorded correctly.
and outside technical experts in Mining,
Project planning and environmental fields. • Assessed the appropriateness
This area involves significant management of the disclosures made in the
judgement and estimates that have been Consolidated Ind AS Financial
identified as having high estimation Statements.
uncertainty.

audit observations
Sl. Key Audit Matter Auditor’s Response

no
B. Provision for Overburden Removal Principal audit procedures:
The Company is accounting the expenditure Our audit procedures included the
incurred on Overburden (OB) removal- following –
Stripping cost with respect to Open Cast • Evaluated the approach adopted
(OC) mines at projected Stripping Ratio by the company in estimating the
which is estimated by the Management projected stripping ratio of Coal
irrespective of the ratio of Actual OB reserves, determining the mining
removal during any particular year. This reserves of Coal & Overburden
estimation involves significant judgements and cost of OB removal.
to be made by the Management. The
• Reviewed the past quantities of
Company reviews the stripping ratios of all
coal and overburden extracted
OC Projects once in three years. However,
from the respective mines and
revision/re-estimation of stripping ratios
whether due consideration was
may be necessitated owing to significant
given in estimating the projected
changes in the Mining and geological
stripping ratio.
structures, recommendation of scientific The Auditors have reported this
studies of high wall, the dump stability • Tested the consistency of, and issue as a Key Audit Matter
and statutory restrictions imposed by rationale for, the contingent factors in view of its significance and
Government authorities, reorganisation/ applied in deriving the stripping materiality involved. They
closure of mines and changes in reserves ratio in respect of the OC mines for have also mentioned the Audit
of Coal & overburden due to various which the change is necessitated. Procedure followed by them.
reasons such as Bore Hole density and • Discussed with the Management
Risk of difference in Reserves, Geological regarding the factors considered
disturbances, shifting of seam In-crops, This being a statement of
in estimating the balance reserves
Risk of Grade Slippage etc. In case any fact calls for no comments
and their extraction plan with
such significant deviation occurs, such separately.
respect to the mines where
review is being taken up on occurrence. the revision of stripping ratio is
undertaken.
• Relied on the judgements of the
internal technical experts for the
use of technical evaluation.
• Performed a review to ensure
that all key movements were
understood, corroborated and
recorded correctly.
• Assessed the appropriateness
of the disclosures made in the
Financial Statements.


audit observations
Sl.
no
Key Audit Matter Auditor’s Response
C) Contingent Liabilities Principal audit procedures:
The company has received certain claims Our procedures included, but were not
from the Government authorities, variable limited to, the following:
cost claims from TSDISCOMs, contractors, • Obtained an understanding from the
land pattadars and employees, which
management with respect to process
are disputed. These involve high degree
and controls followed by the Company
of judgement to determine the possible
for identification and monitoring of
outcomes and estimates relating to the
significant developments in relation to
timing and the amount of outflow of
the litigations, including completeness The Auditors have reported this
resources embodying economic benefits.
thereof. issue as a Key Audit Matter
• Obtained the list of litigations from in view of its significance and
the management and reviewed materiality involved. They
their assessment of the likelihood have also mentioned the Audit
of outflow of economic resources Procedure followed by them.
being probable, possible or remote
in respect of the litigations. This
involved assessing the probability
of an unfavourable outcome of a
given proceeding and the reliability of separately.
estimates of related amounts.
• Assessed management’s
conclusions through discussions held
with the in-house legal counsel and
understanding precedents in similar
cases;
• Assessed and validated the
adequacy and appropriateness of the
disclosures made by the management
in the Consolidated Ind AS Financial
Statements.
INDEPENDENT AUDITOR’S REPORT Management reply on the

audit observations
Emphasis of Matter
Without qualifying our opinion, we draw attention to the following mattersin the Standalone Ind
AS Financial Statements of the Holding company:
a) Refer Note 8.4 regarding non-receipt of proceeds of Rs.200 Crore of APPFC Power
bonds matured on 18th July, 2022 representing TSPFC share, the Company has not made
provision for expected credit loss as the bonds are backed by Sovereign Guarantee.
Further, the Company has not recognized interest from the date of maturity of the interest
coupon period.
b) Refer Note 6.3 (iii) and (iv) regarding non-receipt of interest of Rs.264.53 Crore (net of
TDS) on TSSPDCL Power Bonds, the Company has not made provision for expected
credit loss as the bonds are backed by Sovereign Guarantee. The Auditors have drawn
specific attention of the
c) Refer Note 12B.4 regarding disputed trade receivables of Rs.527.69 Crore as on
members on these matters,
31.03.2023, the Company has not made provision for expected credit loss as the dispute/
though these issues/
clarification is pending before Hon’ble Telangana State Electricity Regulatory Commission
transactions / provisions
(TSERC).
have been appropriately
d) Refer Note 27.2 (ii) regarding withdrawal of provision for backfilling at Medipalli OCP recognised, presented and
for an amount of Rs.1188.15 Crore due to change in the Site Restoration obligation disclosed in the Financial
from backfilling to waterbody maintenance with adequate engineering interventions for statements as per the
sustenance of aquatic life in pursuance of revised EAC Minutes. Provisions of Ind AS.
e) Refer Note 39.6.5 regarding the alignment of method of closing stock valuation with the
Cost accounting records, on account of which there is a net increase in the profit before
tax by Rs.51.25 crore for the financial year 2022-23.
f) Refer Note 22.3(iii) and (iv) regarding reassessment of mine closure provision on account
of adoption of revised mine lives in respect of 7 mines and consequent to the revised
Escrow agreements entered during the year 2022-23 in respect of 22 mines. As a result
of this, there is a decrease in provision by Rs.13.21 crore and increase in provision by
Rs.78.53 crore.
Information Other than the Consolidated Ind AS Financial Statements and Auditors’
Report Thereon
The Holding company’s Board of Directors is responsible for the preparation of the other --
information. The other information comprises the information included in the Company’s Annual
report related to Consolidated Ind AS Financial Statements, but does not include the Consolidated
Ind AS Financial Statements and our auditors’ report thereon.
Our opinion on the Consolidated Ind AS Financial Statements does not cover the other information
--
and we do not express any form of assurance conclusion thereon.
In connection with our audit of the Consolidated Ind AS Financial Statements, our responsibility
is to read the other information and, in doing so, consider whether the other information is
--
materially inconsistent with the Consolidated Ind AS Financial Statements or our knowledge
obtained during the course of our audit or otherwise appears to be materially misstated.
If, based on the work we have performed and based on the work done/audit report of the other
auditor, we conclude that there is a material misstatement of this other information, we are --
required to report that fact. We have nothing to report in this regard.


audit observations
Responsibilities of Management and Those Charged with Governance for the Consolidated
Ind AS Financial Statements
The Holding company’s Board of Directors is responsible for the matters stated in section 134(5)
of the Act with respect to preparation and presentation of these Consolidated Ind AS Financial
Statements in terms of the requirements of the Act that give a true and fair view of the consolidated
financial position, consolidated financial performance, consolidated total comprehensive income,
consolidated changes in equity and consolidated cash flows of the Group with the accounting
principles generally accepted in India, including the Accounting Standards specified under
Section 133 of the Act. The respective Board of Directors of the companies included in the Group
are responsible for maintenance of the adequate accounting records in accordance with the
provisions of the Act for safeguarding the assets of the Group and for preventing and detecting
frauds and other irregularities; selection and application of appropriate accounting policies;
making judgments and estimates that are reasonable and prudent; and design, implementation
and maintenance of adequate internal financial controls, that were operating effectively for --
ensuring the accuracy and completeness of the accounting records, relevant to the preparation
and presentation of the Consolidated Ind AS Financial Statements that give a true and fair view
and are free from material misstatement, whether due to fraud or error, which have been used
for the purpose of preparation of the Consolidated Ind AS Financial Statements by the Directors
of the Holding company, as aforesaid.
In preparing the Consolidated Ind AS Financial Statements, the respective Board of Directors
of the companies included in the Group are responsible for assessing the Group’s ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and
using the going concern basis of accounting unless Board of Directors either intends to liquidate
the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are also responsible
for overseeing the financial reporting process of the Group.
Auditors’ Responsibilities for the Audit of the Consolidated Ind AS Financial Statements
Our objectives are to obtain reasonable assurance about whether the Consolidated Ind AS
Financial Statements as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high
level of assurance, but is not a guarantee that an audit conducted in accordance with Standards --
on Auditing (SAs) will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they
could reasonably be expected to influence the economic decisions of users taken on the basis of
these Consolidated Ind AS Financial Statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain
professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the Consolidated Ind AS
Financial Statements, whether due to fraud or error, design and perform audit procedures
responsive to those risks, and obtain audit evidence that is sufficient and appropriate to
--
provide a basis for our opinion. The risk of not detecting a material misstatement resulting
from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal financial controls relevant to the audit in order to
design audit procedures that are appropriate in the circumstances. Under section 143(3)
(i) of the Act, we are also responsible for expressing our opinion on whether the Holding --
company have adequate internal financial controls system with reference to Consolidated
Ind AS Financial Statements in place and the operating effectiveness of such controls.

audit observations
• Evaluate the appropriateness of accounting policies used and the reasonableness of

--
accounting estimates and related disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant doubt on the ability of the
Group to continue as a going concern. If we conclude that a material uncertainty exists,
we are required to draw attention in our auditors’ report to the related disclosures in the --
Consolidated Ind AS Financial Statements or, if such disclosures are inadequate, to modify
our opinion. Our conclusions are based on the audit evidence obtained up to the date of
our auditors’ report. However, future events or conditions may cause the Group to cease
to continue as a going concern.
• Evaluate the overall presentation, structure and content of the Consolidated Ind AS
Financial Statements, including the disclosures, and whether the Consolidated Ind AS
--
Financial Statements represent the underlying transactions and events in a manner that
achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the
entities or business activities within the Group to express an opinion on the Consolidated
Ind AS Financial Statements. We are responsible for the direction, supervision and
performance of the audit of the financial information of the Holding company included
in the Consolidated Ind AS Financial Statements of which we are the independent
--
auditors. For the subsidiary included in the Consolidated Ind AS Financial Statements,
which has been audited by other auditor, such other auditor remains responsible for the
direction, supervision and performance of the audit carried out by them. We remain solely
responsible for our audit opinion. Our responsibilities in this regard are further described
in para (a) of the section titled ‘Other Matters’ in this audit report.
We believe that the audit evidence obtained by us along with the consideration of audit report
of the other auditors referred to in para (a) of the Other Matters paragraph below, is sufficient
--
and appropriate to provide a basis for our audit opinion on the Consolidated Ind AS Financial
Statements.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant --
deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all
--
relationships and other matters that may reasonably be thought to bear on our independence,
and where applicable, related safeguards.
Other Matters
We did not audit the financial statements of the subsidiary whose financial statements reflect
total assets of Rs.55.42 crore as at 31st March 2023, total revenues of Rs.45.41 crore and net
cash outflow amounting to Rs.11.13 crore for the year ended on that date, as considered in the
Consolidated Ind AS Financial Statements. This financial statements have been audited by This being a statement of
other auditor whose report has been furnished to us by the Management and our opinion on the fact calls for no comments
Consolidated Ind AS Financial Statements, in so far as it relates to the amounts and disclosures separately
included in respect of the subsidiary, and our report in terms of sub-section (3) and (11) of section
143 of the Act, insofar as it relates to the aforesaid subsidiaries, is based solely on the report of
the other auditor.


audit observations
Our opinion on the Consolidated Ind AS Financial Statements, and our report on Other
Legal and Regulatory Requirements below, is not modified in respect of the above matter
--
with respect to our reliance on the work done and the report of the other auditor and the
financial statements furnished to us by the Management.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”) issued by the
Central Government of India in terms of sub-section (11) of section 143 of the Act, we give --
in the Annexure A, a statement on the matter specified in paragraph 3 (xxi) of CARO 2020.
2. As required by section 143(3) of the Act, based on our audit and on the consideration of
report of the other auditors’ report of subsidiary, as noted in the “Other Matter” paragraph, --
we report, to the extent applicable, that
a) We have sought and obtained all the information and explanations which to the best of
our knowledge and belief were necessary for the purposes of our audit of the aforesaid --
Consolidated Ind AS Financial Statements;
b) In our opinion, proper books of account as required by law relating to preparation of the
aforesaid Consolidated Ind AS Financial Statements have been kept so far as it appears --
from our examination of those books;
c) The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss (including
Other Comprehensive Income), Consolidated Statement of Changes in Equity and the
Consolidated Cash Flows Statement dealt with by this Report are in agreement with the --
relevant books of account maintained for the purpose of preparation of the Consolidated
Ind AS Financial Statements;
d) In our opinion, the aforesaid Consolidated Ind AS Financial Statements comply with the
--
Indian Accounting Standards (Ind AS) specified under Section 133 of the Act.
e) In pursuance to the Notification No. G.S.R 463 (E) dated 05-06-2015 issued by the
Ministry of Corporate Affairs, Section 164 (2) of the Companies Act, 2013 pertaining to --
disqualification of Directors, is not applicable to the Government Companies.
f) With respect to the adequacy of the internal financial controls with reference to Consolidated
Ind AS Financial Statements of the Holding company and its subsidiary and the operating --
effectiveness of such controls, refer to our separate report in “Annexure B”.
g) In pursuance to the Notification No. G.S.R 463 (E) dated 05-06-2015 issued by the Ministry
of Corporate Affairs, Section 197 of the Companies Act, 2013 pertaining to remuneration --
to Directors, is not applicable to the Government Companies.
h) with respect to the other matters to be included in the Auditors’ Report in accordance with
Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended in our opinion --
and to the best of our information and according to the explanations given to us:
(i) the Consolidated Ind AS Financial Statements disclose impact of pending litigations This being a statement of
on the consolidated financial position of the Group – Refer Additional Note No 39(4A) fact calls for no comments
of the Consolidated Ind AS Financial Statements. separately
(ii) The Group does not have any long-term contracts including derivative contracts for
--
which there were any material foreseeable losses.

audit observations
(iii) There is no delay in transferring the amounts which were required to be transferred
to the Investor Education and Protection Fund by the Holding company. There were
no amounts which were required to be transferred to the Investor Education and
Protection Fund by the Subsidiary Company.
(iv) (a) The respective managements of the Holding company and Subsidiary company
whose financial statements have been audited under the Act have represented to us
and the other auditor of such subsidiary, to the best of its knowledge and belief, no
funds (which are material either individually or in the aggregate) have been advanced
or loaned or invested (either from borrowed funds or share premium or any other
sources or kind of funds) by the Company to or in any other person or entity, including --
foreign entity (“Intermediaries”), with the understanding, whether recorded in writing
or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest
in other persons or entities identified in any manner whatsoever by or on behalf of the
Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on
behalf of the Ultimate Beneficiaries;
(b) The respective managements of the Holding company and Subsidiary company
whose financial statements have been audited under the Act have represented to us
and other auditor of such subsidiary, that, to the best of its knowledge and belief, no
funds (which are material either individually or in the aggregate) have been received
by the Company from any person or entity, including foreign entity (“Funding
--
Parties”), with the understanding, whether recorded in writing or otherwise, that
the Company shall, whether, directly or indirectly, lend or invest in other persons or
entities identified in any manner whatsoever by or on behalf of the Funding Party
(“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of
the Ultimate Beneficiaries;
(c) Based on the audit procedures that have been considered reasonable and appropriate
in the circumstances, nothing has come to our notice that has caused us to believe
----
that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under
(a) and (b) above, contain any material misstatement.
(v) (i) With respect to Holding company, as stated in Note No.39(11) to the Standalone Ind
--
AS Financial Statements
(a) The final dividend proposed in the previous year, declared and paid by the Company
--
during the year, is in accordance with Section 123 of the Act, as applicable.
(b) The Board of Directors of the Company has proposed the final dividend for the year
which is subject to the approval of the members at the ensuing Annual General
Meeting. The amount of dividend proposed is in accordance with section 123 of the
separately.
Act, as applicable
(ii) With respect to Subsidiary Company, it has neither declared nor paid any dividends
during the financial year.
(vi) Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books
of account using accounting software which has a feature of recording audit trail (edit
log) facility is applicable with effect from April 1, 2023 to the Holding company and its
subsidiary, which is incorporated in India, and accordingly, reporting under Rule 11(g) of
Companies (Audit and Auditors) Rules, 2014 is not applicable for the financial year ended
31st March, 2023.


audit observations
3. As required by the section 143(5) of the Companies Act 2013, and as per the directions of
Comptroller and Auditor General of India, we report that:
Sl.
no Directions Auditor’s Reply
1. Whether the company has system in place to According to the information and explanations
process all the accounting transactions through given to us, the Company has ERP system (SAP)
IT system? If yes, the implications of processing to process all the accounting transactions through This being a statement of fact
of accounting transactions outside IT system IT system. Our examination of the records did not calls for no comments separately.
on the integrity of the accounts along with the reveal any transactions not coming within the
financial implications, if any, may be stated. purview of IT system stated above.
2 Whether there is any restructuring of an existing According to the information and explanations
loan or cases of waiver/write off of debts/loans/ given to us by the Company, there was no
interest etc. made by a lender to the company restructuring or cases of waiver/write off of debts
due to the company’s inability to repay the /loans/interest etc. made by the lender to the This being a statement of fact
loan? If yes, the financial impact may be stated. company due to company’s inability to repay the calls for no comments separately.
Whether such cases are properly accounted loan during the year ended 31.03.2023.
for? (In case, lender is a Government company,
then this direction is also applicable for statutory As there were no such cases, reporting under this
auditor of lender company). clause is not applicable.
3. Whether funds (grants/subsidy etc.) received/ CCDAC Grants
receivable for specific schemes from Central/ During the year, the company has recognised
State Government or its agencies were properly an amount of Rs.7.69 crores as revenue grant
accounted for/ utilized as per its term and against protective works as per the approval
conditions? List the cases of deviation. accorded by CCDAC and the same has been
utilised as per the terms and conditions applicable
During the year, capital grant of Rs.151.47 crores
were recognised as receivable from CCDAC.
This being a statement of fact
During the year, the Company has received an
calls for no comments separately.
amount of Rs.0.67 crore and Rs.45.04 crore
towards revenue and capital grants respectively.
Refer Note No. 39.5.2A
Solar Grants – Viability Gap Funding (VGF):
During the year, the Company has recognised
second and final instalment of VGF Grant of
Rs.27 crore against the Solar Plants (Phase II)
Refer Note No. 39.5.2A
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UDIN: 23200523BGSVPY2022 UDIN: 2302101BHIWF5828
Date : 14.07.2023 Date : 14.07.2023 Date : 16.08.2023

Place : Hyderabad Place : Hyderabad Place : Hyderabad
ANNEXURE ‘A’ Management reply on the audit

on the Consolidated Ind AS Financial Statements of The Singareni Collieries Com- (under section 134(3) of the
pany Limited for the year ended 31st March, 2023 Companies Act, 2013)
In our opinion and according to the information and explanations given to us, following
Companies incorporated in India and included in the Consolidated Ind AS Financial Statements,
--
have unfavorable remarks, qualifications or adverse remarks given by the respective auditors in
their reports under the Companies (Auditor’s Report) Order, 2020 (CARO):
S. Name CIN Holding Clause number of

No Company/ the CARO report
Subsidiary which is unfavor-
able or qualified or
adverse The Management Replies /
1 The Singareni U10102TG1920SGC000571 Holding (i)(c) Remarks furnished on the Joint
Collieries Company Statutory Auditors Observations in
Company Ltd their Audit Report on Standalone
2 The Singareni U10102TG1920SGC000571 Holding (v) Financial Statements at relevant
Collieries Company Paras holds good for these
Company Ltd observations mentioned in the
3 The Singareni U10102TG1920SGC000571 Holding (vii) (a) Audit Report on the Consolidated
Collieries Company Financial Statements.
Company Ltd
4 The Singareni U10102TG1920SGC000571 Holding (xi)
Collieries Company
Company Ltd
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UDIN: 23200523BGSVPY2022 UDIN: 2302101BHIWF5828
Date: 14.07.2023 Date: 14.07.2023 Date : 16.08.2023


ANNEXURE ‘B’ Management reply on the

TO THE INDEPENDENT AUDITOR’S REPORT audit observations
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 (under section 134(3) of the
of the Companies Act, 2013 (“the Act”) Companies Act, 2013)
In conjunction with our audit of the Consolidated Ind AS Financial Statements of The Singareni
Collieries Company Limited (hereinafter referred to as “the Holding company”) as of and for
the year ended 31st March 2023, we have audited the internal financial controls with reference --
to the Consolidated Ind AS Financial Statements of the Holding company and its Subsidiary
incorporated in India under the Companies Act, 2013 as of that date.
Management’s Responsibility for Internal Financial Controls
The respective Company’s management and the Board of Directors are responsible for
establishing and maintaining internal financial controls over financial reporting criteria established
by the respective Company considering the essential components of internal control stated in This being a statement of
the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by fact calls for no comments
the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, separately.
implementation and maintenance of adequate internal financial controls that were operating
effectively for ensuring the orderly and efficient conduct of its business, including adherence to
the respective company’s policies, the safeguarding of its assets, the prevention and detection
of frauds and errors, the accuracy and completeness of the accounting records, and the timely
preparation of reliable financial information, as required under the Companies Act, 2013.
Auditors’ Responsibility
Our responsibility is to express an opinion on the Company’s internal financial controls with
reference to Consolidated Ind AS Financial Statements based on our audit. We conducted our
audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial
Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to This being a statement of
be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an fact calls for no comments
audit of internal financial controls, both applicable to an audit of Internal Financial Controls with separately.
reference to the Consolidated Ind AS Financial Statements. Those Standards and the Guidance
Note require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether adequate internal financial controls with reference to the
Consolidated Ind AS Financial Statements was established and maintained and if such controls
operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the
internal financial controls system with reference to Consolidated Ind AS Financial Statements
and their operating effectiveness. Our audit of internal financial controls with reference to
Consolidated Ind AS Financial Statements included obtaining an understanding of internal
financial controls with reference to Consolidated Ind AS Financial Statements, assessing the
risk that a material weakness exists, and testing and evaluating the design and operating
effectiveness of internal control based on the assessed risk. The procedures selected depend
on the auditors’ judgment, including the assessment of the risks of material misstatement of the
Consolidated Ind AS Financial Statements, whether due to fraud or error.
Meaning of Internal Financial Controls with reference to Consolidated Ind AS Financial
Statements
A company’s internal financial control with reference to Consolidated Ind AS Financial Statements This being a statement of
is a process designed to provide reasonable assurance regarding the reliability of financial fact calls for no comments
reporting and the preparation of financial statements for external purposes in accordance with separately.
generally accepted accounting principles. A company’s internal financial control with reference
to Consolidated Ind AS Financial Statements includes those policies and procedures that

(1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly This being a statement of
reflect the transactions and dispositions of the assets of the company; fact calls for no comments
separately.
(2) provide reasonable assurance that transactions are recorded as necessary to permit This being a statement of
preparation of financial statements in accordance with generally accepted accounting fact calls for no comments
principles, and that receipts and expenditures of the company are being made only in separately.
accordance with authorisations of management and directors of the company; and
(3) provide reasonable assurance regarding prevention or timely detection of unauthorised This being a statement of
acquisition, use, or disposition of the company’s assets that could have a material effect on fact calls for no comments
the financial statements. separately.
Inherent Limitations of Internal Financial Controls with reference to Consolidated Ind AS

Financial Statements
Because of the inherent limitations of internal financial controls with reference to Consolidated
Ind AS Financial Statements, including the possibility of collusion or improper management This being a statement of
override of controls, material misstatements due to error or fraud may occur and not be fact calls for no comments
detected. Also, projections of any evaluation of the internal financial controls with reference separately.
to Consolidated Ind AS Financial Statements to future periods are subject to the risk that the
internal financial control with reference to Consolidated Ind AS Financial Statements may
become inadequate because of changes in conditions, or that the degree of compliance with
the policies or procedures may deteriorate.
Qualified Opinion
According to the information and explanations given to us and based on our audit, the following
material weaknesses have been identified in the operating effectiveness of the Holding
company’s internal financial controls with reference to Standalone Ind AS Financial Statements
as at 31st March, 2023:
a) The joint reconciliation of major customers especially with regards to the power dues from
The Joint Reconciliation
TSDISCOMs/TSPCC is pending since FY 2019-20 which could potentially result in loss to the
statements in respect of
Holding company without establishing reasonable certainty of ultimate collection.
Power dues were submitted
for the pending periods
and are under process
with TSPCC. The joint
Reconciliation statements
are likely to be signed
shortly as the processing of
statements in TSPCC is in
advance stage. In Future,
Balance Confirmation will be
obtained Periodically.
In respect of Coal dues, Joint
Reconciliation of all major Coal
Customer is being taken up
regularly.


b) Penalties imposed/imposable on violation of Environment Clearance (EC) conditions The violations already occurred
related to rated production. In view of this, there is a material weakness in the internal control in respect of production are
mechanism with regard to the monitoring of the EC conditions. being ratified in the form of
Remedial Action Plan.
However, necessary controls
will be exercised to ensure that
EC conditions are not violated
in respect of production quanti-
ties in future.
A ‘material weakness’ is a deficiency, or a combination of deficiencies, in internal financial
control over financial reporting, such that there is a reasonable possibility that a material
misstatement of the company’s annual or interim financial statements will not be prevented or
detected on a timely basis.
In our opinion, the Group has, in all material respects, maintained adequate internal financial
controls with reference to the Consolidated Ind AS Financial Statements as of 31st March,
2023, based on “the internal control over financial reporting criteria established by the Holding
company considering the essential components of internal controls stated in the Guidance This being a statement of
Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute fact calls for no comments
of Chartered Accountants of India”, and except for the effects/possible effects of the material separately.
weaknesses described above on the achievement of the objectives of the control criteria,
the Group’s internal financial controls with reference to the Consolidated Ind AS Financial
Statements were operating effectively as of 31st March, 2023.
We have considered the material weaknesses identified and reported above in determining the
nature, timing, and extent of audit tests applied in our audit of Consolidated Ind AS Financial This being a statement of
Statements of the Holding company for the year ended 31st March, 2023, and these material fact calls for no comments
weaknesses do not affect our opinion on the Consolidated Ind AS Financial Statements of the separately.
Company.
Other Matter
Our report under Section 143(3)(i) of the Act on the adequacy and operating effectiveness of This being a statement of
the internal financial controls with reference to Consolidated Ind AS Financial Statements of fact calls for no comments
the Holding company, in so far as it relates to subsidiary, is based on corresponding report of separately.
the auditor of subsidiary.
Sd/- Sd/- Sd/-

UDIN: 23200523BGSVPY2022 UDIN:23021012BHAIWF5828
Date: 14.07.2023 Date: 14.07.2023 Date : 16.08.2023

Sri N. Sridhar, IAS, C&MD, SCCL and Vice Chancellor of Osmania University exchanging
MOU Documents on Chair a Professor Program
Newly built Double bedroom residential quarters at Bhupalpalli Area

Balance Sheet (Standalone) as at 31st March 2023

(Rs. in Crore)
As at As at
S. Note As at
Particulars 31.03.2022 01.04.2021
No. No 31.03.2023
*(Restated) *(Restated)
ASSETS:
A. Non-Current Assets:
(a) Property, Plant and Equipment 3 19,588.53 17,049.54 14,449.96
(b) Capital Work-In-Progress 4 831.83 1,350.48 1,535.99
(c) Investment Properties 5A 26.20 1.04 1.06
(d) Right of Use Assets 5B 15.23 15.98 14.82
(e) Intangible Assets 5C 381.35 0.41 0.80
(f) Intangible Assets - Under Development 5D 25.50 598.16 367.11
(g) Financial Assets: -
(i) Investments 6 1,809.37 1,809.37 2,809.37
(ii) Trade Receivables 12A 483.74 - -
(iii) Others 8A 8,283.81 6,513.13 4,738.53
(h) Deferred Tax Assets (Net) 9 1,374.69 1,829.33 2,016.12
(i) Other Non-Current Assets 10 1,172.18 829.73 579.72
Total Non-Current Assets (A) 33,992.43 29,997.17 26,513.48
B. Current Assets:
(a) Inventories 11 2,097.07 1,459.08 1,461.04
(b) Financial Assets:
(i) Trade Receivables 12B 14,751.84 14,640.30 9,400.33
(ii) Cash and Cash Equivalents 13 928.19 460.37 886.33
(iii) Bank Balances Other than 14 516.15 64.28 692.08

(ii) above
(iv) Investments 6 500.25 1,000.00 0.96
(v) Loans 7 40.79 55.81 60.17
(vi) Others 8B 1,246.51 665.01 546.91
(c) Current Tax Assets (Net) 15 22.49 27.58 133.58
(d) Other Current Assets 16 1,896.34 1,150.56 1,082.39
Total Current Assets (B) 21,999.63 19,522.99 14,263.79
TOTAL ASSETS (A+B) 55,992.06 49,520.16 40,777.27
Balance Sheet (Standalone) as at 31st March 2023 (Contd...)

(Rs. in Crore)
As at As at
S. As at
Particulars Note No 31.03.2022 01.04.2021
No. 31.03.2023
A. EQUITY AND LIABILITIES:
EQUITY:
(a) Equity Share Capital 17 1,733.20 1,733.20 1,733.20
(b) Other Equity 18 10,203.00 8,081.29 6,964.78
Total Equity (A) 11,936.20 9,814.49 8,697.98
B. LIABILITIES:
B.1 Non-Current Liabilities:
(a) Financial Liabilities:
(i) Borrowings 19A 2,369.91 2,776.29 3,621.26
(ii) Lease Liabilities 21 A-1 4.40 9.39 3.69
(iii) Other Financial Liabilities 21 B-1 247.99 304.17 281.10
(b) Provisions 22.1 31,275.29 25,696.12 20,536.62
Total Non-Current Liabilities (B.1) 33,897.59 28,785.97 24,442.67
B.2 Current Liabilities:
(i) Borrowings 19B 455.03 1,363.26 1,724.58
(ii) Trade Payables
- Dues to Micro Enterprises and 20.1 11.66 18.35 25.95
Small Enterprises
- Dues to Others 20.2 1,213.63 995.51 826.08
(iii) Lease Liabilities 21 A-2 11.46 7.35 12.72
(iv) Other Financial Liabilities 21 B-2 850.47 1,070.54 1,510.73
(b) Other Current Liabilities 24 4,155.00 5,479.89 2,363.96
(c) Provisions 22.2 3,461.02 1,984.80 1,172.60
(d) Current Tax Liabilities (Net) 25 - - -
Total Current Liabilities (B.2) 10,158.27 10,919.70 7,636.62
Total Liabilities (B=(B.1+B.2)) 44,055.86 39,705.67 32,079.29
TOTAL EQUITY AND LIABILITIES (A+B) 55,992.06 49,520.16 40,777.27
*The comparative information is restated on account of changes/modifications to Accounting Policies and correction of errors
(Refer Note No.39.6 and 39.9)
The accompanying Notes form an integral part of Financial Statements:
For and on behalf of the Board
Sd/- Sd/- Sd/- Sd/-
(K. Sunitha Devi) (Mullapudi Subba Rao) (N. Balram) (N. Sridhar)
Company Secretary General Manager (F&A) Director (Finance) & CFO Chairman & Managing Director
ACS No. 51468 DIN: 08319629 DIN: 02510496
As per our Report of even date
For Brahmayya & CO For M. ANANDAM & CO
Chartered Accountants, Chartered Accountants,
Firm Regn No.000513S Firm Regn No.000125S
Sd/- Sd/-
(CA.T.V. Ramana) (CA M.R. Vikram)
Partner Partner
Membership No. 200523 Membership No.021012
Date : 14.07.2023
Place : Hyderabad

Statement of Profit and Loss (Standalone) for the year ended 31st March 2023
(Rs. in Crore)
For the year ended
S. Note
Particulars 31.03.2022
No. No. 31.03.2023
*(Restated)
REVENUE FROM OPERATIONS:
(I) Revenue from Operations 26 26,185.51 20,495.10
(II) Other Income 27 2,569.96 1,395.12
(III) Total Income (I+II) 28,755.47 21,890.22
(IV) EXPENSES:
Cost of Materials Consumed 28 6,484.34 4,535.11
Changes in Inventories of Finished goods 29 (638.79) (22.18)
Employee Benefits Expense 30 8,131.48 6,689.06
Finance Costs 31 1,600.73 1,326.10
Depreciation and Amortization expenses 31A 2,276.42 1,619.76
Power & Fuel 32 427.07 394.38
Repairs & Maintenance 33 272.46 225.11
Contractual Expenses 34 2,964.15 2,761.38
Provisions 35 143.37 807.18
Write offs 36 71.35 337.93
Stripping Activity (OBR) Adjustment 2,676.01 775.54
Other Expenses 37 917.42 670.83
Total Expenses (IV) 25,326.01 20,120.20
(V) Profit before Exceptional Items and Tax (III-IV) 3,429.46 1,770.02
(VI) Exceptional Items 38 (144.61) 36.78
(VII) Profit Before Tax (V) - (VI) 3,574.07 1,733.24
(VIII) Tax Expense:
(1) Current Tax 397.27 304.72
(2) Deferred Tax 580.40 199.00
Total Tax Expense 977.67 503.72
(IX) Profit for the year from Continuing Operations (VII - VIII) 2,596.40 1,229.52
(X) Profit/(Loss) from discontinued operations - -
(XI) Tax expenses of discontinued operations - -
(XII) Profit/ (loss) from discontinued operations (After Tax) (X- XI) - -
Statement of Profit and Loss (Standalone) for the year ended 31st March 2023 (Contd...)
(Rs. in Crore)
For the year ended

S.
Particulars Note No.
No. 31.03.2022
31.03.2023
*(Restated)
(XIII) Profit for the year (IX+XII) 2,596.40 1,229.52
(XIV) Other Comprehensive Income (OCI):
A. Items that will not be reclassified to profit or loss 38A
Remeasurement of Employee Benefit Obligations (499.71) (48.52)
Less: Income tax relating to items that will not be 125.77 12.21
reclassified to Profit or Loss on above
B. Items that will be reclassified to profit or loss - -
Less: Income tax relating to items that will not be - -

Total Other Comprehensive Income (XIV) (373.94) (36.31)
(XV) Total Comprehensive Income for the year (XIII+XIV) 2,222.46 1,193.21
(XVI) Earnings per Equity Share (Face value of Rs.10/- each): 39.5.4
(1) Basic (in Rs.) 14.98 7.09
(2) Diluted (in Rs.) 14.98 7.09
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ACS No. 51468 DIN: 08319629 DIN: 02510496
Sd/- Sd/-
Partner Partner
Date : 14.07.2023
Place : Hyderabad

STATEMENT OF CHANGES IN EQUITY (STANDALONE) FOR THE PERIOD

ENDED 31ST MARCH, 2023
A. EQUITY SHARE CAPITAL
As at 31st March 2023: (Rs.in Crore)
Changes in Changes in
Equity Share Equity Share
Balance as at Restated Balance Balance as at
Particulars Capital due to Capital during
01.04.2022 as at 01.04.2022 31.03.2023
prior period the current
errors year
Equity Shares 1,733.20 - 1,733.20 - 1,733.20
Particulars Capital due to Capital during
01.04.2021 as at 01.04.2021 31.03.2022
prior period the current
errors year
Equity Shares 1,733.20 - 1,733.20 - 1,733.20
B. OTHER EQUITY
(1) Current Reporting Year: (Rs.in Crore)
Remeasure-
Fly Ash ment of de-
General Retained
Particulars Utilisation fined benefits Total
Reserve Earnings
Reserve plans (Net of
Tax) - (OCI)
Balance as on 01.04.2022 18.89 1,860.40 6,641.48 (439.48) 8,081.29
Profit for the Year - - 2,596.40 - 2,596.40
Other Comprehensive Income (net of tax) - - - (373.94) (373.94)
Dividends paid for 2021-22 - - (129.99) - (129.99)
Transfer (from)/to Retained Earnings - 100.00 (100.00) - -
Addition during the Year 29.24 - - - 29.24
Fly Ash Reserve Utilization (Capital - - - - -
Expenditure)
Balance as on 31.03.2023 48.13 1,960.40 9,007.89 (813.42) 10,203.00
STATEMENT OF CHANGES IN EQUITY (STANDALONE) FOR THE PERIOD

ENDED 31ST MARCH, 2023 (Contd...)
(2) Previous Reporting Year (Rs.in Crore)
Remeasure-
Fly Ash ment of de-
General Retained
Particulars Utilisation fined benefits Total
Reserve Earnings
Reserve plans (Net of
Tax) - (OCI)
Balance as on 01.04.2021 8.93 1,760.40 5,542.46 (403.17) 6,908.62
Adjustments for Prior Period Errors (net of - - (73.41) - (73.41)
Deferred Tax)
Adjustments for changes in Accounting - - 129.57 - 129.57
Policies (net of Deferred Tax)
Restated Balance as on 01.04.2021 8.93 1,760.40 5,598.62 (403.17) 6,964.78
Profit for the Year (Restated) - - 1,229.52 - 1,229.52
Other Comprehensive Income (net of tax) - - - (36.31) (36.31)
(Restated)
Transfer to/(from) Retained Earnings - 100.00 (100.00) - -
Addition during the Year 9.96 - - - 9.96
Expenditure)

Sd/- Sd/- Sd/- Sd/-
ACS No. 51468 DIN: 08319629 DIN: 02510496
Sd/- Sd/-
Partner Partner
Date : 14.07.2023
Place : Hyderabad

CASH FLOW STATEMENT (STANDALONE) FOR THE YEAR 2022-23

(Rs. in Crore)
For the year ended
Particulars
31.03.2023 31.03.2022
A CASH FLOW FROM OPERATING ACTIVITIES
Profit Before Tax and Exceptional items, OCI 3,429.46 1,770.02
Adjustments for:
Depreciation, Amortization Expenses 2,276.42 1,619.76
Provision for Impairment 69.16 758.93
Assets / CWIP/Obsolete Stores Written off 66.35 6.72
Write off of Bad & Doubtful Debts/Advances 5.00 331.20
Provision for Bad debts & Adv, obsolete stores Etc 74.21 48.25
Non - Current Provisions & Liabilities 1,254.72 11.64
Finance Costs 1,600.73 1,326.12
Fly Ash Sale Proceeds including interest transferred to Reserve 29.24 9.96
Stripping Activity Adjustment 2,676.01 775.54
Adjustments for Variable Consideration (Grade Variation Coal) 378.72 48.52
Unrealised Foreign Exchange (Gain)/Loss (0.06) (3.78)
Provisions / Liabilities Written Back (1561.43) (545.87)
Interest Income on Investments (191.52) (260.25)
Interest Income on Term Deposits (75.96) (86.15)
Interest Income on LIC-ETB (449.23) (305.53)
Income from Mutual Funds (9.61) (0.36)
Fair Value Change - Mutual Funds (0.27) 0.02
Profit on Sale of Property, Plant and Equipment (1.69) (3.04)
Actuarial gains/(losses) routed through other comprehensive income (499.71) (48.51)
Exceptional Items 144.61 5,785.68 (36.78) 3,646.40
Operating Profit Before Working Capital Changes 9,215.14 5,416.42
Adjustments towards changes in Working Capital
(Increase)/Decrease in Inventories (659.52) (3.46)
(Increase)/Decrease in Trade Receivables (1,022.21) (5,678.59)
Increase/(Decrease) in Trade Payables 228.78 178.03
(Increase)/Decrease in Loans, Other Financial Assets and (1,739.19) (517.95)
Other Assets (Current/Non-Current)
Increase/(Decrease) in Financial liabilities, Other Liabilities (1250.70) 4,041.80
and Provisions (Current/Non-Current)
Tax paid Including TDS/TCS (399.66) (4,842.50) (307.29) (2,287.46)
Net Cash flow from Operating Activities (A) 4,372.64 3,128.95
B CASH FLOW FROM INVESTING ACTIVITIES
Increase in Property, Plant & Equipment (including Capital (1,203.52) (1,609.89)
Work-in-progress and Intangible Assets under Development)
(Increase)/ Redemption of Investments 800.00 -
(Investment) / maturity of Fixed Deposits>3 months & 12 Months (1,210.19) 666.10
maturity period
Investment in LIC/ETB (734.23) (1,623.53)
Interest Income on LIC-ETB 449.23 305.53
Interest Income on Investments 191.52 260.25
Interest Income on Term Deposits 75.96 86.15
Income from Mutual Funds 9.88 0.34
(Investments)/Sale (in)/ of Mutual Funds (500.25) 0.96
Cash Flow from Investing Activities (B) (2,121.59) (1,914.08)
CASH FLOW STATEMENT (STANDALONE) FOR THE YEAR 2022-23 (Contd.)

(Rs. in Crore)
For the year ended
Particulars
31.03.2023 31.03.2022
C. CASH FLOW FROM FINANCING ACTIVITIES
Increase/ (Decrease) in Borrowings (882.00) (294.51)
Increase/(Decrease) in Demand Loans from Banks - (225.05)
Changes in Cash Credit (7.10) (12.48)
Increase/(Decrease) in Unsecured Loans - (1,050.00)
Increase/(Decrease) in Working Capital Loans (425.51) 375.74
Interest Expense (other than unwinding costs) (328.85) (326.20)
Dividend paid (129.99) (86.66)
Lease Payments (Right of Use Assets) (17.74) (16.19)
Interest Cost - Leases (1.50) (1.40)
Cash Flow from Financing activities (C) (1,792.69) (1,636.75)
D Net increase in Cash and Cash Equivalents(A+B+C) 458.36 (421.88)
E Cash & Cash Equivalents at the beginning of the year 459.91 881.79
F Cash & Cash Equivalents at the end of the year (D+E) 918.27 459.91
Cash and Cash Equivalents for the purpose of the Statement of Cash-Flows
(Rs. in Crore)
Particulars 2022-23 2021-22
Cash & Bank Balances at the beginning of the year 460.37 886.33
Overdraft in current account (0.46) (4.54)
Cash & Bank Balances at the end of the year 928.19 460.37
Notes:
1. Cash and cash equivalents consist of Cash and balances with banks and deposits with original maturity of upto three months.
2. Reconciliation between the opening and closing balances in the balance sheet for liabilities arising from financing activities:

CASH FLOW STATEMENT (STANDALONE) FOR THE YEAR 2022-23 (Contd.)

For the year ended 31st March 2023 (Rs. in Crore)
Non-current Current Lease Liabilities

Particulars
borrowings borrowings (ROU)
Opening balance as at 1st April, 2022 2,776.29 1,363.26 16.74
Proceeds from borrowings/(repayment) during the year (net) (406.38) (908.23)
Non-cash changes due to:
- Acquisitions under Lease Liabilities - - (0.88)
Closing balance as at 31st March 2023 2,369.91 455.03 15.86

Non-current Current Lease Liabilities
Particulars
borrowings borrowings (ROU)
Proceeds from borrowings/(repayment) during the year (net) (844.97) (361.32)
- Acquisitions under Lease Liabilities - - 0.33
Closing balance as at 31st March 2022 2,776.29 1,363.26 16.74

Sd/- Sd/- Sd/- Sd/-
ACS No. 51468 DIN: 08319629 DIN: 02510496
Sd/- Sd/-
Partner Partner
Date : 14.07.2023
Place : Hyderabad
Notes to the Standalone Financial Statements for the year ended 31st March, 2023
NOTE 1. CORPORATE OVERVIEW

The Singareni Collieries Company Limited (‘SCCL’ or ‘the Company’) is a Government coal mining company jointly
owned by the Government of Telangana and Government of India on a 51:49 equity basis.
The Company is mainly engaged in mining of coal. As a part of diversification, the company has entered in to power
generation and presently operating 2 X 600 MW Singareni Thermal Power Plant (STPP). The major coal consumers
of the company are from power and cement sectors. Power Purchase Agreement is entered with TS DISCOMs to sell
the power generated from the Power Plant
The Company’s coal reserves stretch across 350 Km of the Pranahita – Godavari Valley of Telangana with a proven
geological reserves aggregating to approx. 8800 million tonnes. SCCL is currently operating 21 opencast and
24 underground mines in 6 districts of Telangana. Further, the company was allotted Naini coal block at Angul
District, Odisha State with appox.341 million tonnes of extractable reserves. The operations at this Coal block would
commence shortly.
SCCL is at present has not listed its stocks anywhere.
NOTE 2. SIGNIFICANT ACCOUNTING POLICIES:

2.1 Basis of preparation of financial statements
A) Statement of Compliance
The financial statements of the Company are prepared using accrual basis of accounting in accordance with Indian
Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended
and the relevant provisions of The Companies Act, 2013 and The Electricity Act, 2003.
B) Basis of Measurement:
The financial statements are prepared on historical cost basis of measurement, except for
● Financial Assets and Liabilities measured at fair value (Accounting Policy on financial instruments in para
No.2.2.16);
● Defined benefit plans- plan assets measured at fair value;
● Inventories at Cost or NRV whichever is lower (Accounting Policy in para No. 2.2.5).
● Other claims and revenues (Accounting policy No.2.2.1.E)
● Certain Provisions are measured at fair value ( Accounting Policy No.2.2.7)
C) Functional or presentation currency:
The financial statements are presented in Indian rupees, which is the functional currency of the Company.
All financial information presented in Indian rupees has been rounded to the nearest Crore up to two decimal
points.
D) Use of Estimates and Judgement
The preparation of financial statements in conformity with Ind AS requires management to make judgments,
estimates and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying
assumptions are reviewed on a periodic basis. Revisions to accounting estimates are recognized in the period
in which the estimates are revised and in any future periods affected.

Notes to the Standalone financial statements for the year ended 31st March, 2023 (Contd...)
E) Formulation of Accounting Policies:

Accounting policies are formulated in a manner that result in financial statements containing relevant and
reliable information about the transactions, other events and conditions to which they apply. Those policies
need not be applied when the effect of applying them is immaterial.
In the absence of an Ind AS that specifically applies to a transaction, other event or condition, management has
used its judgement in developing and applying an accounting policy that results in information that is:
a) relevant to the economic decision-making needs of users; and
b) reliable in that financial statements:
i) represent faithfully the financial position, financial performance and cash flows of the entity;
ii) reflect the economic substance of transactions, other events and conditions, and not merely the
legal form;
iii) are neutral, i.e. free from bias;
iv) are prudent; and
v) are complete in all material respects on a consistent basis
In making the judgement management refers to, and considers the applicability of, the following sources in
descending order:
a) the requirements in Ind ASs dealing with similar and related issues; and
b) the definitions, recognition criteria and measurement concepts for assets, liabilities, income and expenses
in the Framework.
In making the judgement, management considers the most recent pronouncements of International Accounting
Standards Board and in absence thereof those of the other standard-setting bodies that use a similar conceptual
framework to develop accounting standards, other accounting literature and accepted industry practices, to the
extent that these do not conflict with the sources in above paragraph.
The company operates in the mining sector (a sector where the exploration, evaluation, development production
phases are based on the varied topographical and geo-mining terrain spread over the lease period running
over decades and prone to constant changes), the accounting policies whereof have evolved based on specific
industry practices supported by research committees and approved by the various regulators owing to its
consistent application over the last several decades. In the absence of specific accounting literature, guidance
and standards in certain specific areas which are in the process of evolution. The Company continues to strive
to develop accounting policies in line with the development of accounting literature and any development
therein shall be accounted for prospectively as per the procedure laid down above more particularly in
Ind AS 8.
F) Materiality
Management uses judgement of materiality for determining the compliance requirement of the Ind AS.
Management also uses judgment in deciding whether individual items or groups of item are material in the
financial statements. Materiality is judged by reference to the size and nature of the item. The deciding factor
is whether omitting, misstating or obscuring it could reasonably be expected to influence decisions that the
primary users of general purpose financial statements make on the basis of those financial statements, which
provide financial information about the company.
A Transaction is considered material only if it exceeds Rs.50.00 lakh in each case for the purpose of adjustments
for Pre-paid and Prior period items.
2.2 Summary of Accounting Policies:

2.2.1 Revenue recognition
Revenue from Operations is recognised duly adopting the five-step model specified in Ind AS 115 to account for
revenue arising from contracts with customers and requires that revenue be recognized at an amount that reflects
the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a
customer.
The Company exercises judgement, taking into consideration all of the relevant facts and circumstances when
applying each step of the model to contracts with their customers. Further, the Company has adopted Ind AS 115
using the modified retrospective transition method of adoption.
A. Sale of Goods – Coal :
Sales are recognised when control of the products has been transferred to the customer, being when the
products are delivered to the customer and there is no unfulfilled obligation that could affect the customer’s
acceptance of the products.
Emphasis is also given towards ascertaining the probability of recovery for recognition of the revenue at the
inception of the contract. Revenue from these sales is recognised based on the notified prices, net of the
estimated discounts, rebates, returns and Goods and Service tax.
Revenue is measured at the standalone fair value of the consideration received or receivable (net of accepted
deductions allowed to customers on account of quality of coal) taking into account contractually defined terms
of payment.
The company’s obligation to provide a refund for defects in the products is recognised as a provision. A
receivable is recognised when the goods are delivered as this is the point in time that the consideration is
unconditional because only the passage of time is required before the payment is due.
B. Sale of Electricity
Revenue from Sale of Electricity is recognised in accordance with the terms of Power Purchase Agreement
(PPA) and the principles laid down under the relevant Tariff Regulations / Tariff Orders notified by the Hon.
Telangana State Electricity Regulatory Commission (TSERC). Revenue from sale of Electricity is recognized
over time.
C. Sale of Solar Banked Units:
Revenue from Sale of Solar Banked Units is recognized for the Banked Units taken over by TSTRANSCO as
reduced by applicable Banking Charges, at the Rate / Unit notified by Hon’ble TSERC for the relevant year.
D. Rendering of services:
When the outcome of a transaction involving the rendering of services can be estimated reliably, revenue
associated with the transaction is recognised with reference to the stage of completion of the transaction at the
end of the reporting period.
E. Recognition of Interest income
Interest income is recognized using the effective interest rate method.
F. System of accounting of certain specific claims/revenues:
a. Penalty for short lifting of coal, on termination of contracts, for delay in supply of material/execution of
contracts and Interest on belated payment of coal dues on realisation. For this purpose, the invocation
of Bank Guarantee is considered as realization.

b. The interest/ Late Payment Surcharge on late payment/ overdue sundry debtors for sale of power is
recognised when no significant uncertainty as to measurability or collectability exists.
c. Escalation in prices and duties for explosives, equipment and spares supplied on payment.
d. Credit towards Powder factor is accounted as and when recovered from the suppliers of Explosives.
e. Additional claims from contractors on Capital Works when claims are settled, other than subsidiary.
f. Scrap sales are accounted for as and when lifted; and
g. Insurance Claims on receipt.
h. Bonus accrued in respect of OBR contracts on receipt of claims from the contractors as per order terms
for encashment.
i. Fly Ash Utilization Reserve Fund :
Proceeds from sale of Fly ash along-with income on investment of such proceeds are transferred to
‘Fly Ash Utilization Reserve Fund’ in pursuance of directives from Ministry of Environment and Forests,
Government of India. The fund is utilized towards expenditure on development of infrastructure / facilities,
promotion & facilitation activities for use of fly ash.
2.2.2 Grants from Government
Government Grants are not recognised until there is reasonable assurance that the company will comply with the
conditions attached to them and that there is reasonable certainty that grants will be received.
Government Grants related to Assets are presented in the Balance Sheet as a deduction from the carrying amount
of the respective asset.
Grants related to Income (i.e. grant related to other than assets) are presented as part of Statement of Profit or
Loss.
Government Grants in the form of transfer of Government (assigned) Lands for use are presented at Nominal Value.
2.2.3 Property, Plant and Equipment:
A. Recognition and measurement:
Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses, if
any. Cost includes expenditures directly attributable to the acquisition of the asset and the initial estimate of
the costs of dismantling and removing the item and restoring the site on which it is located. The Company has
elected to apply the optional exemption to use this previous GAAP value as deemed cost as at 1 April 2015, the
date of transition.
The recognition of the Property, plant and equipment is subject to the following principles:
1. Land:
a. Lands are capitalized from the date of taking possession / Award whichever is earlier. Payments made
for Renewal of Leasehold lands are capitalized from the date of payment.
b. Freehold Lands (Patta lands, lands acquired under Land Acquisition Act, 1894, Right to Fair Compensation
and Transparency in Land Acquisition Rehabilitation and Resettlement Act, 2013 and Govt. Assigned
lands) include cost of acquisition, Compensation, rehabilitation expenses, resettlement cost and interest
upto the date of taking possession.
c. Leasehold Lands (Forest lands) include cost of compensatory land, NPV, afforestation and deforestation
expenditure with regard to acquisition of forest land.
2. Railway sidings:
Complete track renewals and sleeper renewals on Railway Sidings are capitalised on completion of the work.
3. Plant & Equipment:
a. Following items are classified as Capital;
i) PVC Armoured Cables of all sizes; and
ii) G.I. Pipes of 2” Dia and above.
b. Expenditure on Rehabilitation of HEMM and other Major Plant and Machinery is treated as Capital
expenditure if such expenditure increases the future benefit from the Asset beyond its previously assessed
standard of performance.
c. Equipment received for Projects under construction/ Mines under development but not installed and
commissioned by the end of the year is shown as Capital Works-in-Progress.
B. Depreciation:
i) Depreciation on other Property, Plant and Equipment is provided on written down value method on the
assets capitalised before 01.04.1985.
ii) Depreciation on property, plant and equipment, except freehold land, is provided as per cost model on
straight line basis over the estimated useful lives of the asset as follows as per the Schedule II of the
Companies Act,2013.
iii) In case of Thermal Power Plant related Assets, the rates of depreciation as stipulated by CERC are
adopted. However, certain Assets whose life is expected to be less than the CERC specified lives, the
lower lives are adopted for depreciation of such Assets.
iv) Machinery Spares which can be used only as a significant part of an item of Property, Plant & Equipment
and whose use is expected to be irregular are capitalised and depreciated over the useful life of the
spares.
v) The estimated useful lives of the Assets are reviewed at the end of each financial year.
vi) In some cases based on technical evaluation, the management believes that the useful lives given below
best represents the period over which the management expects to use the asset. Hence the useful lives
of the below mentioned assets are lower than the useful lives prescribed under Part C of schedule II of
companies act, 2013:
 LHDs 7 Years
 Jumbo Drills at CDF Panel 7.5 Years
 SDLs 4 Years
 Self Contained Self Rescuers 10 Years
 35T Dumpers 6 Years
 Hydraulic Shovels upto 5 CU.M 7 Years
 Blast Hole Drills <160mm 7 Years
 Coal Tubs 1 Year
 Winding Ropes 1 Year
 Safety Lamps 1 Year
 Stowing Pipes 1 Year

 Assets whose actual cost does not exceed Rs.5,000/- 1 Year

vii) Value of leasehold lands is amortised over a period of 10 years or over the lease period whichever is
lower:
- from the date possession in case of fresh leases
- from the date of payment in case of renewal of leases.
viii) Freehold Lands used for UG/OC mining Operations are amortized over the Life of the respective Mine/
Project.
ix) Buildings (Factory), Buildings (Others) and Roads used at Mines are depreciated over the useful life
of the respective Mine or the useful lives of the Assets as per Schedule II of the Companies Act, 2013,
whichever is lower.
C) When parts of an item of property, plant and equipment, with a cost that is significant in relation to the total
cost of the item, have different useful lives, they are accounted for as separate items (major components) of
property, plant and equipment. Subsequent expenditure relating to property, plant and equipment is capitalized
only when it is probable that future economic benefits associated with these will flow to the Company and the
cost of the item can be measured reliably. For this purpose spares having a value of Rs.25.00 lakh/unit and
above are considered as Major Spares (i.e. Significant Components) and the same are depreciated over the
estimated useful life of the respective spare.
D) The cost and related accumulated depreciation are eliminated from the financial statements upon sale or
disposition of the asset and the resultant gains or losses are recognized in the statement of profit and loss.
2.2.4 Intangible assets
Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over
their respective estimated useful lives on a straight line basis, from the date that they are available for use. The estimated
useful life of an identifiable intangible asset is based on a number of factors including the effects of obsolescence,
demand, competition and other economic factors (such as the stability of the industry and known technological
advances) and the level of maintenance expenditures required to obtain the expected future cash flows from the asset.
Cost of ERP software recognized as intangible asset is amortised over a period of 5 years.
Expenditure incurred on any facility, the ownership of which is not vested with the company, but the incurrence
of which is essential in bringing an asset/ projects of the Company to the location and condition necessary to be
capable of operating in the manner intended by the Management, shall be capitalized and amortized over the period
corresponding to the period of deriving economic benefits from such Enabling Assets.
2.2.5 Inventory:
A. Stock of Coal:
i) Wherever variation (+/-) between the volumetrically measured coal stocks (including washery products)
and the book stocks is more than 5%, the volumetrically measured stock balances are adopted.
The quantities of closing stock of Coal thus arrived at are valued after effecting a reduction of 5% to
provide for anticipated storage losses.
ii) Closing stock of coal including stock at washeries, coal-in-wagons, washed coal, is valued at lower of
cost and net realisable value.
Closing stock of washery by products viz., rejects, slurry and fines are valued at net realisable value
(shale and stone at nil value)
Coal stock at STPP is valued at lower of the Cost (being the cost of production of the respective issuing
Mines/CHP as arrived at as per para (iii) below plus transportation costs and taxes) or the Net Realisable
Value (being the Energy charges realisable from Customer).
iii) The cost of production of respective Under Ground (UG) and Open Cast (OC) mines is considered as
cost of coal for the stocks of respective UG and OC mines. The cost of stock at CHP and other stocking
points is arrived by considering the ratio of admittance of coal from UG and OC mines during the year.
The Cost of Production as per the Cost Accounting records is considered as Cost of Production for
valuation of closing Stock of Coal as per Ind AS 2 - Inventories.
iv) Cost of washed coal is calculated at average cost of production of coal as at (iii) above plus washery
charges adjusted to standard yield, and by deducting NRV of by products from the cost thus arrived.
v) The net realisable value of grade-wise coal (including washed coal, rejects, slurry and fines) is arrived at
on the basis of selling price to power utilities and mark up/ cost plus price wherever applicable less re-
handling charges.
B. Stores & Spares
i) Stores & Spares (including loose tools) and Medicines (including surgical and other hospital items) are
valued at Weighted Average cost.
ii) Suitable Provision for slow, non-moving and obsolescence is provided on review of stores and spares
on annual basis considering the general time frame of 3 years and 5 years for classifying the Stores and
Spares held for use in Mining Operations and Thermal Power Plant Operations, respectively.
C. Other Inventories
Stock of provisions, stationery and sand are not valued and are charged directly to consumption on receipt.
2.2.6 Borrowing costs
Borrowings costs directly attributable to acquisition or construction of an asset that necessarily takes a substantial
period of time to get ready for its intended use are capitalised as part of the cost of the asset. All other borrowing costs
are expensed in the period in which it occurs.
2.2.7 Mine Closure, Site Restoration and Decommissioning Obligations:
A. Mine closure Plan:
i) The company’s obligation for land reclamation and decommissioning of structures consists of spending at
both surface and underground mines in accordance with the guidelines from Ministry of Coal, Government
of India.
ii) The company estimates its obligation for Mine Closure, Site Restoration and Decommissioning based
upon detailed calculation and technical assessment of the amount and timing of the future cash spending
to perform the required work. Mine Closure expenditure is provided as per approved Mine Closure
Plan.
iii) The estimates of expenses are escalated for inflation, and then discounted at a discount rate that
reflects the current market assessment of the time value of money and the risks, such that the amount of
provision reflects the present value of the expenditures expected to be required to settle the obligation.
The company records a corresponding asset associated with the liability for final reclamation and mine
closure. The obligation and corresponding assets are recognised in the period in which the liability is
incurred. The asset representing the total site restoration cost as per mine closure plan is recognised as
a separate item in PPE and amortised over the balance project/mine life.
iv) The value of the provision is progressively increased over time as the effect of discounting unwinds;
creating an expense recognised as financial expenses.
v) Further, a specific escrow fund account is maintained for this purpose as per the approved mine closure
plan.

vi) The progressive mine closure expenses incurred on year to year basis forming part of the total mine
closure obligation is initially recognised as receivable from escrow account and thereafter adjusted with
the obligation in the year in which the amount is withdrawn after the concurrence of the certifying Agency.
vii) Specific realistic estimation of final mine closure obligation in respect of Mines having balance lives of 5
years or less is made every year by Technical department.
B. Backfilling of Overburden/Water Body Maintenance:
i) In order to comply with the Ministry of Environment & Forest’s stipulation regarding reducing the depth
of the final void of certain opencast mines to 30/35/45 meters from surface, re-handling/dumping over
burden (OB) is to be carried out to reduce the final void as per the MOEF stipulation. The reduction of the
final void can be done either (i) by re-handling the Overburden of the external/ internal dumps or (ii) by
dumping the OB produced from the adjacent/relay projects.
ii) Re-handling of Overburden of the external/internal dumps incurs additional cost which is provided for
The cost of dumping from the adjacent / relay project is considered as the cost of Overburden removal of
the adjacent/relay project.
iii) The estimation of quantity of Overburden (OB) required to backfill the final void is made by in-house
technical estimation by professionals in Mining, Project Planning Environment fields. Total cost of
Backfilling required is estimated, based on the total quantity to be backfilled in cubic metres at the end of
mine life, at the SCCL weighted average rate of OB Removal (excluding the cost of blasting) outsourced
operations.
iv) Specific realistic estimation of backfilling obligation in respect of OC Mines having balance life of 3 years
or less is made every year by the Technical department.
v) In respect of OC Mines for which the Company proposed to maintain the Final voids as Water bodies,
approval is accorded by MoEF with a condition to provide adequate engineering interventions for
sustenance of aquatic life in case the depth of the final void exceeds 40m.
vi) The Engineering interventions and other required activities incur additional expenditure which is provided
for.
vii) Estimation of cost per Hectare of Final void based on the final void area (Ha), necessary engineering
interventions and other required activities is made by in-house technical professionals in Mining, Project
Planning and Environment fields.
viii) The estimation of Liability and corresponding recognition of Asset, discounting of liability and depreciation
of asset and unwinding of liability etc, shall be as per the procedure mentioned at accounting policy no
2.2.7.A.(iii) and (iv).
2.2.8 Exploration and Evaluation assets
Exploration expenditure relates to the initial search for deposits with economic potential. Expenditure on exploration
activity is treated as revenue expenditure.
Evaluation expenditure relates to a detailed assessment of deposits or other projects that have been identified as
having economic potential. Capitalisation of evaluation expenditure commences when there is a high degree of
confidence that the Company will determine that a project is commercially viable, that is the project will provide a
satisfactory return relative to its perceived risks, and therefore it is considered probable that future economic benefits
will flow to the Company.
2.2.9 Development Expenditure

A) When proved reserves are determined and development of mines/project is sanctioned, cost is recognised
as assets under construction and disclosed as a component of capital work in progress under the head
“Development”. All subsequent development expenditure is also capitalised. Drilling done for projects under
construction which is capitalised with the project cost under development at average normal cost per metre.
B) The Projects/Mines under development are brought to Revenue, earlier of
i) Either from the month following;
a) The achievement of 25% of the rated production, or
b) Completion of two years after touching the coal
OR
ii) from the beginning of the year, wherein the value of production at the monthly selling price of the Mine is
more than the total related expenses of such developed project/ mine.
C) Expenditure incurred on Projects under Construction/Mines under Development is capitalised till such Projects/
Mines are brought to revenue. In case of Long wall / Blasting Gallery (BG) technology Projects, the expenditure
is capitalised up to the date of commissioning of the equipment.
D) Overheads specifically incurred for the projects under construction were capitalised.
E) Sale value of coal produced by Projects/Mines under construction is credited to Development Account at the
Monthly Selling Price for the Mine.
F) Residual Development Expenditure on Mines taken-up for reconstruction is treated as Development Expenditure
of New Reconstruction Projects.
G) On being brought to revenue, the assets under capital work in progress are reclassified as a component of
property, plant and equipment under the nomenclature “Other Mining Infrastructure”. Other Mining Infrastructure
are amortised over the Projects Life as estimated in the FR/latest life, not exceeding 10 years.
2.2.10 Over Burden Removal (OBR) - Stripping Cost
i) Expenditure on Overburden Removal (Stripping Cost) is charged at Stripping Ratio of the Open Cast projects
irrespective of the Ratio of Actual Removal during the year. Expenditure on OB Removal is booked in the natural
heads. The variance between actual OB Removal expenditure and OB Removal charge as per Stripping Ratio
is shown as OB Removal adjustment account. Interest, Depreciation and Overheads on OB Removal are
treated as period cost and not considered for arriving at OB Removal charge.
ii) The company reviews the Stripping Ratios of all the operating Open Cast Projects with revenue workings once
in three years. In case significant deviation occurs in mining & geological structure, reorganisation and closure
of mines, such review is taken up on occurrence.
iii) Provision for future Overburden Removal is restated at current year cost and difference is taken to profit and
loss account. Advance Action for Overburden removal is valued at weighted average cost.
2.2.11 Investment in Subsidiaries and Joint Ventures:
Investments in subsidiaries and joint ventures are measured at cost.
2.2.12 Foreign Currency Transactions:
i) Monetary items related to Foreign currency transactions remaining unsettled at the end of the year are reported
at the exchange rate at the Balance Sheet date.

ii) Profit or Loss on account of exchange differences either on settlement or on restatement is recognised in the
Profit and Loss Account.
iii) Foreign currency gains and losses are reported on a net basis.
2.2.13 Income tax
Income tax comprises current and deferred tax. Income tax expense is recognized in the statement of profit and loss
except to the extent it relates to items directly recognized in equity or in other comprehensive income.
A. Current income tax
Current income tax for the current and prior periods are measured at the amount expected to be recovered from
or paid to the taxation authorities based on the taxable income for the period. The tax rates and tax laws used to
compute the current tax amount are those that are enacted or substantively enacted by the reporting date and
applicable for the period.
The Company offsets current tax assets and current tax liabilities, where it has a legally enforceable right to set
off the recognized amounts and where it intends either to settle on a net basis or to realize the asset and liability
simultaneously.
B. Deferred income tax
Deferred income tax is recognized using the balance sheet approach. Deferred income tax assets and liabilities
are recognized for deductible and taxable temporary differences arising between the tax base of assets and
liabilities and their carrying amount in financial statements.
Deferred income tax asset are recognized to the extent that it is probable that taxable profit will be available
against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax
losses can be utilized.
Deferred income tax liabilities are recognized for all taxable temporary differences. The carrying amount of
deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer
probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be
utilized.
Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply in the period
when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted
or substantively enacted at the reporting date.
2.2.14 Employee Benefits
A. Short-term Benefits
All short term employee benefits are recognized in the period in which they are incurred.
B. Post-employment benefits and other long term employee benefits:
I. Defined contribution plans:
Employer’s contribution under Coal Mines Provident Fund Act and Executives Superannuation, Pension
Benefits are defined Contribution Plans and the expenditure/ provision on the above is charged to
statement of Profit & Loss.
II. Defined benefits plans:
a) Gratuity: Gratuity is a defined benefit scheme. The cost of providing benefits is determined using
the projected unit credit method, with actuarial valuations being carried out at each balance sheet
date. The retirement benefit obligations recognised in the Balance Sheet represents the present
value of the defined benefit obligations as reduced by the fair value of scheme assets.
b) Leave encashment (Vesting) and Post Superannuation Medical Benefit to Executives and Non
Executives are provided based on actuarial valuation carried out at each balance sheet date.
c) Re-measurement of the net defined benefit liability, which comprise actuarial gain and losses
considering the return on plan assets (excluding interest) and the effects of the assets ceiling (if
any, excluding interest) are recognised immediately in the other comprehensive income in case of
post-employment defined benefit plans. Net interest expense and other expenses related to defined
benefit plans are recognised in profit and loss.
d) When the benefits of the plan are improved, the portion of the increased benefit relating to past
service by employees is recognised as expense immediately in the statement of profit and loss.
e) Other employee benefits :
Certain employee benefits viz. Settling Allowance, LTC / LLTC , non-vesting Leave entitlements(after
considering Non-Availment Factor) and Monthly Monetary Compensation to dependants of
deceased in mine accidents/ medical unfit/ Low Productive Employees are also recognised on the
same basis as described above for defined benefit plans.
f) Voluntary retirement compensation is expensed in the year of incurrence.
2.2.15 Provisions and Contingent Liabilities:
Provisions are recognized when the company has a present obligation (legal or constructive) as a result of a past
event, and it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable
estimate of the amount of the obligation can be made.
Where the time value of money is material, provisions are stated at the present value of the expenditure expected to
settle the obligation. All provisions are reviewed at each balance sheet date and adjusted to reflect the current best
estimate. The discount rate is a pre-tax rate that reflects current market assessments of the time value of money and
risk specific to the liability.
Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated
reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic benefits is
remote. Possible obligations, whose existence will only be confirmed by the occurrence or non-occurrence of one or
more future uncertain events not wholly within the control of the company, are also disclosed as contingent liabilities
unless the probability of outflow of economic benefits is remote.
2.2.16 Financial Instruments:
A) Classification:
The classification of financial instruments depends on the objective of the business model for which it is held.
Management determines the classification of its financial instruments at initial recognition.
B) Initial Measurement:
All financial instruments are recognized initially at fair value. Transaction costs that are attributable to the
acquisition of the financial asset/liability (other than financial assets recorded at fair value through profit or loss)
are included in the fair value of the financial assets/liabilities. While, loans and borrowings and payable are
recognized net of directly attributable transactions costs.
C) Subsequent Measurement:
For the purpose of subsequent measurement, financial instruments of the Company are classified in the
following categories: non-derivative financial assets comprising amortized cost; non derivative financial liabilities
at amortized cost and equity instruments at fair value through Profit and Loss account (FVTPL). Financial
instruments at Fair Value represent Investments in Mutual Funds classified as Current Investments.

a) Non-derivative financial assets:

Financial assets at amortized cost
A financial asset shall be measured at amortized cost if both of the following conditions are met:
i) the financial asset is held within a business model whose objective is to hold financial assets in
order to collect contractual cash flows; and
ii) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely
payments of principal and interest on the principal amount outstanding.
They are presented as current assets, except for those maturing later than 12 months after the reporting
date which are presented as non-current assets. Financial assets are measured initially at fair value plus
transaction costs and subsequently carried at amortized cost using the effective interest method, less any
impairment losses.
Financial Assets at amortized cost are represented by security deposits, cash and cash equivalents,
Trade receivables & similar nature and eligible current and non-current assets.
Non Current assets comprises investments in debentures or bonds quoted, fully paid up, which are
carried at amortized cost.
b) Non-derivative financial liabilities at amortized cost
Financial liabilities at amortized cost represented by trade and other payables are initially recognized at
fair value, and subsequently carried at amortized cost using the effective interest method.
2.2.17 Impairment:
Impairment of Assets (Non-financial assets)
The company assesses at the end of each reporting period whether there is any indication that an asset may be
impaired. If any such indication exists, the company estimates the recoverable amount of the asset. An asset’s
recoverable amount is the higher of the asset’s or cash-generating unit’s value in use and its fair value less costs of
disposal, and is determined for an individual asset, unless the asset does not generate cash inflows that are largely
independent of those from other assets or groups of assets, in which case the recoverable amount is determined
for the cash-generating unit to which the asset belongs. Company considers individual mines as separate cash
generating units for the purpose of test of impairment.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the
asset is reduced to its recoverable amount and the impairment loss is recognized in the Statement of Profit and
Loss.
Impairment of financial assets (other than fair value)
In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for measurement and
recognition of impairment loss. The Company follows ‘simplified approach’ for recognition of impairment loss
allowance on trade receivable.
The application of simplified approach does not require the Company to track changes in credit risk. Rather, it
recognises impairment loss allowance based on lifetime ECLs at each reporting date, right from its initial recognition.
For recognition of impairment loss on other financial assets and risk exposure, the Company determines that
whether there has been a significant increase in the credit risk since initial recognition. If credit risk has not increased
significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has increased significantly,
lifetime ECL is used. If in subsequent period, credit quality of the instrument improves such that there is no longer
a significant increase in credit risk since initial recognition, then the entity reverts to recognising impairment loss
allowance based on 12 month ECL.
Lifetime ECLs are the expected credit losses resulting from all possible default events over the expected life of a
financial instrument. The 12 month ECL is a portion of the lifetime ECL which results from default events that are
possible within 12 months after the reporting date. ECL is the difference between all contractual cash flows that are
due to the Company in accordance with the contract and all the cash flows that the entity expects to receive (i.e. all
shortfalls), discounted at the original EIR. When estimating the cash flows, an entity is required to consider:
i) All contractual terms of the financial instrument (including prepayment, extension etc.) over the expected life
of the financial instrument. However, in rare cases when the expected life of the financial instrument cannot be
estimated reliably, then the entity is required to use the remaining contractual term of the financial instrument.
ii) Cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual
terms.
ECL impairment loss allowance (or reversal) recognised during the period is recognised as income/expense in the
statement of profit and loss. The balance sheet presentation for various financial instruments is described below:
Financial assets measured at amortised cost, contractual revenue receivable: ECL is presented as an allowance, i.e.
as an integral part of the measurement of those assets in the balance sheet. The allowance reduces the- net carrying
amount. Until the asset meets write off criteria, the Company does not reduce impairment allowance from the gross
carrying amount.
2.2.18 Leases:
The Company evaluates at the inception of a contract, whether the contract is, or contains, a lease, if the contract
conveys the right to control the use of an identified Asset(after performing Substitutability test as described in para
B14 to B19 of the Ind AS 116).The Company shall account for each lease component within contract as a lease
separately from non-lease components from the contract and allocate the consideration in the contract to each lease
component on the basis of relative standalone price of such lease component.
Identification of a lease requires significant judgment. The Company determines the lease term as the non-cancellable
period of a lease together with the periods covered by an option to extend the lease if the Company is reasonably
certain to exercise that option.
In the absence of the interest rates implicit in the Contracts, the Company adopts incremental borrowing rate as the
discount rate.
Lease liability is initially recognised and measured at an amount equal to the present value of lease payments to be
made during the lease term and corresponding amount is recognised as Right of Use Asset which is measured at
cost.
The lease liability is measured in subsequent periods using the effective interest rate method. The right-of-use asset
is depreciated over the lease term on straightline basis.
The amounts payable in respect of Low Value leases up to Rs.2.00 lakhs/P.M per Identified Asset and the Short term
leases of 12 months or less are fully charged off as expenses of the period.
The Company had adopted Option II of the Modified Retrospective Approach permitted under Clause no C.5(b) read
with C7 and C8 of the Appendix C of the Accounting Standard. Accordingly, the Lease Liability and corresponding
Right of Use Assets are initially recognized at the present value of the future Lease payments outstanding as on
01.04.2019.
2.2.19 Investment Property:
Property (land or building or part of building or both) held to earn rentals or for capital appreciation or both, rather than
for, use in the production or supply of goods or services or for administrative purposes, or sale in the ordinary course
of businesses are classified as Investment Property.

Investment property is measured initially at cost, including related transaction costs and where applicable borrowing
costs.
Investment properties are depreciated using the straight line method over the estimated useful lives as per the
schedule II of the Companies Act, 2013.
Properties earning rental Income of less than Rs.50,000/P.M and having with a lease period of 12 months or less are
not considered as Investment Property.
2.2.20 Earnings per share:
Basic and diluted earnings per share are computed by dividing the net profit after tax before considering other
comprehensive income by the weighted average number of equity shares outstanding during the period.
2.2.21 Material Prior Period Errors, Effect of change in the Accounting Policies:
Material prior period errors are corrected retrospectively by restating the comparative amounts of the prior period(s)
presented in which the error occurred. If the error occurred before the earliest period presented, the opening balances
of assets, liabilities and equity for the earliest period presented, are restated.
The changes to the accounting policies are done retrospectively and the application of such change is limited to
the earliest period practicable by adjusting the opening balance of each affected component of equity and other
comparative amounts disclosed for each prior period presented as if the new Accounting Policy had always been
applied.
Singareni Civil Contract Manual - 2023 is released by Sri N.Balram IRS,

Director (Finance) and (PA&W)
NOTE 3: PROPERTY, PLANT AND EQUIPMENT: (Rs. in Crore)
Land
Other
Freehold Freehold Lease Plant & Furni- Office Reclama-
Buildings Buildings Railway Mining
Particulars Lands- Lands- hold Roads Equip- ture & Vehicles Equip- tion / site Total
Factory Others Sidings Infra-
Mining Others Lands ment Fixtures ment Restoration
structure
Costs
Gross Carrying Amount:
As at 1st April 2021 1,985.84 133.42 884.72 787.82 1,098.53 293.92 247.28 13,947.79 25.41 60.60 13.75 5,872.90 1,905.92 27,257.90
Adjustments for Restatements - - - - - - - (24.44) - - 24.44 8.07 - 8.07

st
As at 1 April 2021 (Restated) 1,985.84 133.42 884.72 787.82 1,098.53 293.92 247.28 13,923.35 25.41 60.60 38.19 5,880.97 1,905.92 27,265.97
Additions (Restated) 314.08 12.00 33.95 37.38 87.34 48.51 4.68 693.90 1.45 1.21 3.18 3,412.95 214.08 4,864.72
Deductions/Disposals (1.60) - - (0.94) (0.24) (0.03) - (348.22) (0.21) (0.93) (0.15) - (5.62) (357.95)
st
As at 31 March 2022 2,298.32 145.42 918.67 824.26 1,185.63 342.40 251.96 14,269.03 26.65 60.88 41.22 9,293.92 2,114.38 31,772.75
Additions 191.64 7.30 43.37 271.12 222.95 34.14 88.01 488.64 2.65 2.29 10.60 3,003.27 318.91 4,684.89
Deductions/Disposals (0.14) - - (5.51) (6.33) (20.25) - (239.23) (0.17) (2.98) (1.41) (115.78) (0.17) (391.97)
st
As at 31 March 2023 2,489.82 152.72 962.04 1,089.87 1,402.25 356.29 339.97 14,518.44 29.13 60.19 50.41 12,181.41 2,433.12 36,065.67
Accumulated Depreciation:
As at 1st April 2021 632.23 1.06 593.99 176.05 329.63 201.89 60.52 5,955.06 13.91 35.10 7.60 3,523.92 1,213.14 12,744.10
Adjustments for Restatements - - - - - - - (14.88) - - 14.88 - - -

st
As at 1 April 2021 (Restated) 632.23 1.06 593.99 176.05 329.63 201.89 60.52 5,940.18 13.91 35.10 22.48 3,523.92 1,213.14 12,744.10
Charge for the year (Restated) 93.00 - 56.90 31.95 27.70 33.36 13.40 910.46 1.80 5.28 4.48 320.00 126.91 1,625.23
st
As at 31 March 2022 724.46 1.06 650.89 207.46 357.17 235.22 73.92 6,503.57 15.50 39.45 26.81 3,843.92 1,334.68 14,014.10
Charge for the year 107.19 - 53.74 42.93 28.05 28.22 19.44 909.59 3.04 5.35 10.51 866.64 159.91 2,234.61
st
As at 31 March 2023 831.58 1.06 704.63 248.57 376.10 242.75 93.36 7,175.08 18.37 41.82 35.95 4,594.78 1,492.78 15,856.82
Provision for Diminution in Value

of Assets:
31st March 2022 - - - (22.98) (3.73) (2.89) - (0.19) - - - (162.70) (516.61) (709.10)
st
31 March 2023 - - - (43.34) (7.28) (4.98) - (0.09) - - - (115.08) (449.54) (620.31)
Net Carrying Amount:

As at 31st March 2023 1,658.24 151.66 257.42 797.96 1,018.87 108.55 246.61 7,343.27 10.77 18.37 14.46 7,471.55 490.80 19,588.53
st
161
As at 31 March 2022 (Restated) 1,573.86 144.36 267.79 593.82 824.73 104.28 178.04 7,765.27 11.16 21.43 14.41 5,287.30 263.09 17,049.54
NOTE 3: PROPERTY, PLANT AND EQUIPMENT (CONTD...)

3.1 Free hold lands includes Government Assigned lands. The Government assistance in the form of Assigned
Lands is recognized in books as Govt Assigned Lands at nominal value.
3.2 Title deeds of Immovable Properties of the Company:
i) All the lands acquired by the Company are for Mining purposes. The lands acquired by the Company
under the Land Acquisition Act, 1894 or the Right to Fair Compensation and Transparency in Land
Acquisition, Rehabilitation and Resettlement Act, 2013 or Forest Lands acquired under Mining Leases,
do not require Title deeds separately as Registration is exempted by the Provisions of the respective Acts.
The mutation of the land records in favour of the Company by the concerned LAO’s are valid documents.
However, the details of lands held by the Company are not updated in the Dharani Portal of Telangana
State Government in most of the cases. The Company has initiated action for the updation of the land
records in the Dharani Portal and steps are being taken to ensure the reconciliation/ updation of the
records at the earliest.
ii) Further, the Company is in the process of the reconciliation of Land Records with the Land Assets carried
in the Books of Account.
3.3 Land measuring Acres:726, Guntas: 21 1/2 (Previous Year Acres 726, Guntas: 21 1/2) shown under Property,
Plant and Equipment has not been registered in the name of the Company.
3.4 Pending fixation of the market value by the District Collector and finalization of other formalities, Land measuring
Acres 5.00 already handed over to Ramagundam Municipality is included in the Land Assets.
3.5 During the current year the significant spares for a value of Rs.69.21 Crore have been capitalized as components
and depreciation as charged based on the useful lives of spares estimated by the respective Technical Depts
and current year depreciation charged on the same is Rs.20.15 Crore (Refer Note No.31A.1).
3.6 During the year, interest on borrowings of Rs.0.05 Crore is capitalized under Solar Power plant Assets (Previous
Year Rs 4.80 Crore).
3.7 The value of buildings include an amount of Rs.28.31 Crore being the building cess capitalised during the
year.
3.8 The Company has not revalued the Property, Plant and Equipment during the current and previous year.
3.9 There are no acquisitions through Business combination or disposals through demergers during the Current
Year and Previous Year.
3.10 No proceedings have been initiated on or are pending against the Company for holding Benami Property
under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) [formerly the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988)] and Rules made there under.
NOTE 4: CAPITAL WORK-IN-PROGRESS: (Rs. in Crore)
Plant &
Particulars Lands Buildings Development Total
Equipment
As at 1st April 2021 (Gross) 4.19 141.03 907.31 495.23 1,547.76
Impairment provision as on 1.4.2021 (2.07) (9.70) (11.77)
As at 1 April 2021 (Net of Impairment)
st
4.19 141.03 905.24 485.53 1,535.99
Additions ( Restated) 366.30 293.56 492.43 3,633.21 4,785.50
Capitalized / Deletions (360.03) (173.23) (704.43) (3627.03) (4864.72)
Total 10.46 261.36 693.24 491.71 1,456.77
Impairment Adjustments:
Provision made during the year - (5.02) (6.77) (97.13) (108.92)
Transfer of Provision to Assets - - - 2.63 2.63
As at 31st March 2022 10.46 256.34 686.47 397.21 1,350.48
Additions 350.00 335.34 304.86 3,299.38 4,289.58
As at 31 March 2023
st
118.15 63.47 399.14 311.27 892.03
Impairment Provision made for the year - - - (1.35) (1.35)
Withdrawal of Provision - - - 57.72 57.72
Transfer of Provision to PPE - - - 3.83 3.83
As at 31 March 2023
st
118.15 63.47 399.14 251.07 831.83
4.1 CWIP includes interest on borrowings from SBI for Solar power plants Rs. 0.03 Crore (Previous Year: Rs.0.01
Crore).
4.2 Out of the proceeds of VGF Grant of Rs.27.37 Crore received against the III Phase of Solar Power Plants,
an amount of Rs.12.28 Crore (PY Rs.10.87 Crore) is reduced /adjusted from the related Capital Expenditure
incurred at these Plants upto the Reporting Date (Refer Note No.24.2 and Note No.39.5.2A.4).
4.3 CAPITAL WORK-IN-PROGRESS AGEING SCHEDULE:

a) As at 31.03.2023: (Rs. in Crore)
Amount in capital work-in-progress for a period of

Particulars Less than More than
1-2 Years 2-3 Years Total
1 year 3 years
Projects in Progress
Buildings 51.86 8.93 0.19 2.48 63.46
Lands 104.46 11.31 0.44 1.94 118.15
Other Mining Infrastructure 99.22 100.09 41.87 67.77 308.95
Plant and Equipment 311.38 44.29 20.47 23.00 399.14
Total 566.92 164.62 62.97 95.19 889.70

(Rs. in Crore)

1 year 3 years
Less: Impairment Provision made on:
Assets at Loss incurring UG Mines
Assets at permanently suspended projects:
Buildings 1.89 1.89
Lands 0.03 0.05 - - 0.08
Other Mining Infrastructure ( including New 1.77 17.34 15.49 11.69 46.29
Patrapara and Penagadapa Coal Blocks)
Plant and Equipment 0.01 2.81 2.82
Sub Total 2.24 17.84 17.04 20.75 57.87
Value of CWIP - Projects in Progress 564.68 146.78 45.93 74.44 831.83
Projects temporarily suspended - - - - -
Total 564.68 146.78 45.93 74.44 831.83
b) As at 31.03.2022: (Rs. in Crore)

1 year 3 years
Buildings 196.68 43.85 13.30 7.54 261.37
Lands 6.42 2.49 0.37 1.17 10.45
Total 752.65 459.01 160.21 96.66 1,468.53
Buildings 0.74 0.95 1.69
Plant and Equipment 0.64 0.30 2.95 3.89
Assets at permanently suspended projects
Buildings 0.23 3.10 3.33
Sub Total 20.75 18.64 45.15 33.51 118.05
Value of CWIP - Projects in Progress 731.90 440.37 115.06 63.15 1,350.48
Total 731.90 440.37 115.06 63.15 1,350.48
4.4 Capital work-in-progress, for which completion is overdue compared to its original
plan:
To be completed in
Particulars Less than 1-2 2-3 More than
Total
1 year Years Years 3 years
Buildings
Cons.of Pavilion Bldg at Prakasam Stadium 0.48 - - - 0.48
Improvement of p/line@shirke qrtrs, 8 Inc 0.24 - - - 0.24
Providing common utilities at MD Qtrs BHP 2.06 - - - 2.06
Asphalt road from IK 1A Inc. to south bunker 0.31 - - - 0.31
Cons of 490 Nos MC type Qtrs STPP JAIPUR 0.50 - - - 0.50
Construction 3 Sheds in W/S 3 Incl KGM 1.94 - - - 1.94
Cons.Filter Bed 8x1.00 Gal @Gouthampur 3.47 - - - 3.47
Construction of Rest Shelter, MNG OC II 0.34 - - - 0.34
Dozer Repair shed, MNG OC II Extn. Proj. 0.52 - - - 0.52
Lay. of WBM Road from Narsapur to Bejjar 0.20 - - - 0.20
Const. 2Bay Dumper Maintenance Shed, BPA 0.54 - - - 0.54
Site Office, MNG OCII Extn.Proj 1.09 - - - 1.09
Const. of indoor substation at KCHP, MNG 0.12 - - - 0.12
Const./Stores shed, offices RG-II OC III Extn 0.12 - - - 0.12
Cons.Dumper maint.shed&other RG-II OC III 8.50 - - - 8.50
Tradesmen rooms, Canteen SRP OC-II EXP 0.45 - - - 0.45
Sub-Total (A) 20.87 - - - 20.87
Plant and Equipment
Prov.Chain linkmesh to Dismantled BC qrts 0.76 - - - 0.76
Sub-Total (B) 0.76 0.76
Railway Siding
Installn of W/Brdg at GSOG siding. 0.28 - - - 0.28
Sub-Total (C) 0.28 0.28
Other Mining Infrastructure
Installation of 1 Online CAAQM Station 0.37 - - - 0.37
Drink water pipe line, MNG OC II Extn.Pr 2.21 - - - 2.21
fencing around vacant lands at BHP area 0.20 - - - 0.20
Diversion of approach road IK OC 0.39 - - - 0.39
Div.of existing BT road to IK1A incl. CD 4.06 - - - 4.06
Road Under bridge @IKOC (Revised Plan) 25.49 - - - 25.49
Widening the road & culverts on the Bund 2.75 - - - 2.75
Sub-Total (D) 35.49 - - - 35.49
Total (A+B+C+D) 57.41 - - - 57.41
Note: In respect of Assets / Projects forming part of CWIP and which have become overdue when compared to their
original plan, the disclosures have been given in respect of Assets / Projects exceeding the value of Rs.10
Lakhs each.


To be completed in
Total
Buildings
Foundations for FB/Crusher etc. Kistaram OC 0.52 - - - 0.52
Const. of ELSR at Hillock filter bed, MNG 1.83 - - - 1.83
Const. of G.L Bunker at CSP, Manuguru 12.16 - - - 12.16
Const./Stores shed, offices, RG OC.3 2.94 - - - 2.94
Const. of 50000 Gal. Filter Bed, RG OC.3 0.25 - - - 0.25
Const. of Sheds for Oil&Lubricants, RG OC.3 0.20 - - - 0.20
Constn of 994 Nos MD quarters, BHPL 145.24 - - - 145.24
Constn of GLSR 4.75L Gallons at Naspur 1.07 - - - 1.07
BT road from Site office at SRP OC 0.88 - - - 0.88
Const./Dumper maint.shed, RG3 OC 3.48 - - - 3.48
Con of Project Office at Kistaram OC 0.32 - - - 0.32
Const. of 2nd row of water dams, RG OC.I 4.46 - - - 4.46
Site Office at Kistaram OC 0.08 - - - 0.08
Sub-Total (A) 174.17 174.17
Plant and Equipment
Const.&Commissioning of CHP, JVR OC.2 404.83 - - - 404.83
Drivage of 910 Mtrs long tunnel, PVK.5 Inc 6.36 - - - 6.36
Installation of in-motion 120T WB, RG.I 0.28 - - - 0.28
23MW Solar Plant at KGM 2.38 - - - 2.38
Sub-Total (B) 413.85 413.85
Roads
Approach road to project - Kistaram OC 3.03 - - - 3.03
Sub-Total (C) 3.03 3.03
Railway Siding
Private Siding at JVROC 33.67 - - - 33.67
Sub-Total (D) 33.67 33.67
Development of 2 Nos R&R Centres, RG.2 1.15 - - - 1.15
Const./retai.wall&f.beds/2x500FB, RG OC3 0.93 - - - 0.93
Constn of ETP at CHP OCP-I, RG.3 0.15 - - - 0.15
Sub-Total (E) 2.23 2.23
Total (A+B+C+D+E) 626.95 - - - 626.95
Lakhs each.
4.5 CAPITAL WORK-IN-PROGRESS - COST OVERRUN PROJECTS:

Original Latest Revised Actual Cost incurred

Particulars
Cost Cost upto 31.03.2023
Diversion of approach road IK OC & Div.of existing 4.23 5.29 4.46
BT road to IK1A incl. CD
Total 4.23 5.29 4.46

Particulars
Fan House 0.50 1.85 1.54
Construction of Hauler Shed at IK1A 0.15 0.30 0.28
Total 0.65 2.15 1.82
Note: In respect of Assets / Projects forming part of CWIP and for which incurred costs have exceeded when
compared to their original plan, the disclosures have been given in respect of Assets / Projects exceeding the
value of Rs.10 Lakhs each.
NOTE 5A: INVESTMENT PROPERTIES

(Rs. in Crore)
Particulars Lands Buildings Total
Gross Carrying Amount
As at 1st April 2021 0.05 1.48 1.53
Additions - - -
Adjustments/ Deletions - - -
As at 1st April 2022 0.05 1.48 1.53
Additions - 29.97 29.97
As at 31 March 2023
st
0.05 31.45 31.50
As at 1st April 2021 - 0.47 0.47
Depreciation Charge for year 2021-22 - 0.02 0.02
As at 1st April 2022 - 0.49 0.49
Adjustments/ Deletions - 3.77 3.77
As at 31st March 2023 - 5.30 5.30
As at 31st March 2023 0.05 26.15 26.20
As at 31st March 2022 0.05 0.99 1.04

5A.1 Information regarding Income and Expenditure of Investment Properties:

(Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
Rental income derived from investment properties 2.46 1.02
Direct operating expenses (including repairs and maintenance) generating rental 0.10 0.06
income
Income from investment properties before depreciation 2.36 0.96
Less - Depreciation 1.04 0.02
Income from investment properties 1.32 0.94
5A.2 The Fair Value of the above Investment Properties as on 31.03.2023 is Rs.32.86 Crore (Previous Year
Rs.7.67 Crore). The Buildings / Land classified as Investment Property have been constructed/ acquired
for mining operations and let out to the contractors/firms for furtherance of Mining business. Since these
properties are located at remote mining areas, it is not practicable to arrive at Market Value. Hence, the
Municipal valuation adopted for levy of Property Tax / carrying value, as the case may be, is considered
as Fair Value in respect of Buildings and the Market Value of Lands as per the Sub-Registrar Records is
considered as Fair Value in respect of Lands.
5A.3 Undiscounted lease payments to be received on an annual basis for a minimum of each of the first five years
and for the remaining years (Disclosures in the books of Lessor as per Ind AS 116):
(Rs. in Crore)
As at As at
Term
31.03.2023 31.03.2022
Less than one year 2.45 0.92
Between one and two years 2.47 0.92
Between two and three years 2.40 0.90
Between three and four years 2.33 0.81
Between four and five years 2.33 0.81
Beyond five years 1.54 -
Total minimum lease payments 13.52 4.36
5A.4 The Company has not revalued the Investment Property during the current and the previous years.
NOTE 5B: RIGHT OF USE ASSETS (LEASE)

(Rs. in Crore)
Particulars HEMM Plant and Equipment Vehicles Total
As at 1st April 2021 5.71 30.84 1.12 37.67
Additions 2.35 9.11 0.64 12.10
Adjustments/ Deletions 0.30 3.66 - 3.96
As at 1st April 2022 8.36 43.61 1.76 53.73
Additions 7.23 6.98 1.00 15.21
Adjustments 0.13 - - 0.13
Deletions (4.72) (23.15) (1.12) (28.99)
As at 31st March 2023 11.00 27.44 1.64 40.08

As at 1st April 2021 2.61 19.12 1.12 22.85
Depreciation Charge for year 2021-22 2.60 12.19 0.11 14.90
As at 1st April 2022 5.21 31.31 1.23 37.75
Adjustments/ Deletions (4.72) (23.15) (1.12) (28.99)
As at 31st March 2023 4.74 19.26 0.85 24.85
As at 31st March 2023 6.26 8.18 0.79 15.23
As at 31st March 2022 3.15 12.30 0.53 15.98
5B.1 The additions to ROU Assets (Lease) for the year 2022-23 includes increase of Rs.0.13 Crore in the Lease
Liability and ROU Assets on account of remeasurement of Lease Liabilities owing to lease modifications (Pre-
vious Year Rs.3.96 Crore). Further, the deletions in FY 2022-23 represents the write off of the original value
and accumulated depreciation in respect of expired lease liabilities.
NOTE 5C: INTANGIBLE ASSETS

(Rs. in Crore)
Particulars Enabling Assets ERP-Software Total
As at 1st April 2021 - 21.36 21.36
Additions during the year 2021-22 - 0.03 0.03
As at 1st April 2022 - 21.39 21.39
Additions during the year 2022-23 408.73 - 408.73
As at 31 March 2023
st
408.73 21.39 430.12
Accumulated Amortization/ Depreciation:
As at 1st April 2021 - 20.56 20.56
Adjustments/(Deletions) - -
As at 1 April 2022
st
- 20.98 20.98
Depreciation Charge for year 2022-23 27.56 0.23 27.79
Adjustments/(Deletions) - - -
As at 31 March 2023
st
27.56 21.21 48.77
As at 31st March 2023 381.17 0.18 381.35
As at 31 March 2022
st
- 0.41 0.41
5C.1 The additions to Enabling Assets presented above represents Railway Siding from BDCR to Sathupalli for an
amount of Rs.364.17 Crore (Net off CCDAC Grant of Rs.188.83 Crore), Road Over Bridge on Khammam -
Devarapalli Road, near Sathupalli for an amount of Rs.44.56 Crore which were commissioned during the year.
5C.2 The Company has not revalued the Intangible Assets during the current and the previous years.

NOTE 5D: INTANGIBLE ASSETS UNDER DEVELOPMENT (ENABLING ASSETS)

(Rs. in Crore)
Railway Siding Bridge at Road Over-bridge

Particulars Total
from STPL to KGM IKOC (KMM-DVPL)

As at 1st April 2021 355.61 11.50 - 367.11
Additions 190.65 10.47 29.93 231.05
Capitalized / Deletions - - - -
As at 1 April 2022
st
546.26 21.97 29.93 598.16
Additions 6.74 3.53 14.63 24.90
Adjustment of Grants (188.83) . . (188.83)
Capitalized / Deletions (364.17) . (44.56) (408.73)
As at 31 March 2023
st
- 25.50 - 25.50
5D.1: Intangible Assets - Under Development (Enabling Assets) - Ageing Schedule

1 year 3 years
Bridge at IKOC 3.53 10.47 0.22 11.28 25.50
Total 3.53 10.47 0.22 11.28 25.50

1 year 3 years
Railway Siding from Sattupalli to KGM 190.66 147.53 165.21 42.86 546.26
Bridge at IKOC 10.47 0.22 11.28 - 21.97
ROB at KM 76/4 of KMM-Devarapal 29.93 - - - 29.93
Total 231.06 147.75 176.49 42.86 598.16
5D.2: Intangible Assets - Under Development (Enabling Assets) completion of which overdue compared
to its Original Plan:
To be completed in
1 year 3 years
Projects in progress
Bridge at IKOC 25.50 - - - 25.50
Total 25.50 - - - 25.50

To be completed in
1 year 3 years
Railway Siding from Sattupalli to KGM 546.26 - - - 546.26
Total 546.26 - - - 546.26
5D.3: Intangible Assets Under Development (Enabling Assets)-Cost Overrun Projects

Latest Revised Actual Cost incurred
Particulars Original Cost
Cost upto 31.03.2023
Projects in progress - - -
Projects temporarily suspended - - -
Total - - -

Total - - -

NOTE 6: INVESTMENTS (Rs. in Crore)
Particulars As at 31.03.2023 As at 31.03.2022

1 Non-Current:
(A) Investment in Equity instruments Unquoted,
fully paid-up Shares
(At Amortized Cost)
14,750 Laxmi Porcelains Ltd of Rs.10/- each 0.01 0.01
Less: Provision for Diminution in the value of (0.01) - (0.01) -
Investments
Investments in Co-operative Societies (At
Amortized Cost)
1,86,214 Singareni Collieries Co-operative Central 0.19 0.19
Stores Ltd of Rs.10/- each
Investment in Joint Venture (At Amortized Cost)
4,900 shares of APMDC-SCCL Suliyari Coal Co. - -
Ltd. of Rs.10/- each(Rs.49,000)
Less: Provision for Diminution in the value of - - - -
Investments in JV ( Rs.49,000)
Investment in Subsidiary (At Amortized Cost)
91,80,000 shares in Andhra Pradesh Heavy 9.18 9.18
Machinery & Engineering Limited of Rs.10/- each
49,02,700 shares of Andhra Pradesh Heavy - 9.18 - 9.18
Machinery & Engineering Limited of Rs.10/- each
for total consideration of Rs.1/-
(B) Investments in Bonds - Unquoted, fully paid-up
(At Amortized Cost)
(i) 8,000 - 9.95% TSSPDCL Power Bonds 800.00 800.00
(Series-1/2014) of Rs.10 Lakh each)
(ii) Canara Bank (AT1 - 8.30%) Bonds 2020-21 1,000.00 1,800.00 1,000.00 1,800.00
Series 1 (10,000 units of Rs.10.00 lakhs each)
Total 1,809.37 1,809.37
2 Current:
(A) Investments in Bonds - Unquoted, fully paid-up
(At Amortized Cost)
2,000 - 9.75% APPFC Power Bonds (Series - 1,000.00
2/2012) of Rs.10 Lakh each.
(B) Investment in Mutual Funds - Unquoted - (At
FVTPL)
Investment in Baroda Liquid Fund (19,27,396.216 500.25 -
units @ Rs.2,595.4687 NAV/unit)
Total 500.25 1,000.00

Aggregate of Quoted investments - -
Aggregate of Unquoted investments 2,309.64 2,809.39
Aggregate of Diminution in value provided for 0.02 0.02
6.1 3527 Nos. of TSSPDCL bonds (Series 1/2014) of Rs.10.00 Lakh each have been pledged as security for
obtaining Bank Guarantee of Rs.176.32 Crore for Naini Coal Block. The Bank Guarantee is valid upto
12.10.2023.
6.2 750 Nos of TSSPDCL Bonds (Series-1/2014) were pledged for obtaining Bank Guarantees of Rs.50.00 Crore
for submission to SECI, New Delhi against Viability Gap Funding (VGF) scheme of Solar Power Projects. Out
of these BGs, BG worth Rs.27.00 Crore is valid up to 30.06.2023 (post which it is returned to the company) and
Balance BG of Rs.23.00 Crore is valid up to 09.10.2023.
6.3 (i) Out of the TSSPDCL Bonds of Rs.800.00 Crore, 17.45% amounting to Rs.139.60 Crore is under dispute
between M/s. APCPDCL and M/s. TSTRANSCO due to issues relating to State bifurcation. The total
Bonds value of Rs 800.00 Crore is carried under the name of M/s TSSPDCL in Demat statement. Further,
M/s TSSPDCL had deducted TDS on the interest payable on the total bonds value of Rs 800.00 Crore.
(ii) However, interest proceeds (net of TDS) are being received by the Company on 82.55% of the Bonds
value only from M/s TSSPDCL and the balance interest is not being received either from M/s. TSSPDCL
or M/s. APCPDCL pending resolution of dispute and the matter is under active persuasion and close
followup by the Company.
(iii) Interest receivable on the 17.45% of the Bonds value in dispute is also recognized as Income in the books
of accounts as TDS was deducted on the same by M/s TSSPDCL. The outstanding interest (net of TDS)
receivable as on 31.03.2023 amounted to Rs.86.29 Crore (Rs.73.79 Crore as on 31.03.2022) against
the disputed bonds. Further, the interest on the remaining bonds of Rs.660.40 Crore (Not in dispute i.e.
82.55%) is also due from M/s. TSSPDCL from 01.04.2020 to 31.03.2023 which amounted to Rs.178.23
Crore (Net of TDS).
(iv) Considering the above, the total outstanding interest (net of TDS) receivable on total bonds value of
Rs.800.00 Crore as on 31.03.2023 amounted to Rs.264.53 Crore (Rs.192.89 Crore as on 31.03.2022).
As these Bonds are backed by the Sovereign Guarantee, the Company expects to realize the outstanding
interest dues in due course and hence no provision for Expected Credit Loss is recognized against the
same.
6.4 Rs.1,000.00 Crore APPFC Power Bonds (Series 2/2012) have matured on 18.07.2022. Out of the matured
Bonds value, Rs.200.00 Crore representing TSPFC share is yet to be received. Correspondence is being
made for realization of balance amount and the same is classified as Other Current Financial Assets (Refer
Note No.8.4).

NOTE 7: LOANS (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
Non-Current (Unsecured, Considered good)
Advances to Staff - -
Total - -
Current (Unsecured, Considered good)
Advances to Staff 40.79 55.81
Total 40.79 55.81
7.1 The Company has not granted any loans to Directors and other related parties during the Current Year and
Previous Year.
NOTE 8: OTHER FINANCIAL ASSETS (Rs. in Crore)

A. Non – Current
Deposit under Mine Closure Plan Scheme (Maturity > 12 1,418.66 1,176.18
Months)
Deposit with LIC (GLBF) 5,965.34 5,231.11
Security Deposits 98.52 105.84
Bank Balances with Scheduled Banks (Maturity > 12 801.29 -
Months)
Total (A) 8,283.81 6,513.13
B. Current
Matured Bonds proceeds receivable 200.00 -
Interest Accrued On Investments - Securities 310.46 263.20
Interest Accrued on Loans & Advances 5.38 4.09
Government Grants Receivable 192.63 52.19
Other Receivables Considered good - Rent, Water, 337.33 172.91
Electricity and recoverables from Contractors etc.
Unbilled Revenue Receivable - STPP - 8.80
Other receivables considered doubtful 15.45 13.40
Less: Provision for bad and doubtful receivables (15.45) - (13.40) -
Total (B) 1,246.51 665.01
8.1. i) Reconciliation of Escrow Account Balance (Rs. in Crore)

Balance in Escrow Account on Opening Date 1,176.18 1,031.53
Add: Deposits made during the Year 208.86 124.43
Add: Interest Credited (Net of TDS) during the year 55.09 59.11
Less: Amount withdrawn/released during the year 21.47 38.89
Balance in Escrow Account on Closing Date 1,418.66 1,176.18
ii) During the current year, an amount of Rs. 21.47 Crore is released by Coal Controller towards 50% of
Progressive Mine closure claims and Interest accrued on MCP escrow deposits (Previous Year Rs.36.79
Crore). (Refer Note No: 22.3). Further, Escrow deposit of Rs.2.10 Crore pertaining to JK OC Mine is
credited by the Banker due to auto maturity of fixed deposits during the year 2021-22. These maturity
proceeds are deposited again into Escrow Account along with interest of Rs.0.18 Crore in FY 2022-23.
8.2 Deposit with LIC(GLBF) represents amount parked in Gratuity Liability Balancing Fund including accrued
interest thereon. The Fund in this Deposit account would be utilised for depositing of contributions to Gratuity
Trust Fund Account (GGT) with LIC and other employee benefits. As per the terms of the Scheme the Company
can withdraw 25% of the opening balance of Deposit every year. Considering the specific nature of this deposit,
the same has been classified and presented as Other Financial Assets (Non-Current).
8.3 Unbilled Revenue Receivable - STPP of Rs.8.80 Crore presented for the previous year above represents the
loan restructuring costs of Rs.77.84 Crore incurred in connection with swapping of Term Loans in FY 2020-21
which are eligible for reimbursement from the TS DISCOMS in due course as reduced by the 2/3 of the savings
in the interest cost on account of swapping of term loans to be passed on to the DISCOMS of Rs.69.04 Crore.
These amounts have been regularized during the current year as per the Mid Term Review Order of Hon’ble
TSERC Dated 23.03.2023 (Refer Note No.26.4 and Note No.31.II.1).
8.4 The Matured Bonds proceeds receivable presented above represents the balance of APPFC Power Bonds
Matured on 18.07.2022 (Series 2/2012) of Rs.200.00 Crore, representing TSPFC share which is yet to be
received and correspondence is being made for realization of this amount. Since these Bonds are backed by
Sovereign Guarantee, the Company expects to realize the balance proceeds also in due course and hence no
provision for Expected Credit Loss is recognized against the same. Further, due to maturity of Interest coupon
period, no interest is recognized on the balance proceeds of Rs.200.00 Crore from the date of the Maturity. In
case any interest is received, the same will be recognized as revenue (Refer Note No.6.4).
8.5 The Govt. Grants receivable (CCDAC and VGF) represents grant receivable from CCDAC towards various
protective and infrastructure related works approved in the Minutes of CCDAC and VGF Grants receivable
against setting up of Solar Plants from M/s.SECI. The second and final instalment of VGF Grant of Rs.27.00
Crore against the Solar Power Plants (Phase-II) received on 12.06.2023 have been recognized as receivable
on Reporting Date and reduced from the corresponding value of the related Assets (Refer Note No.39.5.2A.5).

NOTE 9: DEFERRED TAX ASSETS (NET) (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
(A) Deferred Tax Assets:
Backfilling, Water body & Mine Closure plan 275.97 755.82
Gratuity 627.15 774.88
Other Employee Benefits 683.79 586.25
Overburden Removal 349.38 388.08
Other Provisions 435.09 335.29
Total (A) 2,371.38 2,840.32
(B) Deferred Tax Liabilities:
Fixed Assets- Excess of Net Book value over Written down value as per 996.69 1,010.99
provisions of Income Tax Act
Total (B) 996.69 1,010.99
Deferred Tax Assets (NET) (A-B) 1,374.69 1,829.33
NOTE 10: OTHER NON CURRENT ASSETS (Rs. in Crore)

Capital Advances 713.44 448.90
Deposits under Protest:
Indirect Taxes 185.21 119.53
Direct Taxes 273.53 458.74 261.30 380.83
Total 1172.18 829.73
10.1 Capital Advances represents Rs.449.51 Crore, of Advances paid to LA Authorities / Forest Depts. for acquisition
of Land for which proceedings are in progress (Previous Year Rs.319.22 Crore). The balance amount represents
the Advances paid to Railway/NHAI and other Govt. Depts. etc for execution of various Capital Projects.
10.2 Deposits under protest (Indirect Taxes) represent the deposits made with Commercial Taxes Dept. towards
GST on Forest Permit Fee Rs.65.65 Crore (Previous Year Nil), Customs Rs.0.03 Crore (Previous Year Nil),
Entry Tax of Rs.91.61 Crore (Previous Year Rs.91.61 Crore), Clean Energy Cess of Rs.10.00 Crore (Previous
Year Rs.10.00 Crore), Service Tax on Forest Permit Fee of Rs.15.04 Crore (Previous Year Rs.15.04 Crore),
VAT of Rs.1.43 Crore (Previous Year Rs.1.43 Crore), Central Excise Duty of Rs.0.66 Crore (Previous Year
Rs.0.66 Crore), CST of Rs.0.02 Crore (Previous Year Rs.0.02 Crore) and AP GST Rs.0.77 Crore (Previous
Year Rs.0.77 Crore) under protest against which assessment proceedings are in progress.
10.3 Deposits under protest (Direct Taxes) represent the deposits made with / refunds adjusted by the Income Tax
Dept. against the appeals pending before the CIT(A), ITAT and Hon’ble High Court, proceedings of which are
in progress.
NOTE 11: INVENTORIES (Rs. in Crore)

(i) Stores, Spares and Medicines 548.79 538.40
(ii) Loose Tools 5.20 4.71
(iii) Spares held for Sale 73.20 74.22
Sub-Total (i+ii+iii) 627.19 617.33
Less: Provision for Obsolete, Non-Moving Stores (90.64) 536.55 (73.49) 543.84
& Shortages and damages
(iv) Finished Goods
(a) Coal at Mines/CHPs 1,483.97 865.77
(b) Coal at STPP 65.27 44.69
Sub-Total (iv.a+iv.b) 1549.24 910.46
Less: Provision for Grade deterioration (1.07) 1,548.17 (4.61) 905.85
(v) Work-in-progress 0.99 -
(vi) Stores-In-Transit (SIT) 11.36 9.39
Total 2,097.07 1,459.08
11.1 Inventories of Stores and Spares, Loose Tools/spares held for sale and Medicines are valued at Weighted
Average Cost. The Finished Goods (Coal) are valued at Cost or NRV, whichever is less.
11.2 Finished Goods at Mines/CHPs include Washery Rejects of 1.16 LT identified as non-saleable owing to “NIL”
grade and due to catching of fire at RKP and RGM Washeries. Pending write off of these non-saleable Washery
Rejects, provision towards grade deterioration was recognised for Rs.1.07 Crore in FY 2019-20. (Previous Year
4.99 LT and provision of Rs.4.61 Crore)
11.3 Stock of coal at STPP is valued at the lower of Cost of Production of issuing Mines plus transportation costs
and taxes or Net Realisable Value (Energy charges).
11.4 Finished Goods - Coal at STPP includes 7,645.84 Tonnes of Coal in transit at STPP as on 31.03.2023 valuing
Rs.4.13 Crore. (PY 7,674.24 Tonnes valuing Rs. 3.29 Crore - Restated)
11.5 Out of the above Stock of Coal at Mines & CHPs, 25.19 LTs of Coal is valued at Net Realisable Value for
Rs.805.87 Crore. (PY 11.33 LT valued for Rs.152.57 Crore (Restated)). Out of the Stock at STPP, 0.46 LT stock
of Coal is valued at Net Realisable Value for an amount of Rs.23.39 Crore (PY 0.39 LT valued for Rs.16.48
Crore (Restated)).
11.6 Spares held for sale represents the Spares held for sale to the Outsourcing Contractor at Adriyala Longwall
Project/Continuous Miner at GDK.10 Incline as per the Terms of the Service Contract.

NOTE 12.A: TRADE RECEIVABLES (NON-CURRENT) (Rs. in Crore)

Unsecured, considered good
Power - Thermal 483.74 -
Total 483.74 -
12.A.1 The above represents the installments of Power Dues collectable from TSPCC after 12 months from the
Reporting Date.
12A.2 Trade Receivables Ageing Schedule:
1. As at 31.03.2023: (Rs. in Crore)
Outstanding for following periods from due date of payment

Particulars Less than 6 months - More than
1-2 years 2-3 years Total
6 months 1 year 3 years
(i) Undisputed Trade - - - 483.74 - 483.74
receivables – Considered
good
(ii) Undisputed Trade - - - - - -
receivables – Which have
significant increase in
Credit risk
(iii) Undisputed Trade - - - - - -
Receivables – Credit
Impaired
(iv) Disputed Trade - - - - - -
Receivables - Considered
good
(v) Disputed Trade - - - - - -
Receivables-Which have
Credit risk
(vi) Disputed Trade - - - - - -
Receivables-Credit
Impaired
Total - - - 483.74 - 483.74
Provision for Expected - - - - - -
Credit Loss (ECL)
Total - - - 483.74 - 483.74
Expected Credit Loss (%): - - - - - -
2. As at 31.03.2022: (Rs. in Crore)

(i) Undisputed Trade - - - - - -
good
Credit risk
Impaired
good
Credit risk
Receivables-Credit
Impaired
Total - - - - - -
Credit Loss (ECL)
Total - - - - - -

NOTE 12B: TRADE RECEIVABLES (CURRENT) (Rs. in Crore)

A. Secured, Considered Good
a) Coal 137.46 170.26
B. Unsecured, considered good
a) Coal 3,037.12 5,277.65
b) Power - Thermal 11,000.87 9,034.99
c) Services 0.84 1.02
d) Banked units - Solar 47.86 14,086.69 29.10 14,342.76
C. Disputed - considered good
a) Coal - -
b) Power - Thermal 527.69 527.69 127.28 127.28
D. Credit Impaired
a) Coal 95.63 56.39
b) Power - Thermal 161.50 161.50
c) Services 0.39 -
d) Banked units - Solar 0.64 258.16 - 217.89
15,010.00 14,858.19
Less: Provision for Expected Credit Loss
a) Coal 95.63 56.39
c) Services 0.39 -
Total 14,751.84 14,640.30
12B.1 Dues from Customers (Coal) Unsecured, Considered Good shown above as on 31.03.2023 have been
reduced by Rs.467.01 Crore towards provision against Variable Consideration payable to customers (i.e.
Grade Variance in respect of disputed samples, sampling results accepted, sampling results awaited etc.)
(Previous Year Rs.88.29 Crore).
12B.2 During the year, against the Coal and Power dues, M/s. TSGENCO, M/s. APGENCO and M/s. TSTRANSCO
have issued Bills Receivable for an amount of Rs.5,850.24 Crore, which were discounted with Banks
(SBI/HDFC/IDBI/UBI) (Previous Year Rs.4,104.96 Crore). As per the covenants of the Bills discounting
arrangements, the Company has to indemnify the Bankers in case of dishonour of the Bills of Exchange
by M/s TSGENCO, M/s APGENCO and M/s. TSTRANSCO on the respective due dates. The dues from
Coal/Power Customers presented above are net of the bill discounting proceeds of Rs.3,896.86 Crore in
respect of Bills receivable not matured on the Reporting Date (Previous Year Rs.3,252.33 Crore) (Refer Note
No:39.4.D.1).
12B.3 The Trade receivables - Power presented above are reduced by the provision towards reduction in fixed cost
element of tariff of Rs.183.58 Crore as per the Mid Term Review Order of Hon’ble TSERC covering the period
upto 31.03.2023 (Previous Year NIL).
12B.4 Trade receivables - disputed - considered good includes the bills raised by the Company towards cost of Coal
and MOU premium disputed by TSDISCOMs on which clarificatory petition filed by the Company and petition
filed by TSDISCOMs respectively are pending before Hon’ble TSERC (Refer Note No.26.5 and 26.6).

12B.5: TRADE RECEIVABLES AGEING SCHEDULE:

1. As at 31.03.2023: (Rs. in Crore)

Less More
Particulars 6 months
than 6 1-2 years 2-3 years than 3 Not Due Unbilled Total
- 1 year
months years
(i) Undisputed 4,660.42 1,969.34 3,707.66 2,372.34 - 1,177.48 336.91 14,224.15
Trade
receivables
– Considered
good
(ii) Undisputed - - - - - - - -
Trade
receivables –
Which have
significant
increase in
Credit risk
(iii) Undisputed - 0.55 0.09 - 161.89 - - 162.53
Trade
Receivables –
Credit Impaired
(iv) Disputed Trade 153.96 150.24 103.74 119.75 - - - 527.69
Receivables
- Considered
good
(v) Disputed Trade - - - - - - -
Receivables-
Which have
significant
increase in
Credit risk
(vi) Disputed Trade - - - - 95.63 - - 95.63
Receivables-
Credit Impaired
Total 4,814.38 2,120.13 3,811.49 2,492.09 257.52 1,177.48 336.91 15,010.00
Provision for - 0.55 0.09 - 257.52 - - 258.16
Expected Credit
Loss (ECL)
Total 4,814.38 2,119.58 3,811.40 2,492.09 - 1,177.48 336.91 14,751.84
Expected Credit - - - - 100% - - 1.72%
Loss (%): on credit
impaired
dues

2. As at 31.03.2022: (Rs. in Crore)

Less More
- 1 year
months years
(i) Undisputed 3,789.85 4,093.20 4,041.64 1,092.99 91.83 1,003.11 384.02 14,496.64
Trade
receivables
– Considered
good
(ii) Undisputed - - - - - - - -
Trade
receivables –
Which have
significant
increase in
Credit risk
(iii) Undisputed - - - - - - - -
Trade
Receivables –
Credit Impaired
(iv) Disputed Trade - 1.03 15.19 0.16 - - - 16.38
Receivables
- Considered
good
(v) Disputed Trade - - - 127.28 - - - 127.28
Receivables-
Which have
significant
increase in
Credit risk
Receivables-
Credit Impaired
Total 3,789.85 4,094.23 4,056.83 1,220.43 309.72 1,003.11 384.02 14,858.19
Provision for - - - - 217.89 - - 217.89
Expected Credit
Loss (ECL)
Total 3,789.85 4,094.23 4,056.83 1,220.43 91.83 1,003.11 384.02 14,640.30
Expected Credit - - - - 100% - - 1.47%
Loss (%): on credit
impaired
dues
NOTE 13: CASH AND CASH EQUIVALENTS (Rs. in Crore)

Cash on hand 0.12 0.29
Balances with Banks:
− In Deposit Account (Maturity < 3 Months) 800.87 22.96
− In Current Accounts 2.68 5.03
− Debit balance in Cash Credit and Overdraft 124.52 928.07 432.09 460.08
accounts
Total 928.19 460.37
NOTE 14: OTHER BANK BALANCES (Rs. in Crore)

Earmarked Balances:
− Unpaid Dividend Accounts 0.01 0.01
− Fixed Deposits (Maturity >3 & < 12 425.94 17.05
Months) including Margin Money Deposits
− Fly Ash Utilisation Reserve Fund Account 41.98 21.53
− Unspent CSR Bank Accounts (Ongoing Projects) 37.83 25.69
− Deposits - Fly Ash Utilization Proceeds 10.39 -
Total 516.15 64.28
14.1 Balance with Banks includes unclaimed dividend of Rs.91,513.53 (Previous Year Rs. 1,30,312.00)
14.2 Out of the above Fixed Deposits, Fixed deposit for an amount of Rs.13.57 Crore were pledged with SBI,
Commercial Branch-Hyderabad as margin money for obtaining Letter of credit of Rs.5.37 Crore on M/s.TS
TRANSCO for the purpose of synchronisation of Solar Power Plants and Bank Guarantees of Rs.8.20 Crore
to SECI, New Delhi (Rs.4.72 Crore valid up to 09.10.2023 and Rs. 3.48 Crore valid up to 31.12.2023).
14.3 Fly Ash Utilisation Reserve Fund represents the proceeds from Sale of Fly Ash parked in separate Bank
Account for meeting the expenditure on development of infrastructure facilities, promotion and facilitation
activities for use of Fly Ash as per the Accounting policy No: 2.2.1.F(i).
14.4 Securities by way of deposits in the form of fixed deposit receipts etc., received from the Contractors /
Suppliers etc., are kept in the Company’s custody and not accounted for amounted to Rs.45.29 Crore as on
31.03.2023 (Previous Year Rs.45.13 Crore).
14.5 Unspent CSR Bank Accounts represents the unspent amounts of the ongoing projects sanctioned in FY 2019-
20, 2020-21 and 2021-22 deposited in separate Bank Account in pursuance of the provisions of Section 135
(6) of the Companies Act, 2013.

NOTE 15: CURRENT TAX ASSETS (NET) (Rs. in Crore)

Advance tax paid Including TDS & TCS 1,356.32 1,493.26
Less: Provision for Income Tax 1,333.83 1,465.68
Total 22.49 27.58
NOTE 16: OTHER CURRENT ASSETS (Rs. in Crore)

(i) Advances Against Purchases, Services & others 261.99 228.17
(ii) Considered Doubtful - Advances against 18.78 14.69
purchases & services
Less: Provision for Bad & Doubtful Advances (18.78) - (14.69) -
(iii) Prepaid Expenses 32.68 17.02
(iv) GST( ITC) Receivable 905.58 800.74
(v) Taxes against Purchases & Others-Doubtful 7.70 -
Less: Provision for Taxes against Purchases & (7.70) - - -
Others-doubtful
(vi) Advance Payment of GST (Cess & TDS) - 40.00
(vii) Advance Payment of Royalty and Forest Permit Fee 617.48 -
(viii) Refunds Due from Tax Authorities 78.61 64.63
Total 1,896.34 1,150.56
16.1 GST (ITC) Receivable represents accumulated ITC Credit. This accumulation is mainly due to inverted duty
structure. As per the present GST Provisions, the accumulated credit can be utilized for payment of Output
Tax only and cannot be claimed as refund.
16.2 Refunds due from Tax Authorities represent refunds of Rs.72.41 Crore claimed from Dept. towards GST
paid on Royalty under RCM (Previous Year Rs. 55.31 Crore) against which the proceedings are in process.
Further, the balance amount of Rs.6.20 Crore represent the Pre-GST Taxes viz. VAT Rs. 2.54 Crore, Excise
Duty and Cess Rs. 3.66 Crore, for which Appeals are pending for disposal (Previous Year Rs.9.32 Crore).
16.3 Royalty of Rs. 612.68 crore and Forest Permit Fee of Rs.4.80 Crore presented above were paid in advance
to TS Government out of the proceeds collected from TSGENCO. This amount is adjusted subsequently
against the Coal dispatches (Previous Year NIL).
NOTE 17: EQUITY SHARE CAPITAL (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
AUTHORIZED
180,00,00,000 Equity Shares of Rs.10/- each (Previous Year - 180,00,00,000 1,800.00 1,800.00
Equity Shares of Rs.10/- each)
ISSUED,SUBSCRIBED AND PAID-UP
173,31,98,119 Equity Shares of Rs.10/- each fully paid up (Previous Year - 1,733.20 1,733.20
173,31,98,119 Equity Shares of Rs.10/- each - fully paid up)
Total 1,733.20 1,733.20
Terms and rights attached to equity shares:
The Company has only one class of shares i.e. Equity Shares having par value of Rs.10/- each. The holders of
the equity shares are entitled to receive dividends as declared from time to time and are entitled to voting rights
proportionate to their share holding at the meetings of shareholders.
Details of Shareholders holding More than 5%:
As at 31.03.2023 As at 31.03.2022
Name of the Shareholder
No. of Shares % Held No. of Shares % Held
Hon’ble Governor of Telangana 88,55,99,147 51.096 88,55,99,147 51.096
Hon’ble President of India 84,75,60,000 48.902 84,75,60,000 48.902
17.1: RECONCILIATION OF EQUITY SHARES (Rs. in Crore)
As at 31.03.2023 As at 31.03.2022
Particulars No. of Amount No. of Amount
Shares (Rs. in Crore) Shares (Rs. in Crore)
Shares outstanding at the beginning of the 1,73,31,98,119 1,733.20 1,73,31,98,119 1,733.20
year
Shares issued during the year - - - -
Shares bought back during the year - - - -
Shares outstanding at the end of the year 1,73,31,98,119 1,733.20 1,73,31,98,119 1,733.20
17.2: DISCLOSURE OF SHARE HOLDING OF PROMOTERS (Rs. in Crore)
As at 31.03.2023 As at 31.03.2022
Name of the % change % change
No. of % of No. of % of
Promoter during the during the
Shares Holding Shares Holding
year year
Hon’ble Governor of 88,55,99,147 51.096 - 88,55,99,147 51.096 -
Telangana
Hon’ble President of 84,75,60,000 48.902 - 84,75,60,000 48.902 -
India
Total 1,73,31,98,119 99.998 - 1,73,31,98,119 99.998 -

NOTE 18: OTHER EQUITY

(1) Current Year (Rs. in Crore)
Fly Ash Remeasurement

Utilisa- General Retained of defined ben-
Particulars Total
tion Reserve Earnings efits plans (Net
Reserve of Tax) - (OCI)
Balance as on 01.04.2022 18.89 1,860.40 6,641.48 (439.48) 8,081.29
Profit for the Year 2022-23 - - 2,596.40 - 2,596.40
Other Comprehensive Income (net of - - - (373.94) (373.94)
tax)
Transfer (from)/to Retained Earnings - 100.00 (100.00) - -
Addition during the year 29.24 - - - 29.24
Expenditure)
Balance as on 31.03.2023 48.13 1,960.40 9,007.89 (813.42) 10,203.00
(2) Previous Year (Rs. in Crore)

Particulars Total
Balance as on 01.04.2021 8.93 1,760.40 5,542.46 (403.17) 6,908.62
Adjustments for Prior Period Errors (net - - (73.41) - -
of Deferred Tax)
Adjustments for changes in Accounting - - 129.57 - 129.57
Policies (net of Deferred Tax)
Profit for the Year 2021-22 (Restated) - - 1,229.52 - 1,229.52
Other Comprehensive Income (net of - - - (36.31) (36.31)
tax) (Restated)
Dividends paid for 2020-21 (including - - (86.66) - (86.66)
dividend distribution tax)
Transfer to/(from) retained earnings - 100.00 (100.00) - -
Addition during the year 9.96 - - - 9.96
Expenditure)
General Reserve: This is used from time to time to transfer profits from the Retained Earnings for appropriation
purposes.
Fly Ash Utilization Reserve: This represents the proceeds from sale of Fly Ash and interest accrued on the fixed
deposits made out of the proceeds of Fly Ash Sale. This reserve shall be used for the development works as per
MoEF guidelines.
Retained Earnings: This represents the accumulated Retained Earnings by the Company over the years. This
reserve can be utilized for payment of dividend and other purposes in accordance with the provisions of the Companies
Act, 2013.
Remeasurement of Defined Benefits Plans (Net of Tax) (OCI): This represents the accumulated change in the
actuarial liabilities of the employee defined benefit plans due to changes in the Actuarial assumptions and experience
adjustments net of Taxes.
NOTE 19A: BORROWINGS: (NON - CURRENT) (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
Term Loans - From Banks
Secured:
1 From State Bank of India 1,729.77 2,062.30
(Rs 2964.40 Crore Less current maturities of Rs 331.68 Crore and
principle paid Rs 902.95 Crore)
2 From ICICI Bank 594.99 713.99
(Rs 981.73 Crore Less current maturities of Rs 119.00 Crore and principle
paid Rs 267.74 Crore)
3 From Bank of Baroda 45.15 -
(Out of the sanctioned Loan Rs.487.55 Crore, loan drawn is Rs.45.15
Crore)
Total 2,369.91 2,776.29
NOTE 19B: BORROWINGS: (CURRENT) (Rs. in Crore)

I. Secured:
1 Current Maturities of Long-Term Debt
SBI - Term Loan 331.68 331.68
ICICI Bank - Term Loan 119.00 119.00
SBI - Solar Power Plants - 450.68 475.62 926.30
2 Loans payable on demand - from Banks
Cash Credit 4.35 11.45
Working Capital Loans from Banks - 4.35 425.51 436.96
Total 455.03 1,363.26
19A.1 Loan from SBI is secured by Hypothecation of Project Assets by way of first pari-passu charge on both present
and future including Equitable mortgage of Project Land. The outstanding loan amount of Rs 2,061.45 Crore
as on 31.03.2023 is repayable in 24 quarterly instalments of Rs.82.92 Crore each and 1 instalment of Rs
71.37 Crore. Rate of Interest payable on this loan is 8.20% p.a.

19A.2 Loan from ICICI Bank is secured by first pari-passu charge on movable and immovable assets of STPP
(both present and future) along with other lenders. The Outstanding loan amount of Rs. 713.99 Crore as on
31.03.2023 is repayable in 24 quarterly instalments of Rs.29.75 Crore each. Rate of Interest payable on this
loan is 8.63% p.a.
19A.3 During the year, an amount of Rs.487.55 Crore is sanctioned by Bank of Baroda for installation of FGD
system at 2x600 MW Power Plant (STPP). The loan is secured by second charge on the STPP assets (2x600
MW plant). The loan amount is repayable in 48 quarterly instalments of Rs.10.16 Crore each commencing
from 30.09.2024. An amount of Rs.45.16 Crore was drawn during the year. The applicable rate of interest is
1 Year SBI MCLR with annual reset (7.20% as on 31.03.2023).
19B.1 Cash Credit - Secured by first charge in favour of participating banks ranking pari-passu on the Stocks &
Receivables and Other Current Assets.
NOTE 20: TRADE PAYABLES (CURRENT) (Rs. in Crore)

1. Dues to Micro Enterprises and Small Enterprises 11.66 18.35
2.1 Dues to Subsidiary - Andhra Pradesh Heavy Machinery 4.65 2.06
Engineering Limited (APHMEL)
2.2. Dues to Others 1,208.98 1,213.63 993.45 995.51
Total 1225.29 1013.86
Trade Payables Ageing Schedule:
a) As on 31.03.2023 (Rs. in Crore)

Particulars Less than 1-2 2-3 More than 3
Unbilled Not Due Total
1 year years years years
i) MSME 2.06 - - - 1.18 8.42 11.66
ii) Others 118.79 6.12 2.79 3.51 208.32 750.13 1,089.66
iii) Disputed Dues-MSME - - - - - - -
iv) Disputed Dues-Others 1.14 10.18 19.12 79.72 9.49 4.32 123.97
Total 121.99 16.30 21.91 83.23 218.99 762.87 1,225.29
b) As on 31.03.2022 (Rs. in Crore)

i) MSME 1.20 - - - 3.67 13.47 18.34
ii) Others 43.30 6.07 5.88 1.47 377.12 457.82 891.66
iii) Disputed Dues- MSME 0.01 - - - - - 0.01
iv) Disputed Dues-Others 0.87 - 1.01 79.23 22.74 - 103.85
Total 45.38 6.07 6.89 80.70 403.53 471.29 1,013.86
NOTE 21:FINANCIAL LIABILITIES

21.A: LEASE LIABILITIES (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
1. Non Current :
Lease Liabilities 4.40 9.39
Total 4.40 9.39
2. Current:
Total 11.46 7.35
21.B.1 OTHER FINANCIAL LIABILITIES: (NON-CURRENT) (Rs. in Crore)

As at As at
Particulars
31.03.2023 31.03.2022
Deposits from Coal Customers 128.60 177.65
Deposits from Vendors & Others 119.39 126.52
Total 247.99 304.17
21.B.2. OTHER FINANCIAL LIABILITIES: (CURRENT) (Rs. in Crore)

i) Salaries & Wages Payable 248.32 275.22
ii) Creditors for Capital Expenditure 350.07 593.67
iii) Interest accrued but not due on Borrowings 0.01 -
iv) Unclaimed Dividends 0.01 0.01
v) Deposits from Vendors & Other Customers 124.78 112.54
vi) Deposits from Coal customers 14.62 -
vii) Other Payables:
a) Deposits from Others 3.42 3.13
b) Overdraft in Current Account 9.92 0.46
c) Other Liabilities 99.32 112.66 85.50 89.10
Total 850.47 1,070.54
21.B.1 Creditors for Capital Expenditure include dues against Capital procurement from Micro Enterprises and
Medium Enterprises of Rs.3.54 Crore (Previous Year Rs.6.36 Crore) and dues to Subsidiary Rs.6.46 Crore
21.B.2 Deposits from Vendors, Suppliers and Contractors include an amount of Rs.0.01 Crore of Security Deposits
submitted by the subsidiary (Previous Year Rs.1.64 Crore).

NOTE 22: PROVISIONS (Rs. in Crore)

1. Non - Current
(a) Provision for Employee Benefits:
Gratuity (to the extent unfunded) 2,922.41 3,309.21
Leave Encashment (Vesting) 686.70 557.64
Leave Entitlement (Non-vesting) 191.56 171.43
MMC & LPE 167.44 105.51
Settling-in- Allowance 97.56 64.85
Leave Travel Concession 61.64 46.99
Post Superannuation Medicare Benefit
- Executives - CPRMS(E) 236.82 211.06
- Non-Executives (CPRMS-NE) 637.50 5,001.63 557.99 5,024.68
(b) Others
Overburden Removal Adjustment
Net of Advance Action Rs.648.54 Crore (PY 7,059.58 4,383.57
Rs.530.97 Crore)
Final Void Maintenance (Back Filling) 12,234.80 10,314.03
Final Void Maintenance (Water Body) 5,547.38 4,579.32
Mine Closure (Net of PMCP receivables of Rs. 282.06 1,335.59 1,306.71
Crore (PY Rs.227.28 Crore)
Remedial Action Plan (EC) 80.36 87.81
Provision for CER/PH for expansion of Mines 15.95 26,273.66 - 20,671.44
Total – Non Current 31,275.29 25,696.12
2. Current:
Provision for employee benefits:
Gratuity (unfunded) 1.78 1.82
MMC & LPE 29.79 35.55
Superannuation Benefit 384.79 396.01
- Non-Executives (CPRMS-(NE)) 28.47 45.59 44.59 61.01
Performance Related Pay (Executives) 238.82 201.24
PLB/PLR (Ex-gratia) 315.32 297.53
Corporate Special Incentive 666.74 355.84
Interest Subsidy (HBLRIS) 21.75 21.52
Provision of PRC Arrears (NCWA-XI) 1,566.31 434.42
Other Current Provisions:
Provision for Environment Compensation - NGT 41.34 41.21
Total – Current 3,461.02 1,984.80
22.1 Provision for Overburden Removal (net of Advance Action):

i) In respect of all open cast (OC) Mines in operation, the accounting of Overburden Removal (OBR) is
carried out as per the Accounting Policy No:2.2.10.
ii) During the year, the General Review of Project Stripping Ratios was carried out as per Accounting Policy
No.2.2.10 (ii). Out of the 21 OC Mines, in respect of 7 Mines there is no change in Project Stripping
Ratios. However, in respect of 14 OC Mines, considering the increase/decrease in the Coal and OB
Reserves of the respective OC Mines due to the obvious reasons like shifting of faults, changes in
quantities left over in depillared panels, changes in high wall bench configurations, changes in the seam
thickness / width of the batter and haul roads etc., Stripping Ratios have been revised.
iii) Consequent to the above general review of the Stripping Ratios, there is a decrease in the OBR Charge
by Rs.629.70 Crore (Credit) in respect of 6 OC Mines and there is an increase in the OBR Charge by
Rs.759.14 Crore (Debit) in respect of 8 OC Mines, the overall net Increase in OBR Charge being
Rs.129.44 Crore, with corresponding reduction in the Profit before Tax (PBT) for the current year. The
impact of the general review of the Stripping ratios during the current year is accounted as a change in
the Estimate in the current year as per Ind AS-8.
iv) Further, in respect of IK OCP, BC soil excavated under the external dump outside the quarry area
of 13.99 L.Cum and 15.60 L.Cum during the year 2020-21 & 2021-22 respectively was erroneously
considered for OBR accounting purpose. Hence, the above inclusion of BC removal quantities for OBR
Accounting in previous years is viewed as a material prior period error and corrected retrospectively as
per Ind AS-8 read with Company’s Accounting Policy No.2.2.21. The financial impact of correction of
prior period error is Rs.33.37 Crore which was adjusted against retained earnings / PBT of comparative
period.(Refer Note no: 39.5.9.i)
v) In addition to the above, due to the closure of mining operations at GK OC and Medapalli OC, the
Overburden removal accounting was carried out for the terminal quantities of coal and OB removed in
the current year on actual basis. The opening balance of advance action of Rs.16.63 Crore and Rs.6.15
Crore in respect of GK OC and Medapally OC, respectively have been charged off to the Statement of
Profit & Loss of the current year.
22.2 Provision for Backfilling of Over Burden/Maintenance of Water Body:
a) Position/Status as on 31.03.2022:
Until FY 2021-22, provision for Backfilling of Overburden is being made as per Accounting Policy no.
2.2.7.B. to meet the obligation (pursuant to the stipulations in Environment Clearances) regarding the
reduction of the depth of final void to 30/35/40 metres from the surface as the case may be in respect
of 8 Opencast (OC) Mines. Further, Provision for Water body Maintenance is being made in respect of
7 OC Mines pursuant to the stipulations in Environment Clearances (EC) for maintenance of final void
as water body by providing adequate engineering interventions for sustenance of aquatic life. Other OC
Projects are either on relay concept or no such stipulation is mentioned in the EC of respective Mines.
b) Changes/Movement during the year 2022-23:
i) During the year, revised EC was approved for RG OC I Expansion Mine stating “the final void
should be preferably as per the approved mine closure plan and in case it exceed 40m, adequate
Engineering interventions shall be provided for the sustenance of aquatic life there in”. However,
the relevant condition in Mining plan is “It is proposed fill the void with 194.36 M.cum of OB
removed from the future expansion of the project”. Consequently, the amount of provision
required to meet the obligation towards revised quantity of 194.36 M.Cum instead of earlier

128.40 M.cum is reassessed based on the estimates made by Project Planning Department.
Based on re-assessment, the increase in the value of the obligation towards backfilling over
and above the carrying amount of earlier Provision by Rs 271.93 Crore is provided for by way of
recognizing related Site Restoration Asset as on 01.04.2022.
ii) During the year, revised EC was approved for SRP OC II stating “the final void should
be preferably as per the approved mine closure plan and in case it exceed 40m, adequate
the relevant condition in Mining plan is “The Mining company shall backfill the final void utilizing
OB of sequential mine”. The final void quantity is estimated at 320.85 M.Cum up to depth of 35
m from Surface. Consequently, the amount of provision required to meet the obligation towards
revised quantity of 320.85 M.Cum instead of earlier 168.82 M.cum is reassessed based on the
estimates made by Project Planning Department. Based on re-assessment, the increase in the
value of the obligation towards backfilling over and above the carrying amount of earlier Provision
by Rs 969.77 Crore is provided for by way of recognizing related Site Restoration Asset as on
01.04.2022.
iii) During the year 2022-23, revised EAC minutes of meeting dt.14.03.2023 was received for
Medapally OC with a condition to leave the final void of 258.31 with maximum depth of 220 m
as water body by providing adequate engineering interventions for sustenance of aquatic life.
As the ECs are issued by MoEF as per the minutes of EAC meetings, the amount of provision
required to meet the obligation towards Water body Maintenance as against the earlier obligation
to backfill the final void with Overburden was assessed based on the estimates made by Project
Planning Department. Based on re-assessment, the decrease in the provision for waterbody
requirements by Rs 1285.23 Crore out of which an amount of Rs 97.08 Crore is adjusted against
the carrying amount of site restoration cost asset as on 01.04.2022 and an amount of Rs.1188.15
Crore is withdrawn from Provision and credited to the Statement of Profit and Loss.
iv) In respect of MNG OC, JK-5 OCP and RG OC II Projects, the provision for Backfilling/Water
body maintenance was reviewed by adopting the Revised Mine lives as proposed by Project
Planning Department. Consequent to this, there is a decrease in the provision of Backfilling
/ Water body maintenance by Rs 152.87 Crore, out of which an amount of Rs 144.96 Crore
is adjusted against the carrying amount of Site Restoration Asset and the balance amount of
Rs.7.91 Crore is withdrawn from Provision and credited to Statement of Profit and Loss of the
Current Year.
v) As per the Accounting Policy 2.2.7 B(iv) of the company, specific realistic assessment of estimated
expenditure for meeting the obligation for Backfilling of final void in respect 3 OC Mines (RG OC
I, JK5 OCP and MNG OCP) which are nearing closure was carried out by the Project Planning
Department. Consequent to this specific reassessment, there is a increase in the provision of
Backfilling by Rs 212.47 Crore, out of which an amount of Rs 220.39 Crore is adjusted against the
carrying amount of Site Restoration Asset and the balance amount of Rs.7.92 Crore is withdrawn
from Provision and transacted in the Statement of Profit and Loss of FY 2022-23.
vi) Reassessment of the Backfilling Obligation as on the Reporting Date i.e. 31.03.2023 for the
Mines not covered under specific assessment as above, the current year’s weighted average
outsourcing OB removal rate excluding the explosive cost element is made. Consequently, on
assessment of Backfilling Obligation, there is an increase in the provision by Rs.1,706.64 Crore
on the Reporting Date which was provided for by way of addition to the related Site Restoration
Assets by the corresponding amount.
22.3 Provision for Mine Closure Plan (MCP):

i) Provision for Mine Closure Plan (MCP) is being recognized as per the Accounting Policy no 2.2.7.A
based on Mine Closure Plans approved by MoC or Company’s Board as per the guidelines of Ministry
of Coal (MoC) dated 7th January 2013.
ii) Provision for Mine Closure Plan is made for 19 OC Mines and 23 UG Mines presently operating against
21 OC Mines and 24 UG Mines owing to the merger of the mines. Further, provision in case of 6 UG
mines and 3 OC mines which are closed is carried in the Balance sheet.
iii) During the year, Mine Closure Plan provision was re-assessed in respect of 7 mines due to adoption of
revised mine lives as proposed by Project Planning Department. Consequent to this, there is an overall
decrease in Mine Closure provision by Rs 13.21 Crore. Out of which, an amount of Rs. 9.65 Crore
is adjusted against the related Site Restoration Asset and the balance provision of Rs 3.56 Crore is
withdrawn and credited to the Statement of Profit and Loss in the current year.
iv) During the year 2022-23, Mine Closure Plan provision was re-assessed in respect of 22 mines
consequent to the revised Escrow agreements entered during the year 2022-23. Consequent to this,
there is an overall increase in Mine Closure Provision by Rs 78.53 Crore. Out of which, an amount of
Rs.78.62 Crore is added to the related Site Restoration Asset and the balance provision of Rs 0.09
Crore is withdrawn and credited to the Statement of Profit and Loss of the current year.
v) In pursuance of Accounting policy No.2.2.7 (A) (vii), the obligation towards Final Mine Closure activities
in respect of 15 Mines for which the remaining life is 5 years or below is re-estimated by Project Planning
Department. Consequent to this reassessment, there is a overall decrease in the provision towards
Mine closure obligation of these Mines by Rs.109.63 Crore, out of which an amount of Rs.25.28 Crore
is adjusted against the carrying amount of Site Restoration Asset and the balance provision of Rs 84.35
vi) In pursuance of Accounting policy No.2.2.7 (A) (vi), an amount of Rs.71.87 Crore is recognised as
Receivable against Progressive Mine Closure Expenditure claims in respect of 26 Mines for the year
2022-23, by crediting to the natural heads of expenditure.
vii) Further, as per Ind AS 36 read with Appendix A to Ind AS 16, PPE the increase in the Site Restoration
Assets is tested for impairment of in respect of UG mines incurring continuous losses and an amount
of Rs.8.04 Crore due to changes in the Mine Closure Provision is recognised towards Provision for
Impairment in the current year.
viii) During the year 2022-23, an amount of Rs.263.95 Crore (including Rs.55.09 Crore of interest accrued
net of TDS) was deposited in designated Escrow Accounts. The cumulative Deposit as on 31.03.2023
is Rs.1,418.66 Crore (including accrued interest of Rs.296.57 Crore net of TDS) (Previous year –
Rs.1,176.18 Crore including interest of Rs.241.48 Crore net of TDS).
ix) Against the deposits for MCP held in the Escrow Accounts, an amount of Rs.21.47 Crore was released
by Coal Controller during the year 2022-23 (PY Rs.36.79 Crore). This amount is 50% of the deposited
amounts including interest on Mine closure expenditure claims in respect of 20 Mines for the years from
2013-14 to 2017-18 submitted by the Company.
22.4 Provision for Remediation & Community Resource Augmentation Plans(RP&NCRAP)
i) Upto FY 2021-22 the Company has made provision of Rs.92.50 Crore for implementation of Remediation
Plan and Natural & Community Resource Augmentation Plans (RP & NCRAP) in respect of Projects
falling under violation category. After adjusting the Expenditure incurred up to FY 2021-22 of Rs.4.70
Crore, the balance amount of provision as on 31.03.2022 was Rs.87.81 Crore.

ii) During FY 2022-23, ECs were approved for four Mines by MoEF& CC and EAC/SEAC recommended
ECs for six Mines recommending the activities for Rs.20.65 Crore towards implementation of RP,
CRAP,NCRAP & PH commitments as against the provision made for Rs.26.30 Crore. Accordingly,
excess provision of Rs.5.65 Crore was written back and credited to the Statement of Profit and Loss
of the Current Year. Further, an amount of Rs.8.13 Crore is provided towards implementation of RP,
CRAP, NCRAP & PH commitments in respect of the remaining Mines in Violation Category. The Net
increase in the Provision Rs.2.48 Crore (PY withdrawal of Rs.4.43 Crore) for the year was classified
and presented as an Exceptional Item, as was done in previous year. After setting off of expenditure
incurred in FY 2022-23 of Rs.9.93 Crore, the balance amount of provision as on 31.03.2023 was
Rs.80.36 Crore.(PY 87.81 Crore)
22.5 Provision for CER/PH commitments for New/Expansion Mines:
i) In case of new/expansion mines, the Company is obtaining Environment Clearances (ECs) as per the
EIA notification,2006 and its subsequent amendments from time to time. MoEF &CC issued O.M. vide
F.No.22-65/2017-IA.III dated 01.05.2018 regarding guidelines for fund allocation in respect of CER
activities in addition to the EIA/EMP cost based on the nature of the project and capital cost for fulfilling
the issues raised in the Public Hearings.
ii) Subsequently, MoEF&CC issued another O.M vide F.No.22-65/2017-IA.III dated 30.09.2020 wherein
it has directed the EAC/SEAC that the Public Hearing commitments to be incorporated as part of the
EMP while according ECs in lieu of CER. Accordingly, the Company is providing CER/Public Hearing
commitment budget along with timelines in the EIA/EMP report and the same is being deliberated and
decided by the EAC/SEAC for granting ECs.
iii) Considering the Constructive obligation for meeting the Commitments given in the Final EMPs submitted
to MoEF for Obtaining ECs, provision towards CER/PH commitments is recognised during the year for
an amount of Rs.15.95 Crore.
22.6 Provision for Environment Compensation – (Hon’ NGT):
i) Provision towards Environment compensation represents, provision made in FY 2021-22 for an amount
of Rs.41.21 crore consequent to the judgement of National Green Tribunal on the cases filed by residents
of Sattupalli regarding the environmental violations, sound pollution, air pollution, water pollution and
cracks on Houses caused by blasting operations carried out by the Company and transportation coal by
road instead of rail in respect of JVR OC II Mine. The case was contested by the Company by way of
filing a civil appeal before Hon’ble Supreme Court. The Hon’ble Supreme Court has advised to deposit
50% of the amount awarded by Hon’ NGT vide it’s order dated 13.03.2023 and accordingly an amount
of Rs.21.61 Crore was deposited with Hon’ NGT on 29.03.2023.
ii) Further during the year, provision was made for an amount of Rs.0.14 Crore towards Environmental
compensation demand issued by TSPCB in pursuance of directions of Hon’ NGT in respect of OA
No.39/2022 (SZ) filed on the alleged environmental violations and damages due to the operation of
Khairagura OCP.
22.7 Provision towards Performance Related Pay (PRP) (Executives):
i) The carrying amount of the provision represents the amounts payable to Executives of the Company as
part of Revised Pay Package which was adopted by Company on par with other Central Public Sector
Units as per 2nd and 3rd PRC in respect of the period from 01.01.2007 upto 31.03.2014 for Rs.67.95
Crore, Rs.53.48 Crore for FY 2021-22 and Rs.117.39 Crore for FY 2022-23.
ii) During the year, payments of PRP for FY 2019-20 for an amount of Rs.79.63 Crore were released. The
remaining surplus provision of Rs.0.18 Crore was withdrawn and credited to the Statement of Profit and
Loss of the current year.
iii) Pending receipt of approval from the Designated Authority, Rs.117.39 Crore is provided for the year
2022-23 as per the procedure prescribed DPE Guidelines considering Operating Profit for the current
year (i.e. Profit Before Tax after excluding interest earned on Idle Cash, Deposits/Investments).
(Previous Year - Rs.53.48 Crore)
22.8 Contributory Post Retirement Medicare Benefit Scheme (Non Executives):
i) As per the terms of NCWA X wage agreement concluded in the year 2017-18, the Company has to
contribute an amount of Rs.18,000/- per employee who was on roll as on 01.07.2016 or has joined
thereafter to the Contributory Post Retirement Superannuation Medicare Scheme (CRPMS-NE).
ii) Upto FY 2020-21, the company had recognized Provision towards the contributory liability of Rs.18,000/-
only treating the same as a Defined Contribution Plan. However, the constructive obligation of the
Company in respect of the designated medical benefit of Rs.8.00 Lakhs / per employee or such lower
amount, as the case may be, as per the Scheme guidelines, in respect of both on roll and not on roll
Employees (Card Holders) is being recognized as ‘Defined Benefit Obligation’ based on the Actuarial
Valuation from FY 2021-22 onwards.
22.9 Executives’ Superannuation Benefit Scheme (EDCPS):
i) Owing to non-formulation of the Modalities of the scheme, the Superannuation Benefit contributions
(Executives) have remained payable in the books. Recently, the Company has formulated a scheme
“SCCL Executives Defined Contribution Pension Scheme 2007” and the activities related to the
implementation of the scheme are in progress.
ii) During the year, the remittance of Monthly contributions to EDCPS Fund Manager (LIC) have commenced.
The total amount of contributions payable to the Superannuation Benefit Scheme up to 31.03.2023
amounted to Rs.324.38 Crore (Previous year Rs.324.38 Crore). Out of which, Rs.10.00 Crore was
deposited to Trust Account as initial contribution in FY 2019-20. During the year 2020-21, 2021-22 and
2022-23, the contributions of Rs. 62.47 Crore, Rs.5.51 Crore and Rs.11.03 Crore respectively, relating
to NOR employees (Retirements/Deaths) have been remitted to EDCPS Trust Account or paid to the
nominees of the concerned Ex-executives, as the case may be. The Net contributions outstanding to
be deposited as on 31.03.2023 amounted to Rs.235.38 Crore which was carried as a provision as on
the Reporting Date (Previous year Rs.246.40 Crore).
iii) As there exists constructive obligation to deposit the contributions to the Trust along with interest, the
Company is providing for compensatory interest. Upto FY 2021-22, an amount of Rs.149.63 Crore was
provided for. During the year, considering the procedure adopted by Coal India Limited for remittance of
compensatory interest in pursuance of MoC approval, the Senior Officers Committee has recommended
the modalities to be adopted in the Company for payment of compensatory interest. Considering
the recommendations of the Senior Officers Committee, the compensatory interest payable upto FY
2022-23 has worked out to Rs.140.91 Crore only and hence, the surplus provision of Rs.8.71 Crore
was withdrawn and credited to the Statement of Profit and Loss for the year 2022-23 (Previous Year
Provision of Rs.21.19 Crore).
22.10 Provision for Pay Revision Arrears (NCWA-XI):
Pay Revision Provision (NCWA XI) represents the provision made towards Pay Revision Arrears against
NCWA-XI applicable from 01.07.2021. The Provision is made for the period from July, 2021 to March,
2023, considering the fitment benefit of 19% finalized in 10th meeting of JBCCI held on 19.05.2023 and the
allowances and other benefits agreed upon. During the year, an amount of Rs.1,104.86 Crore is provided
including topping up of provision made in FY 2021-22 based on the finalized wage agreement.

22.11 Considering the Pay Revision Agreement concluded by JBCCI on 20.05.2023 which is applicable for NCWA-
XI i.e. from 01.07.2021, the incremental liability on the Actuarial valuation of the various Defined Benefit
obligations as on the Reporting Date i.e. 31.03.2023 have been transacted in the Books of Account of FY
2022-23, considering the same as an ‘Adjusting Event After the Reporting Date’ as per the provisions of Ind
AS-10 (Refer Note No.30.1 and Note No.38A.1).
22.12 Royalty on Closing Stock of Coal at Mines/CSPs amounting to Rs.207.61 Crore was not transacted in the
Books (Previous year Rs.120.56 Crore) (Restated).
NOTE 23: OTHER NON - CURRENT LIABILITIES (Rs. in Crore)

Deferred Grant - -
Total - -
NOTE 24: OTHER CURRENT LIABILITIES (Rs. in Crore)

Statutory Dues 2,334.29 3,693.20
Advances from Coal Customers 1,519.35 1,482.72
Advances from Others 19.85 31.15
Liability for unspent CSR 69.91 59.81
Deferred Govt Grant (VGF - Solar) 15.09 16.50
Provision towards Other taxes (Entry Tax) 196.51 196.51
Total 4,155.00 5,479.89
24.1 Statutory dues includes Royalty of Rs.NIL (Previous Year Rs.1,755.12 Crore), DMFT of Rs.1,497.72 Crore
(Previous Year Rs.1,008.57 Crore), NMET of Rs.144.97 Crore (Previous Year Rs.97.79 Crore) and Forest
Permit Fee of Rs.NIL (Previous Year Rs.176.51 Crore) remittance of which could not be made due to delay
in realization of dues from customers.
24.2 Deferred Government Grant - Current (VGF - Solar) represents the proceeds of Viability Gap Funding received
from M/s. SECI towards 1st Instalment against the setting up of 3rd Phase of Solar Plants. Out of the total
proceeds of VGF received during the year 2021-22 of Rs.27.37 Crore, after setting of Capital Expenditure
incurred upto 2022-23 of Rs.12.28 Crore (Previous Year of Rs.10.87 Crore), the remaining Proceeds of VGF
Grant of Rs.15.09 Crore (Previous Year Rs.16.50 Crore) have been recognized and presented as ‘Deferred
Government Grants - Current’ which would be netted off against the expenditure to be incurred in due course
(Refer Note No.4.2 & 39.5.2A.4).
24.3 Liability for unspent CSR represents the Unspent amounts against the Ongoing Works sanctioned under CSR
Budget for the Year 2022-23 of Rs.32.61 Crore, 2021-22 of Rs.23.50 Crore and the balance of provision made
in FY 2019-20 & FY 2020-21 of Rs. 10.62 Crore & Rs.3.18 Crore respectively (Previous year Rs.59.81 Crore).
These Unspent amounts of FY 2022-23 of Rs. 32.66 Crore have been deposited in the separate “Unspent
CSR Bank Account 2022-23” opened with SBI, Kothagudem on 29.04.2023. The unspent amounts of CSR
of FY 2021-22 of Rs.23.66 Crore were also carried in the unspent CSR Bank Account 2021-22. Further, the
unspent amounts of CSR of FY 2019-20 & 2020-21 of Rs.14.17 Crore were also carried in the unspent CSR
Bank Account of 2020-21. (Refer Note no 14.5 & 39.5.15).
NOTE 25: CURRENT TAX LIABILITIES (NET) (Rs. in Crore)

Provision for Income Tax - -
Less: Advance tax paid Including TDS & TCS - -
Total - -
NOTE 26: REVENUE FROM OPERATIONS (Rs. in Crore)

(A) Sale of Coal:
1. Turnover (Gross) 26,515.53 20,986.00
2. Adjustments for Variance Consideration
i) Penalty for Short lifting of Coal 5.04 8.41
ii) Bonus for Supply of Coal 179.23 29.67
iii) Provision for Shale/ Stone & Grade Variance (378.72) (194.45) (48.52) (10.44)
Total (1+2) 26,321.08 20,975.56
Less : Statutory Levies:
i) Royalty 2,107.85 1,786.19
ii) GST Compensation Cess 2,449.23 4,557.08 2,405.61 4,191.80
Total - Sales (Coal) 21,764.00 16,783.76
Less: Transfer to Development - 155.38
Net Sales – Coal (A) 21,764.00 16,628.38
(B) Sale of Power:
i) Thermal (STPP) 4,395.86 3,833.37
ii) Solar Banked Units 19.40 27.71
Net Sales – Power (B) 4,415.26 3,861.08
(C) Income from Services:
Consultancy Services 6.25 5.64
Total (A+B+C) 26,185.51 20,495.10
26.1 The Gross Turnover of Coal presented above is net of Goods and Services Tax (GST).
26.2 The Company has not opted for Regulatory Deferral Accounting given under Ind AS 114 in respect of Thermal
Power Plant Operations as per the option permitted under Ind AS at the time of implementation in FY 2016-
17 which was also the year of commencement of Power Plant Operations. The Company is recognizing
Revenue from Sale of Power as per Ind AS-115 - Revenue from Contracts with Customers.
26.3 The value of coal transfer to STPP for internal Consumption of Rs.2,709.57 Crore is adjusted against
consumption of Raw materials at STPP (PY Rs.2,174.44 Crore-Restated).
26.4 The Company had filed Mid-Term Review (MTR) Petition in respect of the control period 2019-24 on 30.11.2022.
The Hon’ble TSERC issued Order on 23.03.2023 on the Mid-Term Review Petition filed by the Company. In
the MTR order issued by the Hon’ble TSERC, the rightful claims of the Company towards additional capital
cost, capital liability discharged, O&M Expenses, effective Income Tax on the Return on Equity have not been
allowed. The Company is in the process of filing Review Petition before the Hon’ble TSERC seeking review of
rightful claims disallowed.

However, the impact of the Mid Term Review Order is transacted in the Books of Accounts of FY 2022-23 as
per the decision of the Hon’ble TSERC on various elements including admittance of the restructuring cost of
Term Loans of Rs.77.84 Crore. After setting off of the liability towards 2/3rd savings in interest already provided
for in earlier years of Rs 69.04 Crore, additional Revenue of Rs 20.35 Crore is recognized from Sale of Power
covering the period upto FY 2021-22. (Refer Note No.8.3 & 31.II.1).
In addition, the Billed Revenue of FY 2022-23 is also reduced by Rs 64.89 Crore towards reduction in Annual
Fixed Charges. Hence, the net reduction in Revenue on account of Mid Term Review Order transacted in the
Books of Accounts of FY 2022-23 is Rs 44.54 Crore.
26.5 The Billing Disputes Petition filed by the Company before the Hon’ble TSERC on the claims disallowed by
TSPCC upto FY2018-19 was decided by the Hon’ble TSERC vide its Order dated 21.11.2022.The claims
of the Company towards Additional Coal Cost on actual Generation in excess of Scheduled Generation,
Incentive upon that excess generation and water cess and Taxes of Rs 3.28 Crore have been disallowed and
have been written off as Bad debts in FY 2022-23.
Though the Bills for Actual Generation beyond Scheduled Generation is disallowed by Hon’ble TSERC, the
Actual Metered Energy (JMR) is accepted by TSDISCOMs post award of TSERC Order and hence these
claims are considered as realizable dues. Further, the claims for additional coal cost upto scheduled generation
of Rs 119.74 Crore is considered as allowed by the Hon’ble TSERC as per the interpretation of the TSERC
Order by the Company.
However, TSPCC has denied the claim made by the Company as per the interpretation of TSERC Order, stating
that the additional coal cost upto the Scheduled Generation also is disallowed by the Hon’ble TSERC. On this
denial of claim by TSPCC for an amount of Rs 119.74 Crore, a Clarification Petition is filed before the TSERC
on 08.06.2023 and pending the clarification order to be issued by Hon’ble TSERC, the management is of the
view that no provision/ reversal of the revenue is required, as the amounts have been appropriately billed and
also allowed by the TSERC. These dues have been classified and presented as ‘ Trade Receivable(Power) –
Disputed - considered good. (Refer Note No.12.B4)
26.6 Against the sale of power billed to TSDISCOMS during the FY 2021-22 and FY 2022-23, the TSDISCOMS have
filed a petition (OP No. 13 of 2023) on 05.05.2023, requesting the Hon’ble TSERC to direct the Company to
change the coal supply being made to its Thermal Power Plant (STPP) at the notified basic price corresponding
to the coal grade being supplied without any additional charge/ premium, for the period FY 2021-22 to till
the date of operationalization of Naini Coal Block and later to adopt the CERC Input Price determination
methodology. On the petition filed by the TSDISCOMS, Hon’ble TSERC has advised the Company to submit
it’s counter and the same in process. The management is of the view that as the bills of the cost of coal
have been raised appropriately as per the bridge linkage in lieu of Naini Coal Block supplies as per the MOU
Terms and conditions, no provision/ reversal of the Revenue is required. The provisional amount of dispute
involved is Rs 407.93 Crore. These dues have been classified and presented as ‘ Trade Receivable(Power)
– Disputed - considered good. (Refer Note No.12.B4)
26.7 Sale of Solar Banked Units of Rs.19.40 Crore mentioned above represents the value of Banked units taken
over by TSDISCOMs after reducing applicable Banking charges @ Rs.4.501/unit under Long Term Open
Access Agreement (Previous Year Rs.27.71 Crore @ Rs.4.32/unit).
Disaggregated Revenue Information as per Ind AS 115 – “Revenue from Contracts with Customers”:
(Rs. in Crore)
Types of goods or services
− Coal 21,764.00 16,628.38
− Power 4,395.86 3,833.37
− Solar 19.40 27.71
− Others 6.25 5.64
Total Revenue from Contracts with Customers 26,185.51 20,495.10
Types of Customers for coal
− Power sector 15,619.55 12,227.09
− Non Power Sector 6,144.44 4,401.29
Types of Customers for Power
− Electricity distribution companies 4,415.26 3,861.08
Types of Customers for Services
− Consultancy income 6.25 5.64
Types of Contracts of Coal
− Fuel Supply Agreements 20,312.39 15,596.83
− E Auction/E Linkage 1,107.59 766.35
− Others 344.02 265.20
Types of Contract for Power
− Power Purchase Agreement 4,395.86 3,833.37
− Long Term Open Access Agreement 19.40 27.71
Types of Contract for Services
− Others 6.25 5.64
Timing of Goods or Services
− Goods transferred at a point in time (Coal) 21,764.00 16,628.38
− Goods transferred over time (Power) 4,395.86 3,833.37
− Goods transferred at a point in time(Solar) 19.40 27.71
− Services completed over time (services) 6.25 5.64

NOTE 27: OTHER INCOME (Rs. in Crore)

(a) Interest Income
Interest on Investments (Non-trade) 191.52 260.25
Interest on Term Deposits 75.96 86.15
Interest on Sundry Debtors for Coal, Loans, Advances to others 64.51 48.47
Interest on deposit with LIC(ETB) 449.23 305.53
Interest on Income Tax Refund - 781.22 4.74 705.14
(b) Income from Mutual Funds - Measured at FVTPL 9.88 0.34
(c) Other non-operating Income
Rents 11.11 9.31
Rent from Investment Properties 2.46 1.02
Electricity & Fuel 14.60 13.00
Water Charges 0.80 28.97 0.93 24.26
Sale proceeds of Fly Ash 28.76 9.96
Interest accrued on FD made from fly ash proceeds 0.48 -
Less: Transferred to Fly Ash Reserve (29.24) - (9.96) -
(d) Provisions and Liabilities no longer required written back 1,564.97 545.87
(e) Miscellaneous income
Profit on Sale of Property, Plant and Equipment 1.69 3.05
Sale of Scrap 65.76 45.80
Penalties recovered from Contractors & Vendors 79.67 50.03
Service Charges E-Auction Coal 12.66 10.17
Other Miscellaneous Receipts 11.80 171.58 8.64 117.69
(f) Subsidy from CCDAC for Protective/Other works etc. 13.34 1.82
Total 2,569.96 1,395.12
27.1 Income from Mutual Funds includes an amount of Rs.0.27 Crore towards Fair Value adjustment as on
31.03.2023 recognised through Statement of Profit and Loss (FVTPL) (PY - NIL).
27.2 Provisions written back include:
i) Withdrawal of Provision for Impairment recognized in the earlier years on Buildings, Roads, Development
expenditure of Rs.104.77 Crore and on Site Restoration Assets (MCP) of Rs.55.65 Crore in respect of
Loss making UG Mines corresponding to the amount of depreciation charged / regularized during the
year.(Refer Note No.31A-2)
ii) Withdrawal of provision for Backfilling at Medipalli OCP for an amount of Rs.1188.15 Crore due to
change in the Site Restoration obligation from Backfilling to waterbody maintenance with adequate
Engineering interventions for sustenance of aquatic life in pursuance of revised EAC Minutes. Further,
Waterbody provision of an amount of Rs.7.91 Crore in respect of MNG OC, is withdrawn consequent
to adoption of revised mine life. (Refer Note No.22.2 (b) (iii) & (iv)).
iii) Withdrawal of provision made for Mine Closure obligation (MCP) of Rs.88.00 Crore consisting of
withdrawal of provision of Rs.3.65 Crore on account of adoption of Revised Mine lives/ Revised Escrow
Agreements and withdrawal of provision of Rs.84.35 Crore on account of specific reassessment of
Final Mine Closure obligation in respect of Mines nearing completion (Refer Note No.22.3 (iii), (iv) &
(v)).
iv) Withdrawal of provision made for Impairment of infructuous capital expenditure incurred on the non-
viable Coal Blocks (New Patrapara, Odisha and Penagadapa, Telangana) surrendered to Govt. of India
for an amount of Rs.57.20 Crore consequent to write off of the expenditure not collectable from the
future allottees during the year (Refer Note No.36.3).
v) Withdrawal of provision of Rs.22.65 Crore recognised in earlier years towards Employers’ Contribution
of CMPF on Not Onroll Leave Encashment which is no longer required to be maintained as the issue is
closed at CIL. Further, an amount of Rs.8.71 Crore towards surplus provision towards Compensatory
Interest on the accumulated EDCPS contributions as per the modalities recommended by the Senior
Officers Committee.
vi) Withdrawal of provision made towards grade deterioration of Rs.3.54 Crore in respect of non-saleable
firey Washery Rejects at Manguru Washery, as the Washery Rejects have been disposed off during the
year by blending with higher grade coal (Refer Note No.11.2)
vii) Miscellaneous Credits and Unclaimed amounts taken into Company’s account for Rs.17.36 Crore
(Previous year Rs.16.20 Crore).
27.3 Subsidy receivable against the Revenue protective works of Rs.7.69 Crore is recognised during the year as
per the approved minutes of CCDAC (Previous Year Rs.1.82 Crore). In addition, the capital grants approved
by CCDAC during the year have been set off against corresponding carrying amounts of Assets (WDV) and
the surplus grants of Rs.5.65 Crore, remaining after set off against the carrying amount of the respective
Assets have been transacted in the Statement of Profit & Loss as Revenue Grant.
27.4 As per the accounting policy followed by the Company, interest on belated payment of Coal dues is recognised
on realization in view of the uncertainty involved in the ultimate collection as per the Accounting Policy
No.2.2.1 F (a). During the year, interest accrued on the delayed payment of Coal dues from M/s.TSGENCO
of Rs.1232.00 Crore is waived off by the Board of Directors in their meeting held on 29.07.2022 considering
the request from TSGENCO upon settlement of total pending dues.
27.5 During the year, TSPCC has paid an amount of Rs.318.62 Crore in instalments towards liquidation of arrears
of power dues without considering the Electricity (Late Payment Surcharge and Related Matters) Rules, 2022.
Since the amounts are paid towards power dues only, no late payment surcharge revenue is recognized as
per the Accounting Policy of the Company as at 2.2.1.F(b).
NOTE 28: COST OF MATERIALS CONSUMED (Rs. in Crore)

Stores & Spares 599.18 647.26
Explosives 1,613.25 821.60
Petrol, Oil and Lubricants (POL) 4,270.17 3,053.16
Internal Consumption of Coal 0.01 0.02
Others 1.73 13.07
Total 6,484.34 4,535.11
NOTE 29: CHANGES IN INVENTORIES OF FINISHED GOODS (Rs. in Crore)

Opening Stock 910.46 888.29
Less: Internal Consumption of Coal 0.01 0.01
Less: Closing Stock 1549.24 910.46
Total (638.79) (22.18)

29.1 The above change in the Inventory includes the impact of change in the Accounting Policy relating to
valuation of Closing Stock by Rs.51.25 Crore (increase) for FY 2022-23 and Rs.6.35 Crore (reduction) for the
comparative year FY 2021-22 (Refer Note No.39.6.5).
NOTE 30: EMPLOYEE BENEFITS EXPENSE (Rs. in Crore)

Salaries, Wages and Allowances 3,701.77 3,427.62
Pay Revision Provision (NCWA XI) 1,104.16 432.03
CMPF,CMPS and Administrative charges 652.28 660.81
Leave Entitlements 402.86 375.36
Attendance Bonus 203.45 204.47
Performance Linked Reward (PLR) 315.23 296.26
Gratuity 355.68 343.39
Superannuation Benefit ( EDCPS, CPRMS (E&NE)) 141.21 142.12
Workmen’s Compensation, GIS & GPAIS 0.93 2.19
Special Incentive & PRP 794.13 418.44
Directors’ Remuneration 2.22 2.04
Life cover premia under Gratuity Scheme with LIC 16.61 13.49
Social Amenities:
Employee Welfare Expenses 134.58 121.38
Employee Hospital Expenses 125.39 144.47
Lumpsum/ Monthly Monetary Compensation for dependants 150.12 72.33
Grants to Singareni Collieries Educational Society (SCES) 30.86 32.66
Total 8,131.48 6,689.06
30.1 Pay Revision Provision (NCWA XI) represents the provision made towards Pay Revision Arrears against
NCWA-XI applicable from 01.07.2021. The Provision is made for the period from July, 2021 to March, 2023,
considering the fitment benefit of 19% and other allowances finalized in 10th meeting of JBCCI held on
19.05.2023. During the year, an amount of Rs.1,104.86 Crore is provided including updating of provision
made in FY 2021-22 based on the finalized wage agreement (Refer Note No.22.10)
obligations as on the Reporting Date i.e. 31.03.2023, Leave Entitlements (Non vesting) - Rs.14.70 Crore,
LTC/LLTC - Rs.18.03 Crore, Settling in allowance - Rs.30.17 Crore and MMC - Rs.58.30 Crore) have been
transacted in the Books of Account of FY 2022-23 considering the same as an ‘Adjusting Event After the
Reporting Date’ as per Ind AS-10 (Refer Note No.22.11).
NOTE 31: FINANCE COSTS (Rs. in Crore)

I. Interest Expense
Interest on Secured Loans 244.10 294.33
Interest on Unsecured Loans - 27.94
Interest on Cash Credit facilities 0.18 0.05
Interest on Others 5.09 1.34
Unwinding Cost - Back filling provision 756.92 607.07
Unwinding Cost - Mine closure provision 102.54 107.13
Unwinding Cost - Water Body 410.92 284.32
Unwinding Cost - Leases 1.50 1.40
II. Other Borrowing Costs
Loan Processing Charges / Other Finance Costs 79.48 2.52
Total 1,600.73 1,326.10
31.II.1 Other borrowing costs include, Restructuring Costs of Term Loans (STPP) being the Pre-payment Charges of
Rs.74.70 Crore paid to M/s PFC and Tax burden amount of Rs.3.14 Crore paid to M/s REC aggregating to Rs.77.84
Crore in FY 2020-21 is admitted by Hon’ble TSERC in the Mid-Term Review Order dated 23.03.2023. The same
is regularized and Revenue from Sale of Power is recognised. (Refer to Note no 26.4 and Note no 8.3).
NOTE 31A: DEPRECIATION AND AMORTISATION EXPENSES (Rs. in Crore)

Deprecation on PPE 1,367.97 1,312.78
Depreciation on Site Restoration Assets 866.64 312.49
Deprecation on Right of Use Assets 16.09 14.90
Amortisation of Intangible Assets 27.79 0.42
Depreciation on Investment Properties 1.04 0.02
Total - (A) 2,279.53 1,640.61
Less : Capitalised Depreciation (B) 3.11 20.85
Total (A-B) 2,276.42 1,619.76
31A.1 Depreciation on PPE includes depreciation on Significant Spares of Rs.69.21 Crore which have been
capitalized during the year of Rs.20.15 Crore in pursuance of modification of Accounting policy on PPE /
Depreciation as at 2.2.3.C. (Refer Note No.3.5).
31A.2 Depreciation on PPE and Site Restoration Assets includes the depreciation charged on the Impaired Assets
during the year of Rs.104.77 Crore and Rs.55.65 Crore respectively. The corresponding Impairment
provision made in the previous years was withdrawn and credited to Statement of Profit & Loss of current
year (Refer Note No.27.2 (i)).
NOTE 32: POWER & FUEL (Rs. in Crore)

Electricity charges 412.82 386.02
SLDC & Transmission Charges – Solar Energy 14.25 8.33
Others - 0.03
Total 427.07 394.38

32.1 Expenditure on Solar Power Plants of Rs.67.22 Crore is presented in the natural heads of expenditure
(Previous Year Rs.68.85 Crore) i.e. Interest of Rs.9.91 Crore (Previous Year Rs.27.28 Crore), Depreciation
of Rs.36.11 Crore (Previous Year Rs.29.77 Crore), transmission charges of Rs.14.25 Crore (Previous Year
Rs.8.33 Crore), O&M charges of Rs.2.73 Crore (Previous Year Rs.0.98 Crore) and other expenditure of
Rs.4.22 Crore (Previous Year Rs.2.49 Crore).
NOTE 33: REPAIRS & MAINTENANCE (Rs. in Crore)

Plant & Equipment 186.37 147.30
Buildings 82.30 71.65
Railway Sidings 3.29 5.75
Others 0.50 0.41
Total 272.46 225.11
NOTE 34: CONTRACTUAL EXPENSES (Rs. in Crore)

Coal Offloading 255.17 205.96
OBR Offloading 1,773.56 1,624.67
Top Soil Rehandling 9.19 6.41
Transportation Charges 286.26 360.82
Hiring of Heavy Earth Moving Machinery (HEMM), Weighbridge and others 287.94 257.31
Operations and Maintenance expenses:
Adriyala Longwall Project 152.83 104.72
Singareni Thermal Power Plant 94.76 89.78
Solar power plants 2.95 0.98
Security Services 90.31 82.71
Others 11.18 28.02
Total 2,964.15 2,761.38
34.1 Expenditure incurred on Hiring of HEMM & Others above are presented net of the payments towards
Lease Elements during the year of Rs.17.74 Crore (Previous Year Rs. 16.19 Crore - Restated). (As per the
requirement of Ind AS-116 – “Leases”).

Obsolete Stores 17.15 -
Shortage and Theft of Stores Material - 0.03
Doubtful Debts / Advances (Expected Credit Loss) 57.06 48.22
Impairment - Site Restoration Cost (MCP-UG) 8.04 130.11
Impairment of Other Mining Infrastructure (Development - UG) 28.16 503.98
Impairment P&M, Buildings & Others 32.78 17.85
Impairment of CWIP (Development Expenditure) 0.18 106.99
Total 143.37 807.18
35.1 Provision towards Doubtful Debts and Advances (Expected Credit Loss) - represents the Provision recognized
against the long outstanding Disputed Coal Dues from Power Generating Companies of Rs.40.44 Crore as
there is significant uncertainty as to the collection of the dues. (Previous Year 43.03 Crore).
Balance provision of Rs.16.62 Crore includes the long outstanding dues towards Rent, Electricity and Water
supply charges of Rs.2.52 Crore (Previous Year Rs.1.62 Crore), Dues from OB Contractor towards Service
Tax remitted to the Dept. of Rs.1.60 Crore, Pre-GST VAT and CST Receivables of Rs.7.70 Crore, 2% Banking
charges on the Solar Banked units revenue recognized upto FY 2021-22 of Rs.0.64 Crore, HRA excess
payment recoverable of Rs.3.70 Crore and Advances paid to Vendors/Railways of Rs.0.30 Crore as the
collection of which is considered as uncertain.
35.2 Provision for Impairment of CWIP (Development Expenditure) of Rs.106.99 Crore of the Previous year includes
Provision made towards the Impairment of infructuous Capital Expenditure incurred on the non-viable Coal
Blocks surrendered to Govt. of India of Rs.99.42 Crore (i.e., New Patrapada,Odisha State and Penagadapa,
Telangana State) which was transacted as an ‘Adjusting Event after the Reporting Date’ as per Ind AS-10, in
FY 2021-22.
NOTE 36: WRITE-OFFS (Rs. in Crore)

Bad & Doubtful Debts Written Off 5.00 331.20
Assets / Stores Written Off 3.21 6.73
Others (Infructuous Capital Expenditure of Surrendered non-viable coal blocks) 63.14 -
Total 71.35 337.93
36.1 Write off of Bad and Doubtful debts includes write off of the Billing dispute claims disallowed by Hon’ble
TSERC vide it’s Order Dt. 21.11.2022 towards Incentive, aditional coal cost beyond scheduled generation,
licence fees and other cesses & taxes aggregating to Rs. 3.28 Crore (Refer Note No.26.5). Further, long
outstanding dues towards Rent, Electricity, Water Supply charges from outside customers for an amount of
Rs.1.72 Crore have been also written off in view of non-collectability.
Bad Debts Written-off in the previous year represents the write off of outstanding dues of Rs.331.20 Crore
billed to M/s. TSGENCO in 2014-15 which were disputed due to State bifurcation related issues.
36.2 Assets Written-off include Obsolete Stores written off amounting to Rs.0.83 Crore (PY 5.40 Crore). The
balance amount of Rs.2.38 Crore (Previous Year Rs.1.33 Crore) represents the write-off of carrying amount
of PPE, Other Fixed Assets owing to surveyed off of Assets for obvious reasons and Assets not useful/non-
retrievable on the closure of Mining Operations etc.
36.3 Other write offs during the year include write off of Infructuous Capital Expenditure incurred on non-viable Coal
Blocks (i.e. New Patrapara, Odisha & Penagadapa, Telangana) surrendered to the Govt. of India, of Rs.62.81
Crore, which cannot be collected from the future allottees. Consequent to write off, the provision made in the
earlier year towards Impairment of Rs.57.20 Crore is withdrawn and credited to the Profit & Loss Account of
the Current Year. Hence, consequent to the write off the net impact on the profitability is Rs.5.61 Crore only
(Refer Note No.27.2 (iv)).

NOTE 37: OTHER EXPENSES (Rs. in Crore)

(a) Selling & Distribution 64.20 54.65
(b) Gain/Loss on Exchange Rate Variance 5.99 (3.78)
(c) Corporate Social Responsibility (CSR) Expenditure 45.38 47.40
(d) Donations 152.58 50.00
(e) Payment to Auditors’
Statutory Audit Fee 0.50 0.20
Tax Audit Fee 0.01 -
Out of Pocket Expenses 0.08 0.05
Certification Fee 0.04 0.03
Cost Audit Fee 0.05 0.68 0.03 0.31
(f) Plantation/Horticulture Expenditure 18.43 17.01
(g) Taxes and Expenses of STPP
i) Taxes on Coal consumed
Royalty - STPP 331.90 282.46
Forest permit Fee –STPP 5.42 5.38
CMPS On Coal 5.42 342.74 5.38 293.22
ii) Other Expenses at STPP
GST ITC Reversal-STPP 150.17 116.40
Shunting Charges-STPP 8.92 159.09 7.64 124.04
(h) Consultancy & Professional fee expenses 16.67 17.30
(i) Others:
Rents 0.48 0.63
Insurance 13.87 14.01
Rates & Taxes 20.11 22.71
Travelling Expenses 12.57 6.39
Postage, Telegrams and Telephone 4.70 4.59
Legal Expenses 7.05 3.19
Bank Charges and Commission 4.19 2.23
Directors’ Travelling Expenses 0.17 0.43
Advertisements 2.69 1.94
Research and Development Expenses 5.93 4.30
Journals and Periodicals 0.30 0.20
Printing and Stationary 2.98 2.46
Medical Expenditure 0.38 -
CER/PH Commitments 15.95 -
Other Expenses 20.29 111.66 7.60 70.68
Total 917.42 670.83
37.1 CSR Expenditure includes an amount of Rs. 32.61 Crore (Previous year 34.71 Crore) being provision made
towards the constructive obligation on account of works sanctioned as per CSR Policy during the year 2022-
23 which have remained unspent (Ongoing works) as on 31.03.2023 and deposited to “Un-spent CSR Bank
Account 2022-23”, as per the amended provisions of CSR Rules (Refer Note no:14.5 and 24.3).
37.2 The Statutory Audit fee of FY 2022-23 includes an amount of Rs.0.15 Crore paid to the previous Statutory
Auditors on account of enhancement fee from Rs.0.20 Crore to Rs.0.35 Crore.
37.3 Research and Development cost includes the expenditure incurred by the Company on setting up of Geo-
Thermal Power Plant at Pagideru under S&T Project in addition to the grant of Rs.1.47 Crore released by
M/s.CMPDIL to the Company which was inturn paid by the Company to the participating Agency M/s.Sriram
Institute for Industrial Research. On grounding of the Project and successful implementation, the company is
eligible to share of IP rights. In view of the uncertainty, the expenditure incurred by the Company amounting
to Rs.0.39 Crore is charged off as Research and Development Expenditure.
NOTE 38: EXCEPTIONAL ITEMS (Rs. in Crore)

Environment Remediation Plan Expenditure provision / (Withdrawal of Provision) 2.48 (4.43)
Provision against Penalty levied by Hon’ble National Green Tribunal (NGT) for 0.13 41.21
EC Violation at JVR OCP/Khairagura OCP
Penalty levied against non-achievement of performance obligations at Adriyala (147.22) -
Longwall Project.
Total (144.61) 36.78
38.1 Environment remediation plan presented above represents provision for an amount of Rs.8.13 Crore made
towards implementation of RP, CRAP, NCRAP & PH commitments in respect of the remaining Mines in
Violation Category as reduced by the withdrawal of provision of Rs.5.65 Crore in respect of 6 Mines for which
ECs were approved for four Mines by MoEF&CC and EAC/SEAC recommended ECs for six Mines during the
year. (Refer No.22.4 and 39.10)
38.2 Provision for penalty levied by NGT presented above represents the provision recognized for an amount of
Rs.0.13 Crore consequent to the notice issued by TSPCB on 05.06.2023 environmental violation observed at
Kharagura OCP, in pursuance of Hon’ NGT directions. (PY Penalty levied by NGT for EC violations at JVR
OCP of Rs. 41.21 Crore) (Refer Note No.22.6 & Note No.39.10)
38.3 Penalty levied represents the forfeiture of 20% equipment value withheld of Euro 1,09,09,741.01 and invocation
of Bank Guarantee of Euro 55,43,664.00 in pursuance of the decision taken by the Management to impose
penalties against the non-achievement of performance obligations at Adriyala Longwall Project. The value of
conversion to INR is Rs.147.22 Crore. (Refer Note No.39.10)
NOTE 38A: OTHER COMPREHENSIVE INCOME (OCI) (Rs. in Crore)

Items that will not be reclassified to Profit or Loss:
Remeasurement gains / (losses) on Defined Benefit Plans
a) Gratuity (353.52) 63.43
b) Leave Encashment - Vesting (108.04) 6.49
c) CPRMS (Executives) (6.84) (19.51)
d) CPRMS (Non-Executives) (31.31) (98.93)
Sub-Total (499.71) (48.52)
Less: Deferred Tax on above 125.77 12.21
Total (373.94) (36.31)
38A.1 The above amounts include, increase in the Actuarial Valuation as on the Reporting Date due to experience
adjustment on account of JBCCI wage agreement concluded for NCWA-XI on 20.05.2023, (i.e. Gratuity-
Rs.359.87 Crore, Leave Encashment (vesting) - Rs.76.41 Crore). The incremental liability is transacted
during the year considering the same as an ‘Adjusting Event After the Reporting Date’ as per the provisions
of Ind AS-10 (Refer Note No.22.11).

Additional Notes to the Financial Statements (Standalone)

NOTE - 39
1. FAIR VALUE MEASUREMENT:
A. Financial Instruments by Category :
(Rs. in Crore)
Financial Assets and As at 31 March, 2023
st
As at 31 March, 2022
st
Liabilities FVTPL FVTOCI Amortized cost FVTPL FVTOCI Amortized cost

Financial Assets
Mutual Funds@ 500.25 - - - - -
Loans - - 40.79 - - 55.81
Others - - 9,530.32 - - 7,178.14
Trade receivables - - 15,235.58 - - 14,640.30
Cash & cash equivalents - - 928.19 - - 460.37
Other Bank Balances - - 516.15 - - 64.28
Investments - - 1,809.37 - - 2,809.37
Financial Liabilities
Borrowings - - 2,824.94 - - 4,139.55
Trade payables - - 1,225.29 - - 1,013.86
Other Financial Liabilities - - 1,114.32 - - 1,391.45
# FVTPL – Fair Value through Profit & Loss A/c
# FVTOCI- Fair Value through Other Comprehensive Income
@ Investments in Mutual Funds are classified as Equity Instruments and measured at Fair Value through Profit & Loss A/c.
B. Fair value hierarchy:

Table below shows Judgments and estimates made in determining the fair values of the financial instruments that are
(a) recognized and measured at fair value and (b) measured at amortized cost and for which fair values are disclosed
in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value,
the Company has classified its financial instruments into the three levels prescribed under the accounting standard.
An explanation of each level follows underneath the table.
(a) Recognized and measured at Fair Value:
Financial Assets and Liabilities As at 31st March, 2023 As at 31st March, 2022
measured at Fair Value Level I Level II Level III Level I Level II Level III
Financial Assets at FVTPL
Investments: - - - - - -
Mutual Funds - 500.25 - - - -
Financial Liabilities - - - - - -
If any item - - - - - -
Additional notes to the financial statements (standalone) for the year ended 31st March, 2023 (contd...)
(b) Measured at amortized cost and for which fair values are disclosed in the financial statements
(Rs. in Crore)
Financial assets and liabilities As at 31st March, 2023 As at 31st March, 2022
measured at amortized cost for Level-I Level-II Level-III Level-I Level-II Level-III
which fair values are disclosed at
31st March, 2023
Financial Assets at Amortized Cost - - - - - -
Loans - - 40.79 - - 55.81
Others - - 9,530.32 - - 7,178.14
Investments - - 1,809.37 - - 2809.37
Borrowings - - 2,824.94 - - 4,139.55
Trade payables - - 1,225.29 - - 1,013.86
Level-1: Level-I hierarchy includes Financial Instruments measured using quoted prices
Level-II: The fair value of Financial Instruments that are not traded in an active market is determined using
valuation techniques which maximize the use of observable market data and rely as little as possible
on entity-specific estimates. If all significant inputs required to fair value an instrument are observable,
the instrument is included in level-II. Investments other than investments in Joint Ventures/Subsidiary
included in Level-II.
Level-III: If one or more of the significant inputs is not based on observable market data, the instrument is
included in level-III. This is the case for unlisted equity securities, bonds, borrowings, security deposits
and other liabilities taken included in level-III.
(c) Valuation technique used in determining Fair Value
i) Valuation techniques used to value Financial Instruments include:
● The use of quoted market prices of Instruments
● The Fair Value of the remaining Financial Instruments is determined using discounted Cash Flow
analysis
ii) Fair Value measurements using significant unobservable inputs:
At present there are no Fair Value measurements using significant unobservable inputs.
(d) Fair values of Financial Assets and Liabilities measured at Amortized cost
● The carrying amounts of trade receivables, short term deposits, cash and cash equivalents, trade payables
are considered to be the same as their fair values, due to their short-term nature.
● Other Financial Assets accounted at Amortized Cost are not carried at Fair Value only if same is not
material.
● The Company considers that the security deposit does not include a significant financing component. The
milestone payments (security deposits) coincide with the company’s performance and the contract requires
amounts to be retained for reasons other than the provision of finance. The withholding of a specified
percentage of each milestone payment is intended to protect the interest of the company, from the contractor
failing to adequately complete its obligations under the contract. Accordingly transaction cost of Security
deposit is considered as fair value at initial recognition and subsequently measured at amortised cost.

SIGNIFICANT ESTIMATES:
The Fair Value of Financial Instruments that are not traded in an active market is determined using valuation
techniques. The Company uses its judgment to select a method and makes suitable assumptions at the end of each
reporting period.
2. RISK ANALYSIS AND MANAGEMENT

Financial Risk Management Objectives and Policies
The Company’s principal Financial Liabilities comprise Loans and Borrowings, Trade and Other Payables directly
related to its operations. The main purpose of these Financial Liabilities is to finance the Company’s operations. The
Company’s principal Financial Assets include Loans, Trade and Other Receivables and Cash and Cash Equivalents
that are derived directly from its operations.
The Company is exposed to Market Risk, Credit Risk and Liquidity Risk. The Company’s senior management
oversees the management of these risks. The Board of Directors reviews and agrees Policies for managing each of
these risks, which are summarized below.
This note explains the sources of risk which the entity is exposed to and how the entity manages the risk in Financial
Statements.
Risk Exposure arising from Measurement Management

Credit Risk Cash and Cash equivalents, Ageing analysis Regular monitoring and review
trade receivables financial asset by senior management and
measured at amortized cost audit committee
Liquidity Risk Borrowings and other liabilities Periodic cash flows Availability of committed credit
lines and borrowing facilities
Market Risk-foreign Future commercial transactions, Cash flow forecast Regular monitoring and review
exchange recognized financial assets and sensitivity analysis by senior management and
liabilities not denominated in INR audit committee.
Market Risk-interest Cash and Cash equivalents, Cash flow forecast Regular monitoring and review
rate Bank deposits, Mutual Funds, sensitivity analy- by senior management and
Investments in Bonds sis audit committee
A. Credit Risk:
Credit risk arises from Cash and Cash Equivalents, Investments carried at amortized cost and Deposits with Banks
and Financial Institutions, as well as including outstanding receivables.
Credit risk management:
Macro - economic information (such as regulatory changes) is incorporated as part of the Fuel Supply Agreements
(FSAs), Power Purchase Agreements (PPAs) and e-auction terms.
Fuel Supply Agreements:
As contemplated in and in accordance with the terms of the New Coal distribution Policy (NCDP), we enter into
legally enforceable FSAs with our customers or with State Nominated Agencies that in turn enters into appropriate
distribution arrangements with end customers. Our FSAs can be broadly categorized into:
- FSAs with customers in the power utilities sector, including State power utilities, Private Power Utilities
(“PPUs”) and Independent Power Producers (“IPPs”);
- FSAs with customers in Non-Power Industries (including captive power plants (“CPPs”)); and
- FSAs with State Nominated Agencies
Power Purchase Agreement:

SCCL is operating 2X600 MW Thermal Power Project (STPP) .To secure guarantee of purchase of power and
certainty of revenue stream, legally enforceable power purchase agreement has been entered with Southern
Power Distribution Company of Telangana Ltd(TSSPDCL) and Northern Power Distribution Company of Telangana
Ltd(TSNPDCL) on 18.01.2016 for 25 years from the date of COD of the project i.e., 02.12.2016.
E-Auction Scheme:
The E-Auction scheme of coal has been introduced to provide access to coal for customers who were not able to
source their coal requirement through the available institutional mechanisms under the NCDP for various reasons,
for example, due to a less than full allocation of their normative requirement under NCDP, seasonality of their coal
requirement and limited requirement of coal that does not warrant a long-term linkage. The quantity of coal to be
offered under E-Auction is reviewed from time to time by the MOC.
Provision for Expected Credit Loss: The Company provides for expected credit risk loss for doubtful/ credit
impaired assets, by lifetime expected credit losses (Simplified approach).
Expected Credit Losses for Trade Receivables under Simplified Approach: (Rs. in Crore)
Exposure to risk As at 31st March 2023 As at 31st March 2022
Trade Receivables 15,493.74 14,858.19
Less: Expected Credit Loss 258.16 217.89
Total 15,235.58 14,640.30
* Including trade receivables (Non-current) before fairvalue adjustment.
Reconciliation of Credit Loss allowance provision – Trade receivables
Particulars Amount (Rs. in Crore)

Loss allowance on 31.03.2022 217.89
Changes in loss allowance in 2022-23 40.27
Significant Estimates and Judgments:
Impairment of Financial Assets
The impairment provisions for Financial Assets disclosed above are based on assumptions about risk of default and
expected loss rates. The company uses judgement in making these assumptions and selecting the inputs to the
impairment calculation, based on the company’s past history, existing market conditions and uncertainty in collection
as well as forward looking estimates, at the end of each reporting period.
B. Liquidity Risk:
Prudent liquidity risk management implies maintaining sufficient cash and cash equivalents and the availability of
funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the dynamic
nature of the underlying businesses, Company treasury maintains flexibility in funding by maintaining availability
under committed credit lines.
Management monitors forecasts of the Company’s liquidity position (comprising the undrawn borrowing facilities
below) and cash and cash equivalents on the basis of expected cash flows.

Financing arrangements
The Company had access to the following undrawn borrowing facilities at the end of the Reporting Period.
(Rs. in Crore)
Exposure to risk As at 31 March 2023
st
As at 31 March 2022
st
Interest bearing Borrowings :

On demand :
Less than 365 days - -
More than 365 days :
SBI term Loan ( Solar) @ - 353.27
BOB term Loan (FGD) 442.40 -
Total 442.40 353.27
* Working Capital Limits(Cash Credit & Bill discounting ) are not considered.
@ SBI Term Loan availed for setting up of Solar Power Plants is repaid in FY 2022-23.
C. Market Risk :
a) Foreign currency risk :
The company’s foreign exchange risk arises from payments to overseas suppliers (US Dollar, British Pound,
Euro and Japanese Yen). A portion of the Company’s trade payables are in these foreign currencies as under:
Trade Payables :
As at Exchange Amount As at Exchange Rate Amount
Currency
31.03.2023 Rate (INR) (Rs. Crore) 31.03.2022 (INR) (Rs. Crore)
EURO (€) € 87,892 89.22 0.78 € 11,007,633 84.24 92.73
GBP (£) - - - £77,012 99.48 0.77
USD ($) - - - $314,280 75.80 2.38
Total 0.78 95.88
As a result, if the value of the Indian rupee depreciates relative to these foreign currencies, the Company’s
foreign exchange outflow in Indian rupees may increase. The company has not entered into any hedging
arrangement.
In respect of the above Trade Payables in Foreign Exchange, every 10% decrease /increase in the exchange
rates will have a Financial impact (before tax) of Rs.0.08 Crore either side (Rs.9.59 Crore for year ended
31.03.2022).
b) Cash flow and fair value interest rate risk: Ind AS 107(33)(a) :
The company’s main interest rate risk arises from bank deposits with change in interest rate exposes the com
pany to cash flow interest rate risk. Company’s policy is to maintain most of its deposits at fixed rate.
Interest rate risk on the Borrowings:
As on 31.03.2023, the Company had obtained loans with floating rate of interest rates as under:
As at 31.03.2023 As at 31.03.2022
Amount Rate of Amount Rate of
Loan from Basis of interest
outstanding Interest outstanding Interest
(Rs in Crore) p.a (Rs in Crore) p.a
State Bank of India 1 Year MCLR plus 25 bps 2,061.45 8.20% 2,393.98 7.25%
ICICI Bank 3 Month Treasury Bill plus 1.86% 713.99 8.63% 832.99 6.93%
State Bank of India 1 Year MCLR plus 34 bps - - 475.62 7.34%
Bank of Baroda 1 Year SBI MCLR 45.15 7.20% - -
Total 2,820.59 3,702.59
On the above loan balance outstanding as on the Reporting Date, every 10 bps increase/ decrease in the
floating interest rate component (i.e., MCLR and Treasury Bill rate) on the respective reset dates, shall result in
Loss/ Profit of Rs.1.47 Crore (approx.), as the case may be, in the next financial periods (the actual impact on
this count for FY 2022-23 Rs.17.13 Crore (Loss)) (Please refer Note-19 for details of the Company’s borrowings
including interest rate profiles)
c) Equity instruments in Mutual Funds are subjected to market risk.
The Company’s policy is to invest in Mutual Funds in the debt based instruments for short periods only to
minimize the exposure to the market risk.
Capital Management:
The company being a Government Entity manages its capital as per the guidelines of Department of Investment and
Public Asset Management under Ministry of Finance.
Capital Structure of the company is as follows:
(Rs. in Crore)
Equity Share capital 1,733.20 1,733.20
Long term debt (SBI+ICICI Bank+BOB+SBI Solar#)* 2,369.91 2,776.29
* Excluding Current maturities and prepayment of Long term Debt as on 31.03.2023 of Rs.450.68 Crore (As on 31.03.2022 Rs.926.30 Crore).
# SBI (Solar) Term Loan of Rs.475.62 Crore was repaid during the current year. This loan amount was included in the current maturities of
Rs.926.30 Crore as on 31.03.2022 mentioned above.
3. EMPLOYEE BENEFITS: RECOGNITION AND MEASUREMENT (IND AS-19):

i) Defined Contribution Plans :
The Company operates Defined Contribution Plans which include the following
(Rs. in Crore)
Sl. Particulars For the For the
No FY 2022-23 FY 2021-22
1 Coal Mines Provident Fund Scheme is a Defined Contribution 674.76 660.81
Plan and charged off to Statement of Profit & Loss.(#) (*)
2 Superannuation & Pension Benefit to the Executive Cadre employ- 29.28 47.90
ees (#).
# Excluding the expenditure transferred to CWIP(REC) in respect of Mines under development
* Including Extended Service benefit during the extended service period i.e. 60 Years to 61 Years
ii) Defined benefit Plans:

The Company operates Defined Benefit Plans as follows which are valued on Actuarial basis:
Gratuity (Funded) Leave Encashment (Vesting) (unfunded)

Leave Entitlements (Non-Vesting) Settling Allowance
Leave Travel Concession Monthly Monetary Compensation (MMC)
CPRMS(E) CPRMS(NE)

iii) Total liability as on 31.03.2023 based on valuation made by the Actuary, details of which are mentioned
below is Rs.5,225.78 Crore (Previous Year Rs.5,253.38 Crore)
(Rs. in Crore)
Actuarial Liability Incremental Liability Actuarial Liability
Particulars
as on 01.04.2022 for the Year # as on 31.03.2023
Gratuity 3,309.21 (386.81) 2,922.40
Leave Encashment (Vesting) 672.02 134.60 806.62
Leave Entitlements (Non-Vesting) 171.43 20.13 191.56
CPRMS(E) 227.48 26.45 253.93
CPRMS(NE) ** 596.07 69.90 665.97
Monthly Monetary Compensation 141.06 56.17 197.23
Settling Allowance 69.80 35.01 104.81
Leave Travel concession 66.31 16.95 83.26
Total 5,253.38 (27.60) 5,225.78
# Includes the liability increase on account of NCWA-XI Wage Agreement concluded on 20.05.2023.
a) Gratuity:
Gratuity payable to eligible employees is administered by a separate Trust. The Liability towards Gratuity as
on each Reporting Date is made on the basis of Actuarial Valuation. The Actuarial Liability (as certified by the
Actuary) towards Gratuity net of Funds maintained in the Trust (Unfunded Liability) amounted to Rs.2,922.40
Crore as at 31.3.2023 (Previous Year Rs. 3,309.21 Crore). The above liability as on 31.03.2023 includes an
amount of Rs.359.87 Crore towards incremental liability owing to NCWA XI Wage Revision.
b) Leave Encashment (Vesting):
Leave Encashment benefits which are encashable in service or on retirement (i.e. Vesting) payable to employees,
at the end of the year, are recognized based on the Actuarial Valuation. The Actuarial Liability (as certified by the
Actuary) towards Leave Encashment (Vesting) and the outstanding amounts towards leaves encashed during
the year amounted to Rs.806.62 Crore as at 31.03.2023 (Previous Year Rs. 672.02 Crore). The above liability
as on 31.03.2023 includes an amount of Rs.76.41 Crore towards incremental liability owing to NCWA XI Wage
Revision.
c) Leave Entitlements (Non-Vesting):
Leave entitlements which are non-encashable in service or on retirement or on resignation (i.e. Non-Vesting)
are recognized on Actuarial Valuation. After applying the Non Availment Factor of 40%, the Liability as per the
Actuarial valuation as on 31.03.2023 is Rs.191.56 Crore. (Previous Year Rs.171.43 Crore). The above liability
Revision.
d) Contributory Post Retirement Medicare Scheme: CPRMS (E)
The Actuarial Liability (as certified by the Actuary) for Contributory Post Retirement Medicare Scheme for
Executives & their spouses against plan benefits (yearly domicillary treatment and Rs.25.00 Lakh designated
benefit) amounted to Rs.253.93 Crore as at 31.03.2023 (Rs. 227.48 Crore up to 31.03.2022). An amount of
Rs.37.50 Crore is charged to Revenue (Previous Year Rs.44.46 Crore). During this year, scheme benefits of
Rs.11.04 Crore are paid to Retired Executives (PY Rs.10.78 Crore)
e) Contributory Post Retirement Medicare Scheme: CPRMS (NE)

(i) The Company has implemented Contributory Post Retirement Medicate Scheme for Non-Executives
(CPRMS-NE) as per JBCCI Agreement. As per the Scheme, the designated Benefit of Medical reimbursement
is Rs.8.00 Lakhs / per employee.
(ii) As per the modalities of the Scheme, the Employees have to contribute Rs.40,000/- as their contribution.
The employees who have retired in earlier wage periods have to contribute specified amounts. The
Company also has to contribute Rs.18,000/- per employee for those employees who were on rolls as on
01.07.2016 and who have joined thereafter. From FY 2021-22 onwards, the Company is recognizing the
liability on Actuarial valuation basis treating the same as Defined Benefit Obligation, as the Company is
having constructive obligation to extend the plan benefits irrespective of the sufficiency of the contributions.
(iii) The liability towards CPRMS(NE) based on Actuarial valuation as on 31.03.2023 is Rs.665.97 Crore
(Previous Year Rs.596.07 Crore)
f) Monthly Monetary Compensation (MMC)
Monthly Monetary Compensation to dependants of deceased in mines accidents/ medical unfit, etc., & Low
Productive Employees are valued on actuarial basis and actuarial liability as at 31.03.2023 is Rs.197.23 Crore
(Previous Year Rs. 141.07 Crore). The above liability as on 31.03.2023 includes an amount of Rs.58.30 Crore
towards incremental liability owing to NCWA XI Wage Revision.
g) Settling in Allowance:
Liability on account of amounts payable to the separated employees for settling at their Home Towns /Place of
settlement is valued on actuarial basis. The actuarial liability as at 31.03.2023 is Rs.104.81 Crore (Previous
Year of Rs. 69.80 Crore). The above liability as on 31.03.2023 includes an amount of Rs.30.17 Crore towards
incremental liability owing to NCWA XI Wage Revision.
h) Leave Travel concession:
Leave Travel Concession is valued on actuarial basis, the actuarial liability as at 31.03.2023 is Rs.83.26 Crore
(Previous Year Rs. 66.31 Crore). An amount of Rs.18.47 Crore was paid under this Scheme and charged to
revenue during the year (Previous Year Rs.17.40 Crore).The above liability as on 31.03.2023 includes an amount
of Rs.18.03 Crore towards incremental liability owing to NCWA XI Wage Revision.

iv) Disclosure as per Actuary’s Certificate:

The disclosures as per Actuary’s Certificate for employee benefits for Gratuity (funded) and Leave Encashment
(funded) are given below: -
ACTUARIAL VALUATION OF GRATUITY LIABILITY - DISCLOSURES AS PER IND AS-19
(Rs. in Crore)
Changes in Present Value of defined benefit obligations As at 31.03.2023 As at 31.03.2022
Present Value of obligation at beginning of the period 3,973.94 4,076.31
Current Service Cost 165.90 158.00
Past Service Cost - -
Interest Cost 254.05 242.22
Actuarial (Gain) / Loss on obligations due to change in financial (33.17) (124.07)
assumption
Actuarial (Gain) / Loss on obligations due to experience adjustments 363.86 59.37
Benefits Paid (687.05) (437.89)
Present Value of obligation at end of the year 4,037.53 3,973.94
Including pending claims for settlement of Rs.475.68 Crore as on 31.03.2023 (PY Rs.503.33 Crore) and Supplementary
claims of Rs.40.67 Crore on account of NCWA XI wage revision (settled and pending claims of Not Onroll employees
for the period 01.07.2021 to 31.03.2023) as on 31.03.2023
(Rs. in Crore)
Changes in Fair Value of Plan Assets As at 31.03.2023 As at 31.03.2022
Fair Value of Plan Asset at beginning of the period 664.73 716.73
Interest Income 63.65 55.16
Employer Contributions 1,096.63 332.00
Benefits Paid (687.05) (437.89)
Return on Plan Assets excluding Interest income (22.83) (1.27)
Fair Value of Plan Asset as at end of the year 1,115.13 664.73
(Rs. in Crore)
Statement showing reconciliation to Balance Sheet As at 31.03.2023 As at 31.03.2022
Fund Liability 4,037.53 3,973.94
Fund Asset 1,115.13 664.73
Un Funded Status 2,922.40 3,309.21
(Rs. in Crore)
Expense Recognized in Statement of Profit / Loss As at 31.03.2023 As at 31.03.2022
Net Interest Cost 190.40 187.06
Benefit Cost (Expense recognized in Statement of Profit/Loss) 356.30 345.06
(Rs. in Crore)
Other Comprehensive Income As at 31.03.2023 As at 31.03.2022
assumption
Total Actuarial (Gain) / Loss - -
Return on Plan Asset, excluding Interest Income 22.83 1.27
Balance at the end of the year - -
Net (Income) / Expense for the year recognized in Other 353.52 (63.43)
Comprehensive Income
(Rs. in Crore)
Statement showing Plan Assumptions As at 31.03.2023 As at 31.03.2022
Discount Rate 7.51% 7.32%
Expected Return on Plan Asset 7.51% 7.32%
Rate of Compensation Increase (Salary Inflation) 6.75% 6.50%
Average Expected Future Service (Remaining Working Life) 17.87 Years 16.77 Years
Average Duration of Liabilities 16.74 Years 18.21 Years
Superannuation at Age 61 Years 61 Years
Gratuity limit Rs.20 lakh Rs.20 lakh
Mortality , Disability, Withdrawal & Retirement table As at 31.03.2023

Percentage Percentage
Attained Age Abs. Mortality Rate Disability Withdrawal Retirement
Male Female Male Female Male Female Male Female
20 0.09% 0.09% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
25 0.09% 0.09% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
30 0.10% 0.10% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
35 0.12% 0.12% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
40 0.17% 0.17% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
45 0.26% 0.26% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
50 0.44% 0.44% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
55 0.75% 0.75% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
60 1.12% 1.12% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
61 1.20% 1.20% 0.00% 0.00% 1.00% 1.00% 100.00% 100.00%
(Rs. in Crore)
Statement Showing Benefit Information Estimated Future payments (Past Service)
Year 31.03.2023 31.03.2022
1 909.02 1,096.25
2 409.18 323.54
3 594.71 559.59
4 523.29 525.58
5 469.33 453.58
6 to 10 1,789.60 1,690.23
More than 10 years 4,276.77 3,551.36
Projected Benefit Obligation 8,971.90 8,200.13

Sensitivity Analysis:
Discount Rate, Salary Escalation Rate and Withdrawal Rate are significant actuarial assumptions. The change in the
Present Value of Defined Benefit Obligation for a change of 100 Basis Points from the assumed assumption is given
below:
2022-23 2021-22
Scenario Present Value of % Present Value of %
Obligation (Rs. in Crore) Change Obligation (Rs. in Crore) Change
Under Base Scenario 4,037.53 - 3,973.94 -
Salary Escalation - Up by 1% 4,094.77 1.42% 4,023.61 1.25%
Salary Escalation - Down by 1% 3,976.10 -1.52% 3,918.98 -1.38%
Withdrawal Rates - Up by 1% 4,081.57 1.09% 4,006.77 0.83%
Withdrawal Rates - Down by 1% 3,991.28 -1.15% 3,939.60 -0.86%
Discount Rates - Up by 1% 3,774.01 -6.53% 3,734.03 -6.04%
Discount Rates - Down by 1% 4,342.81 7.56% 4,250.24 6.95%
Mortality Rates - Up by 10% 4,040.89 0.08% - -
Mortality Rates - Down by 10% 4,034.16 -0.08% - -
** Claims of Not-on-roll employees pending for settlement of Rs.475.69 Crore as on 31.03.2023 (PY Rs.503.33
Crore) and supplementary claims of Rs.40.67 Crore on account of NCWA-XI wage revision (settled and pending
claims for the period 01.07.2021 to 31.03.2023) as on 31.03.2023 included in the Valuation are not subjected to
the above Sensitivity factors.
(Rs. in Crore)
Statement Showing Cash Flow Information 31.03.2023 31.03.2022
Current service Cost (Employer portion Only) Next period 175.00 165.90
Interest Cost in next period 264.44 254.05
Expected Return on Plan Asset in Next period 89.38 34.02
Benefit Cost in Next period 650.00 600.00
Expected Contribution to the Trust in Next period 800.00 400.00
(Rs. in Crore)
As at As at
Statement showing present value of Obligation (Non-Current/Current)
31.03.2023 31.03.2022
Current liability - -
Non-Current Liability 4,037.53 3,973.94
Net Liability 4,037.53 3,973.94
ACTUARIAL VALUATION OF LEAVE ENCASHMENT BENEFIT (VESTING)

EARNED LEAVE(EL)/ HALF PAY LEAVE(HPL)-DISCLOSURES AS PER IND AS-19 :
(Rs. in Crore)
As at As at
Changes in Present Value of defined benefit obligations
31.03.2023 31.03.2022
Present Value of obligation at beginning of the period 672.02 641.37
Actuarial (Gain) / Loss on obligations due to change in financial assumption 3.00 (22.02)
Benefits Paid (132.16) (104.29)
Present Value of obligation at end of the period 806.62 672.02
(Rs. in Crore)
As at As at
Changes in Fair Value of Plan Assets
31.03.2023 31.03.2022
Fair Value of Plan Asset at beginning of the period Unfunded Unfunded
Interest Income Unfunded Unfunded
Employer Contributions Unfunded Unfunded
Benefits Paid Unfunded Unfunded
Return on Plan Assets excluding Interest income Unfunded Unfunded
Fair Value of Plan Asset as at end of the period Unfunded Unfunded
(Rs. in Crore)
As at As at
Statement showing reconciliation to Balance Sheet
31.03.2023 31.03.2022
Fund Liability 806.62 672.02
Fund Asset - -
Un Funded Status Unfunded Unfunded
(Rs. in Crore)
As at As at
Statement showing Plan Assumptions:
31.03.2023 31.03.2022
(Rs. in Crore)
As at As at
Expense Recognized in Statement of Profit / Loss
31.03.2023 31.03.2022

(Rs. in Crore)
As at As at
Other Comprehensive Income
31.03.2023 31.03.2022
Net (Income) / Expense for the period recognized in Other Comprehensive 108.04 (6.49)
Income
Mortality , Disability, Attrition & Retirement table As at 31.03.2023

Attained
Abs. Mortality Rate Disability Attrition Retirement
Age
20 0.09% 0.09% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
25 0.09% 0.09% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
30 0.10% 0.10% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
35 0.12% 0.12% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
40 0.17% 0.17% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
45 0.26% 0.26% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
50 0.44% 0.44% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
55 0.75% 0.75% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
60 1.12% 1.12% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
61 1.20% 1.20% 0.00% 0.00% 1.00% 1.00% 100.00% 100.00%
below:
2022-23 2021-22
Scenario Present Value of Obli- % Present Value of Obligation %
gation (Rs. in Crore) Change (Rs. in Crore) Change
Under Base Scenario 806.62 - 672.02 -
Salary Escalation - Up by 1% 870.97 7.98% 702.80 4.58%
Salary Escalation - Down by 1% 749.75 -7.05% 643.26 -4.28%
Attrition Rates - Up by 1% 809.97 0.42% 671.63 -0.06%
Attrition Rates - Down by 1% 802.81 -0.47% 672.45 0.06%
Discount Rates - Up by 1% 754.68 -6.44% 647.33 -3.67%
Discount Rates - Down by 1% 866.43 7.41% 698.95 4.01%
Mortality Rates - Up by 10% 806.75 0.02% - -
Mortality Rates - Down by 10% 806.48 -0.02% - -
Crore) are included in the Valuation as these claims are not subjected to the above Sensitivity factors.
(Rs. in Crore)
Statement Showing Benefit Information Estimated Future payments
Year 31.03.2023 31.03.2022
1 119.92 171.48
2 86.52 140.63
3 106.58 138.2
4 104.58 120.85
5 92.26 103.07
6 to 10 342.32 289.11
More than 10 years 818.79 204.75
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Current liability 119.92 114.38
Non-Current Liability 686.70 557.64
Net Liability 806.62 672.02
Dust suppression activity with Mist & Dry fog system at 16000 tonnes
GL bunker, RG OC-3 CHP

ACTUARIAL VALUATION OF CONTRIBUTORY POST RETIREMENT

MEDICARE SCHEME (EXECUTIVES)-DISCLOSURES AS PER IND AS-19 :
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Actuarial (Gain) / Loss on obligations due to change in demographic - 16.48
assumptions
Benefits Paid (11.04) (10.77)
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Fair Value of Plan Asset at beginning of the period - -
Interest Income - -
Employer Contributions - -
Benefits Paid - -
Return on Plan Assets excluding Interest income - -
Fair Value of Plan Asset as at end of the period - -
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Fund Asset - -
Un Funded Status 253.93 227.48
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Medical Inflation Rate 6.75% 6.50%
Mortality Rate IALM (2012-14) IALM (2012-14)
Till age 59 & Till age 59 &
IIAMT (2012- IIAMT (2012-
15) Thereafter 15) Thereafter
Morbidity Rate (Critical Illness) 10% 10%
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
assumptions
Discount Rate and Medical inflation Rate are significant actuarial assumptions. The change in the Present Value of
Defined Benefit Obligation for a change of 100 Basis Points from the assumed assumption is given below:
Particulars Base (+)100 Basis Points (-)100 Basis Points

Discount Rate Assumptions 7.51% 8.51% 6.51%
PV of DBO (Rs. Cr.) 253.93 214.83 305.42
Variation -15.40% 20.28%
Medical Assumptions 6.75% 7.75% 5.75%
Inflation Rate PV of DBO (Rs. Cr.) 253.93 306.86 213.17
Variation 20.84% -16.05%
(Rs. in Crore)
Year 31.03.2023 31.03.2022
1 17.12 12.90
2 7.08 13.57
3 7.87 14.12
4 8.71 14.49
5 9.50 15.10
6 to 10 59.33 81.93
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022

ACTUARIAL VALUATION OF CONTRIBUTORY POST RETIREMENT MEDICARE

SCHEME (NON-EXECUTIVES)-DISCLOSURES AS PER IND AS-19 :
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Actuarial (Gain) / Loss on obligations due to change in demographic assumptions - 46.27
Other (Employee contribution,Taxes, Expenses) 26.77 46.89
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Interest Income - -
Benefits Paid - -
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Fund Asset - -
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Mortality Rate IALM (2012- IALM (2012-
14) Till age 14) Till age
59 & IIAMT 59 & IIAMT
(2012-15) (2012-15)
Thereafter Thereafter
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
(+)100 Basis (-)100 Basis

Particulars Base
Points Points
PV of DBO (Rs. Cr.) 665.97 553.88 817.21
Variation -16.83% 22.71%
Medical Inflation Assumptions 6.75% 7.75% 5.75%
Rate PV of DBO (Rs. Cr.) 665.97 821.05 549.44
Variation 23.29% -17.50%
(Rs. in Crore)
Year 31.03.2023 31.03.2022
1 28.47 33.43
2 21.89 35.47
3 23.59 37.96
4 25.97 39.31
5 28.61 41.04
6 to 10 184.04 45.14
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022

4. UNRECOGNIZED ITEMS:
4.A: Contingent Liabilities
(Rs. in Crore)
As at As at
S.No. Particulars
31.03.2023 31.03.2022
Claims against the Company not acknowledged as debts:
(i) Demand from Divisional Forest Officer towards NPV for renewal of different 7.91 7.91
mining leases – contested by the Company
(ii) Workmen Compensation (cases contested – court) 1.93 1.94
(iii) Motor Accident claims (cases contested – court) 0.26 0.29
(iv) Police Guard (excess man power billed disputed) - 2.98
(v) S C Railways (damages, demurrages etc. disputed) 0.98 0.98
(vi) Water Royalty (billed at Industrial rate disputed) - 2.48
(vii) Vacant Land Tax (Levy contested) - -
(viii) Contractors, Suppliers & Customers 1,853.66 734.04
(ix) Other disputed claims & Legal cases etc. 49.17 44.95
(x) Service Tax demands were raised on OBR contractors by Service Tax
Department treating value of free issue explosives and HSD oil as
additional consideration to them. The demands of Service Tax Department
have been contested by the Service Providers. Pending adjudication of
disputed demands, SCCL issued letter of comfort to the contractors with
commitment to reimburse Service Tax, interest and penalty thereon in case
the verdict goes against them.
However, Larger Bench of CESTAT, New Delhi in the case of M/s.
Bhayana Builders (P) Ltd., and others held that value of the goods and
materials supplied free of cost of being neither monetary nor non-monetary
consideration and would be outside the taxable value or the gross amount
charged to Service Tax.
In the appeal filed by M/s. SV Engg. Constructions, to whom comfort letter 337.64 337.64
was given by SCCL, the Hyderabad Circuit Bench of CESTAT has given
judgment in favour of M/s. SV Engg. Constructions.
Further, in appeals filed by M/s. PLR Projects Pvt. Ltd., M/s Gulf Oil
Corporation Ltd., M/s G RN Construction Pvt. Ltd., M/s. BGR Mining & Infra
Pvt. Ltd. And SV Engg. Constructions, CESTAT, Bangalore has passed a
judgement in favour of the Contractors.
Against the order passed by the CESTAT in the case of M/s. Gulf Oil
Corporation Ltd, the Service Tax Department has filed a Civil Appeal in
the Hon’ble Supreme Court. The Supreme Court has pronounced its
judgement on the Civil Appeal stating that material issued free of cost does
not attract service tax (Civil Appeal Nos 1335-1358 of 2015). However,
as the individual orders for the cases filed by Contractors are yet to be
received, the service tax liability against the Comfort Letter is considered
as contingent liability.
As at As at
S.No. Particulars
31.03.2023 31.03.2022
(xi) (a) Excise Duty demands on quantity disputes. 5.70 5.70
(b) Education Cess and Secondary Higher Education Cess demands 0.78 0.78
raised by Excise Department from March, 2011 to March, 2015 contested
by SCCL
(c) CEC on Coal removed to Captive Power plants located at KGM & RGM 0.20 0.20
for the period from Dec-12 to Dec-16
(d) CEC on Closing Stock as on 30.06.2017 (Pre-GST) 223.39 223.39
(xii) a) Tax Demands from Commercial Taxes Department (including entry 4.35 4.06
tax) which are disputed by SCCL and pending before various appellate
authorities for adjudication.
b) GST on Forest Permit Fee under RCM from FY 2017-18 to FY 2022-23 65.65 -
(The Order passed by Appellate Authority of Advance Ruling, Telangana
was contested before Hon’ble High Court vide WP No.10329 of 2023.
(xiii) Tax Demand from Income Tax department which are disputed by SCCL and 391.30 340.11
pending before various appellate authorities for adjudication.
Tax Demand from Income Tax department which are disputed by SCCL and 31.70 26.46
pending before various appellate authorities for adjudication against which
SCCL has filed Rectification Petition
(xiv) a) Tax Demand on Irregular availment of credit on certain services which 1.66 1.66
are ineligible (services connected to Transmission, Lighting, Canteen,
Railway Siding, Maintenance and Repairs of Building, Laying and Repairs
of Road, Bore well, RO plants, Air ticketing)
b) Service Tax on DMFT, NMET and Forest Permit Fee against the 112.76 112.76
showcause notice No.22/2019-20, Dt. 18.12.2019 issued by Commissioner
of Central Tax and Customs for short payment of Taxes. The Service Tax
demand for DMFT and NMET was requested to be kept pending in the
call book pending final decision of Supreme Court in a similar matter. The
Service Tax demand on the Forest Permit Fee was paid under protest.
(xv) Professional Tax:
A Demand Notice has been issued by Dy.C.T.O KGM for an amount of 289.26 279.96
Rs.176.44 Crore basing on G.O. No. 14897/CT-IV/2004, Dt. 23.02.2013 for
recovery of arrears of Professional tax from employees and remittance to
the Dept. for the years 1990-91 to 2012-13 which has been kept in abeyance
based on the Management’s representations. The Commissioner (CT),
Hyderabad has referred the matter to the Govt of Telangana vide CCT’s
Ref No: A.(3)/109/2014 dated 28.09.2015 for kind examination of SCCL’s
request and to take appropriate decision regarding payment of professional
tax of Rs.204.44 (Rs.176.44 plus 28.00 Crore for the period from April 2014
to May 2015). Till date, no further demand notice is received on the matter.
The estimated Professional Tax for the further period of June 2015 to March
2023 is included in the Contingent Liability being reported.

As at As at
S.No. Particulars
31.03.2023 31.03.2022
(xvi) (a) Claims for additional compensation decided by the Lower Courts in 148.83 146.50
favour pattadars which were contested by the company in Higher Courts
for Acres 1,480 Guntas 10 ( PY Acres: 1,466, Guntas 19 3/4)
(b) Claims in respect of suits filed by the Pattadars for additional Not Not
compensation for Acres 3,437 Guntas 15 (Previous year: Acres: 3,538 quantifiable quantifiable
Guntas 31 1/4) contested by the Company and pending in Courts.
(xvii) An amount of Rs.13.56 Crore has been charged to M/s. B.G.R. Mining &Infra Pvt. Ltd., towards lead
variation charges and recognised as income during the year 2012-13. As against recovered amount of
Rs.13.56 Crore, an amount of Rs.5.81 Crore was released during the year 2013-14 keeping the Bank
Guarantees for an amount of Rs.7.65 Crore as collateral security. A case has been filed by the contractor
before the Hon’ble XXVI Addl Chief Judge, CCC, Hyderabad challenging the above recovery.
(xviii) Coal pilferage was reported in Financial year 2013-14 involving 12099 Tonnes, valued at Rs.4.04 Crore.
The party made a conditional deposit of Rs.4.37 Crore and the amount is kept under deposits. Pending
enquiry issue is not dealt in the books.
The contingent liability indicated above is excluding interest wherever applicable.
4.B: CAPITAL COMMITMENTS

(Rs. in Crore)
As at As at
S.No. Particulars
31.03.2023 31.03.2022
1 Estimated value of capital commitment for 2 X 600 MW Singareni 457.74 606.90
Thermal Power Project, Jaipur, Telangana State.
2 Estimated value of capital commitments of other contracts to be 786.78 436.18
executed
3 Estimated value of capital commitments - Solar Power Plants 459.03 127.41
Total 1,703.55 1,170.49
4.C: UNEXECUTED COMMITMENTS

4.C.1: Unexecuted Sale Commitments (Rs. in Crore)
As at As at
S.No. Particulars
31.03.2023 31.03.2022
1 Value of Commitment against the Unexecuted Sale orders. 3,292.05 4,019.12
4.C.2: Unexecuted Purchase/Service order Commitments (Revenue) (Rs. in Crore)

As at As at
S.No. Particulars
31.03.2023 31.03.2022
1 Value of Commitment against the Unexecuted Orders - Revenue 6,209.13 1,419.87
Material
2 Value of Commitment against the Unexecuted Service orders -
Revenue.
i) OB Removal Contracts 4,325.12 6,961.26
ii) Coal Offloading Contracts 1,765.84 2,815.90
iii) Coal & Sand Transport Contracts 695.97 485.60
iv) Washery Services 1,257.35 1,283.51
v) STPP O&M Contracts 217.57 286.29
vi) Other Revenue Contracts 3,707.62 2,324.60
Total Commitments against Revenue Orders 18,178.60 15,577.03
4.D: Other Commitments/Guarantees (Rs. in Crore)

As at As at
S.No. Particulars
31.03.2023 31.03.2022
1 Bills Receivable from M/S.TS GENCO/ M/S.AP GENCO /M/S.TS 4,144.16 3,359.79
TRANSCO discounted with Banks (HDFC/SBI/CANARA/IDBI).
for which the Company has undertaken to indemnify the banks
in the event of non-honouring of the Bills of Exchange by M/S.TS
GENCO/M/S. AP GENCO/M/S. TS TRANSCO on maturity.
2 The balance value of Surrounding Habitats Assistance Programme 0.49 3.97
(SHAPE) works to be executed.
3 Liability on the Works sanctioned towards CSR under CSR policy of 24.03 26.37
the company for the period upto FY 2018-19
4 Commitment towards Contribution for setting up of Medical College 287.42 440.00
at Ramagundam, Peddapalli District, Telangana
Total 4,456.10 3,830.13
4.D.1 Out of these Bills of Exchange discounted for Rs. 4,144.16 Crore outstanding as on 31.03.2023, the following
Bills have been honoured and discharged by the Customers as on 06.07.2023:
Customer Discounted with Bill Discounted (Rs. Crore) Maturity date

TSGENCO SBI 30.00 15-04-2023
TSGENCO SBI 30.00 15-05-2023
TSGENCO SBI 90.00 20-05-2023
APGENCO SBI 307.73 22-05-2023
TSGENCO SBI 153.11 29-05-2023
TSTRANSCO IDBI 180.00 23-06-2023
TSGENCO SBI 252.52 29-06-2023
APGENCO SBI 300.00 06-07-2023
Total 1,343.36

5. OTHER INFORMATION
5.1: Ind AS 115 -Revenue from Contracts with Customers
Significant judgments & other disclosures
1. Identification of contract
(A) Coal
a) Customers: Most of coal produced by the Company is supplied to thermal power plants. Coal is also
supplied to various industries that include, cement, sponge iron & others and also for captive consumption.
b) Distribution and Marketing Policy: Government of India has issued New Coal Distribution Policy (NCDP)
on October 18, 2007 with an objective to meet the demand of coal from consumers of different sectors of the
economy, both on short term and long term basis, in an assured, sustained, transparent and efficient manner
with built - in commercial discipline. The Company abides by it.
The major types of arrangements / agreements as per NCDP are:
i) Fuel Supply Agreements (FSAs): As contemplated in and in accordance with the terms of the New Coal
Distribution Policy (NCDP), the Company enters into legally enforceable FSAs with customers. FSAs can
be broadly categorized into: ·
● FSAs with customers in the power utilities sector, including state power utilities, private power
utilities (PPUs) and independent power producers (IPPs);
● FSAs with customers in non-power industries (including captive power plants (CPPs))
● FSAs through linkage route.
● Memorandum of Understanding(MOU)
ii) E-Auction Scheme:
The E-Auction scheme of coal has been introduced to provide access to coal for customers who were
not able to source their coal requirement through the available institutional mechanisms under the NCDP
for various reasons, for example, due to a less than full allocation of their normative requirement under
NCDP, seasonality of their coal requirement and limited requirement of coal that does not warrant a
long-term linkage. The quantity of coal to be offered under E-Auction is reviewed from time to time by the
Ministry of Coal, Government of India.
iii) Shakti: A coal linkage policy named SHAKTI or the ‘Scheme to Harness and Allocate Koyla (Coal)
Transparently in India’ was introduced with an objective to auction long-term coal linkages to power
companies.
This policy award fuel supply agreements to coal plants already holding letters of assurance (LoAs). It is
issued to new consumers on being approved by the appropriate authority, based on recommendation of a
committee constituted. Specific terms & conditions of the LOA are to be complied with within a stipulated
time period for being eligible to enter into FSA for commencing coal supply.
Thermal plants holding LoAs will be eligible to sign fuel supply pacts under the new policy after ensuring
that all the conditions are met.
Coal linkages would be awarded to state-owned power distribution companies (DISCOMS). These, in
turn, would assign linkages to:
● State or Central power generation companies via allocation, and
● Private units through auction.
Transfer of Title of Goods: Once delivery of Coal have been effected at the Delivery Point by SCCL, the
property / title and risk of coal so delivered stand transferred to the purchaser in terms of this Agreement.
Thereafter SCCL in no way be responsible or liable for the security or safeguard of the Coal so transferred.
SCCL have no liability, including towards increased freight or transportation costs, as regards missing/
diversion of wagons / rakes or road transport en-route, for whatever causes, by Railways, or road
transporter or any other agency.
(B) Power
Power generated at Thermal Power Plant of the Company (STPP) is supplied to the TSDISCOMS, Telangana
state power distribution companies. A separate power purchase agreement (PPA) is entered by the company
with Electricity Distribution Company for 25 years valid up to 01.12.2041. The terms and conditions of PPA are
as per prevailing Telangana State Electricity Regulatory Commission (TSERC) regulations.
2. Performance Obligation (Transportation, Infrastructure and Logistics)
(A) Coal
a. Following the extraction of coal from a mine/working face, coal is transported to dispatch points through
tipping trucks and conveyor belts. Coal is delivered to the customers from the dispatch points through rail,
road, rope-way or dedicated rail MGR system.
b. All consignments dispatched are weighed either at company owned weighbridges available at SCCL
dispatch points or to the nearest weighbridges owned by the Railways. Sales are either “free on rail”
or “free on road” from the designated dispatch points. Customers may choose the mode of transport
between rail and road. If the dispatch point from the mines is within 20 kilometres, the customers bear
such transportation cost at specified rates as notified by the company from time to time. In circumstances
where the distance from the dispatch point is more than 20 kilometres from the mines, the customer bears
the actual cost of transportation.
c. The quality of coal delivered / to be delivered conforms to the specifications. The company makes
adequate arrangements to assess the quality and monitor the same to ensure that un-graded Coal (GCV
of less than 2200 Kcal/Kg for non-coking coal) is not loaded into the purchaser’s containers.
d. The company delivers sized coal with size conforming to specifications. SCCL makes reasonable efforts
to remove stones from coal.
e. The Company uses magnetic separators and metal detectors, at its coal handling / loading system at the
delivery point, where the same are already installed.
(B) Power
a. As per PPA, SCCL (STPP) is required to operate the plant as a base load station as per manufacturers
guidelines, applicable grid operating conditions, directions of the TSERC and relevant statutory provisions
as applicable from time to time.
b. SCCL is required to sell the capacity to the TSDISCOMs as per PPA shall, in each settlement period, be
as 85% of the declared capacity(DC) of the plant as determined by TSERC Tariff Regulations issued from
time to time.
c. SCCL is required to follow the SLDC’s directives, to back down, increase or resume generation, decrease
generation at time on a day, provided that such directives are consistent with the technical limits of facility,
Prudent utility practices.

3. Transaction Price
(A) Pricing of coal
a. The pricing of Non-Coking Coal is presently based on its Gross Calorific Value w.e.f. 01.01.2012 and that
of Coking Coal & Washery Grade Coal is set on the basis of ash level content. Pricing of coal for Semi
Coking Coal is set on the basis of ash & moisture content level. The coal price is revised considering the
escalation in input cost, inflation and landed cost of imported coal. The final customer price includes basic
price and other charges (Cess, Royalties, GST and others). Around 90% of Coal is sold under the long-
term fuel supply agreements (FSAs) executed between company and the linked customers. In addition,
coal is also sold under E-auction scheme.
b. The Purchaser pays the Base Price of Coal in accordance with the provisions of the Agreement. The
Base Price of Coal is declared by Company from time to time.
c. The “As Delivered Price of Coal” for the Coal supplies pursuant to the Agreement is the sum of Base
Price, Other Charges and Statutory Charges, as applicable at the time of delivery of Coal.
d. Base price/Standalone price means, in relation to a Declared Grade of Coal produced by SCCL, the
Pithead price notified from time to time by the company, as the case may be.
e. Variable Consideration:
i. Annual Contracted Quantity (ACQ): At the inception of the every year the Annual Contracted
Quantity of Coal is agreed which is to be supplied by SCCL and undertaken to be purchased
by the Purchaser from SCCL’s mines and/ or from international sources. For part of Year, the
ACQ is prorated accordingly. If for a Year, the Level of Delivery by SCCL, or the Level of Lifting
by the Purchaser falls below ACQ with respect to that Year, the defaulting Party is liable to pay
compensation to the other Party for such shortfall in Level of Delivery or Level of Lifting, as the case
may be (Failed Quantity). MOUs are signed for one year and above ACQ quantity.
ii. Performance Incentive: If SCCL delivers Coal to the purchaser in excess of the determined percent
of the ACQ in a particular Year, the purchaser pays SCCL an incentive (Performance Incentive/ PI).
iii. Adjustment for Grade Variance (Coal Quality Variance): SCCL gives regular credit/debit notes
on account of Grade variance to the extent of difference in the Base Price of Declared Grade and
analyzed Grade of Coal.
iv. Other Charges:
Surface Transportation charges: Where Coal is transported by SCCL beyond the distance of
three (3) KMs from pithead to the delivery point, the purchaser pays surface transportation charges,
as notified by SCCL from time to time.
Sizing/Crushing charges: Where Coal is crushed by mechanical means for limiting the top-size
to 100mm, or any other lower size, the Purchaser pays sizing/crushing charges, as applicable and
notified by SCCL from time to time.
Rapid Loading Charges: Where Coal is loaded through rapid loading system, the Purchaser pays
rapid loading charges notified by SCCL from time to time.
Evacuation charges: Recovery of evacuation charges is also done at the specified rate. In all
cases, the entire freight charges, irrespective of the mode of transportation of the Coal supplied, is
borne by the Purchaser.
Additional charges: The Company collects additional charges like additional transport/ rehandling
cost, additional charges for coal loaded at specified sidings, Land adjustment, Engine Shunting
charges, Fuel Supply Surcharge, Forest Permit Fee and other elements at the rates notified from
time to time.
In all cases, the entire freight charges, irrespective of the mode of transportation of the Coal
supplied, is borne by the Purchaser.
f. Statutory Charges: The statutory charges comprises royalties, cesses, GST, levies etc. if
any, payable under relevant statute but not included in the Base Price and/or other charges, is
payable by the purchaser. These levies/charges become effective from the date as notified by the
Government/ statutory authority.
(B) Pricing of Power
a. The tariff for electricity supplied would be as determined under the tariff regulations of TSERC and
tariff order thereof from time to time. Tariff for sale of electricity would be based on prevailing TSERC
regulations from time to time.
b. Capacity charges are to be approved by the TSERC for each tariff year, to be claimed by SCCL.
c. Variable charges like Coal, Secondary fuel oil are calculated as per agreed formula under PPA and are
shown separately in monthly thermal energy bills. Incentives shall be calculated as per target plant load
factor as specified in Tariff order for 2x600MW Power Plant as a whole.
4. PAYMENT
(A) Coal
i. Fuel Supply Agreement - Credit Sales
a. N T P C - Payment is to be received from the Purchaser within three days from the date of submission
of bills. Bills will be raised on daily basis.
b. TSGENCO / APGENCO - Bills will be raised in the first lot from 1st to 7th of the month, second lot
from 8th to 20th and third lot from 21st to the 30th/31st of the month. The Purchaser has to release
the payment within five days from the date of submission of bills (excluding day of submission).
c. KPCL / MSEB - Bills will be raised in first lot from 1st to 10th, second lot 11th to 20th and third lot
from 21st to 30th/31st of the month. Payment has to be received within three days from the date of
submission of bills (excluding day of submission).
d. In addition to the above, SCCL will go for MOUs for the above FSA customers, bridge linkage and
non-bridge linkage power customers for supply of coal on best efforts basis.
ii. E-Linkage - Auction of Linkage (AOL).
The customers without FSA and MOC Linkage are to be participated in the bidding in the open auction.
All the Power and Non-Power customers excluding the above and whose requirement of coal is more
than 10,000 Tons per annum are mandatorily get allotment of coal through auction of linkage (E-Linkage).
MOC has given an option to the customers to participate in AOL bidding or not, if their annual requirement
is 4200 to 10,000 Tons Per Annum. AOL contractors are in the nature of Long Term Contracts of five
years are considered AS FSA customers. Payment is 100% advance against each sale order. The
bidding quantity in the first year which is called as Annual Contracted Quantity (ACQ) will be considered
for the next five years.
iii. E-Auction - These are short term contracts for a period of three months. MOC has fixed maximum
E-Auction quantity is 10% of the total despatch quantity. All the customers’ viz., Power, Non-Power and
FSA, Non-FSA and Open Order customers can participate in the bidding. Payment is 100% advance.

iv. Rail Customers - Long term purchasers and good credit track record are extended credit of one rake
for three bank working days subject to submission of one rake advance amount in the form of Cash
Guarantee or Bank Guarantee. If the customer fails to repay the amount within three days, interest will
be charged equivalent to SBI CC Rate applicable to SCCL.
The Purchaser makes advance payment for a month in three (3) instalments for availing Coal supplies
from SCCL – first (1st) instalment on the first (1st) day of the month, second (2nd) instalment on the eleventh
(11th) day of the month and the third (3rd) instalment on the twenty first (21st) day of the month. Each of
these payment instalments cover the As Delivered Price of Coal for the Coal quantities that is one-ninth
(1/9th) of the QQ concerned.
Further, each of these instalments takes into account the average of Base Prices of Grades. However,
the third (3rd) instalment also include the adjustment amount with regard to the actual quantity of Coal
delivered and the quality of Coal vis-à-vis the advance payment made for the previous month. For the
avoidance of any doubt, such adjustment amount also includes the adjustment of quantity and quality.
v) Advances received from the customers are reported as customer’s deposits (contract liabilities) unless
the conditions for revenue recognition are met.
vi) Advance payment made by the Purchaser is non-interest bearing, and it changes in accordance with
change in the As Delivered Price of Coal. No significant finance component is included therein.
vii) Bills of Miscellaneous Claims:
● Compensation for short supply/lifting, is payable by the defaulting Party to the other Party within a
period of ninety (90) days from the date of receipt of claim failing which it will attract interest.
● After expiry of the Year, SCCL submits an invoice to the Purchaser with respect to the Performance
Incentive and the Purchaser pays the amount so due within thirty (30) days of the receipt of the
invoice failing which it attract interest.
viii) Annual Reconciliation / Adjustments: SCCL and the Purchaser jointly reconcile all payments made for the
monthly Coal supplies during the Year by end of April of the following Year. The Parties, forthwith, give
credit/debit for the amount falling due, if any, as assessed during such joint reconciliation. The annual
reconciliation statement is be jointly signed by the authorized representative of SCCL and the Purchaser
which is final and binding on both, SCCL and the purchaser.
(B) Power
a. The monthly bill raised under PPA/Tariff order includes charges for supply of electricity, taxes, duties and
cess. Monthly bills are based on meter reading taken that has been mutually agreed by the both of the
parties.
b. Due date for payment for monthly bills presented is 60 days from the date of raising of Bill.
c. Rebate can be granted by SCCL which can be maximum to 2 percentage. If payments are made within a
week, maximum rebate granted to 1.25 percentage.
d. Additional bills on account of TSERC Regulations/ TSERC orders/ appellate tribunal of electricity/ other
court/ other competent authority to be billed through supplementary invoice unless included in monthly
invoice.
e. Payment is to be by TSDISCOMS by irrevocable letter of credit. Appropriation of payment made is to be
governed in mutually agreed manner as per PPA.
f. In case of any dispute, 95% of the disputed amount along with objection is to be filed within 30 days.
5.2: Ind AS 116 : Leases

5.2.1 In pursuance of the provisions of Ind AS 116 – Leases effective from 01.04.2019, the Company had recognised
the Lease Liabilities and Right of Use Assets, in respect of the Leases contained in the Service/Hiring Contracts
in operation where the contracts convey the right to control the use of the identified Assets to the Company as
a Lessee.
5.2.2 The amounts payable in respect of Low Value leases up to Rs.2.00 lakhs/PM per Asset and the Short term
leases of 12 months or less are fully charged to expense.
5.2.3 During the year, further Lease liabilities Rs.15.21 Crore and Right of Use Assets at the corresponding amount
are recognised in respect of the new Leases commenced during the Year 2022-23 (Previous Year 12.10
Crore). Further, Lease Liability and ROU Assets for an amount of Rs.0.13 Crore have been recognized due
to remeasurement of Lease Liability consequent to Lease Modifications. (Previous Year of Rs.3.96 Crore).
5.2.4 During the year, Finance cost of Rs.1.50 Crore (being the unwinding cost of interest of Rs.0.82 Crore at
respective rates on the Previous Year Leases after remeasurements and Rs.0.68 Crore @ 7.44% on the new
leases recognised during the year) and depreciation on Right of Use Assets for an amount of Rs.16.09 Crore
(on straight line basis over the lease period of comprising of Rs.10.64 Crore on the Previous Year Right of Use
Assets after remeasurements and Rs.5.45 Crore on the Fresh Right of use Assets recognised during the year)
is charged off to Statement of Profit and Loss for the year 2022-23 after depreciation retirements of Rs.28.99
(Previous year - Unwinding cost of Rs.1.40 Crore-Restated and Depreciation of Rs.14.90 Crore).
5.2.5 The identified value of lease payments of Rs.17.74 Crore after remeasurements (Previous year Rs.16.19
Crore) have been reduced from respective lease liabilities and the Hiring cost of the Assets. The overall
impact of the implementation of the Ind AS 116- Leases for FY 2022-23 is Rs.0.14 Crore only (Previous year
Rs.0.30 Crore-Restated ) (net decrease in expenditure).
5.2.6 The carrying amounts of Lease Liability and the Right of Use Assets as on 31.03.2023 are Rs.15.86 Crore
(Previous year Rs.16.75 Crore-Restated) and Rs.15.23 Crore (Previous Year Rs.15.98 Crore) respectively
after remeasurement.
5.2.7 Movement in Lease liabilities is given below:
(Rs. in Crore)
Balance at the beginning of the year 16.75 16.41
Additions during the year 15.34 16.06
Finance Costs accrued during the year 1.51 1.40
Deletions - (0.93)
Payment of lease liabilities (17.74) (16.19)
Balance at the end of the year 15.86 16.75
5.2.8 Contractual maturities of lease liabilities on undiscounted basis:

(Rs. in Crore)
One to three years 4.97 5.92
More than three years - -

5.2A: Government Grants:

CCDAC GRANTS:
5.2A.1 During the current year, Revenue of Rs.7.69 Crore is recognised as Revenue Grants against the Protective
works as per the approval accorded by CCDAC (Previous year Rs.1.82 Crore). Further, as CCDAC is not
considering the claims submitted by the company for sand stowing subsidy post implementation of GST, no
Revenue is recognised on the same during the current year also( Previous Year “NIL”).
5.2A.2 During the year Capital grants of Rs.151.47 Crore were approved by CCDAC and accordingly recognized as
receivable during the current year and adjusted against the carrying amount of related assets (Previous Year
NIL) (Refer Note No.27.3)
5.2A.3 During the year an amount of Rs.0.67 Crore (Previous Year Rs.3.16 Crore) and Rs.45.04 Crore (Previous
Year Rs.58.80 Crore) have been received against the Revenue and Capital Grants respectively approved by
CCDAC in the earlier years.
SOLAR GRANTS - VIABILITY GAP FUNDING (VGF)
5.2A.4 During the year, no further proceeds of Viability Gap Funding (VGF) are received from Solar Energy
Corporation of India (Previous Year Rs.27.37 Crore). (Refer Note No.4.2 and 24.2).
5.2A.5 Further, the second and final instalment of VGF Grant of Rs.27.00 Crore against the Solar Power Plants
(Phase-II) received on 12.06.2023 have been recognized as receivable on Reporting Date and reduced from
the corresponding value of the related Assets (Refer Note No:8.5)
Dragline Machine in operation at RG OC-3
5.3: PROVISIONS
The position and movement of various provisions as on 31.03.2023 are given below: (Rs. in Crore)
Opening Addition Write back/ Closing
Unwind-
Balance during the Adj./ payments Balance
Provisions ing of
as on year during the year as on
discounts
01.04.2022 31.03.2023
Note 3: Property, Plant and Equipments:
Impairment of Assets 709.10 68.98 (157.77) - 620.31
Note 4: Capital Work in Progress
Impairment of Assets 118.06 0.18 (60.38) 57.86
Note-6: Investments
Provision for Diminution of Investments 0.02 - - - 0.02
Note-8: Other Financial Assets
Prov Bad and doubtful debtors 13.40 2.05 - - 15.45
Note 11: Inventories:
Provision for Obsolete and Non Moving Stores 73.28 17.15 - - 90.43
Provision for Damages & Shortages 0.21 - - - 0.21
Provision for Coal Stock/ Deterioration 4.61 - (3.54) - 1.07
Note 12: Trade Receivables
Prov. for Shale & Stone / Grade Variance 11.52 361.54 - - 373.06
Provision for Grade Variance-Disputed Samples 76.76 17.19 - - 93.95
Prov. for Expected Credit Loss - Coal 56.39 40.44 (1.20) - 95.63
Prov. for Expected Credit Loss - Power 161.50 - - - 161.50
Prov. for Expected Credit Loss - Services - 0.39 - - 0.39
Prov. for Expected Credit Loss - Solar - 0.64 - - 0.64
Note 15: Current Tax Asset
Provision for Taxation 1,465.68 397.27 (529.12) - 1,333.83
Note-16: Other Current Assets
Prov for Bad & doubtful advances 14.69 4.09 18.78
Note 22: Non-Current & Current Provision:
Gratuity 3,311.03 165.90 (743.14) 190.40 2,924.19
Leave encashment - Vesting 672.02 110.17 (24.12) 48.55 806.62
Leave Entitlement – Non vesting 171.43 20.13 - - 191.56
MMC & LPE 141.06 - 56.17 - 197.23
Settling Allowance 69.80 35.01 - - 104.81
Leave Travel Concession 66.31 16.95 - - 83.26
CPRMS – (E) 227.48 14.08 (4.21) 16.58 253.93
CPRMS – (NE) 602.58 30.85 (10.91) 43.45 665.97
Superannuation Benefit 396.01 - (11.22) - 384.79
Performance related pay – Exe 201.24 117.39 (79.81) - 238.82
Performance Linked Reward Scheme(PLR) (Exgratia) 297.53 315.32 (297.53) - 315.32
Corporate Special Incentive 355.84 671.19 (360.29) - 666.74
Pay Revision Arrears (NCWA-XI) 434.42 1,131.89 - - 1,566.31
OBR (Net of Advance Action) 4,383.57 2,653.23 22.78 - 7,059.58
Backfilling 10,314.03 3,014.14 (1858.21) 764.84 12,234.80
Water Body 4,579.32 565.05 (7.91) 410.92 5,547.38
Mine Closure Plan 1,306.71 - (73.67) 102.54 1,335.59
Remedial Action Plan 87.81 9.65 (17.10) - 80.36
Provision for Environment Compensation (NGT) 41.21 0.13 - - 41.34
CER & PH Commitments - 15.95 - - 15.95

5.4: EARNINGS PER SHARE’

For Profit after Tax (excluding Other Comprehensive Income):
Sl. For the year ended For the year ended

Particulars
No. 31.03.2023 31.03.2022
i) Net profit after tax attributable to Equity Share Holders 2,596.40 1,229.52
(in Rs.Crore)
ii) No. Of Equity Shares Outstanding(In Number) 17,33,198,119 17,33,198,119
iii) Basic Earnings per Share (in Rs.) (Face value Rs.10/- 14.98 7.09
per share)
5.5: RELATED PARTY DISCLOSURES

1. Details of Related Parties:
a) Entities exercising significant influence on the Company – NIL
b) Entities in which the Company has control :
i) Subsidiary Company:
Andhra Pradesh Heavy Machinery & Engineering Limited, Vijayawada
ii) Joint Venture:
The Company has formed a Joint Venture M/s. APMDC-SCCL Suliyari Coal Company Ltd with M/s
APMDC for exploration of coal in Suliyari Coal Block which is under voluntary Winding up.
c) Post Employment Benefit Funds:
i) Employees Group Gratuity Trust - 2003
ii) Executive Defined Contribution Pension Scheme -2007
iii) Contributory Post Retirement Medicare Scheme for Executive Trust
iv) Contributory Post Retirement Medicare Scheme for Non-Executives Trust
d) Other Related Parties:
i) Singareni Collieries Educational Society (SCES), Kothagudem
ii) Singareni Seva Samithi (SSS), Kothagudem
e) Key Management Personnel (KMP) of the Company :
S.No. Name Position Period

1 Sri N. Sridhar Chairman & Managing Director Full period
2 Sri S. Chandrasekhar Director (Operations) Upto 31.01.2023
Director (PA&W) (FAC) From 20.08.2022 to
31.01.2023
3 Sri. N. Balram Director (Finance) Full period
Director(Planning & Projects)(FAC) Upto 31.01.2023
Director (P.A&W) (FAC) Upto 19.08.2022 & From
01.02.2023
4 Sri.D. Satyanarayana Rao Director (Electrical & Mechanical) Full period
5 Sri NVK Srinivas Director (Operations) From 01.02.2023

6 Sri G.Venkateswara Reddy Director (Planning & Projects) From 01.02.2023
7 Sri Manoj Kumar Nominee Director Full Period
8 Sri PSL Swami Nominee Director Upto 24.10.2022
9 Sri D.K.Solanki Nominee Director Full Period
10 Sri K. Ramakrishna Rao Nominee Director Full Period
11 Sri Sunil Sharma Nominee Director Full Period
12 Smt. Santhosh Nominee Director From 22.02.2023
13 Smt.K. Sunitha Devi Company Secretary Full Period
2. Transactions with related parties during the year:

a) Remuneration of Key Management Personnel (KMP): (Rs. in Crore)
S.No. Name of the KMP FY 2022-23 FY 2021-22

1 Sri N. Sridhar 0.57 0.49
2 Sri S. Chandrasekhar 0.80 0.73
3 Sri N Balram 0.22 0.21
4 Sri D.Satyanarayana Rao 0.78 0.66
5 Sri G.Venkateswar Reddy 0.11 -
6 Sri NVK Srinivas 0.11 -
7 Smt. K. Sunitha Devi 0.43 0.37
b) Sitting Fees paid to Key Management Personnel (KMP) (Rs. in Crore)
S.No. Payment to Independent Directors FY 2022-23 FY 2021-22

1 Sitting Fees - -
c) Sitting Fees paid to Key Management Personnel (KMP) (Rs. in Crore)
S.No. Particulars FY 2022-23 FY 2021-22

1 Purchase of Materials/Services 27.05 17.61
2 Services provided 1.80 1.70
The APHMEL has been in schedule-IX Companies under the A.P. Reorganisation Act, 2014. As approved by
the shareholders of APHMEL in the extraordinary general meeting held on 01.04.2017 and reconfirmed by
the Board in the meeting held on 04.09.2017, MD, APHMEL vide Lr.No.APHMEL/MD/SR/2018 dt.31.1.2018
submitted demerger proposal to the Expert Committee seeking for “apportionment of 0.86% of equity of
APHMEL amounting to Rs.14,90,100/- held by erstwhile Govt. of AP between the successor States of AP
and Telangana in the ratio of 58.32 : 41.68 as mentioned in the Act i.e., allocation of 86,903 equity shares
to the present Govt., of AP and 62,107 equity shares to the Govt. of Telangana being the only issue to be
resolved under the AP Reorganisation Act, 2014 with respect to APHMEL.”
Contrary to the demerger proposal submitted by MD, APHMEL, the Expert Committee vide DO Lr.No.5614/
Expert Committee/2014 dt.15.03.2018 of Chairman of the Committee, has given its recommendation to the
effect that APHMEL shall pass to the residual state of Andhra Pradesh in its entirety in terms of Section 53(1)
of the A.P. Reorganisation Act, 2014 since its all the assets & liabilities are located in that State.

The Company (SCCL) has furnished its objections to the Expert Committee recommendation on APHMEL
vide Lr.No.CRP/CS/437/374 dt.28.03.2018 to the Spl.Chief Secretary, Energy Dept., GoT. Vide DO
Lr.No.1583/Budget A 2/2017 dt.21.05.2018, Chief Secretary to the GoT has requested Secretary, Ministry
of Home Affairs, GoI to set aside the recommendation of the Expert Committee on APHMEL and issue
directions under Section 71(a) of the Act regarding the division of the interests in the shares of the then
Andhra Pradesh in APHMEL and protect the interests of Telangana and Central Govt. as the SCCL is a joint
Company of Telangana and Central Govt. Communication is yet to be received from the Ministry of Home
Affairs, GoI on the subject.
d) Transactions with Joint Venture - M/s. APMDC-SCCL Suliyari Coal Company Ltd:
During the year there are no operations. The Joint Venture was formed for exploration of coal in Suliyari
Coal Block. Hon’ble Supreme Court vide its judgement dated 25.08.2014 has cancelled this Coal Blocks
allocation. In the SCCL’s Board meeting held on 04.03.2017, it was accorded approval for voluntary winding
up of the JV Company and seeking repayment of Rs.9.80 Crore from JV Company which was contributed
by the company.
The winding up proceedings of the JV Company are yet to commence. The Company has made provision
towards diminution in the value of investments for Rs.49,000/- (Share Capital) and doubtful advances for
Rs.9.80 Crore ( Share application money kept in Advances account).
Details of Interest of the Company in Joint Venture as per IND AS-111:
(i) Name of the Joint Venture entity: APMDC – SCCL Suliyari Coal Company Ltd.
(ii) Country of Incorporation : India
(iii) Principal Activities : Coal & Lignite mining; generating power through Wind, Tidal and Solar sources
and Setting up integrated power plants
(iv) Ownership interest: 49%
(v) Original cost of Investment: Rs.49,000/- & Rs.9,79,51,000/- paid towards Share application.
(vi) Aggregate amounts related to interest in Joint Venture entity: The Company’s interest in the
aforementioned entity’s assets, liabilities, income and expenditure are not disclosed as the entities
financials are not finalised yet.
3. Balances receivable from / payable to related parties:

a) Subsidiary – M/s APHMEL, Vijayawada (Rs. in Crore)
For the year ended For the year ended

S.No. Particulars
31.03.2023 31.03.2022
1 Trade Receivables 0.25 0.25
2 Trade Payables 4.65 2.05
3 Payable towards Capital Goods 6.46 4.41
4 Security Deposits of Subsidiary 0.01 1.64
5 Investments in Subsidiary 9.18 9.18
b) Other Payables (Employee Related - KMP) (Rs. in Crore)

2 Sri S. Chandrasekhar - 0.01
4. Transactions and Balances with Employee Benefit Trusts/other parties:

a) Employees Group Gratuity Trust: (Rs. in Crore)
Transaction/Balances FY 2022-23 FY 2021-22

Contributions made during the year 1,096.63 332.00
Claims settled by the Trust during the year 687.05 437.89
Closing fund balance with Trust * 1,115.13 664.73
Unfunded liability towards gratuity provided by the Company 2,922.40 3,309.21
* For 2021-22, including an amount of Rs.17.99 Crore pertaining to the employees who have been reinducted and have not
refunded the Gratuity received by them as a part of terminal benefits.
b) Other Employee Benefit Trusts: (Rs. in Crore)
Contributions during
Balance outstanding as
the year/ Claims settled
Particulars on Reporting Date
on behalf of Trusts
2022-23 2021-22 31.03.2023 31.03.2022
Executive Defined Contribution Pension Scheme -2007 37.81 5.51 378.77 396.01
Contributory Post Retirement Medicare Scheme for 11.04 10.78 253.93 227.48*
Executive Trust(CPRMS-E)
Contributory Post Retirement Medicare Scheme for 62.48 41.27 665.97 602.58 #
Non-Executives Trust(CPRMS-NE)
* This includes liability recognized based on Actuarial Valuations.
# This includes the amounts contributed by the Employees and also the liability recognized based on Actuarial Valuations (Restated).
c) Transactions and Balances with other parties are as follows: (Rs. in Crore)
Balance Revenue Grants Closing

Funds released
Name payable as on Sanctioned Balance as on
during the year
01.04.2022 during the year 31.03.2023
Singareni Collieries Educational 18.32 30.56 31.51 17.37
Society, Kothagudem
Singareni Seva Samithi, - 0.78 0.78 -
Hyderabad

5.6: SEGMENT REPORTING

The Company has presented segment information in the Consolidated Financial Statements which are presented in
the same Financial Report. Accordingly, in terms of Paragraph 4 of Ind AS 108 ‘Operating Segments’, no disclosures
related to Segments are presented in this Standalone Financial Statements.
5.7: TAXATION
(i) Accounting for Taxes on Income under Ind AS-12: Calculation of Deferred Tax and Movement for
the year 2022-23
(Rs. in Crore)
Recognised in
As at As at
DEFERRED TAX ASSETS/ LIABILITY Statement of
31.03.2023 31.03.2022
Profit and Loss
A Deferred Tax Liabilities
Depreciation 996.69 (14.30) 1010.99
Total 996.69 1010.99
B Deferred Tax Assets
Back filling, Waterbody & Mine Closure Provision 275.97 (479.85) 755.82
Gratuity 627.15 (147.73) 774.88
Other Employment Benefits 683.79 97.54 586.25
Overburden Removal 349.38 (38.70) 388.08
Other Provisions 435.09 99.80 335.29
Total 2,371.38 (468.94) 2840.32
Deferred Tax Assets (net) (B-A) 1,374.69 (468.94) 1829.33
ii) Relationship between Tax Expense and Accounting Profit:

Numerical Reconciliation of difference: (Rs. in Crore)
Sl. For the Year ended

Nature of Adjustments
No. 31.03.2023
1 Net profit as per Statement of Profit and Loss (before tax) 3,574.07
2 Add/Less: Differences as per Income Tax Act (1994.13)
3 Taxable Profit for the purpose of Income Tax 1579.94
4 Applicable tax rate @25.168%u/s 115BAA 25.168%
5 IT on Taxable profit as per Income Tax Act, 1961 (3*4) 397.64
6 Taxes as per P&L A/c
a) Current year tax 397.27
b) Deferred Tax in P&L 454.63
c) Deferred Tax in OCI 125.77
d) Tax related to earlier years -
7 Net tax liability as per P&L A/c (6a+6b+6c+6d) 977.67
8 Other Comprehensive Income (Net of Deferred Tax) (373.94)
9 Profit after Tax (Total comprehensive income for the period) (1-7+8) 2,222.46
iii) Status of Income Tax Assessments:

Income Tax Assessments were completed up to AY 2016-17. For the AY 2017-18, the Income Tax
assessment is pending with Assessing Authorities due to pendency of Advance Ruling application filed
before the Board for Advance Ruling (BAR), Mumbai, on the issue of allowability of provisions made
for Back filling, Overburden Removal and Mine Closure obligations in the tax computation. For the AY
2018-19, the Income Tax assessment was completed except for the issues of allowability of provisions of
Backfilling, Mine closure and OBR due to pendency of Advance Ruling application filed before the Board
for Advance Ruling (BAR). Further, for the AY 2019-20 and AY 2021-22, the Income Tax assessments are
not selected for Assessment and the Income Tax assessment for the AY 2022-23 is in progress.
iv) Unsettled Tax propositions :
The expenditure reimbursed to Educational society was disallowed in the latest assessments by the Tax
Authorities, without change in law or the nature of claim. The company has contested the disallowance
before the Appellate Authorities and is expecting a favourable decision. The tax liability for the current year
is arrived duly considering the Educational Society expenditure as an allowable expenditure.
The Company had claimed deduction of Investment Allowance under section 32AC of the Income Tax Act,
1961, for the AY 2015-16 and AY 2016-17, on investment made in the new plant and machinery installed
in the new Power Plant situated at Jaipur (V), Telangana, being 15 percent of investment made in new
plant and machinery. This deduction claimed was disallowed on the ground that electricity/power is not an
article or product and also contending that dates of acquisition, installation certificates, bills have not been
furnished. The company has contested the disallowance before the Appellate Authorities and is expecting
a favourable decision.
5.8: INSURANCE AND ESCALATION CLAIMS :

Insurance and escalation claims are accounted for on the basis of admission/final settlement.
5.9: PROVISIONS MADE IN THE ACCOUNTS:

Provisions made in the Books of Accounts, against slow moving/non-moving/obsolete stores, Expected Credit Loss
on Advances and Doubtful Debts, impairment of Site Restoration Costs, Impairment of Other Mining Infrastructure
(Development Expenditure), Buildings (Factory), Buildings (Others), Roads, CWIP of OMI (Development Expenditure)
of UG Mines incurring losses etc., and Impairment of Development Expenditure at surrendered Coal Blocks are
considered adequate to cover possible losses.
5.10: CURRENT ASSETS, LOANS AND ADVANCES ETC:

In the opinion of the Management, Assets other than Property, Plant and Equipment and Non-Current Investments
have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated.
5.11: CURRENT LIABILITIES:

Estimated liability has been provided for where the actual liability could not be measured.

5.12: RATIO ANALYSIS:

a) Ratios: (Rs. in Crore)
As at As at
Sl. % of
Ratios Numerator Denominator March 31, March 31,
No. Variance
2023 2022
1 Current Ratio Current Assets Current Liabilities 2.17 1.79 21.23%
2 Debt-Equity ratio Borrowings(NC) + Equity 0.24 0.42 -42.86%
Borrowings (C) + Lease
Liabilities (NC)+ Lease
Liabilities (C)
3 Long Term Debt-Equity Borrowings(NC) + Lease Equity 0.24 0.38 -36.84%
ratio Liabilities (NC)+ Current
Maturity of Long Term Debt
4 Debt Service Coverage Net Profit After Taxes (net of Interest + Lease 9.61 4.35 120.92%
Ratio OCI) +Depreciation+Finance payments
cost+ Provisions+ write offs + Principal
Repayments
5 Return on equity Net Profit after Taxes Average 20.50 12.95 58.30%
ratio (%) Shareholder
Funds
6 Inventory turnover ratio Net Sales Average Inventory 17.74 20.41 -13.08%
7 Debtors Turnover ratio Net Credit Sales Average Trade 1.75 1.71 2.34%
Receivable
8 Trade Payables Net Credit Purchase + Average Trade 9.15 8.45 8.28%
turnover ratio Services Payables
9 Net capital turnover Net Sales Working capital 2.21 2.38 -7.14%
Ratio
10 Net Profit Ratio(%) Net Profit Net Sales 8.49 5.82 45.88%
11 Return on Capital Earnings before Interest and Capital Employed 38.53 22.28 72.94%
Employed (%) Taxes
12.1 Return on Investment in Dividend Average - - -
Unlisted Subsidiary Investment
Co-operative Societies Investment
Joint Ventures Investment
12.4 Return on Investment Interest Income from Bonds Average 9.29% 9.29% -
in Fixed Income Investment in
Investments (Bonds) Bonds
12.5 Return on Investment in Dividend+Capital Gain+ Average 5.83% 3.17% 83.91%
Mutual Funds Fairvalue changes Investment in
Mutual Funds
b) Reasons for significant variance in the above Ratios: (Rs. in Crore)

Sl.No Particulars Reason for variance
1 Current Ratio Primarily due to increase in Current Assets in the current year.
2 Debt-Equity ratio Primarily due to increase in Equity arising on account of increase
in earnings
3 Debt Service Coverage Ratio Primarily due to increase in Net Profit in the Current Year
4 Return on equity Primarily due to increase in Net Profit in the Current Year
ratio (%)
5 Inventory turnover ratio Due to increase in average inventory due to increase in the value
of finished goods in the Current Year
6 Net Profit Ratio Primarily due to increase in Profit After Tax during current year
owing to increase in Revenue from Operations.
7 Return on Capital Employed Primarily due to increase in the Earnings during the current year
owing to increase in Revenue from Operations.
8 Return on Mutual Funds Primarily due to increase in Mutual Funds gains.
5.13: OTHER REGULATORY DISCLOSURES (AS NOTIFIED BY MCA)

i) The Company has not been declared willful defaulter by any Bank or Financial Institution or Government or
any Government Authority or other lender in accordance with the guidelines on wilful defaulters issued by the
Reserve Bank of India.
ii) The Company had filed quarterly returns / statements of Current Assets with Banks during the year. However,
slight variances are noticed in the same when compared with financial records. Hence, revised quarterly
returns / statements have been filed with the Banks on 01.07.2023 and the revised returns / statements are in
agreement with the Books of Account.
iii) The Company does not own any Benami Property neither any proceedings or initiated nor pending against the
Company under the Prohibition of Benami Property Transactions Act, 1988.
iv) Relationship with Struck off Companies:
The Company has no transactions with Companies struck off under section 248 of the Companies Act, 2013 or
section 560 of the Companies Act, 1956 except for the following:
(Rupees)
Nature of Balance Balance Relationship with
Name of struck off company transaction with outstanding outstanding the Struck off
struck off company as at 31.03.2023 as at 31.03.2022 company
FLOCON SYSTEMS (P) LTD. Trade Payables 94,778.00 94,778.00 Supplier of Material

v) Registration of Charges with ROC:

There are no charges satisfaction which are yet to be registered with the Registrar of Companies (ROC)
beyond the statutory period.
The details of charges against the sanctioned borrowings and working capital limits subsisting as on the
Reporting Date are furnished hereunder:
(Rs. in Crore)
S. Date of
SRN Charge Id Charge Name Holder Address Amount
No. Creation
1 AA1300624 100669827 Bank of Baroda MID Corporate Branch, 05-01-2023 487.55
Himayathnagar,
Hyderabad
2 T42346502 100476128 SBI Commercial Branch, 02-09-2021 1,000.00
Koti Hyderabad
3 T33443458 100457010 SBICAP Trustee Co.Ltd 202, Maker Tower, 17-06-2021 982.00
Parade, Mumbai
4 AA1117272 100417447 SBICAP Trustee Co.Ltd 202, Maker Tower, 28-01-2021 3,650.00
Parade, Mumbai
5 T19454081 100384264 SBICAP Trustee Co.Ltd 202, Maker Tower, 05-10-2020 2,974.00
Parade, Mumbai
The following redundant charges against the Loans availed and settled long back are also being reflected in the MCA
Website as the charge satisfaction details are not reflected while digitalizing the data at their end. In this connection,
the ROC, Hyderabad, has been requested for updation of the charge satisfaction details in the MCA portal and the
matter is under persuasion.
(Rs. in Crore)
Charge Name Date of
S,No. SRN Charge Id Address Amount
Holder Creation
1 R35647171 100330179 SBI Commercial Branch, Koti 29-02-2020 50.00
Hyderabad
2 R74029893 100317395 SBI Commercial Branch, Koti 20-12-2019 1,183.80
Hyderabad
3 R13691134 100069677 SBI Commercial Branch, Koti 23-12-2016 817.52
Hyderabad
4 Y10366434 90258348 SBH Industrial Branch, Punjagutta, 20-10-1997 16.65
Hyderabad
5 Y10369534 90261448 Andhra Bank Kothagudem 29-01-1997 2.75
6 B22337190 90258215 SBH Industrial Branch, Punjagutta, 02-09-1996 431.00
Hyderabad
Hyderabad
Hyderabad
9 Y10365096 90257010 Canfin Homes 5-9-100, PG Road, Hyderabad 28-03-1995 10.00
Ltd
Charge Name Date of

S,No. SRN Charge Id Address Amount
Holder Creation
10 Y10366103 90258017 SBH Industrial Branch, 28-11-1994 2.54
Punjagutta, Hyderabad
11 Y10367737 90259651 SBH Richmond Road, Banglore 19-09-1994 2.03
12 Y10369208 90261122 SBI Richmond Road, Banglore 19-07-1994 8.16
13 Y10366041 90257955 Bank of Baroda Richmond Road, Banglore 22-04-1994 8.76
14 Y10367713 90259627 Bank of Baroda Richmond Road, Banglore 24-03-1994 8.76
Hyderabad
16 Y10365983 90257897 SBH Industrial Branch, 14-09-1993 0.82
Punjagutta, Hyderabad
17 Y10365791 90257705 Andhra Bank Kothagudem 05-03-1991 3.00
18 Y10365451 90257365 SBH Hyderabad 29-01-1985 8.30
19 Y10368673 90260587 SBH Gunfounder Office, Hyderabad 18-01-1985 8.30
22 Y10367454 90259368 Canara Bank Bashir Bagh, Hyderabad 19-08-1978 0.25
26 Y10365301 90257215 SBH Hyderabad 12-08-1964 1.50
Note: Charges at Sl no 1,2 and 3 are subsequently satisfied on 03.07.2023.
vi) The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous year.
vii) The Company has not advanced or loaned or invested funds (either borrowed funds or security premium or any
other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the understanding (whether recorded in writing or otherwise) that the Intermediary shall
a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or
on behalf of the Company (Ultimate Beneficiaries) or
b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
viii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding
Party) with the understanding (whether recorded in writing or otherwise) that the group shall:
on behalf of the Funding Party (Ultimate Beneficiaries) or
b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
ix) There is no income surrendered or disclosed as income during the current or previous year in the tax
assessments under the Income Tax Act, 1961, that has not been recorded in the Books of account.
x) The Company has not traded or invested in Crypto Currency or Virtual Currency during the current or previous
year.

5.14: OTHERS:
A) As required by Section 22 of the Micro Small and Medium Enterprises Development Act, 2006 (MSMED) the
following information is disclosed on the basis of information available with the company
(Rs. in Crore)
As on As on
Particulars
31.03.2023 31.03.2022
The principal amount remaining unpaid (But not due) 15.02 24.63
Interest due thereon (interest due and / or payable) - -
Principal amount and interest due thereon remaining period 15.02 24.63
Interest paid in terms of section 16 of MSMED Act Nil Nil
Interest due and payable for the period of delay excluding interest specified Nil Nil
under MSMED Act
Interest accrued and remaining unpaid at the end of year 0.18 0.08
Further interest due and payable in terms of section 23 of MSMED Act,2006 0.18 0.08
Note: For the purpose of above details, the status of the Suppliers under the Act has been determined to the extent of and based
on the information furnished by the respective parties and has accordingly been relied upon by the Company.
B) Consequent to handing over of 9 schools, 2 colleges and 1 Polytechnic to Singareni Collieries Educational
Society, all running expenses of these institutions, after deduction of receivables from these institutions (viz.,
Grant-in-Aid, Fee collections from students, recoveries from the employees towards amenities provided etc.,)
are being met by the Company by way of Educational Grant. Further, infrastructure used by the Society is
continued to be under the ownership of the Company for which no recovery is made from the Society.
C) The Company engages contractors for removal of Overburden. In some of the contracts, the contractors are
eligible for Bonus in respect of the quantity of HSD oil saved by them during the course of the contract, which
is to be set off against future excess consumption as per contractual terms. Further, these Contractors can
claim and en-cash such accrued Bonus at the end of every Financial Year at their option. Considering the
uncertainty, the value of HSD oil saved at SRP OC.I of Rs.4.11 Crore after adjusting the quantity of Diesel
against non-deployment of anciliary equipment as per the recommendations of Vigilance and &Enforcement
Directorate, Telangana State is not provided for in Books of Account as on 31.03.2023 (Previous year Rs.
72.31 Crore).
D) Balance Confirmations:
i) Balance confirmation/reconciliation is carried out for cash & bank balances, certain loans & advances,
long term liabilities and current liabilities. Provision is taken against all doubtful unconfirmed balances.
ii) Joint reconciliation with major sundry debtors is done periodically. Further, in respect of Power Dues
from TSPCC/TSDISCOMs, the Company is in the process of Joint Reconciliation from FY 2019-20 to FY
2022-23.
E) Physical verification of Property, Plant and Equipment:
Physical verification of all Property, Plant and Equipment with original value of Rs.3 Lakh and above will be
covered in block of 3 years. The block of 2021-23 commenced from FY 2021-22.
i) Property, Plant and Equipment with original value > Rs.50 Lakh annually.
ii) Property, Plant and Equipment with original value > Rs.10 Lakh and < Rs.50 Lakh once in three years (2nd
year of Block).
iii) Property, Plant and Equipment with original value > Rs.3 Lakh and < Rs.10 Lakh once in three years (3rd
year of Block).
The Property, Plant and Equipment mentioned at (i) & (ii) were physically verified during FY 2022-23
and deviations are accounted / regularized and in respect of other assets, the same are confirmed as
available based on certification by the respective unit heads.
5.15: CORPORATE SOCIAL RESPONSIBILITY:

a) Details of the Minimum amounts to be sent on CSR activities, the budget sanctioned by the Board for CSR
activities, Amounts spent and unspent are as under :
(Rs. in Crore)
Particulars FY 2022-23 FY 2021-22
2% of the Average Net Profit for the preceding three years 35.82 43.04
Amount Sanctioned by the Board for carrying out CSR Activities 43.05 44.60
Actual Amount spent on CSR Activities during the year 10.44 9.89
Provision made on Unspent amount of CSR (Ongoing works) on 31.03.2022 (FY 34.71
2021-22 Sanctions)
Expenditure incurred against the provision of CSR Sanctions of FY 2021-22 in - 11.21
FY 2022-23
Unspent amount (Ongoing works) as on 31.03.2023 32.61 23.50
Amounts transferred to Separate Bank Account with SBI, Commercial Branch 32.66 34.71
Date of Deposit in a separate Bank Account 29.04.2023 30.04.2022
b) The Details of element wise expenditure incurred on CSR activities in FY 2022-23 is as under :
(Rs. in Crore)
For FY 2022-23 Spillover payments in FY 2022-23
From provisions of From sanctions
CSR Activities undertaken Sanctioned Spent Unspent
FY 2019-20, 2020-21 of FY 2018-19
Amount Amount Amount
& 2021-22 earlier years
Health Care and Sanitation 2.14 0.38 1.76 1.59 0.10
Promotion of Sports 0.58 0.08 0.50 1.15 -
Promoting education and 6.39 2.76 3.63 2.80 -
employment enhancing
vocation skills
Disaster Management 1.62 1.17 0.45 - -
Drinking Water Facility 0.04 0.02 0.02 0.15 -
Rural Development Projects 28.71 3.68 25.03 15.30 2.24
Afforestation & Environment 1.83 1.54 0.29 0.47 -
Sustainability
Protection of National Heritage, 0.32 0.15 0.17 0.60 -
Art and Culture
Empowering women 1.42 0.66 0.76 0.44 -
Total 43.05 10.44 32.61 22.50 2.34

c) Movement in CSR Provision during the year:
Provision movement of CSR Provision movement of CSR

Sanctions FY 2021-22 Sanctions FY 2020-21
Expend- Balance Balance of Balance
CSR Activities undertaken Provision Expenditure
iture in provision Provision provision
made in in Current
Current as on made FY as on
FY 2021-22 Year
Year 31.03.2023 2020-21 31.03.2023
Health Care and Sanitation 2.29 0.62 1.67 0.35 0.14 0.21
Promotion of Sports 0.07 0.07 - 0.35 - 0.35
Promoting education and 2.97 0.44 2.53 2.42 0.87 1.55
employment enhancing
vocation skills
Drinking Water Facility 0.17 0.10 0.07 0.44 0.05 0.39
Rural Development Projects 26.40 9.04 17.36 3.39 2.76 0.63
Protection of National 0.60 0.60 - 0.05 - 0.05
Heritage, Art and Culture
Empowering women and 2.21 0.34 1.87 0.10 0.10 -
Setting up of hostels for
women and children
Total 34.71 11.21 23.50 7.10 3.92 3.18
d) Movement in CSR Provision during the year:

Provision movement of CSR Sanctions FY 2019-20
CSR Activities undertaken Provision made Expenditure in Balance provision as
in FY 2019-20 Current Year on 31.03.2023
Health Care and Sanitation 1.76 0.83 0.93
Promotion of Sports 1.11 1.08 0.03
Promoting education and employment enhancing 1.62 1.49 0.13
vocation skills
Afforestation & Environment Sustainability 3.91 0.47 3.44
Rural Development Projects 9.39 3.50 5.89
Protection of National Heritage, Art and Culture 0.20 - 0.20
Total 17.99 7.37 10.62
5.16: STATEMENT OF OPENING STOCK, PRODUCTION, DESPATCHES AND CLOSING

STOCK OF COAL:
(Rs. in Crore)
For the year ended 31.03.2023 For the year ended 31.03.2022
Particulars Quantity in Value Quantity in Value
‘000 T (Rs. in Crore) ‘000 T (Rs. in Crore)
Opening Balance(Restated) @ 4,838.70 905.85 5,395.95 883.68
Production 67,137.24 - 65,021.96 -
Despatches to Outsiders 61,277.56 21,764.00 60,157.17 16,783.76
Internal Consumption (incl. STPP) 5,401.88 2,709.57 5,413.03 2,174.44
Adjustments for adopted Stock - - - -
Shale/Stone Write off 15.04 - 9.01 -
Closing Balance*** (#) @ 5,281.45 1,548.17 4,838.70 905.85
*** The above Closing Stock includes 15,044.60 Tonnes of shale valued at “NIL” rate (Previous Year 11,339.01 Tonnes)
# Closing stock includes 7,645.84 Tonnes of Coal in transit at STPP as on 31.03.2023 valuing Rs.4.13 Crore. (PY 7,674.24 Tonnes
valuing Rs.3.29 Crore) (Restated).
@ The Opening and Closing values of Stocks are reduced by Rs.4.61 Crore and Rs.1.07 Crore respectively towards non-saleable
Washery Rejects of 4.99 LT and 1.16 LT respectively.
6. SIGNIFICANT CHANGES/ MODIFICATIONS IN THE ACCOUNTING POLICIES:

Significant accounting policies (Note-2) have been suitably modified / re-drafted over previous year, as found
necessary to elucidate the Accounting Policies adopted by the Company in pursuance of suggestions of
Auditors and for adopting Peer industry practices as per the frame work of Indian Accounting Standards (Ind
AS) notified by Ministry of Corporate Affairs (MCA) under the Companies (Indian Accounting Standards) Rules
from time to time.
The following are the major changes/ modifications to the Accounting Policies of the Company in the current
year:
6.1 Revenue from Sale of Solar Banked Units
Up to FY 2021-22, considering the non-materiality of the Income generated from sale of Solar Banking Units
when compared to other business verticals i.e. Sale of Coal and Sale of Thermal Power, no specific Accounting
Policy was drafted into the Accounting Policy of Company. However, C&AG has suggested to mention a
separate line activity for sale of Solar Banking Units in the Accounting Policies and also suggested to recognize
Revenue from sale of Solar Banking units net of 2% Banking charges.
In view of the above, an Accounting Policy for recognizing the Revenue from Sale of Solar Banking Units is
proposed to be included in the Significant Accounting Policies of the Company.
Financial Impact:
As Revenue was already recognized in the previous years, no specific impact on adoption of this new clause
in the Accounting Policy.
However, due to deduction of banking charges, Rs.0.64 Crore provided towards doubtful debts upto FY 2021-
22. Further, there is a reduction in the Revenue from Solar Banking Units during the Current year FY 2022-23
by Rs.0.40 Crore owing to deduction of banking Charges while recognizing revenue for the current year.

6.2 Recognition of Penalty Income on realization:

As per the existing Accounting Policy, the penalties for short lifting of Coal, on termination of contract, for delay
in supply of material / execution of contracts are being recognized as Income on realization. For this purpose,
in case of encashment of BG’s for appropriation towards penalties the invocation of BG is considered as
realization by the Company as per the consistent practice being followed.
However, in order to avoid ambiguity and yield better clarity to the interpretation of Accounting Policy in
consonance with the practice being followed, an explanation is added in the clause. Accordingly, the sub-
clause of the Accounting Policy is further amplified by adding explanation to this effect. Since, the modification
is in the nature of specifically mentioning the practice being followed continuously for giving clarity, there is no
specific financial effect.
6.3 Componentization of Significant Spares:
As per the provisions of Ind AS-16 PPE, the significant spares of the Plant equipment are to be capitalized and
depreciated over the useful life instead of charging the same to consumption. For implementation of above
componentization of significant spares a committee was constituted drawing members from Technical and
other related departments.
Pending finalization of committee report, during the FY 2021-22 the company has adopted tentative threshold
limit of Rs.25 Lakhs per unit for identifying the significant spares. The significant spares falling under above
Rs.25 Lakhs category have been identified and classified as Capital Work in Progress as on 31.03.2022 for a
value of Rs.69.21 Crore, pending assessment of the useful life of the respective spare/component.
During the year, based on the useful lives certified by the Technical Depts,. componentization of significant
spares was carried out. For this purpose a sub-clause is added in the accounting policy related to PPE at sub-
clause related to componentization of spares. Since, the lives of the significant spares have been assessed in
the current year only and as it is not practical to carryout componentization retrospectively, the change in the
Accounting Policy is applied prospectively.
Financial Impact:
Due to componentization of significant spares, there is a reduction in the cost of the material consumed by
Rs.69.21 Crore in the Current year. Further, the depreciation charged on the spares componentized amounted
to Rs.20.15 Crore. Consequently, there is a net increase in the Profit Before Tax (PBT) for the year 2022-23 by
Rs.49.06 Crore. Considering the Income Tax @ 25.168%, the increase in the Profit After Tax (PAT) for the year
2022-23 is Rs.36.71 Crore.
6.4 Provision for Non-moving / Obsolete Stores Items at STPP:
During the year 2020-21, provision for non-moving stores procured for Thermal Power Generation (STPP) was
recognised for an amount of Rs.16.41 Crore time frame of 3 years from the date of receipt of material as being
considered for coal mining vertical. However, during the year FY 2021-22, after ascertaining the principles
adopted by M/s.NTPC for classifying the non-moving items at Thermal Power Generation Units i.e time frame
of 5 years, the non-moving provision made at STPP was reviewed and as no spares and stores were falling
under the non-moving category, the provision of Rs.16.41 Crore made in FY 2020-21 was withdrawn in the year
FY 2021-22.
However, since the Accounting Policy of the Company and also M/s.NTPC for recognition of non-moving stores
provision are akin except change in wording of Policy and time frames for classifying the non-moving items
are not mentioned in both the policies, no changes / modifications were made to the Accounting Policy of the
Company for adopting the above time frame of 5 years for STPP Operations. However, the C&AG during the
course of Audit of Accounts for the Year 2021-22 had suggested to modify the Accounting policy for non-moving
stores of STPP by mentioning time frames.
In view of the above, the Accounting Policy of the Company pertaining to classification of non-moving items and
creation of provision there for is modified suitably by specifying the time frames adopted for Coal Mining and
Thermal Power Generation activities separately.
Financial Impact:
The impact of the change in the Policy was already adopted in FY 2021-22 and an amount of Rs.16.41 Crore
(earlier provision recognized in FY 2019-20 applying time frame of 3 years) was withdrawn in FY 2021-22.
During the current year FY 2022-23, an amount of Rs.4.87 Crore is recognized as provision for non-moving
items at STPP by adopting time frame of 5 years.
6.5 Closing Stock Valuation – Ind AS 2 Vs Cost Accounting Records – Alignment of
method of valuation in the Books of Account:
The valuation of Closing Stock of Coal at Mines and CHPs is being carried out by considering the cost of
production or NRV whichever is less. To review the cost of production adopted for valuation of Closing Stock as
per Cost Accounting Rules and as per Ind AS 2 and to align the closing stock valuation in the Books of Account
as per the cost Records, a Committee of Finance Officers was deputed to M/s. WCL, Nagpur for study of the
practice being followed at their end for the purpose of valuation of Closing Stock, as per Cost Records and as
per Ind AS.
The committee has reported that at M/s. WCL, CPRMS (E & NE) provisions are not considered as relevant
Costs and amortization of Site Restoration Assets (MCP) is included in the Cost of Production. Further, during
the visit of Senior Officers to M/s. CIL in April 2023, the method of valuation of closing stock was enquired. It is
informed to the Committee that a high power committee is constituted at CIL level and report of the Committee
is awaited.
Considering the above, the cost of production as per the Cost records is adopted for closing stock valuation as
per Ind AS 2 also from FY 2022-23.
The change in the method of valuation of in the Closing Stock Valuation (i.e. inclusion / exclusion of the Cost
Elements as per cost records) is considered as a Change in the Accounting Policy as per Ind AS 8 and to be
applied retrospectively.
Financial Impact:
Upto FY 2020-21 (Earliest period):
There is increase in the value of closing stock by Rs.160.20 Crore which is adjusted as an increase in the
Retaining Earning as on 31.03.2021. The Deferred Tax thereon of Rs.40.32 Crore is also recognized as
a reduction in the Retained Earnings as on 31.03.2021. The Net Increase in the Retained Earnings as on
31.03.2021 is Rs.119.88 Crore.
FY 2021-22 (Comparative period):
There is a increase in the value of closing stock as on 31.03.2022 by Rs.153.85 Crore. After adjusting the
increase in Stock as on 31.03.2021 the decrease in the value of closing stock is Rs 6.35 Crore, which is
recognized as a change in the reported corresponding figure of Changes in the Inventory.
Consequent to this, there is decrease in the Profit Before Tax by Rs.6.35 Crore. After adjusting the Deferred
Tax of Rs.1.60 Crore, the net decrease in the Profit After Tax for FY 2021-22 is Rs.4.75 Crore.
Reporting Year FY 2022-23:
There is an increase in the value of closing stock as on 31.03.2023 by Rs.205.10 Crore. After adjusting the
increase in Stocks upto 31.03.2022, the increase in the value of closing stock is Rs.51.25 Crore for the current
year 2022-23.

Consequent to this, there is an increase in the Profit Before Tax by Rs.51.25 Crore. After adjusting the current
Tax of Rs.12.90 Crore, the net increase in the Profit After Tax for FY 2022-23 is Rs.38.35 Crore.
6.6 Inventorization of Medicines:
As per the extant Accounting Policy of the Company Medicines are being charged directly to consumption on
receipt itself. However in pursuance of the system study conducted by Internal Audit Dept, the Audit Committee
approved to inventorize medicines for efficient monitoring the procurement and consumption patterns.
For Inventorization of medicines suitable changes are made to the existing Accounting Policy related to
Inventories. The change in the Accounting Policy of Inventorization of Medicines is to be applied retrospectively.
For this purpose, in addition to bringing the existing stock of medicines and other items into stock records during
the current year, the stock of medicines as on 31.03.2021 and 31.03.2022 (i.e. earliest period and comparative
periods) respectively are also brought into the Books of Account, in pursuance of provisions of Ind AS 8 for
retrospective application of this new Accounting Policy.
Financial Impact:
Upto FY 2020-21 (Earliest period)
The stock of medicines, surgical and other items as on 31.03.2021 is to be recognized by way of increase in
the Retained Earnings by Rs.12.95 Crore. The Deferred Tax of Rs.3.26 Crore is reduced from the Retained
Earnings.The Net Impact is increase in the Retaining Earnings by Rs.9.68 Crore.
The value of stock of medicines, surgical and other items as on 31.03.2022 was Rs.13.79 Crore. Hence, the
increase of Rs.0.84 Crore in the inventory value of medical / surgical and other items is to be transacted as a
restatement of Reported figure of Changes in the Inventory of FY 2021-22 with consequent increase in the PBT.
After adjusting the Deferred Tax Impact of Rs.0.21 Crore, the Net increase in the PAT for the year 2021-22 is
Rs.0.63 Crore.
For the Year 2022-23 (Reporting Year)
The value of the medicines brought into inventory records (MM Module) during the current year amounted
to Rs.12.95 Crore. After setting off of the stock of medicines brought into records upto 31.03.2022, the net
decrease in the stock of medicines, surgical and other items is Rs.0.84 Crore. Consequent to this there is a
decrease in the PBT of the FY 2022-23. After adjusting the Deferred Tax of Rs.0.21 Crore the net decrease on
the PAT of FY 2022-23 is Rs.0.63 Crore.
6.7 In addition to above, some textual modification are made to the Accounting policy related to Depreciation
for specifying the adoption of useful life of Mines as the basis for charge of deprecation of Mine related fixed
assets and rates specified in TSERC Regulations for STPP related Assets for yielding more clarity. Further,
few textual changes are also made to other polices wherever required to correct typographical errors and for
yielding more clarity.
7. FUTURE CHANGES IN THE ACCOUNTING POLICIES:

The Ministry of Corporate Affairs (MCA) notifies new standard or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as amended from time to time.
As per requirement mentioned at Para No. 30 of Ind AS 8 (Accounting Policies, Changes in Accounting estimates
and Errors), the amendments to Standards that are issued, but not yet effective, up to the date of issuance of
the Company’s Financial Statements are required to be disclosed.
The amendments effective from 01.04.2023 to relating to ‘Ind AS-1 Presentation of Financial Statements’
with regard to disclosure of Accounting Policies as ‘Material Accounting Information’ rather than as Significant
Accounting Policies and Ind AS-8 - Accounting Policies, Changes in Accounting Estimates and Errors relating
to definition of Accounting Estimates for distinguishing between change in accounting estimates and changes in
Accounting Policy and Ind AS-12 - Income Taxes relating to narrowing down the scope of the initial recognition
exemption so that it does not apply to transactions that give rise to equal and offsetting temporary differences.
are being analysed. Pending detailed analysis, the Company expects that the amendments proposed by MCA
do not have any Significant Impact on the Financial Statements.
8. IND AS 10 – “ EVENTS AFTER THE REPORTING PERIOD” :

The material non-adjusting events after the Reporting Period which are required to be disclosed in the Financial
Statements for the current year have been appropriately disclosed in the Notes wherever required.
The material Non Adjusting Events After the Reporting Date (i.e 31.03.2023) i.e. declaration of dividend for the
year 2022-23 was disclosed at Note no 39.11.
9. MATERIAL PRIOR PERIOD ERRORS:

i) Inclusion of BC/Top Soil removal at external Dump of IK OC as Over burden removal quantities:
During the year 2020-21 & 2021-22, 13.99 L.cum and 15.60 L.cum respectively of BC Soil excavated at
IK OCP Mine, under the external dump outside quarry area were reported as OB Removal Quantities by
Project Authorities. Accordingly OBR Schedules have been prepared considering the BC Soil quantities
also.
As the BC/Top Soil removal quantities under external dump shall not be considered in OB removal
Quantities, these quantities are not considered for review of general review of Project Stripping ratio by
Project Planning Dept. This excess consideration of quantities in OB Removal accounting is considered
as a material Prior period error and corrected by retrospectively as per Ind AS-8 read with the Company’s
significant Accounting Policy No.2.2.21.
Consequently, the Backfilling Provision of respective years is also influenced by the above Prior period
error in OBR accounting in view of adoption of weighted Average outsourced OB removal rate/cum for
assessing the Backfilling Obligation. This consequential prior period error is also corrected retrospectively.
Financial Impact:
Consequent to the above ,there is an increase in OBR Adjustment and back filling charge by Rs.40.82
Crore (Increase in charge) out of which an amount of Rs.15.87 Crore is transacted by way of reduction
in Retained Earnings as on 01.04.2021.Conisidering the Deferred Tax Asset of Rs.1.04 Crore, the net
decrease in the Retained Earnings as on 01.04.2021 is Rs.14.83 Crore.
The remaining amount of Rs.24.95 Crore is transacted by way of restatement of reported figures of the
comparative period i.e. FY 2021-22. Consequently, there is a reduction in Profit before Tax by Rs.24.95
Crore. Considering the Deferred Tax Asset of Rs.0.84 Crore, the net decrease and PAT of FY 2021-22 by
Rs.24.11 Crore.
ii) Omission to recognize partial Backfilling Obligation for MNG OC :
As per the Revised Environment Clearance for MNG OCP obtained from MOEF Dt.18.02.2022 the depth
of the mine void shall be reduced from current 200 m to 150m (at least) and height of OB Dump and
re-grade it for better landscaping. However, the Technical Dept Project had not considered the above
revised EC conditions in the estimation of Backfilling and water body obligations of FY 2021-22 since
representations were made to MoEF to consider final void depth at 200 m in line with approved Mining
plan which is base document for the grant of EC.
As per the revised EC conditions, it is required to backfill the final void with 8.71 M.cum to bring the void
depth from 200 m to 150 m in addition to adequate Engineering interventions shall be provide for the

sustenance of aquatic life there in for final void area of 158.96 Ha with a depth of 150 m from earlier 200
m. However, during the FY 2022-23, Technical Dept has proposed to adopt the revised EC to consider
partial backfilling and partial waterbody as per the above revised EC conditions.
Since the revised EC condition i.e. partial backfilling and partial waterbody should have been adopted
in FY 2021-22 itself and provision should have been reassessed based on the revised EC condition, the
issue is considered as a Prior Period Error and corrected retrospectively as per Ind AS-8 read with the
Company’s significant Accounting Policy No.2.2.21.
Financial Impact:
Consequent to above correction of Prior period Error , there is a net decrease in the Unwinding cost of FY
2021-22 by Rs.1.65 Crore and increase in the depreciation on corresponding asset for FY 2021-22 by
Rs.18.81 Crore. This impact was corrected by way of restatement of reported figures of the Comparative
Period i.e. FY 2021-22. Owing to this, there is a reduction in the Profit Before Tax of FY 2021-22 by
Rs.17.16 Crore. After considering the Deferred Tax Asset of Rs. 4.32 Crore, the net decrease and PAT
of FY 2021-22 by Rs.12.84 Crore.
iii) Omission to regularize reduction in MAT credit :
During the year 2018-19, MAT Credit of Rs.192 Crore was recognised and the Tax Expense was reduced
accordingly. Subsequently, it was observed that the MAT Credit was overstated by Rs.60.34 Crs (the
Mine Closure Provision of Rs.172.67 Crore was wrongly claimed) which should have been regularized
in 2019-20. This excess recognition of MAT Credit in FY 2018-19 and its non regularization in 2019-20 is
considered as a material Prior Period error and corrected by retrospectively by way of adjustment against
the Retained Earnings as on 01.04.2021 as per Ind AS 8 read with the Companies significant Accounting
Policy no.2.2.21.
Financial Impact:
Consequent to above correction of Prior period Error, there is a decrease in the opening balance of
Retained Earnings as on 01.04.2021 by Rs.60.34 Crore and corresponding reduction in the Current Tax
Asset (grouping Debit).
iv) Other Prior Period Errors:
In addition to the above, few Prior Period Errors viz. non accounting of receivable against the CMPS
charges recovered from CMPF authorities in respect of employees whose service was extended from
60 years to 61 years, excess provision for sampling charges, repairs & maintenance, omission to make
provision for perks tax, short recognition of ROU lease liability charging the Magnetic separators to
revenue though approval was accorded for procurement as capital items etc. have been identified during
the year.
These Prior Period Errors are required to be corrected retrospectively as per Ind AS -8 read with the
Company’s Accounting Policy No 2.2.21.
Consequently, the above prior period errors amounting to Rs.12.81 (Net Income) and Deferred Tax
Impact there on of Rs.3.81 Crore (net impact being Rs.9.00 Crore) have been corrected retrospectively
by restating the opening balance of Retained Earnings as on 01.04.2021 (earliest period) by Rs.1.75
Crore (net Increase in Retained Earnings) and by restating the comparative reported figures for the
Previous Period i.e 2021-22 by Rs.7.25 Crore (net Increase in PAT).
10. EXCEPTIONAL ITEMS:

i) Remediation Action Plan:
During FY 2022-23, ECs were approved for four Mines by MoEF&CC and EAC/SEAC recommended ECs
for six Mines recommending the activities for Rs.20.65 Crore towards implementation of RP, CRAP,NCRAP
& PH commitments as against the provision made for Rs.26.30 Crore. Accordingly, excess provision of
Rs.5.65 Crore was written back and credited to Profit and Loss Account of the Current Year. Further, an
amount of Rs.8.13 Crore is provided towards implementation of RP, CRAP, NCRAP & PH commitments in
respect of the remaining Mines in Violation Category. The Net increase in the Provision Rs.2.48 Crore(PY
withdrawal of Rs.4.43 Crore).
ii) Provision for Environment Compensation – (Hon’ NGT):
During the year 2022-23, provision for an amount of Rs.0.13 crore is made consequent to the notice
issued by TSPCB on 05.06.2023 environmental violation observed at Kharagura OCP, in pursuance of
Hon’ NGT directions. (PY Rs. 41.21 Crore).
iii) Penalties levied on Supplier for performance failure at Adriyala Longwall Project:
During the year, decision was taken to impose penalties on supplier against the for failure to achieve
performance obligations at Adriyala Longwall Project. Accordingly, 20% equipment value withheld of Euro
1,09,09,741.01 have been adjusted towards Penalty. In addition, the Bank Guarantee submitted by the
Firm for Euro 55,43,664.00 was also invoked. This Penalty Income arising out of the settlement of dispute
translated into Rs.147.22 Crore is classified and presented as Exceptional Item for FY 2022-23.
Considering the specific nature of the above expenditures, the Company has classified and disclosed the
same as an Exceptional Items as per Para No. 9.6 of Guidance Note issued by ICAI on Division II - Ind
AS Schedule -III to the Companies Act, 2013.
11. DIVIDEND INFORMATION:
For the year 2021-22, dividend was declared by the shareholders in the AGM held on 29.12.2022 @ 7.5% of
paid up Share Capital. The Dividend of Rs.129.99 Crore was paid during the current year and adjusted against
the Retained Earnings.
For the year 2022-23, the Board of Directors have recommended dividend @ 10% of the Paid up Share Capital
which works out to Rs.173.32 Crore. Pending declaration of Dividend for the year 2022-23 by the shareholders
in the ensuing AGM, the same is not accounted in the Books of Account as it is in the nature of an ‘Non
Adjusting Event’ after the Reporting Date as per the provisions of Ind AS 10 “Events after the Reporting Date”.
12. DISCLOSURES WITH REGARD TO IMPACT OF COVID-19 ON THE COMPANY’S
OPERATIONS:
I. Impact of Covid-19 during FY 2022-23
a) Coal Mining Operations:
The performance of the Company with regard to coal mining operations is normal during the year
and there is no impact of COVID -19.( PY reduction in the production and dispatches of coal by
2.00 LT). Further, there is no reduction in the revenue and PBT from coal operations of Current Year
( PY - reduction in Revenues of Rs.53.00 Crore and reduction in PBT of Rs.35.00 Crore).
b) Power Plant Operations (STPP) :
The performance of the Company with regard to operations of STPP in current year as well as and
previous year have been normal and there was no impact of COVID -19 on the Gross Generation
and Net Export during the current year as well as previous year.

II. Impact of Covid-19 on the Operations of FY 2023-24:

Due to restoration of normal conditions it is expected that any further break-out of next waves of Covid-19,
if any, are not expected to have any significant influence on the operations of the Company during the
year 2023-24.
13.1 Previous period’s figures have been regrouped, rearranged and renumbered wherever considered
necessary.
13.2 The effect of changes/modifications in the Accounting Policies and Correction of Material Prior Period Errors
as mentioned at Note No.39.9 and 39.6 have been carried out by restating each of the affected financial
statement line items for prior periods as per Ind AS-8. The impact of the restatement on the Company’s
Standalone Financial Statements is furnished hereunder:
Singareni Thermal Power Plant (2X 600MW), Jaipur (Mancherial)
Balance Sheet (Standalone)

As at 1st April 2021 (Rs. in Crore)
Impact of correction of error and changes in
Sl. Note Accounting Policies
Particulars
No. No As previously
Adjustments As Restated
reported
ASSETS:
(a) Property, Plant and Equipment 3 14,441.89 8.07 14,449.96
(b) Capital Work-In-Progress 4 1,535.99 - 1,535.99
(c) Investment Property 5A 1.06 - 1.06
(d) Right of Use Assets 5B 14.82 - 14.82
(e) Other Intangible Assets 5C 0.80 - 0.80
(f) Intangible Assets - Under Development 5D 367.11 - 367.11
(g) Financial Assets:
(i) Investments 6 2,809.37 - 2,809.37
(ii) Others 8 4,738.53 - 4,738.53
(h) Deferred Tax Assets (Net) 9 2,059.25 (43.12) 2,016.12
(i) Other Non-Current Assets 10 579.72 - 579.72
Total Non-Current Assets (A) 26,548.53 (35.05) 26,513.48
B. Current Assets:
(a) Inventories 11 1,287.89 173.15 1,461.04
(i) Trade Receivables 12 9,400.33 - 9,400.33
(ii) Cash and Cash Equivalents 13 886.33 - 886.33
(iii) Bank Balance Other than (ii) above 14 692.08 - 692.08
(iv) Investments 6 0.96 - 0.96
(v) Loans 7 57.83 2.34 60.17
(vi) Others 8 546.91 - 546.91
(c) Current Tax Asset (Net) 15 193.92 (60.34) 133.58
(d) Other Current Assets 16 1,082.39 - 1,082.39
Total Current Assets (B) 14,148.64 115.15 14,263.79
TOTAL ASSETS (A+B) 40,697.17 80.10 40,777.27

Balance Sheet (Standalone) (Contd...)

As at 1st April 2021 (Rs. in Crore)
Particulars
reported
EQUITY AND LIABILITIES:
A. EQUITY:
(a) Equity Share Capital 17 1,733.20 - 1,733.20
(b) Other Equity 18 6,908.62 56.16 6,964.78
Total Equity (A) 8,641.82 56.16 8,697.98
B. LIABILITIES:
(i) Borrowings 19 3,621.26 - 3,621.26
(ii) Lease Liability 21 A-1 3.69 - 3.69
(iii) Other Financial Liabilities 21 B-1 281.10 - 281.10
(b) Provisions 22.1 20,512.68 23.94 20,536.62
Total Non-Current Liabilities (B.1) 24,418.73 23.94 24,442.67
(i) Borrowings 19 1,724.58 - 1,724.58
(ii) Trade Payables
- Micro and Small Enterprises 20 B1 25.95 - 25.95
- Others 20 B2 826.08 - 826.08
(iii) Lease Liability 21 A-2 12.72 - 12.72
(iv) Other Financial Liabilities 21 B-2 1,510.73 - 1,510.73
(b) Other Current Liabilities 24 2,363.96 - 2,363.96
(c) Provisions 22.2 1,172.60 - 1,172.60
Total Current Liabilities (B.2) 7,636.62 - 7,636.62
Total Liabilities (B=(B.1+B.2)) 32,055.35 23.94 32,079.29
TOTAL EQUITY AND LIABILITIES (A+B) 40,697.17 80.10 40,777.27
Balance Sheet (Standalone) (Contd...)

As at 31st March 2022 (Rs. in Crore)
Accounting Policies
Sl. Note
Particulars Restated
No. No
as at Adjustments As Restated
31.03.2022 *
ASSETS:
(b) Capital Work-In-Progress 4 1,349.20 1.28 1,350.48
(e) Other Intangible Assets 5C 0.41 - 0.41
(f) Intangible Assets - Under Development 5D 598.16 - 598.16
(g) Financial Assets:
(i) Investments 6 1,809.37 - 1,809.37
(ii) Others 8 6,513.13 - 6,513.13
(h) Deferred Tax Assets (Net) 9 1,826.01 3.32 1,829.33
(i) Other Non-Current Assets 10 829.74 - 829.73
Total Non-Current Assets (A) 29,940.55 56.62 29,997.17
B. Current Assets:
(a) Inventories 11 1,464.57 (5.50) 1,459.08
(iv) Investments 6 1,000.00 - 1,000.00
(v) Loans 7 55.31 0.50 55.81
(vi) Others 8 665.01 - 665.01
(c) Current Tax Asset (Net) 15 27.58 - 27.58
Total Current Assets (B) 19,527.98 (5.00) 19,522.99
TOTAL ASSETS (A+B) 49,468.53 51.62 49,520.16
* figures reported are after giving effect of the impact of correction of errors and changes in accounting policies as on 01.04.2021.

Balance Sheet (Standalone) (contd...)

Accounting Policies
Sl. Note
Particulars Restated
No. No
as at Adjustments As Restated
31.03.2022 *
A. EQUITY:
(b) Other Equity 18 8,115.13 (33.84) 8,081.29
Total Equity (A) 9,848.33 (33.84) 9,814.49
B. LIABILITIES:
(i) Borrowings 19 2,776.29 - 2,776.29
(b) Provisions 22.1 25,601.98 94.14 25,696.12
(i) Borrowings 19 1,363.26 - 1,363.26
(ii) Trade Payables
- Others 20 B2 995.51 - 995.51
(iii) Lease Liability 21 A-2 5.81 1.54 7.35
(iv) Other Financial Liabilities 21 B-2 1,277.28 (206.74) 1,070.54
(b) Other Current Liabilities 24 5,223.57 256.32 5,479.89
(c) Provisions 22.2 2,044.61 (59.81) 1,984.80
Total Current Liabilities (B.2) 10,928.39 (8.69) 10,919.70
Statement of Profit & Loss (Standalone)

For the year ended 31st March, 2022 (Rs. in Crore)
Impact of correction of error and changes

S. Note in Accounting Policies
Particulars
No. No. For the year ended
31.03.2022 Adjustments 31.03.2022
(I) Revenue from Operations 26 20,495.10 - 20,495.10
(II) Other Income 27 1,396.98 (1.87) 1,395.12
(III) Total Income (I+II) 21,892.08 (1.87) 21,890.22
(IV) EXPENSES:
Cost of Materials Consumed 28 4,535.88 (0.77) 4,535.11
Changes in Inventories of Finished goods 29 (28.53) 6.35 (22.18)
Employee Benefits Expense 30 6,698.01 (8.94) 6,689.07
Finance Costs 31 1,326.81 (0.68) 1,326.12
Depreciation and Amortization expenses 31A 1,600.46 19.30 1,619.76
Power & Fuel 32 394.38 - 394.38
Repairs & Maintenance 33 225.62 (0.51) 225.11
Contractual Expenses 34 2,759.80 1.55 2,761.35
Provisions 35 807.19 - 807.19
Write offs 36 337.93 - 337.93
Stripping Activity (OBR) Adjustment 753.90 21.64 775.54
Other Expenses 37 673.47 (2.64) 670.83
Total Expenses (IV) 20,084.92 35.29 20,120.21
(V) Profit/(Loss)before Exceptional Items and Tax 1,807.17 (37.16) 1,770.01
(III-IV)
(VI) Exceptional Items 38 36.78 - 36.78
(VII) Profit / (Loss) Before Tax (V) - (VI) 1,770.39 (37.16) 1,733.23
(VIII) Tax Expense:
(1) Current Tax 304.72 - 304.72
(2) Tax relating to Earlier periods - - -
(3) Deferred Tax 202.33 (3.32) 199.00
Total Tax Expense 507.05 (3.32) 503.72
(IX) Profit (Loss) for the period from Continuing Op- 1,263.34 (33.84) 1,229.50
erations (VII - VIII)
(XII) Profit/ (loss) from discontinued operations (After Tax) - -
(X- XI)

Statement of Profit & Loss (Standalone) (Contd.)

Impact of correction of error and
Sl. Note changes in Accounting Policies
Particulars
31.03.2022 Adjustments 31.03.2022
(XIII) Profit/(loss) for the Period (IX+XII) 1,263.34 (33.84) 1,229.50
Remeasurement of Employee Benefit Obligations (48.51) - (48.51)
Less: Income tax relating to items that will not be re- 12.21 - 12.21
classified to Profit or Loss on above
B. Items that will be reclassified to profit or loss - - -
Less: Income tax relating to items that will not be re- - - -
classified to Profit or Loss on above
Total Other Comprehensive Income (XIV) (36.30) - (36.30)
(XV) Total Comprehensive Income for the Year (XIII+XIV) 1,227.04 (33.84) 1,193.20
(XVI) Earnings per Equity Share (Face value of Rs.10/- each): @:
(1) Basic (in Rs.) 7.29 7.09
(2) Diluted (in Rs.) 7.29 7.09
@ There is no material impact on the Group’s basic and diluted earnings per share.
13.3 (i) Note-1 gives Corporate information;
(ii) Note-2 represents Significant Accounting Policies
(iii) Note-3 to Note-25 form part of the Balance Sheet as at 31st March, 2023
(iv) Note-26 to Note-38A form part of Statement of Profit & Loss for the year ended on that date; and
(v) Note-39 represents Additional Notes to the Financial Statements for FY 2022-23.
(vi) The Financial Statements for the year ended 31.03.2023 have been approved by the Board and authorized
for issue on 14.07.2023.

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FORM AOC-1
[Pursuant to first proviso to sub-section (3) of section 129 read with rule of 5 of
Companies (Accounts) Rules, 2014]
Statement containing salient features of the financial statement of

subsidiaries / associate companies / joint ventures.
Part “A”: Subsidiaries

(Information in respect of each subsidiary to be presented with amounts Rs. in Crore)
FY 2022-23
1 Name of the subsidiary Andhra Pradesh Heavy Machin-

ery & Engineering Limited
2 Reporting period of the subsidiary concerned, if different from the hold- NA
ing company’s reporting period
3 Reporting current and Exchange rate as on the last date of the rel- NA
evant Financial year in the case of foreign subsidiaries
4 Share Capital 17.27
5 Reserves & Surplus 26.61
6 Total Assets 55.41
7 Total Liabilities 55.41
8 Investments -
9 Turnover 42.18
10 Profit / (Loss) before Taxation 5.23
11 Provision for Taxation 1.70
12 Profit / (Loss) after Taxation 3.53
13 Proposed Dividend -
14 % of shareholding 81.54%

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Place : Hyderabad

Part “B”: Associated and Joint Ventures

Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associated Companies and
Joint Ventures (FY 2022-23)
APMDC - SCCL Suliyari

Name of Associates / Joint Ventures
Coal Company Limited
1 Latest audited Balance Sheet Date -
2 Shares of Associate / Joint Ventures held by the Company on the year end.
No. 4900
Amount of Investment in Associates / Joint Venture (Rs. in Crore) 0.0049
Extent of Holding % 0.49
3 Description of how there is significant influence By virtue of shareholding
4 Reason why the associate / joint venture is not consolidated Financial statements are
not made available
5 Net worth attributable to Shareholding as per latest audited Balance Sheet 0.0049
(Rs. in Crore)
6 Profit / Loss for the year
i) Considered in Consolidation (Rs. in Crore) -
ii) Not considered in Consolidation -

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Balance Sheet (Consolidated) as at 31st March 2023

(Rs. in Crore)
As at As at
S. Note As at
Particulars 31.03.2022 01.04.2021
No. No 31.03.2023
ASSETS:
(a) Property, Plant and Equipment 3 19,592.83 17,053.82 14,450.77
(b) Capital Work-In-Progress 4 830.69 1,351.86 1,538.96
(c) Goodwill 14.95 14.95 14.95
(d) Investment Properties 5A 26.20 1.04 1.06
(e) Right of Use Assets 5B 15.23 15.98 14.82
(f) Intangible Assets 5C 381.35 0.41 0.80
(g) Intangible Assets - Under Development 5D 25.50 598.16 367.11
(h) Financial Assets:
(i) Investments 6 1,800.19 1,800.19 2,800.19
(ii) Trade Receivables 12A 483.74 - -
(iii) Others 8A 8,283.99 6,513.31 4,738.73
(i) Deferred Tax Assets (Net) 9 1,375.59 1,830.93 2,017.02
(j) Other Non-Current Assets 10 1,172.32 829.83 580.46
Total Non-Current Assets (A) 34,002.58 30,010.48 26,524.87
B. Current Assets:
(a) Inventories 11 2,106.65 1,466.74 1,470.48
(i) Trade Receivables 12B 14,756.65 14,646.98 9,408.36
(ii) Cash and Cash Equivalents 13 929.84 473.14 887.00
(iii) Bank Balances Other than (ii) above 14 538.53 77.82 705.32
(iv) Investments 6 500.25 1,000.00 0.96
(v) Loans 7 41.95 57.00 61.41
(vi) Others 8B 1,246.68 665.14 547.03
(c) Current Tax Assets (Net) 15 22.86 28.63 134.52
(d) Other Current Assets 16 1,897.81 1,151.65 1,083.66
Total Current Assets (B) 22,041.22 19,567.10 14,298.74
TOTAL ASSETS (A+B) 56,043.80 49,577.58 40,823.61

Balance Sheet (Consolidated) as at 31st March 2023 (Contd.)

(Rs. in Crore)
As at As at
S. Note As at
Particulars 31.03.2022 01.04.2021
No. No 31.03.2023
A. EQUITY:
(a) Equity Share Capital 17 1,733.20 1,733.20 1,733.20
(b) Other Equity 18A 10,246.12 8,123.65 7,007.85
(c) Non Controlling Interest 18B 8.46 8.29 8.45
Total Equity (A) 11,987.78 9,865.14 8,749.50
B. LIABILITIES:
(i) Borrowings 19A 2,369.91 2,776.29 3,621.26
(ii) Lease Liabilities 21 A-1 4.40 9.39 3.69
(iii) Other Financial Liabilities 21 B-1 247.99 304.16 281.10
(b) Provisions 22.1 31,278.20 25,700.64 20,540.60
Total Non-Current Liabilities (B.1) 33,900.50 28,790.48 24,446.65
(i) Borrowings 19B 455.03 1,363.26 1,724.59
(ii) Trade Payables
- Dues to Micro Enterprises and 20.1 11.94 18.35 25.97
Small Enterprises
- Dues to Others 20.2 1,210.76 994.29 815.22
(iii) Lease Liabilities 21 A-2 11.46 7.35 12.72
(iv) Other Financial Liabilities 21 B-2 847.99 1,070.90 1,509.33
(b) Other Current Liabilities 24 4,156.50 5,482.09 2,332.30
(c) Provisions 22.2 3,461.84 1,985.72 1,207.33
Total Current Liabilities (B.2) 10,155.52 10,921.96 7,627.46
Total Liabilities (B=(B.1+B.2)) 44,056.02 39,712.44 32,074.11
TOTAL EQUITY AND LIABILITIES (A+B) 56,043.80 49,577.58 40,823.61
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Statement of Profit and Loss (Consolidated) for the year ended 31st March 2023
(Rs. in Crore)
For the year ended
Note
Sl. No. Particulars 31.03.2022
No. 31.03.2023
*(Restated)
(I) Revenue from Operations 26 26,198.83 20,499.71
(II) Other Income 27 2,573.20 1,399.17
(III) Total Income (I+II) 28,772.03 21,898.88
(IV) EXPENSES:
Cost of Materials Consumed 28 6,483.83 4,528.29
Changes in Inventories of Finished goods 29 (640.09) (20.84)
Employee Benefits Expense 30 8,144.22 6,702.12
Finance Costs 31 1,600.74 1,326.13
Depreciation and Amortization expenses 31A 2,276.54 1,619.90
Power & Fuel 32 427.64 394.95
Repairs & Maintenance 33 265.28 220.08
Contractual Expenses 34 2,969.06 2,765.72
Provisions 35 143.71 807.19
Write offs 36 73.24 338.57
Stripping Activity (OBR) Adjustment 2,676.01 775.54
Other Expenses 37 918.72 672.64
Total Expenses (IV) 25,338.90 20,130.29
(V) Profit before Exceptional Items and Tax (III-IV) 3,433.13 1,768.59
(VI) Exceptional Items 38 (144.61) 36.78
(VII) Profit Before Tax (V) - (VI) 3,577.74 1,731.81
(VIII) Tax Expense:
(1) Current Tax 398.26 304.72
(2) Deferred Tax 580.83 198.33
Total Tax Expense 979.09 503.05
(IX) Profit for the year from Continuing Operations (VII - VIII) 2,598.65 1,228.76
(XII) Profit/ (loss) from discontinued operations (After Tax) (X- XI) - -

Statement of Profit and Loss (Consolidated) for the year ended 31st March 2023 (Contd.)
(Rs. in Crore)
For the year ended
Note
Sl. No. Particulars 31.03.2022
No. 31.03.2023
*(Restated)
(XIII) Profit for the year (IX+XII) 2,598.65 1,228.76
Attributable to:
Equity Shareholders to Parent 2598.48 1228.92
Non-Controlling Interest 0.17 (0.16)
Remeasurement of Employee Benefit Obligations (500.77) (48.67)
Less: Income tax relating to items that will not be reclassified to 125.50 12.25
Profit or Loss on above
B. Items that will be reclassified to profit or loss - -
Less: Income tax relating to items that will not be reclassified to - -
Profit or Loss on above
Total Other Comprehensive Income (XIV) (375.27) (36.42)
(XV) Total Comprehensive Income for the year (XIII+XIV) 2,223.38 1,192.34
Attributable to:
Equity Shareholders to Parent 2223.21 1192.50
Non-Controlling Interest 0.17 (0.16)
(XVI) Earnings per Equity Share (Face value of Rs.10/- each): 39.5.4
(1) Basic (in Rs.) 14.99 7.09
(2) Diluted (in Rs.) 14.99 7.09
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STATEMENT OF CHANGES IN EQUITY (CONSOLIDATED)

FOR THE YEAR ENDED 31st MARCH, 2023
A. EQUITY SHARE CAPITAL
Particulars Capital due to Capital
01.04.2022 as at 01.04.2022 31.03.2023
prior period during the
errors current year
Equity Shares 1,733.20 - 1,733.20 - 1,733.20
Particulars Capital due to Capital
01.04.2021 as at 01.04.2021 31.03.2022
prior period during the
errors current year
Equity Shares 1,733.20 - 1,733.20 - 1,733.20
B. OTHER EQUITY
(1) Current Year (Rs.in Crore)

Utilisa- General Retained of defined ben- Non control-
Particulars Total
tion Reserve Earnings efits plans (Net ling interests
Balance as on 01.04.2022 18.89 1860.40 6683.97 (439.61) 8123.65 8.29
Profit for the Year 2022-23 - - 2598.48 - 2598.48
Other Comprehensive In- - - - (375.26) (375.26)
come (net of tax)
Transfer (from)/to Retained - 100.00 (100.00) - -
Earnings
Addition during the year 29.24 - - - 29.24 0.17
Fly Ash Reserve Utilization - - - - -
(Capital Expenditure)
Balance as on 31.03.2023 48.13 1960.40 9052.46 (814.87) 10246.12 8.46

STATEMENT OF CHANGES IN EQUITY (CONSOLIDATED)

FOR THE YEAR ENDED 31st MARCH, 2023 (Contd.)
(2) Previous Year (Rs.in Crore)
Non con-
Particulars Total trolling
interests
Balance as on 01.04.2021 8.93 1,760.40 5,585.55 (403.19) 6,951.69 8.45
Adjustments for Prior Period - - (73.41) - (73.41)
Errors (net of Deferred Tax)
Adjustments for changes in - - 129.57 - 129.57
Accounting Policies (net of
Deferred Tax)
Restated Balance as on 8.93 1,760.40 5,641.71 (403.19) 7,007.85 8.45
01.04.2021
(Restated)
Other Comprehensive Income - - - (36.42) (36.42)
(net of tax) (Restated)
(including dividend distribution tax)
Transfer to/(from) retained earnings - 100.00 (100.00) - -
Addition during the year 9.96 - - - 9.96 (0.16)
31.03.2022

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STATEMENT OF CASH FLOWS (CONSOLIDATED)

FOR THE YEAR ENDED 31st MARCH, 2023
(Rs. in Crore)
S.
Particulars For the year ended
No
31.03.2023 31.03.2022
A CASH FLOW FROM OPERATING ACTIVITIES
Profit Before Tax and Exceptional items, OCI 3,433.13 1,768.59
Adjustments for:
Depreciation, Amortization Expenses 2,276.54 1,619.90
Provision for Impairment 69.16 758.93
Assets / CWIP/Obsolete Stores Written off 68.12 6.79
Write off of Bad & Doubtful Debts/Advances 5.12 331.78
Provision for Bad debts & Adv, obsolete stores Etc 74.54 48.26
Non - Current Provisions & Liabilities 1,256.32 11.11
Finance Costs 1,600.73 1,326.14
Fly Ash Sale Proceeds including interest transferred to Reserve 29.24 9.96
Stripping Activity Adjustment 2,676.01 775.54
Adjustments for Variable Consideration (Grade Variation Coal) 378.72 48.52
Unrealised Foreign Exchange (Gain)/Loss (0.06) (3.78)
Provisions / Liabilities Written Back (1563.25) (546.83)
Interest Income on Investments (191.52) (260.25)
Interest Income on Term Deposits (76.74) (86.84)
Interest Income on LIC-ETB (449.23) (305.53)
Income from Mutual Funds (9.61) (0.36)
Fair Value Change - Mutual Funds (0.27) 0.02
Profit on Sale of Property, Plant and Equipment (1.69) (3.04)
Actuarial gains/(losses) routed through other comprehensive (500.76) (48.66)
income
Exceptional Items 144.61 5,785.98 (36.78) 3,644.88
Operating Profit Before Working Capital Changes 9,219.11 5,413.47
Adjustments towards changes in Working Capital
(Increase)/ Decrease in Inventories (663.54) (1.70)
(Increase)/ Decrease in Trade Receivables (1,020.45) (5,677.79)
Increase/ (Decrease) in Trade Payables 227.42 187.65
(Increase)/ Decrease in Loans, Other Financial Assets and (1,741.38) (517.04)
Other Assets (Current/Non - Current)
Increase/(Decrease) in Financial liabilities, Other Liabilities (1255.73) 4,045.60
and Provisions (Current/Non - Current)
Tax paid Including TDS/TCS (399.98) (4,853.66) (307.40) (2,270.68)
Net Cash flow from Operating Activities (A) 4,365.45 3,142.79

STATEMENT OF CASH FLOWS (CONSOLIDATED)

FOR THE YEAR ENDED 31st MARCH, 2023 (Contd.)
(Rs. in Crore)
Sl. For the year ended
Particulars
No 31.03.2023 31.03.2022
B CASH FLOW FROM INVESTING ACTIVITIES
Increase in Property, Plant & Equipment (including Capi- (1,201.14) (1,611.98)
tal Work-in-progress and Intangible Assets , Intangible
Assets under Development)
(Increase)/ Redemption of Investments 800.00 -
(Investment) / maturity of Fixed Deposits>3 months & (1,217.27) 665.82
12 Months maturity period
Investment in LIC/ETB (734.23) (1,623.53)
Interest Income on LIC-ETB 449.23 305.53
Interest Income on Investments 191.52 260.25
Interest Income on Term Deposits 76.72 86.80
Income from Mutual Funds 9.88 0.34
(Investments)/Sale (in)/ of Mutual Funds (500.25) 0.96
Cash Flow from Investing Activities (B) (2,125.53) (1,915.81)
C. CASH FLOW FROM FINANCING ACTIVITIES
Increase/ (Decrease) in Borrowings (881.99) (294.51)
Increase/(Decrease) in Demand Loans from Banks - (225.05)
Changes in Cash Credit (7.10) (12.48)
Increase/(Decrease) in Unsecured Loans - (1,050.00)
Increase/(Decrease) in Working Capital Loans (425.51) 375.74
Interest Expense (other than unwinding costs) (328.85) (326.21)
Dividend paid (129.99) (86.66)
Lease Payments (Right of Use Assets) (17.74) (16.19)
Interest Cost - Leases (1.50) (1.40)
Cash Flow from Financing activities (C) (1,792.68) (1,636.76)
D Net increase in Cash and Cash Equivalents(A+B+C) 447.24 (409.78)
E Cash & Cash Equivalents at the beginning of the year 472.68 882.46
F Cash & Cash Equivalents at the end of the year (D+E) 919.92 472.68
Cash and Cash Equivalents for the purpose of the Statement of Cash-Flows
(Rs. in Crore)
STATEMENT OF CASH FLOWS (CONSOLIDATED) FOR THE YEAR ENDED

31st MARCH, 2023 (Contd.)
Notes:
1 Cash and cash equivalents consist of Cash and balances with banks and deposits with original maturity of upto
three months.
2 Reconciliation between the opening and closing balances in the balance sheet for liabilities arising from financing
activities:

Non-current Current Lease
Particulars
borrowings borrowings Liabilities (ROU)
Cash flows during the year (406.38) (908.23)
- Acquisitions under Lease Liabilities - - (0.88)
Closing balance as at 31 March 2023
st
2,369.91 455.03 15.86

Non-current Current Lease
Particulars
borrowings borrowings Liabilities (ROU)
Cash flows during the year (844.97) (361.33)
- Acquisitions under Lease Liabilities - - 0.33
Closing balance as at 31 March 2022
st
2,776.29 1,363.26 16.74
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Notes to the Consolidated Financial Statements for the year ended 31st March, 2023
NOTE 1. CORPORATE OVERVIEW
The Singareni Collieries Company Limited (‘SCCL’ or ‘the Company’) is a Government coal mining company jointly
owned by the Government of Telangana and Government of India on a 51:49 equity basis.
The Company is mainly engaged in mining of coal. As a part of diversification, the company has entered in to power
generation and presently operating 2 X 600 MW Singareni Thermal Power Plant (STPP). The major coal consumers
of the company are from power and cement sectors. Power Purchase Agreement is entered with TS DISCOMs to sell
the power generated from the Power Plant.
The Company’s coal reserves stretch across 350 Km of the Pranahita – Godavari Valley of Telangana with a proven
geological reserves aggregating to approx. 8800 million tonnes. SCCL is currently operating 21 opencast and
24 underground mines in 6 districts of Telangana. Further, the company was allotted Naini coal block at Angul
District, Odisha State with appox.341 million tonnes of extractable reserves. The operations at this Coal block would
commence shortly.
SCCL is at present has not listed its stocks anywhere.
The consolidated financial statements relate to The Singareni Collieries Company Limited and its Subsidiary company
namely, Andhra Pradesh Heavy Machinery & Engineering Limited (APHMEL).
The subsidiary Company is engaged the business of Designing, Manufacturing/ fabricating Heavy Machinery /
Equipment used in Mining Industry viz, Man riding car, Man riding Chair Lift System, Road Headers , Belt Conveyer
Drive Heads etc. And also undertakes services like Erecting and Commissioning, Repair and Overhauling, Machining
and supply of Spare Parts. The head office of the subsidiary is located at Kondapally, Andhra Pradesh.
NOTE 2. SIGNIFICANT ACCOUNTING POLICIES:
2.1 Basis of preparation of financial statements
A) Statement of Compliance
The Consolidated financial statements of the Company are prepared using accrual basis of accounting in
accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting
Standards) Rules 2015, as amended and the relevant provisions of The Companies Act, 2013 and The
Electricity Act, 2003.
B) Basis of Measurement:
The Consolidated financial statements are prepared on historical cost basis of measurement, except for
● Financial Assets and Liabilities measured at fair value (Accounting Policy on financial instruments in para
No.2.2.16);
● Defined benefit plans- plan assets measured at fair value;
● Inventories at Cost or NRV whichever is lower (Accounting Policy in para No. 2.2.5).
● Other claims and revenues (Accounting policy No.2.2.1.E)
● Certain Provisions are measured at fair value ( Accounting Policy No.2.2.7)
C) Functional or presentation currency:
The Consolidated financial statements are presented in Indian rupees, which is the functional currency of the
Company. All financial information presented in Indian rupees has been rounded to the nearest Crore up to two
decimal points.
Notes to the consolidated financial statements for the year ended 31st March, 2023 (Contd...)
D) Use of Estimates and Judgement

The preparation of financial statements in conformity with Ind AS requires management to make judgments,
estimates and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying
assumptions are reviewed on a periodic basis. Revisions to accounting estimates are recognized in the period
in which the estimates are revised and in any future periods affected.
E) Formulation of Accounting Policies:
Accounting policies are formulated in a manner that result in financial statements containing relevant and
reliable information about the transactions, other events and conditions to which they apply. Those policies
need not be applied when the effect of applying them is immaterial.
In the absence of an Ind AS that specifically applies to a transaction, other event or condition, management has
used its judgement in developing and applying an accounting policy that results in information that is:
a) relevant to the economic decision-making needs of users; and
b) reliable in that financial statements:
i) represent faithfully the financial position, financial performance and cash flows of the entity;
ii) reflect the economic substance of transactions, other events and conditions, and not merely the
legal form;
iii) are neutral, i.e. free from bias;
iv) are prudent; and
v) are complete in all material respects on a consistent basis
In making the judgement management refers to, and considers the applicability of, the following sources in
descending order:
a) the requirements in Ind ASs dealing with similar and related issues; and
b) the definitions, recognition criteria and measurement concepts for assets, liabilities, income and expenses
in the Framework.
In making the judgement, management considers the most recent pronouncements of International Accounting
Standards Board and in absence thereof those of the other standard-setting bodies that use a similar conceptual
framework to develop accounting standards, other accounting literature and accepted industry practices, to the
extent that these do not conflict with the sources in above paragraph.
The company operates in the mining sector (a sector where the exploration, evaluation, development production
phases are based on the varied topographical and geo-mining terrain spread over the lease period running
over decades and prone to constant changes), the accounting policies whereof have evolved based on specific
industry practices supported by research committees and approved by the various regulators owing to its
consistent application over the last several decades. In the absence of specific accounting literature, guidance
and standards in certain specific areas which are in the process of evolution. The Company continues to strive
to develop accounting policies in line with the development of accounting literature and any development
therein shall be accounted for prospectively as per the procedure laid down above more particularly in Ind AS 8.
F) Materiality
Management uses judgement of materiality for determining the compliance requirement of the Ind AS.
Management also uses judgment in deciding whether individual items or groups of item are material in the
financial statements. Materiality is judged by reference to the size and nature of the item. The deciding factor
is whether omitting, misstating or obscuring it could reasonably be expected to influence decisions that the
primary users of general purpose financial statements make on the basis of those financial statements, which
provide financial information about the company.
A Transaction is considered material only if it exceeds Rs.50.00 lakh in each case for the purpose of adjustments
for Pre-paid and Prior period items.

2.2 Summary of Accounting Policies:

2.2.1 Revenue recognition
Revenue from Operations is recognised duly adopting the five-step model specified in Ind AS 115 to account for
revenue arising from contracts with customers and requires that revenue be recognized at an amount that reflects
the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a
customer.
The Company exercises judgement, taking into consideration all of the relevant facts and circumstances when
applying each step of the model to contracts with their customers. Further, the Company has adopted Ind AS 115
using the modified retrospective transition method of adoption.
A. Sale of Goods – Coal, Manufactured items:
Sales are recognised when control of the products has been transferred to the customer, being when the
products are delivered to the customer and there is no unfulfilled obligation that could affect the customer’s
acceptance of the products.
Emphasis is also given towards ascertaining the probability of recovery for recognition of the revenue at the
inception of the contract. Revenue from these sales is recognised based on the notified prices, net of the
estimated discounts, rebates, returns and Goods and Service tax.
Revenue is measured at the standalone fair value of the consideration received or receivable (net of accepted
deductions allowed to customers on account of quality of coal) taking into account contractually defined terms
of payment.
The company’s obligation to provide a refund for defects in the products is recognised as a provision. A
receivable is recognised when the goods are delivered as this is the point in time that the consideration is
unconditional because only the passage of time is required before the payment is due.
B. Sale of Electricity
Revenue from Sale of Electricity is recognised in accordance with the terms of Power Purchase Agreement
(PPA) and the principles laid down under the relevant Tariff Regulations / Tariff Orders notified by the Hon.
Telangana State Electricity Regulatory Commission (TSERC). Revenue from sale of Electricity is recognized
over time.
C. Sale of Solar Banked Units:
Revenue from Sale of Solar Banked Units is recognized for the Banked Units taken over by TSTRANSCO as
reduced by applicable Banking Charges, at the Rate / Unit notified by Hon’ble TSERC for the relevant year.
D. Rendering of services:
When the outcome of a transaction involving the rendering of services can be estimated reliably, revenue
associated with the transaction is recognised with reference to the stage of completion of the transaction at the
end of the reporting period.
E. Recognition of Interest income:
Interest income is recognized using the effective interest rate method.
F. System of accounting of certain specific claims/revenues:
a. Penalty for short lifting of coal, on termination of contracts, for delay in supply of material/execution of
contracts and Interest on belated payment of coal dues on realisation. For this purpose, the invocation
of Bank Guarantee is considered as realization.
b. The interest/ Late Payment Surcharge on late payment/ overdue sundry debtors for sale of power is
recognised when no significant uncertainty as to measurability or collectability exists.
c. Escalation in prices and duties for explosives, equipment and spares supplied on payment.
d. Credit towards Powder factor is accounted as and when recovered from the suppliers of Explosives.
e. Additional claims from contractors on Capital Works when claims are settled, other than subsidiary.
f. Scrap sales are accounted for as and when lifted; and
g. Insurance Claims on receipt.
h. Bonus accrued in respect of OBR contracts on receipt of claims from the contractors as per order terms
for encashment.
i. Fly Ash Utilization Reserve Fund :
Proceeds from sale of Fly ash along-with income on investment of such proceeds are transferred to
‘Fly Ash Utilization Reserve Fund’ in pursuance of directives from Ministry of Environment and Forests,
Government of India. The fund is utilized towards expenditure on development of infrastructure / facilities,
promotion & facilitation activities for use of fly ash.
2.2.2 Grants from Government
Government Grants are not recognised until there is reasonable assurance that the company will comply with the
conditions attached to them and that there is reasonable certainty that grants will be received.
Government Grants related to Assets are presented in the Balance Sheet as a deduction from the carrying amount
of the respective asset.
Grants related to Income (i.e. grant related to other than assets) are presented as part of Statement of Profit or Loss.
Government Grants in the form of transfer of Government (assigned) Lands for use are presented at Nominal Value.
2.2.3 Property, Plant and Equipment:
A. Recognition and measurement:
Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses, if
any. Cost includes expenditures directly attributable to the acquisition of the asset and the initial estimate of
the costs of dismantling and removing the item and restoring the site on which it is located. The Company has
elected to apply the optional exemption to use this previous GAAP value as deemed cost as at 1 April 2015, the
date of transition.
The recognition of the Property, plant and equipment is subject to the following principles:
1. Land:
a. Lands are capitalized from the date of taking possession / Award whichever is earlier. Payments
made for Renewal of Leasehold lands are capitalized from the date of payment.
b. Freehold Lands (Patta lands, lands acquired under Land Acquisition Act, 1894, Right to Fair
Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act, 2013
and Govt. Assigned lands) include cost of acquisition, Compensation, rehabilitation expenses,
resettlement cost and interest upto the date of taking possession.
c. Leasehold Lands (Forest lands) include cost of compensatory land, NPV, afforestation and
deforestation expenditure with regard to acquisition of forest land.

2. Railway sidings:
Complete track renewals and sleeper renewals on Railway Sidings are capitalised on completion of the work.
3. Plant & Equipment:
a. Following items are classified as Capital;
i) PVC Armoured Cables of all sizes; and
ii) G.I. Pipes of 2” Dia and above.
b. Expenditure on Rehabilitation of HEMM and other Major Plant and Machinery is treated as Capital
expenditure if such expenditure increases the future benefit from the Asset beyond its previously
assessed standard of performance.
c. Equipment received for Projects under construction/ Mines under development but not installed and
commissioned by the end of the year is shown as Capital Works-in-Progress.
B. Depreciation:
i) Depreciation on other Property, Plant and Equipment is provided on written down value method on the
assets capitalised before 01.04.1985.
ii) Depreciation on property, plant and equipment, except freehold land, is provided as per cost model on
straight line basis over the estimated useful lives of the asset as follows as per the Schedule II of the
Companies Act, 2013.
iii) In case of Thermal Power Plant related Assets, the rates of depreciation as stipulated by CERC are
adopted. However, certain Assets whose life is expected to be less than the CERC specified lives, the
lower lives are adopted for depreciation of such Assets.
iv) Machinery Spares which can be used only as a significant part of an item of Property, Plant & Equipment
and whose use is expected to be irregular are capitalised and depreciated over the useful life of the
spares.
v) The estimated useful lives of the Assets are reviewed at the end of each financial year.
vi) In some cases based on technical evaluation, the management believes that the useful lives given below
best represents the period over which the management expects to use the asset. Hence the useful lives
of the below mentioned assets are lower than the useful lives prescribed under Part C of schedule II of
companies act, 2013:
 LHDs 7 Years
 Jumbo Drills at CDF Panel 7.5 Years
 SDLs 4 Years
 Self Contained Self Rescuers 10 Years
 35T Dumpers 6 Years
 Hydraulic Shovels upto 5 CU.M 7 Years
 Blast Hole Drills <160mm 7 Years
 Coal Tubs 1 Year
 Winding Ropes 1 Year
 Safety Lamps 1 Year
 Stowing Pipes 1 Year

 Assets whose actual cost does not exceed Rs.5,000/- 1 Year
vii) Value of leasehold lands is amortised over a period of 10 years or over the lease period whichever is
lower:
- from the date possession in case of fresh leases
- from the date of payment in case of renewal of leases.
viii) Freehold Lands used for UG/OC mining Operations are amortized over the Life of the respective Mine/
Project.
ix) Buildings (Factory), Buildings (Others) and Roads used at Mines are depreciated over the useful life
of the respective Mine or the useful lives of the Assets as per Schedule II of the Companies Act, 2013,
whichever is lower.
C) When parts of an item of property, plant and equipment, with a cost that is significant in relation to the total
cost of the item, have different useful lives, they are accounted for as separate items (major components) of
property, plant and equipment. Subsequent expenditure relating to property, plant and equipment is capitalized
only when it is probable that future economic benefits associated with these will flow to the Company and the
cost of the item can be measured reliably. For this purpose spares having a value of Rs.25.00 lakh/unit and
above are considered as Major Spares (i.e. Significant Components) and the same are depreciated over the
estimated useful life of the respective spare.
D) The cost and related accumulated depreciation are eliminated from the financial statements upon sale or
disposition of the asset and the resultant gains or losses are recognized in the statement of profit and loss
2.2.4 Intangible assets
Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized
over their respective estimated useful lives on a straight line basis, from the date that they are available for use.
The estimated useful life of an identifiable intangible asset is based on a number of factors including the effects of
obsolescence, demand, competition and other economic factors (such as the stability of the industry and known
technological advances) and the level of maintenance expenditures required to obtain the expected future cash flows
from the asset.
Cost of ERP software recognized as intangible asset is amortised over a period of 5 years.
Expenditure incurred on any facility, the ownership of which is not vested with the company, but the incurrence
of which is essential in bringing an asset/ projects of the Company to the location and condition necessary to be
capable of operating in the manner intended by the Management, shall be capitalized and amortized over the period
corresponding to the period of deriving economic benefits from such Enabling Assets.
2.2.5 Inventory:
A. Stock of Coal:
i) Wherever variation (+/-) between the volumetrically measured coal stocks (including washery products)
and the book stocks is more than 5%, the volumetrically measured stock balances are adopted.
The quantities of closing stock of Coal thus arrived at are valued after effecting a reduction of 5% to
provide for anticipated storage losses.
ii) Closing stock of coal including stock at washeries, coal-in-wagons, washed coal, is valued at lower of
cost and net realisable value.
Closing stock of washery by products viz., rejects, slurry and fines are valued at net realisable value
(shale and stone at nil value)

Coal stock at STPP is valued at lower of the Cost (being the cost of production of the respective issuing
Mines/CHP as arrived at as per para (iii) below plus transportation costs and taxes) or the Net Realisable
Value (being the Energy charges realisable from Customer).
iii) The cost of production of respective Under Ground (UG) and Open Cast (OC) mines is considered as
cost of coal for the stocks of respective UG and OC mines. The cost of stock at CHP and other stocking
points is arrived by considering the ratio of admittance of coal from UG and OC mines during the year.
The Cost of Production as per the Cost Accounting records is considered as Cost of Production for
valuation of closing Stock of Coal as per Ind AS 2 - Inventories.
iv) Cost of washed coal is calculated at average cost of production of coal as at (iii) above plus washery
charges adjusted to standard yield, and by deducting NRV of by products from the cost thus arrived.
v) The net realisable value of grade-wise coal (including washed coal, rejects, slurry and fines) is arrived at
on the basis of selling price to power utilities and mark up/ cost plus price wherever applicable less re-
handling charges.
B. Stores & Spares
i) Stores & Spares (including loose tools) and Medicines (including surgical and other hospital items) are
valued at Weighted Average cost.
ii) Suitable Provision for slow, non-moving and obsolescence is provided on review of stores and spares
on annual basis considering the general time frame of 3 years and 5 years for classifying the Stores and
Spares held for use in Mining Operations and Thermal Power Plant Operations, respectively.
C. Other Inventories
Stock of provisions, stationery and sand are not valued and are charged directly to consumption on receipt.
2.2.6 Borrowing costs
Borrowings costs directly attributable to acquisition or construction of an asset that necessarily takes a substantial
period of time to get ready for its intended use are capitalised as part of the cost of the asset. All other borrowing costs
are expensed in the period in which it occurs.
2.2.7 Mine Closure, Site Restoration and Decommissioning Obligations:
A. Mine closure Plan:
i) The company’s obligation for land reclamation and decommissioning of structures consists of spending at
both surface and underground mines in accordance with the guidelines from Ministry of Coal, Government
of India.
ii) The company estimates its obligation for Mine Closure, Site Restoration and Decommissioning based
upon detailed calculation and technical assessment of the amount and timing of the future cash spending
to perform the required work. Mine Closure expenditure is provided as per approved Mine Closure
Plan.
iii) The estimates of expenses are escalated for inflation, and then discounted at a discount rate that
reflects the current market assessment of the time value of money and the risks, such that the amount of
provision reflects the present value of the expenditures expected to be required to settle the obligation.
The company records a corresponding asset associated with the liability for final reclamation and mine
closure. The obligation and corresponding assets are recognised in the period in which the liability is
incurred. The asset representing the total site restoration cost as per mine closure plan is recognised as
a separate item in PPE and amortised over the balance project/mine life.
iv) The value of the provision is progressively increased over time as the effect of discounting unwinds;
creating an expense recognised as financial expenses.
v) Further, a specific escrow fund account is maintained for this purpose as per the approved mine closure
plan.
vi) The progressive mine closure expenses incurred on year to year basis forming part of the total mine
closure obligation is initially recognised as receivable from escrow account and thereafter adjusted with
the obligation in the year in which the amount is withdrawn after the concurrence of the certifying Agency.
vii) Specific realistic estimation of final mine closure obligation in respect of Mines having balance lives of 5
years or less is made every year by Technical department.
B. Backfilling of Overburden/Water Body Maintenance:
i) In order to comply with the Ministry of Environment & Forest’s stipulation regarding reducing the depth
of the final void of certain opencast mines to 30/35/45 meters from surface, re-handling/dumping over
burden (OB) is to be carried out to reduce the final void as per the MOEF stipulation. The reduction of the
final void can be done either (i) by re-handling the Overburden of the external/ internal dumps or (ii) by
dumping the OB produced from the adjacent/relay projects.
ii) Re-handling of Overburden of the external/internal dumps incurs additional cost which is provided for
.The cost of dumping from the adjacent / relay project is considered as the cost of Overburden removal
of the adjacent/relay project.
iii) The estimation of quantity of Overburden (OB) required to backfill the final void is made by in-house
technical estimation by professionals in Mining, Project Planning Environment fields. Total cost of
Backfilling required is estimated, based on the total quantity to be backfilled in cubic metres at the end of
mine life, at the SCCL weighted average rate of OB Removal (excluding the cost of blasting) outsourced
operations.
iv) Specific realistic estimation of backfilling obligation in respect of OC Mines having balance life of 3 years
or less is made every year by the Technical department.
v) In respect of OC Mines for which the Company proposed to maintain the Final voids as Water bodies,
approval is accorded by MoEF with a condition to provide adequate engineering interventions for
sustenance of aquatic life in case the depth of the final void exceeds 40m.
vi) The Engineering interventions and other required activities incur additional expenditure which is provided
for.
vii) Estimation of cost per Hectare of Final void based on the final void area (Ha), necessary engineering
interventions and other required activities is made by in-house technical professionals in Mining, Project
Planning and Environment fields.
viii) The estimation of Liability and corresponding recognition of Asset, discounting of liability and depreciation
of asset and unwinding of liability etc, shall be as per the procedure mentioned at accounting policy no
2.2.7.A.(iii) and (iv).
2.2.8 Exploration and Evaluation assets
Exploration expenditure relates to the initial search for deposits with economic potential. Expenditure on exploration
activity is treated as revenue expenditure.
Evaluation expenditure relates to a detailed assessment of deposits or other projects that have been identified as
having economic potential. Capitalisation of evaluation expenditure commences when there is a high degree of
confidence that the Company will determine that a project is commercially viable, that is the project will provide a
satisfactory return relative to its perceived risks, and therefore it is considered probable that future economic benefits
will flow to the Company.

2.2.9 Development Expenditure

A) When proved reserves are determined and development of mines/project is sanctioned, cost is recognised
as assets under construction and disclosed as a component of capital work in progress under the head
“Development”. All subsequent development expenditure is also capitalised. Drilling done for projects under
construction which is capitalised with the project cost under development at average normal cost per metre.
B) The Projects/Mines under development are brought to Revenue, earlier of
i) Either from the month following;
a) The achievement of 25% of the rated production, or
b) Completion of two years after touching the coal
OR
ii) from the beginning of the year, wherein the value of production at the monthly selling price of the Mine is
more than the total related expenses of such developed project/ mine.
C) Expenditure incurred on Projects under Construction/Mines under Development is capitalised till such Projects/
Mines are brought to revenue. In case of Long wall / Blasting Gallery (BG) technology Projects, the expenditure
is capitalised up to the date of commissioning of the equipment.
D) Overheads specifically incurred for the projects under construction were capitalised.
E) Sale value of coal produced by Projects/Mines under construction is credited to Development Account at the
Monthly Selling Price for the Mine.
F) Residual Development Expenditure on Mines taken-up for reconstruction is treated as Development Expenditure
of New Reconstruction Projects.
G) On being brought to revenue, the assets under capital work in progress are reclassified as a component of
property, plant and equipment under the nomenclature “Other Mining Infrastructure”. Other Mining Infrastructure
are amortised over the Projects Life as estimated in the FR/latest life, not exceeding 10 years.
2.2.10 Over Burden Removal (OBR) - Stripping Cost
i) Expenditure on Overburden Removal (Stripping Cost) is charged at Stripping Ratio of the Open Cast projects
irrespective of the Ratio of Actual Removal during the year. Expenditure on OB Removal is booked in the natural
heads. The variance between actual OB Removal expenditure and OB Removal charge as per Stripping Ratio
is shown as OB Removal adjustment account. Interest, Depreciation and Overheads on OB Removal are
treated as period cost and not considered for arriving at OB Removal charge.
ii) The company reviews the Stripping Ratios of all the operating Open Cast Projects with revenue workings once
in three years. In case significant deviation occurs in mining & geological structure, reorganisation and closure
of mines, such review is taken up on occurrence.
iii) Provision for future Overburden Removal is restated at current year cost and difference is taken to profit and
loss account. Advance Action for Overburden removal is valued at weighted average cost.
2.2.11 Investment in Subsidiaries and Joint Ventures:
Investments in subsidiaries and joint ventures are measured at cost.
2.2.12 Foreign Currency Transactions:
i) Monetary items related to Foreign currency transactions remaining unsettled at the end of the year are reported
at the exchange rate at the Balance Sheet date.
ii) Profit or Loss on account of exchange differences either on settlement or on restatement is recognised in the
Profit and Loss Account.
iii) Foreign currency gains and losses are reported on a net basis.
2.2.13 Income tax

Income tax comprises current and deferred tax. Income tax expense is recognized in the statement of profit and loss
except to the extent it relates to items directly recognized in equity or in other comprehensive income.
A. Current income tax
Current income tax for the current and prior periods are measured at the amount expected to be recovered from
or paid to the taxation authorities based on the taxable income for the period. The tax rates and tax laws used
to compute the current tax amount are those that are enacted or substantively enacted by the reporting date
and applicable for the period.
The Company offsets current tax assets and current tax liabilities, where it has a legally enforceable right to set
off the recognized amounts and where it intends either to settle on a net basis or to realize the asset and liability
simultaneously.
B. Deferred income tax
Deferred income tax is recognized using the balance sheet approach. Deferred income tax assets and liabilities
are recognized for deductible and taxable temporary differences arising between the tax base of assets and
liabilities and their carrying amount in financial statements.
Deferred income tax asset are recognized to the extent that it is probable that taxable profit will be available
against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax
losses can be utilized.
Deferred income tax liabilities are recognized for all taxable temporary differences. The carrying amount of
deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer
probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be
utilized.
Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply in the period
when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted
or substantively enacted at the reporting date.
2.2.14 Employee Benefits
A. Short-term Benefits
All short term employee benefits are recognized in the period in which they are incurred.
B. Post-employment benefits and other long term employee benefits:
I. Defined contribution plans:
Employer’s contribution under Coal Mines Provident Fund Act and Executives Superannuation, Pension
Benefits are defined Contribution Plans and the expenditure/ provision on the above is charged to
statement of Profit & Loss.
II. Defined benefits plans:
a) Gratuity: Gratuity is a defined benefit scheme. The cost of providing benefits is determined using
the projected unit credit method, with actuarial valuations being carried out at each balance sheet
date. The retirement benefit obligations recognised in the Balance Sheet represents the present
value of the defined benefit obligations as reduced by the fair value of scheme assets.
b) Leave encashment (Vesting) and Post Superannuation Medical Benefit to Executives and Non
Executives are provided based on actuarial valuation carried out at each balance sheet date.

c) Re-measurement of the net defined benefit liability, which comprise actuarial gain and losses
considering the return on plan assets (excluding interest) and the effects of the assets ceiling (if
any, excluding interest) are recognised immediately in the other comprehensive income in case of
post-employment defined benefit plans. Net interest expense and other expenses related to defined
benefit plans are recognised in profit and loss.
d) When the benefits of the plan are improved, the portion of the increased benefit relating to past
service by employees is recognised as expense immediately in the statement of profit and loss.
e) Other employee benefits: Certain employee benefits viz. Settling Allowance, LTC / LLTC ,
non-vesting Leave entitlements(after considering Non-Availment Factor) and Monthly Monetary
Compensation to dependants of deceased in mine accidents/ medical unfit/ Low Productive
Employees are also recognised on the same basis as described above for defined benefit plans.
f) Voluntary retirement compensation is expensed in the year of incurrence.
2.2.15 Provisions and Contingent Liabilities:
Provisions are recognized when the company has a present obligation (legal or constructive) as a result of a past
event, and it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable
estimate of the amount of the obligation can be made.
Where the time value of money is material, provisions are stated at the present value of the expenditure expected to
settle the obligation. All provisions are reviewed at each balance sheet date and adjusted to reflect the current best
estimate. The discount rate is a pre-tax rate that reflects current market assessments of the time value of money and
risk specific to the liability.
Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated
reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic benefits is
remote. Possible obligations, whose existence will only be confirmed by the occurrence or non-occurrence of one or
more future uncertain events not wholly within the control of the company, are also disclosed as contingent liabilities
unless the probability of outflow of economic benefits is remote.
2.2.16 Financial Instruments:
A) Classification:
The classification of financial instruments depends on the objective of the business model for which it is held.
Management determines the classification of its financial instruments at initial recognition.
B) Initial Measurement:
All financial instruments are recognized initially at fair value. Transaction costs that are attributable to the
acquisition of the financial asset/liability (other than financial assets recorded at fair value through profit or loss)
are included in the fair value of the financial assets/liabilities. While, loans and borrowings and payable are
recognized net of directly attributable transactions costs.
C) Subsequent Measurement:
For the purpose of subsequent measurement, financial instruments of the Company are classified in the
following categories: non-derivative financial assets comprising amortized cost; non derivative financial
liabilities at amortized cost and equity instruments at fair value through Profit and Loss account (FVTPL).
Financial instruments at Fair Value represent Investments in Mutual Funds classified as Current Investments.
a) Non-derivative financial assets:

Financial assets at amortized cost
A financial asset shall be measured at amortized cost if both of the following conditions are met:
i) the financial asset is held within a business model whose objective is to hold financial assets in
order to collect contractual cash flows; and
ii) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely
payments of principal and interest on the principal amount outstanding.
They are presented as current assets, except for those maturing later than 12 months after the reporting
date which are presented as non-current assets. Financial assets are measured initially at fair value plus
transaction costs and subsequently carried at amortized cost using the effective interest method, less any
impairment losses.
Financial Assets at amortized cost are represented by security deposits, cash and cash equivalents,
Trade receivables & similar nature and eligible current and non-current assets.
Non Current assets comprises investments in debentures or bonds quoted, fully paid up, which are
carried at amortized cost.
b) Non-derivative financial liabilities at amortized cost
Financial liabilities at amortized cost represented by trade and other payables are initially recognized at
fair value, and subsequently carried at amortized cost using the effective interest method.
2.2.17 Impairment:
Impairment of Assets (Non-financial assets)
The company assesses at the end of each reporting period whether there is any indication that an asset may be
impaired. If any such indication exists, the company estimates the recoverable amount of the asset. An asset’s
recoverable amount is the higher of the asset’s or cash-generating unit’s value in use and its fair value less costs of
disposal, and is determined for an individual asset, unless the asset does not generate cash inflows that are largely
independent of those from other assets or groups of assets, in which case the recoverable amount is determined
for the cash-generating unit to which the asset belongs. Company considers individual mines as separate cash
generating units for the purpose of test of impairment.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the
asset is reduced to its recoverable amount and the impairment loss is recognized in the Statement of Profit and Loss.
Impairment of financial assets (other than fair value)
In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for measurement and
recognition of impairment loss. The Company follows ‘simplified approach’ for recognition of impairment loss
allowance on trade receivable.
The application of simplified approach does not require the Company to track changes in credit risk. Rather, it
recognises impairment loss allowance based on lifetime ECLs at each reporting date, right from its initial recognition.
For recognition of impairment loss on other financial assets and risk exposure, the Company determines that
whether there has been a significant increase in the credit risk since initial recognition. If credit risk has not increased
significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has increased significantly,
lifetime ECL is used. If in subsequent period, credit quality of the instrument improves such that there is no longer
a significant increase in credit risk since initial recognition, then the entity reverts to recognising impairment loss
allowance based on 12 month ECL.

Lifetime ECLs are the expected credit losses resulting from all possible default events over the expected life of a
financial instrument. The 12 month ECL is a portion of the lifetime ECL which results from default events that are
possible within 12 months after the reporting date. ECL is the difference between all contractual cash flows that are
due to the Company in accordance with the contract and all the cash flows that the entity expects to receive (i.e. all
shortfalls), discounted at the original EIR. When estimating the cash flows, an entity is required to consider:
i) All contractual terms of the financial instrument (including prepayment, extension etc.) over the expected
life of the financial instrument. However, in rare cases when the expected life of the financial instrument
cannot be estimated reliably, then the entity is required to use the remaining contractual term of the
financial instrument.
ii) Cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual
terms.
ECL impairment loss allowance (or reversal) recognised during the period is recognised as income/expense in the
statement of profit and loss. The balance sheet presentation for various financial instruments is described below:
Financial assets measured at amortised cost, contractual revenue receivable: ECL is presented as an allowance, i.e.
as an integral part of the measurement of those assets in the balance sheet. The allowance reduces the- net carrying
amount. Until the asset meets write off criteria, the Company does not reduce impairment allowance from the gross
carrying amount.
2.2.18 Leases:
The Company evaluates at the inception of a contract, whether the contract is, or contains, a lease, if the contract
conveys the right to control the use of an identified Asset(after performing Substitutability test as described in para
B14 to B19 of the Ind AS 116).The Company shall account for each lease component within contract as a lease
separately from non-lease components from the contract and allocate the consideration in the contract to each lease
component on the basis of relative standalone price of such lease component.
Identification of a lease requires significant judgment. The Company determines the lease term as the non-cancellable
period of a lease together with the periods covered by an option to extend the lease if the Company is reasonably
certain to exercise that option.
In the absence of the interest rates implicit in the Contracts, the Company adopts incremental borrowing rate as the
discount rate.
Lease liability is initially recognised and measured at an amount equal to the present value of lease payments to be
made during the lease term and corresponding amount is recognised as Right of Use Asset which is measured at
cost.
The lease liability is measured in subsequent periods using the effective interest rate method. The right-of-use asset
is depreciated over the lease term on straightline basis.
The amounts payable in respect of Low Value leases up to Rs.2.00 lakhs/P.M per Identified Asset and the Short term
leases of 12 months or less are fully charged off as expenses of the period.
The Company had adopted Option II of the Modified Retrospective Approach permitted under Clause no C.5(b) read
with C7 and C8 of the Appendix C of the Accounting Standard. Accordingly, the Lease Liability and corresponding
Right of Use Assets are initially recognized at the present value of the future Lease payments outstanding as on
01.04.2019.
2.2.19 Investment Property:

Property (land or building or part of building or both) held to earn rentals or for capital appreciation or both, rather than
for, use in the production or supply of goods or services or for administrative purposes, or sale in the ordinary course
of businesses are classified as Investment Property.
Investment property is measured initially at cost, including related transaction costs and where applicable borrowing
costs.
Investment properties are depreciated using the straight line method over the estimated useful lives as per the
schedule II of the Companies Act, 2013.
Properties earning rental Income of less than Rs.50,000/P.M and having with a lease period of 12 months or less are
not considered as Investment Property.
2.2.20 Earnings per share:
Basic and diluted earnings per share are computed by dividing the net profit after tax before considering other
comprehensive income by the weighted average number of equity shares outstanding during the period.
2.2.21 Material Prior Period Errors, Effect of change in the Accounting Policies:
Material prior period errors are corrected retrospectively by restating the comparative amounts of the prior period(s)
presented in which the error occurred. If the error occurred before the earliest period presented, the opening balances
of assets, liabilities and equity for the earliest period presented, are restated.
The changes to the accounting policies are done retrospectively and the application of such change is limited to
the earliest period practicable by adjusting the opening balance of each affected component of equity and other
comparative amounts disclosed for each prior period presented as if the new Accounting Policy had always been
applied.
2.2.22 Provision for Warranties:
The subsidiary Company provides warranty cost at 1% of the revenue progressively as and when it recognizes the
revenue and maintain the same through the warranty period.
Eco - friendly CHP (10 MT capacity) commissioned at JVR OC mines, Sathupalli

Notes to the consolidated financial statements for the year ended 31st March, 2023 (contd...)
290
NOTE 3: PROPERTY, PLANT AND EQUIPMENT: (Rs. in Crore)
Land
Other
Freehold Freehold Lease Build- Build- Plant & Furni- Office Reclama-
Railway Mining
Particulars Lands- Lands- hold ings ings Roads Equip- ture & Vehicles Equip- tion / site Total
Sidings Infra-
Mining Others Lands Factory Others ment Fixtures ment Restora-
structure
tion Costs
As at 1st April 2021 1,985.84 133.84 884.72 791.66 1,098.53 293.92 247.28 13,958.48 25.66 60.75 14.74 5,872.90 1,905.93 27,274.25
Adjustments for Restatements - - - - - - - (24.44) - - 24.44 8.07 - 8.07
st
As at 1 April 2021 (Restated) 1,985.84 133.84 884.72 791.66 1,098.53 293.92 247.28 13,934.04 25.66 60.75 39.18 5,880.97 1,905.93 27,282.32
Additions (Restated) 314.08 12.00 33.95 37.38 87.34 48.51 4.68 696.99 1.45 1.21 3.27 3,412.95 214.08 4,867.90
st
As at 31 March 2022 2,298.32 145.84 918.67 827.90 1,185.63 342.40 251.96 14,282.19 26.88 60.92 42.17 9,293.92 2,114.38 31,791.19
Additions 191.64 7.30 43.37 271.12 222.95 34.14 88.01 488.71 2.65 2.29 10.66 3,003.27 318.91 4,685.02
As at 31st March 2023 2,489.82 153.14 962.04 1,093.43 1,402.25 356.30 339.97 14,531.65 29.36 60.23 51.28 12,181.41 2,433.12 36,084.01

As at 1st April 2021 632.23 1.06 594.00 179.42 329.63 201.89 60.52 5,965.39 14.16 35.20 8.54 3,523.92 1,213.14 12,759.09
Adjustments for Restatements - - - - - - - (14.88) - - 14.88 - - -
As at 1st April 2021 (Restated) 632.23 1.06 594.00 179.42 329.63 201.89 60.52 5,950.51 14.16 35.20 23.42 3,523.92 1,213.14 12,759.09
Charge for the year (Restated) 93.00 - 56.90 31.96 27.70 33.36 13.40 910.52 1.80 5.28 4.53 320.00 126.91 1,625.35
st
As at 31 March 2022 724.46 1.06 650.90 210.71 357.17 235.22 73.92 6,513.34 15.73 39.49 27.67 3,843.92 1,334.68 14,028.26
Charge for the year 107.19 - 53.74 43.61 28.94 27.73 19.44 909.65 3.04 5.35 10.54 866.64 158.28 2,234.15
As at 31st March 2023 831.58 1.06 704.64 251.84 376.11 242.75 93.36 7,184.82 18.58 41.86 36.70 4,594.78 1,492.79 15,870.86
Provision for Diminution in Value of
Assets:
31st March 2022 - - - (22.98) (3.73) (2.89) - (0.20) - - - (162.70) (516.61) (709.11)
st
31 March 2023 - - - (43.34) (7.28) (4.98) - (0.10) - - - (115.08) (449.54) (620.32)
As at 31st March 2023 1,658.24 152.08 257.41 798.25 1,018.86 108.56 246.61 7,346.73 10.78 18.37 14.58 7,471.55 490.79 19,592.83
As at 31st March 2022 1,573.86 144.78 267.78 594.21 824.73 104.28 178.04 7,768.65 11.15 21.43 14.50 5,287.30 263.09 17,053.82
NOTE 3: PROPERTY, PLANT AND EQUIPMENT (CONTD...)

3.1 Free hold lands includes Government Assigned lands. The Government assistance in the form of Assigned
Lands is recognized in books as Govt Assigned Lands at nominal value.
3.2 Title deeds of Immovable Properties of the Company:
i) All the lands acquired by the Company are for Mining purposes. The lands acquired by the Company
under the Land Acquisition Act, 1894 or the Right to Fair Compensation and Transparency in Land
Acquisition, Rehabilitation and Resettlement Act, 2013 or Forest Lands acquired under Mining Leases,
do not require Title deeds separately as Registration is exempted by the Provisions of the respective Acts.
The mutation of the land records in favour of the Company by the concerned LAO’s are valid documents.
However, the details of lands held by the Company are not updated in the Dharani Portal of Telangana
State Government in most of the cases. The Company has initiated action for the updation of the land
records in the Dharani Portal and steps are being taken to ensure the reconciliation/ updation of the
records at the earliest.
ii) Further, the Company is in the process of the reconciliation of Land Records with the Land Assets carried
in the Books of Account.
3.3 Land measuring Acres:726, Guntas: 21 1/2 (Previous Year Acres 726, Guntas: 21 1/2) shown under Property,
Plant and Equipment has not been registered in the name of the Company.
3.4 Pending fixation of the market value by the District Collector and finalization of other formalities, Land measuring
Acres 5.00 already handed over to Ramagundam Municipality is included in the Land Assets.
3.5 During the current year the significant spares for a value of Rs.69.21 Crore have been capitalized as components
and depreciation as charged based on the useful lives of spares estimated by the respective Technical Depts
and current year depreciation charged on the same is Rs.20.15 Crore (Refer Note No.31A.1).
3.6 During the year, interest on borrowings of Rs.0.05 Crore is capitalized under Solar Power plant Assets (Previous
Year Rs 4.80 Crore).
3.7 The value of buildings include an amount of Rs.28.31 Crore being the building cess capitalised during the year.
3.8 The Company has not revalued the Property, Plant and Equipment during the current and previous year.
3.9 There are no acquisitions through Business combination or disposals through demergers during the Current
Year and Previous Year.
3.10 No proceedings have been initiated on or are pending against the Company for holding Benami Property
under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) [formerly the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988)] and Rules made thereunder.

NOTE 4: CAPITAL WORK-IN-PROGRESS:

(Rs. in Crore)
Plant & Develop-
Equipment ment
As at 1st April 2021 (Gross) 4.19 141.03 910.27 495.24 1,550.73
Impairment provision as on 1.4.2021 (2.07) (9.70) (11.77)
As at 1 April 2021 (Net of Impairment)
st
4.19 141.03 908.20 485.54 1,538.96
Additions (Restated) 366.30 293.56 490.85 3,633.20 4,783.91
Total 10.46 261.36 694.62 491.71 1,458.15
Provision made during the year - (5.02) (6.77) (97.13) (108.92)
Transfer of Provision to Assets - - - 2.63 2.63
As at 31 March 2022
st
10.46 256.34 687.85 397.21 1,351.86
Additions 350.00 335.34 302.47 3,299.38 4,287.19
Capitalized / Deletions 242.31 528.21 592.32 3385.32 4748.16
As at 31st March 2023 118.15 63.47 398.00 311.27 890.89
Impairment Provision made for the year - - - (1.35) (1.35)
Withdrawal of Provision - - - 57.72 57.72
Transfer of Provision to PPE - - - 3.83 3.83
As at 31 March 2023
st
118.15 63.47 398.00 251.07 830.69
4.1 CWIP includes interest on borrowings from SBI for Solar power plants Rs. 0.03 Crore (Previous Year: Rs.0.01
Crore).
4.2 Out of the proceeds of VGF Grant of Rs.27.37 Crore received against the III Phase of Solar Power Plants,
an amount of Rs.12.28 Crore (PY Rs.10.87 Crore) is reduced /adjusted from the related Capital Expenditure
incurred at these Plants upto the Reporting Date (Refer Note No.24.2 and Note No.39.5.2A.4).
4.3 CAPITAL WORK-IN-PROGRESS AGEING SCHEDULE:


1 year 3 years
Buildings 51.86 8.93 0.19 2.48 63.46
Lands 104.46 11.31 0.44 1.94 118.15
Total 565.39 164.62 63.12 95.42 888.55
(Rs. in Crore)

1 year 3 years
Assets at permanently suspended projects:
Buildings 1.89 1.89
Lands 0.03 0.05 - - 0.08
Other Mining Infrastructure (including New 1.78 17.34 15.49 11.68 46.29
Plant and Equipment 0.01 2.81 2.82
Sub Total 2.24 17.84 17.04 20.74 57.86
Value of CWIP - Projects in Progress 563.15 146.78 46.08 74.68 830.69
Total 563.15 146.78 46.08 74.68 830.69

1 year 3 years
Buildings 196.68 43.85 13.30 7.54 261.37
Lands 6.42 2.49 0.37 1.17 10.45
Total 752.65 459.01 160.21 96.66 1,468.53
Buildings 0.74 0.95 1.69
Assets at permanently suspended projects
Buildings 0.23 3.10 3.33
Sub Total 20.75 18.64 45.15 33.51 118.05
Value of CWIP - Projects in Progress 731.90 440.37 115.06 63.15 1,350.48
Total 731.90 440.37 115.06 63.15 1,350.48

4.4 Capital work-in-progress, for which completion is overdue compared to its original
plan:
To be completed in
Total
Buildings
Cons.of Pavilion Bldg at Prakasam Stadium 0.48 - - - 0.48
Improvement of p/line@shirke qrtrs, 8 Inc 0.24 - - - 0.24
Providing common utilities at MD Qtrs BHP 2.06 - - - 2.06
Asphalt road from IK 1A Inc. to south bunker 0.31 - - - 0.31
Cons of 490 Nos MC type Qtrs STPP JAIPUR 0.50 - - - 0.50
Construction 3 Sheds in W/S 3 Incl KGM 1.94 - - - 1.94
Cons.Filter Bed 8x1.00 Gal @Gouthampur 3.47 - - - 3.47
Construction of Rest Shelter, MNG OC II 0.34 - - - 0.34
Dozer Repair shed, MNG OC II Extn. Proj. 0.52 - - - 0.52
Site Office, MNG OCII Extn.Proj 1.09 - - - 1.09
Const. of indoor substation at KCHP, MNG 0.12 - - - 0.12
Const./Stores shed, offices RG-II OC III Extn 0.12 - - - 0.12
Cons.Dumper maint.shed&other RG-II OC III 8.50 - - - 8.50
Tradesmen rooms, Canteen SRP OC-II EXP 0.45 - - - 0.45
Sub-Total (A) 20.87 - - - 20.87
Plant and Equipment
Prov.Chain linkmesh to Dismantled BC qrts 0.76 - - - 0.76
Sub-Total (B) 0.76 0.76
Railway Siding
Installn of W/Brdg at GSOG siding. 0.28 - - - 0.28
Sub-Total (C) 0.28 0.28
Installation of 1 Online CAAQM Station 0.37 - - - 0.37
Drink water pipe line, MNG OC II Extn.Pr 2.21 - - - 2.21
fencing around vacant lands at BHP area 0.20 - - - 0.20
Diversion of approach road IK OC 0.39 - - - 0.39
Div.of existing BT road to IK1A incl. CD 4.06 - - - 4.06
Road Under bridge @IKOC (Revised Plan) 25.49 - - - 25.49
Widening the road & culverts on the Bund 2.75 - - - 2.75
Sub-Total (D) 35.49 - - - 35.49
Total (A+B+C+D) 57.41 - - - 57.41
Lakhs each.

To be completed in
Total
Buildings
Foundations for FB/Crusher etc. Kistaram OC 0.52 - - - 0.52
Const. of ELSR at Hillock filter bed, MNG 1.83 - - - 1.83
Const. of G.L Bunker at CSP, Manuguru 12.16 - - - 12.16
Const./Stores shed, offices, RG OC.3 2.94 - - - 2.94
Const. of 50000 Gal. Filter Bed, RG OC.3 0.25 - - - 0.25
Const. of Sheds for Oil&Lubricants, RG OC.3 0.20 - - - 0.20
Constn of 994 Nos MD quarters, BHPL 145.24 - - - 145.24
Constn of GLSR 4.75L Gallons at Naspur 1.07 - - - 1.07
BT road from Site office at SRP OC 0.88 - - - 0.88
Const./Dumper maint.shed, RG3 OC 3.48 - - - 3.48
Con of Project Office at Kistaram OC 0.32 - - - 0.32
Const. of 2nd row of water dams, RG OC.I 4.46 - - - 4.46
Site Office at Kistaram OC 0.08 - - - 0.08
Sub-Total (A) 174.17 174.17
Plant and Equipment
Const.&Commissioning of CHP, JVR OC.2 404.83 - - - 404.83
Drivage of 910 Mtrs long tunnel, PVK.5 Inc 6.36 - - - 6.36
Installation of in-motion 120T WB, RG.I 0.28 - - - 0.28
23MW Solar Plant at KGM 2.38 - - - 2.38
Sub-Total (B) 413.85 413.85
Roads
Approach road to project - Kistaram OC 3.03 - - - 3.03
Sub-Total (C) 3.03 3.03
Railway Siding -
Private Siding at JVROC 33.67 - - - 33.67
Sub-Total (D) 33.67 33.67
Development of 2 Nos R&R Centres, RG.2 1.15 - - - 1.15
Const./retai.wall&f.beds/2x500FB, RG OC3 0.93 - - - 0.93
Constn of ETP at CHP OCP-I, RG.3 0.15 - - - 0.15
Sub-Total (E) 2.23 2.23
Total (A+B+C+D+E) 626.95 - - - 626.95
Lakhs each.

4.5 CAPITAL WORK-IN-PROGRESS - COST OVERRUN PROJECTS:


Particulars
Diversion of approach road IK OC & Div.of existing 4.23 5.29 4.46
BT road to IK1A incl. CD
Total 4.23 5.29 4.46

Particulars
Fan House 0.50 1.85 1.54
Construction of Hauler Shed at IK1A 0.15 0.30 0.28
Total 0.65 2.15 1.82
Note: In respect of Assets / Projects forming part of CWIP and for which incurred costs have exceeded when
compared to their original plan, the disclosures have been given in respect of Assets / Projects exceeding
the value of Rs.10 Lakhs each.
NOTE 5A: INVESTMENT PROPERTIES

(Rs. in Crore)
Gross Carrying Amount
As at 1st April 2021 0.05 1.48 1.53
Additions - - -
As at 1 April 2022
st
0.05 1.48 1.53
Additions - 29.97 29.97
As at 31 March 2023
st
0.05 31.45 31.50
As at 1st April 2021 - 0.47 0.47
As at 1st April 2022 - 0.49 0.49
Adjustments/ Deletions - 3.77 3.77
As at 31st March 2023 - 5.30 5.30
As at 31st March 2023 0.05 26.15 26.20
As at 31 March 2022
st
0.05 0.99 1.04
5A.1 Information regarding Income and Expenditure of Investment Properties:

(Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
Rental income derived from investment properties 2.46 1.02
Direct operating expenses (including repairs and maintenance) generating rental 0.10 0.06
income
Income from investment properties before depreciation 2.36 0.96
Less - Depreciation 1.04 0.02
Income from investment properties 1.32 0.94
5A.2 The Fair Value of the above Investment Properties as on 31.03.2023 is Rs.32.86 Crore (Previous Year
Rs.7.67 Crore). The Buildings / Land classified as Investment Property have been constructed/ acquired
for mining operations and let out to the contractors/firms for furtherance of Mining business. Since these
properties are located at remote mining areas, it is not practicable to arrive at Market Value. Hence, the
Municipal valuation adopted for levy of Property Tax / carrying value, as the case may be, is considered
as Fair Value in respect of Buildings and the Market Value of Lands as per the Sub-Registrar Records is
considered as Fair Value in respect of Lands.
5A.3 Undiscounted lease payments to be received on an annual basis for a minimum of each of the first five years
and for the remaining years (Disclosures in the books of Lessor as per Ind AS 116):
(Rs. in Crore)
As at As at
Term
31.03.2023 31.03.2022
Between one and two years 2.47 0.92
Between two and three years 2.40 0.90
Between three and four years 2.33 0.81
Between four and five years 2.33 0.81
Beyond five years 1.54 -
Total minimum lease payments 13.52 4.36
5A.4 The Company has not revalued the Investment Property during the current and the previous years.
NOTE 5B: RIGHT OF USE ASSETS (LEASE)

(Rs. in Crore)
As at 1st April 2021 5.71 30.84 1.12 37.67
Additions 2.35 9.11 0.64 12.10
Adjustments/ Deletions 0.30 3.66 - 3.96
As at 1st April 2022 8.36 43.61 1.76 53.73
Additions 7.23 6.98 1.00 15.21
Adjustments 0.13 - - 0.13
Deletions (4.72) (23.15) (1.12) (28.99)
As at 31st March 2023 11.00 27.44 1.64 40.08


As at 1st April 2021 2.61 19.12 1.12 22.85
As at 1st April 2022 5.21 31.31 1.23 37.75
Adjustments/ Deletions (4.72) (23.15) (1.12) (28.99)
As at 31st March 2023 4.74 19.26 0.85 24.85
As at 31st March 2023 6.26 8.18 0.79 15.23
As at 31st March 2022 3.15 12.30 0.53 15.98
5B.1 The additions to ROU Assets (Lease) for the year 2022-23 includes increase of Rs.0.13 Crore in the Lease
Liability and ROU Assets on account of remeasurement of Lease Liabilities owing to lease modifications (Pre-
vious Year Rs.3.96 Crore). Further, the deletions in FY 2022-23 represents the write off of the original value
and accumulated depreciation in respect of expired lease liabilities.
NOTE 5C: INTANGIBLE ASSETS

(Rs. in Crore)
Particulars Enabling Assets ERP-Software Total
As at 1st April 2021 - 21.36 21.36
Additions during the year 2021-22 - 0.03 0.03
As at 1st April 2022 - 21.39 21.39
Additions during the year 2022-23 408.73 - 408.73
As at 31 March 2023
st
408.73 21.39 430.12
Accumulated Amortization/ Depreciation:
As at 1st April 2021 - 20.56 20.56
Adjustments/(Deletions) - -
As at 1 April 2022
st
- 20.98 20.98
Depreciation Charge for year 2022-23 27.56 0.23 27.79
Adjustments/(Deletions) - - -
As at 31 March 2023
st
27.56 21.21 48.77
As at 31st March 2023 381.17 0.18 381.35
As at 31 March 2022
st
- 0.41 0.41
5C.1 The additions to Enabling Assets presented above represents Railway Siding from BDCR to Sathupalli for an
amount of Rs.364.17 Crore (Net off CCDAC Grant of Rs.188.83 Crore), Road Over Bridge on Khammam -
Devarapalli Road, near Sathupalli for an amount of Rs.44.56 Crore which were commissioned during the year.
5C.2 The Company has not revalued the Intangible Assets during the current and the previous years.
NOTE 5D: INTANGIBLE ASSETS UNDER DEVELOPMENT (ENABLING ASSETS)

(Rs. in Crore)
Railway Siding Bridge at Road Over-bridge

Particulars Total
from STPL to KGM IKOC (KMM-DVPL)

As at 1st April 2021 355.61 11.50 - 367.11
Additions 190.65 10.47 29.93 231.05
Capitalized / Deletions - - - -
As at 1 April 2022
st
546.26 21.97 29.93 598.16
Additions 6.74 3.53 14.63 24.90
Adjustment of Grants (188.83) . . (188.83)
Capitalized / Deletions (364.17) . (44.56) (408.73)
As at 31 March 2023
st
- 25.50 - 25.50
5D.1: Intangible Assets - Under Development (Enabling Assets) - Ageing Schedule

1 year 3 years
Bridge at IKOC 3.53 10.47 0.22 11.28 25.50
Total 3.53 10.47 0.22 11.28 25.50

1 year 3 years
Railway Siding from Sattupalli to KGM 190.66 147.53 165.21 42.86 546.26
Bridge at IKOC 10.47 0.22 11.28 - 21.97
ROB at KM 76/4 of KMM-Devarapal 29.93 - - - 29.93
Total 231.06 147.75 176.49 42.86 598.16

5D.2: Intangible Assets - Under Development (Enabling Assets) completion of which overdue compared
to its Original Plan:
To be completed in
1 year 3 years
Bridge at IKOC 25.50 - - - 25.50
Total 25.50 - - - 25.50

To be completed in
1 year 3 years
Railway Siding from Sattupalli to KGM 546.26 - - - 546.26
Total 546.26 - - - 546.26
5D.3: Intangible Assets Under Development (Enabling Assets)-Cost Overrun Projects

Total - - -

Total - - -
NOTE 6: INVESTMENTS (Rs. in Crore)

1 Non-Current:
(A) Investment in Equity instruments Unquoted,
fully paid-up Shares
(At Amortized Cost)
14,750 Laxmi Porcelains Ltd of Rs.10/- each 0.01 0.01
Less: Provision for Diminution in the value of (0.01) - (0.01) -
Investments
Investments in Co-operative Societies (At
Amortized Cost)
1,86,214 Singareni Collieries Co-operative Central 0.19 0.19
Stores Ltd of Rs.10/- each
Investment in Joint Venture (At Amortized Cost)
4,900 shares of APMDC-SCCL Suliyari Coal Co. - -
Ltd. of Rs.10/- each(Rs.49,000)
Less: Provision for Diminution in the value of - - - -
Investments in JV ( Rs.49,000)
(B) Investments in Bonds - Unquoted, fully paid-up
(At Amortized Cost)
(i) 8,000 - 9.95% TSSPDCL Power Bonds 800.00 800.00
(Series-1/2014) of Rs.10 Lakh each)
(ii) Canara Bank (AT1 - 8.30%) Bonds 2020-21 1,000.00 1,800.00 1,000.00 1,800.00
Series 1 (10,000 units of Rs.10.00 lakhs each)
Total 1,800.19 1,800.19
2 Current:
(A) Investments in Bonds - Unquoted, fully paid-up
(At Amortized Cost)
2,000 - 9.75% APPFC Power Bonds (Series - 1,000.00
2/2012) of Rs.10 Lakh each.
(B) Investment in Mutual Funds - Unquoted - (At
FVTPL)
Investment in Baroda Liquid Fund (19,27,396.216 500.25 -
units @ Rs.2,595.4687 NAV/unit)
Total 500.25 1,000.00

Aggregate of Quoted investments - -
Aggregate of Unquoted investments 2,300.46 2,800.21
Aggregate of Diminution in value provided for 0.02 0.02

6.1 3527 Nos. of TSSPDCL bonds (Series 1/2014) of Rs.10.00 Lakh each have been pledged as security for
obtaining Bank Guarantee of Rs.176.32 Crore for Naini Coal Block. The Bank Guarantee is valid upto
12.10.2023.
6.2 750 Nos of TSSPDCL Bonds (Series-1/2014) were pledged for obtaining Bank Guarantees of Rs.50.00 Crore
for submission to SECI, New Delhi against Viability Gap Funding (VGF) scheme of Solar Power Projects. Out
of these BGs, BG worth Rs.27.00 Crore is valid up to 30.06.2023 (post which it is returned to the Company)
and Balance BG of Rs.23.00 Crore is valid up to 09.10.2023.
6.3 (i) Out of the TSSPDCL Bonds of Rs.800.00 Crore, 17.45% amounting to Rs.139.60 Crore is under dispute
between M/s. APCPDCL and M/s. TSTRANSCO due to issues relating to State bifurcation. The total
Bonds value of Rs 800.00 Crore is carried under the name of M/s TSSPDCL in Demat statement. Further,
M/s TSSPDCL had deducted TDS on the interest payable on the total bonds value of Rs 800.00 Crore.
(ii) However, interest proceeds (net of TDS) are being received by the Company on 82.55% of the Bonds
value only from M/s TSSPDCL and the balance interest is not being received either from M/s. TSSPDCL
or M/s. APCPDCL pending resolution of dispute and the matter is under active persuasion and close
followup by the Company.
(iii) Interest receivable on the 17.45% of the Bonds value in dispute is also recognized as Income in the books
of accounts as TDS was deducted on the same by M/s TSSPDCL. The outstanding interest (net of TDS)
receivable as on 31.03.2023 amounted to Rs.86.29 Crore (Rs.73.79 Crore as on 31.03.2022) against
the disputed bonds. Further, the interest on the remaining bonds of Rs.660.40 Crore (Not in dispute i.e.
82.55%) is also due from M/s. TSSPDCL from 01.04.2020 to 31.03.2023 which amounted to Rs.178.23
Crore (Net of TDS).
(iv) Considering the above, the total outstanding interest (net of TDS) receivable on total bonds value of
Rs.800.00 Crore as on 31.03.2023 amounted to Rs.264.53 Crore (Rs.192.89 Crore as on 31.03.2022).
As these Bonds are backed by the Sovereign Guarantee, the Company expects to realize the outstanding
interest dues in due course and hence no provision for Expected Credit Loss is recognized against the
same.
6.4 Rs.1,000.00 Crore APPFC Power Bonds (Series 2/2012) have matured on 18.07.2022. Out of the matured
Bonds value, Rs.200.00 Crore representing TSPFC share is yet to be received. Correspondence is being
made for realization of balance amount and the same is classified as Other Current Financial Assets (Refer
Note No.8.4).
NOTE 7: LOANS (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
Non-Current (Unsecured, Considered good)
Advances to Staff - -
Total - -
Current (Unsecured, Considered good)
Advances to Staff 41.95 57.00
Total 41.95 57.00
7.1 The Company has not granted any loans to Directors and other related parties during the Current Year and
Previous Year.
NOTE 8: OTHER FINANCIAL ASSETS (Rs. in Crore)

A. Non – Current
Deposit under Mine Closure Plan Scheme (Maturity > 12 1,418.66 1,176.18
Months)
Deposit with LIC (GLBF) 5,965.34 5,231.11
Bank Balances with Scheduled Banks (Maturity > 12 801.29 -
Months)
Total (A) 8,283.99 6,513.31
B. Current
Matured Bonds proceeds receivable 200.00 -
Interest Accrued On Investments - Securities 310.46 263.20
Interest Accrued on Deposits 0.14 0.12
Interest Accrued on Loans & Advances 5.38 4.09
Government Grants Receivable 192.63 52.19
Other Receivables Considered good - Rent, Water, 337.33 172.90
Electricity and recoverables from Contractors etc.
Unbilled Revenue Receivable - STPP - 8.80
Other receivables considered doubtful 15.45 13.40
Less: Provision for bad and doubtful receivables (15.45) - (13.40) -
Total (B) 1,246.68 665.14

8.1. i) Reconciliation of Escrow Account Balance (Rs. in Crore)

Balance in Escrow Account on Opening Date 1,176.18 1,031.53
Add: Deposits made during the Year 208.86 124.43
Add: Interest Credited (Net of TDS) during the year 55.09 59.11
Less: Amount withdrawn/released during the year 21.47 38.89
Balance in Escrow Account on Closing Date 1,418.66 1,176.18
ii) During the current year, an amount of Rs. 21.47 Crore is released by Coal Controller towards 50% of
Progressive Mine closure claims and Interest accrued on MCP escrow deposits (Previous Year Rs.36.79
Crore). (Refer Note No: 22.3). Further, Escrow deposit of Rs.2.10 Crore pertaining to JK OC Mine is
credited by the Banker due to auto maturity of fixed deposits during the year 2021-22. These maturity
proceeds are deposited again into Escrow Account along with interest of Rs.0.18 Crore in FY 2022-23.
8.2. Deposit with LIC(GLBF) represents amount parked in Gratuity Liability Balancing Fund including accrued
interest thereon. The Fund in this Deposit account would be utilised for depositing of contributions to Gratuity
Trust Fund Account (GGT) with LIC and other employee benefits. As per the terms of the Scheme the Company
can withdraw 25% of the opening balance of Deposit every year. Considering the specific nature of this deposit,
the same has been classified and presented as Other Financial Assets (Non-Current).
8.3 Unbilled Revenue Receivable - STPP of Rs.8.80 Crore presented for the previous year above represents the
loan restructuring costs of Rs.77.84 Crore incurred in connection with swapping of Term Loans in FY 2020-21
which are eligible for reimbursement from the TS DISCOMS in due course as reduced by the 2/3 of the savings
in the interest cost on account of swapping of term loans to be passed on to the DISCOMS of Rs.69.04 Crore.
These amounts have been regularized during the current year as per the Mid Term Review Order of Hon’ble
TSERC Dated 23.03.2023 (Refer Note No.26.4 and Note No.31.II.1).
8.4 The Matured Bonds proceeds receivable presented above represents the balance of APPFC Power Bonds
Matured on 18.07.2022 (Series 2/2012) of Rs.200.00 Crore, representing TSPFC share which is yet to be
received and correspondence is being made for realization of this amount. Since these Bonds are backed by
Sovereign Guarantee, the Company expects to realize the balance proceeds also in due course and hence no
provision for Expected Credit Loss is recognized against the same. Further, due to maturity of Interest coupon
period, no interest is recognized on the balance proceeds of Rs.200.00 Crore from the date of the Maturity. In
case any interest is received, the same will be recognized as revenue (Refer Note No.6.4).
8.5 The Govt. Grants receivable (CCDAC and VGF) represents grant receivable from CCDAC towards various
protective and infrastructure related works approved in the Minutes of CCDAC and VGF Grants receivable
against setting up of Solar Plants from M/s.SECI. The second and final instalment of VGF Grant of Rs.27.00
Crore against the Solar Power Plants (Phase-II) received on 12.06.2023 have been recognized as receivable on
Reporting Date and reduced from the corresponding value of the related Assets (Refer Note No.39.5.2A.5).

NOTE 9: DEFERRED TAX ASSETS (NET) (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
(A) Deferred Tax Assets:
Backfilling, Water body & Mine Closure plan 275.97 755.82
Gratuity 627.89 776.08
Other Employee Benefits 683.79 586.25
Overburden Removal 349.38 388.08
Other Provisions 435.28 335.71
Total (A) 2,372.31 2,841.94
(B) Deferred Tax Liabilities:
Fixed Assets- Excess of Net Book value over Written down value as per 996.72 1,011.01
provisions of Income Tax Act
Total (B) 996.72 1,011.01
Deferred Tax Assets (NET) (A-B) 1,375.59 1,830.93
NOTE 10: OTHER NON CURRENT ASSETS (Rs. in Crore)

Capital Advances 713.45 448.91
Deposits under Protest:
Indirect Taxes 185.34 119.62
Direct Taxes 273.53 458.87 261.30 380.92
Total 1172.32 829.83
10.1 Capital Advances represents Rs.449.51 Crore, of Advances paid to LA Authorities / Forest Depts. for acquisition
of Land for which proceedings are in progress (Previous Year Rs.319.22 Crore). The balance amount represents
the Advances paid to Railway/NHAI and other Govt. Depts. etc for execution of various Capital Projects.
10.2 Deposits under protest (Indirect Taxes) represent the deposits made with Commercial Taxes Dept. towards
GST on Forest Permit Fee Rs.65.65 Crore (Previous Year Nil), Customs Rs.0.03 Crore (Previous Year Nil),
Entry Tax of Rs.91.61 Crore (Previous Year Rs.91.61 Crore), Clean Energy Cess of Rs.10.00 Crore (Previous
Year Rs.10.00 Crore), Service Tax on Forest Permit Fee of Rs.15.04 Crore (Previous Year Rs.15.04 Crore),
VAT of Rs.1.43 Crore (Previous Year Rs.1.43 Crore), Central Excise Duty of Rs.0.66 Crore (Previous Year
Rs.0.66 Crore), CST of Rs.0.02 Crore (Previous Year Rs.0.02 Crore) and AP GST Rs.0.77 Crore (Previous
Year Rs.0.77 Crore) under protest against which assessment proceedings are in progress.
10.3 Deposits under protest (Direct Taxes) represent the deposits made with / refunds adjusted by the Income Tax
Dept. against the appeals pending before the CIT(A), ITAT and Hon’ble High Court, proceedings of which are
in progress.

NOTE 11: INVENTORIES (Rs. in Crore)

(i) Stores, Spares and Medicines 556.07 545.96
(ii) Loose Tools 5.20 4.71
(iii) Spares held for Sale 73.20 74.22
Sub-Total (i+ii+iii) 634.47 624.89
Less: Provision for Obsolete, Non-Moving Stores & (90.98) 543.49 (74.72) 550.17
Shortages and damages
(iv) Finished Goods
(a) Coal at Mines/CHPs 1,483.97 865.77
(b) Coal at STPP 65.27 44.69
Sub-Total (iv.a+iv.b) 1,549.24 910.46
Less: Provision for Grade deterioration (1.07) 1,548.17 (4.61) 905.85
(v) Work-in-progress 3.41 1.29
(vi) Stores-In-Transit (SIT) 11.36 9.39
(vii) Stock of Scrap 0.22 0.04
Total 2,106.65 1,466.74
11.1 Inventories of Stores and Spares, Loose Tools/spares held for sale and Medicines are valued at Weighted
Average Cost. The Finished Goods (Coal) are valued at Cost or NRV, whichever is less.
11.2 Finished Goods at Mines/CHPs include Washery Rejects of 1.16 LT identified as non-saleable owing to “NIL”
grade and due to catching of fire at RKP and RGM Washeries. Pending write off of these non-saleable Washery
Rejects, provision towards grade deterioration was recognised for Rs.1.07 Crore in FY 2019-20. (Previous Year
4.99 LT and provision of Rs.4.61 Crore)
11.3 Stock of coal at STPP is valued at the lower of Cost of Production of issuing Mines plus transportation costs
and taxes or Net Realisable Value (Energy charges).
11.4 Finished Goods - Coal at STPP includes 7,645.84 Tonnes of Coal in transit at STPP as on 31.03.2023 valuing
Rs.4.13 Crore. (PY 7,674.24 Tonnes valuing Rs. 3.29 Crore - Restated)
11.5 Out of the above Stock of Coal at Mines & CHPs, 25.19 LTs of Coal is valued at Net Realisable Value for
Rs.805.87 Crore. (PY 11.33 LT valued for Rs.152.57 Crore (Restated)). Out of the Stock at STPP, 0.46 LT stock
of Coal is valued at Net Realisable Value for an amount of Rs.23.39 Crore (PY 0.39 LT valued for Rs.16.48
Crore (Restated)).
11.6 Spares held for sale represents the Spares held for sale to the Outsourcing Contractor at Adriyala Longwall
Project/Continuous Miner at GDK.10 Incline as per the Terms of the Service Contract.
NOTE 12.A: TRADE RECEIVABLES (NON-CURRENT) (Rs. in Crore)

Unsecured, considered good
Power - Thermal 483.74 -
Total 483.74 -
12.A.1 The above represents the installments of Power Dues collectable from TSPCC after 12 months from the
Reporting Date.
12A.2 Trade Receivables Ageing Schedule:

1. As at 31.03.2023: (Rs. in Crore)

(i) Undisputed Trade - - - 483.74 - 483.74
good
Credit risk
Impaired
good
Credit risk
Receivables-Credit
Impaired
Total - - - 483.74 - 483.74
Credit Loss (ECL)
Total - - - 483.74 - 483.74

2. As at 31.03.2022: (Rs. in Crore)

(i) Undisputed Trade - - - - - -
good
Credit risk
Impaired
good
Credit risk
Receivables-Credit
Impaired
Total - - - - - -
Credit Loss (ECL)
Total - - - - - -
NOTE 12B: TRADE RECEIVABLES (CURRENT) (Rs. in Crore)

A. Secured, Considered Good
a) Coal 137.46 170.26
B. Unsecured, considered good
a) Coal 3,037.12 5,277.65
b) Power - Thermal 11,000.87 9,034.99
c) Services 0.58 0.77
d) Banked units - Solar 47.86 29.10
e) Other Goods 5.07 14,091.50 6.93 14,349.44
C. Disputed - considered good
a) Coal - -
b) Power - Thermal 527.69 527.69 127.28 127.28
D. Credit Impaired
a) Coal 95.63 56.39
c) Services 0.39 -
15,014.81 14,864.87
Less: Provision for Expected Credit Loss
a) Coal 95.63 56.39
c) Services 0.39 -
Total 14,756.65 14,646.98
12B.1 Dues from Customers (Coal) Unsecured, Considered Good shown above as on 31.03.2023 have been
reduced by Rs.467.01 Crore towards provision against Variable Consideration payable to customers (i.e.
Grade Variance in respect of disputed samples, sampling results accepted, sampling results awaited etc.)
12B.2 During the year, against the Coal and Power dues, M/s. TSGENCO, M/s. APGENCO and M/s. TSTRANSCO
have issued Bills Receivable for an amount of Rs.5,850.24 Crore, which were discounted with Banks
(SBI/HDFC/IDBI/UBI) (Previous Year Rs.4,104.96 Crore). As per the covenants of the Bills discounting
arrangements, the Company has to indemnify the Bankers in case of dishonour of the Bills of Exchange
by M/s TSGENCO, M/s APGENCO and M/s. TSTRANSCO on the respective due dates. The dues from
Coal/Power Customers presented above are net of the bill discounting proceeds of Rs.3,896.86 Crore in
respect of Bills receivable not matured on the Reporting Date (Previous Year Rs.3,252.33 Crore) (Refer Note
No:39.4.D.1).
12B.3 The Trade receivables - Power presented above are reduced by the provision towards reduction in fixed cost
element of tariff of Rs.183.58 Crore as per the Mid Term Review Order of Hon’ble TSERC covering the period
upto 31.03.2023 (Previous Year NIL).
12B.4 Trade receivables - disputed - considered good includes the bills raised by the Company towards cost of Coal
and MOU premium disputed by TSDISCOMs on which clarificatory petition filed by the Company and petition
filed by TSDISCOMs respectively are pending before Hon’ble TSERC (Refer Note No.26.5 and 26.6).

12B.5: TRADE RECEIVABLES AGEING SCHEDULE:

1. As at 31.03.2023: (Rs. in Crore)

Less More
- 1 year
months years
(i) Undisputed 4,660.27 1,969.37 3,708.63 2,372.55 3.85 1,177.48 336.81 14,228.96
Trade
receivables –
Considered good
(ii) Undisputed - - - - - - - -
Trade
receivables –
Which have
significant
increase in
Credit risk
(iii) Undisputed - 0.55 0.09 - 161.89 - - 162.53
Trade
Receivables –
Credit Impaired
(iv) Disputed Trade 153.96 150.24 103.74 119.75 - - - 527.69
Receivables -
Considered good
(v) Disputed Trade - - - - - - -
Receivables-
Which have
significant
increase in
Credit risk
Receivables-
Credit Impaired
Total 4,814.23 2,120.16 3,812.46 2,492.30 261.37 1,177.48 336.81 15,014.81
Provision for - 0.55 0.09 - 257.52 - - 258.16
Expected Credit
Loss (ECL)
Total 4,814.23 2,119.61 3,812.37 2,492.30 3.85 1,177.48 336.81 14,756.65
Expected Credit - - - - 100% - - 1.72%
Loss (%): on credit
impaired
dues
2. As at 31.03.2022: (Rs. in Crore)

Less More
- 1 year
months years
(i) Undisputed 3,790.78 4,093.20 4,041.84 1,095.43 95.07 1,003.11 383.89 14,503.32
Trade
receivables
– Considered
good
(ii) Undisputed - - - - - - - -
Trade
receivables –
Which have
significant
increase in
Credit risk
(iii) Undisputed - - - - - - - -
Trade
Receivables –
Credit Impaired
(iv) Disputed Trade - 1.03 15.19 0.16 - - - 16.38
Receivables
- Considered
good
(v) Disputed Trade - - - 127.28 - - - 127.28
Receivables-
Which have
significant
increase in
Credit risk
Receivables-
Credit Impaired
Total 3,790.78 4,094.23 4,057.03 1,222.87 312.96 1,003.11 383.89 14,864.87
Provision for - - - - 217.89 - - 217.89
Expected Credit
Loss (ECL)
Total 3,790.78 4,094.23 4,057.03 1,222.87 95.07 1,003.11 383.89 14,646.98
Expected Credit - - - - 100% - - 1.47%
Loss (%): on credit
impaired
dues

NOTE 13: CASH AND CASH EQUIVALENTS (Rs. in Crore)

Cash on hand 0.12 0.30
Balances with Banks:
− In Deposit Account (Maturity < 3 Months) 800.87 29.07
− In Current Accounts 4.32 11.69
− Debit balance in Cash Credit and Overdraft 124.53 929.72 432.08 472.84
accounts
Total 929.84 473.14
NOTE 14: OTHER BANK BALANCES (Rs. in Crore)

Earmarked Balances:
− Unpaid Dividend Accounts 0.01 0.01
− Fixed Deposits (Maturity >3 & < 12 448.32 30.59
Months) including Margin Money Deposits
− Fly Ash Utilisation Reserve Fund Account 41.98 21.53
− Unspent CSR Bank Accounts (Ongoing 37.83 25.69
Projects)
− Deposits - Fly Ash Utilization Proceeds 10.39 -
Total 538.53 77.82
14.1 Balance with Banks includes unclaimed dividend of Rs.91,513.53 (Previous Year Rs. 1,30,312.00)
14.2 Out of the above Fixed Deposits, Fixed deposit for an amount of Rs.13.57 Crore were pledged with SBI,
Commercial Branch-Hyderabad as margin money for obtaining Letter of credit of Rs.5.37 Crore on M/s.TS
TRANSCO for the purpose of synchronisation of Solar Power Plants and Bank Guarantees of Rs.8.20 Crore
to SECI, New Delhi (Rs.4.72 Crore valid up to 09.10.2023 and Rs. 3.48 Crore valid up to 31.12.2023).
14.3 Fly Ash Utilisation Reserve Fund represents the proceeds from Sale of Fly Ash parked in separate Bank
Account for meeting the expenditure on development of infrastructure facilities, promotion and facilitation
activities for use of Fly Ash as per the Accounting policy No: 2.2.1.F(i).
14.4 Securities by way of deposits in the form of fixed deposit receipts etc., received from the Contractors / Suppliers
etc., are kept in the Company’s custody and not accounted for amounted to Rs.45.29 Crore as on 31.03.2023
14.5 Unspent CSR Bank Accounts represents the unspent amounts of the ongoing projects sanctioned in FY 2019-
20, 2020-21 and 2021-22 deposited in separate Bank Account in pursuance of the provisions of Section 135
(6) of the Companies Act, 2013.
NOTE 15: CURRENT TAX ASSETS (NET) (Rs. in Crore)

Advance tax paid Including TDS & TCS 1,357.68 1,494.31
Less: Provision for Income Tax 1,334.82 1,465.68
Total 22.86 28.63
NOTE 16: OTHER CURRENT ASSETS (Rs. in Crore)

(i) Advances Against Purchases, Services & others 262.23 228.23
(ii) Considered Doubtful - Advances against 18.80 14.71
purchases & services
Less: Provision for Bad & Doubtful Advances (18.80) - (14.71) -
(iii) Prepaid Expenses 32.73 17.15
(iv) GST( ITC) Receivable 906.76 801.64
(v) Taxes against Purchases & Others-Doubtful 7.70 -
Less: Provision for Taxes against Purchases & (7.70) - - -
Others-doubtful
(vi) Advance Payment of GST (Cess & TDS) - 40.00
(vii) Advance Payment of Royalty and Forest Permit Fee 617.48 -
(viii) Refunds Due from Tax Authorities 78.61 64.63
Total 1,897.81 1,151.65
16.1 GST (ITC) Receivable represents accumulated ITC Credit. This accumulation is mainly due to inverted duty
structure. As per the present GST Provisions, the accumulated credit can be utilized for payment of Output
Tax only and cannot be claimed as refund.
16.2 Refunds due from Tax Authorities represent refunds of Rs.72.41 Crore claimed from Dept. towards GST
paid on Royalty under RCM (Previous Year Rs. 55.31 Crore) against which the proceedings are in process.
Further, the balance amount of Rs.6.20 Crore represent the Pre-GST Taxes viz. VAT Rs. 2.54 Crore, Excise
Duty and Cess Rs. 3.66 Crore, for which Appeals are pending for disposal (Previous Year Rs.9.32 Crore).
16.3 Royalty of Rs. 612.68 crore and Forest Permit Fee of Rs.4.80 Crore was paid in advance to TS Government
out of the proceeds collected from TSGENCO. This amount is adjusted subsequently against the Coal
dispatches (Previous Year NIL).
NOTE 17: EQUITY SHARE CAPITAL (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
AUTHORIZED
180,00,00,000 Equity Shares of Rs.10/- each (Previous Year - 180,00,00,000 1,800.00 1,800.00
Equity Shares of Rs.10/- each)
ISSUED,SUBSCRIBED AND PAID-UP
173,31,98,119 Equity Shares of Rs.10/- each fully paid up (Previous Year - 1,733.20 1,733.20
173,31,98,119 Equity Shares of Rs.10/- each - fully paid up)
Total 1,733.20 1,733.20
l The Company has only one class of shares i.e. Equity Shares having par value of Rs.10/- each

As at 31.03.2023 (Rs. in Crore)
Changes in Changes
Balance Equity Share Restated in Equity
Balance as at
Particulars as at Capital due to Balance as at Share Capital
31.03.2023
01.04.2022 prior period 01.04.2022 during the
errors current year
Equity Shares 1,733.20 - 1,733.20 - 1,733.20

Changes in Changes
Balance Equity Share Restated in Equity
Balance as at
Particulars as at Capital due to Balance as at Share Capital
31.03.2022
01.04.2021 prior period 01.04.2021 during the
errors current year
Equity Shares 1,733.20 - 1,733.20 - 1,733.20
The details of Shareholders holding More than 5%:

As at 31.03.2023 As at 31.03.2022
Name of the Shareholder
No. of Shares % Held No. of Shares % Held
Hon’ble Governor of Telangana 88,55,99,147 51.096 88,55,99,147 51.096
Hon’ble President of India 84,75,60,000 48.902 84,75,60,000 48.902
17.1: RECONCILIATION OF EQUITY SHARES (Rs. in Crore)
As at 31.03.2023 As at 31.03.2022
Particulars Amount Amount
No. of Shares No. of Shares
(Rs. in Crore) (Rs. in Crore)
Shares outstanding at the beginning of the 1,73,31,98,119 1,733.20 1,73,31,98,119 1,733.20
year
Shares issued during the year - - - -
Shares bought back during the year - - - -
Shares outstanding at the end of the year 1,73,31,98,119 1,733.20 1,73,31,98,119 1,733.20
17.2: DISCLOSURE OF SHARE HOLDING OF PROMOTERS (Rs. in Crore)
As at 31.03.2023 As at 31.03.2022
Name of the % change % change
No. of % of No. of % of
Promoter during the during the
Shares Holding Shares Holding
year year
Hon’ble Governor of 88,55,99,147 51.0962 - 88,55,99,147 51.0962 -
Telangana
Hon’ble President of 84,75,60,000 48.9015 - 84,75,60,000 48.9015 -
India
Total 1,73,31,98,119 99.9977 - 1,73,31,98,119 99.9977 -
NOTE 18A: OTHER EQUITY

(1) Current Year (Rs. in Crore)
Remeasurement
Fly Ash Non con-
General Retained of defined ben-
Particulars Utilisation Total trolling
Reserve Earnings efits plans (Net
Reserve interests
of Tax) - (OCI)
Balance as on 01.04.2022 18.89 1860.40 6683.97 (439.61) 8123.65 8.29
Profit for the Year 2022-23 - - 2598.48 - 2598.48
(net of tax)
Transfer (from)/to Retained - 100.00 (100.00) - -
Earnings
Addition during the year 29.24 - - - 29.24 0.17
Balance as on 31.03.2023 48.13 1960.40 9052.46 (814.87) 10246.12 8.46
(2) Previous Year (Rs. in Crore)

Remeasurement
Fly Ash Non con-
General Retained of defined ben-
Particulars Utilisation Total trolling
Reserve Earnings efits plans (Net
Reserve interests
of Tax) - (OCI)
Balance as on 01.04.2021 8.93 1,760.40 5,585.55 (403.19) 6,951.69 8.45
Adjustments for Prior Period Er- - - (73.41) - (73.41)
rors (net of Deferred Tax)
Adjustments for changes in - - 129.57 - 129.57
Accounting Policies (net of
Deferred Tax)
01.04.2021
(Restated)
(net of tax) (Restated)
(including dividend distribution
tax)
Transfer to/(from) retained - 100.00 (100.00) - -
earnings
Addition during the year 9.96 - - - 9.96 (0.16)
31.03.2022

General Reserve: This is used from time to time to transfer profits from the Retained Earnings for appropriation
purposes.
Fly Ash Utilization Reserve: This represents the proceeds from sale of Fly Ash and interest accrued on the fixed
deposits made out of the proceeds of Fly Ash Sale. This reserve can be used for the development works as per
MoEF guidelines.
Retained Earnings: This represents the accumulated Retained Earnings by the Company over the years. This
reserve can be utilized for payment of dividend and other purposes in accordance with the provisions of the Companies
Act, 2013.
Remeasurement of Defined Benefits Plans (Net of Tax) (OCI): This represents the accumulated change in the
actuarial liabilities of the respective employee defined benefit plans due to changes in the Actuarial assumptions and
experience adjustments net of Taxes.
NOTE 18B. NON CONTROLLING INTEREST (Rs. in Crore)
As at As at
Particulars Additions Deductions
31.03.2022 31.03.2023
Share Capital of M/s APHMEL Ltd 17.27 - - 17.27
(31,88,593 Equity shares - Share capital plus - - -
General Reserve held by minority shareholders)
Capital Profits upto date of acquisition of 81.54% (29.36) - - (29.36)
holding
Cumulative Revenue Profits from date of acquistion 52.43 3.53 - 55.96
till date
Add : Unrealized (Profit) / Loss upto date on Consolidation 4.53 (2.61) - 1.92
Total 44.87 0.92 - 45.79
Less: The SCC Ltd- share @ 81.54% 36.58 0.75 - 37.33
Non Controlling Interest 8.29 0.17 - 8.46
NOTE 19A: BORROWINGS: (NON - CURRENT) (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
Term Loans - From Banks
Secured:
1 From State Bank of India 1,729.77 2,062.30
(Rs 2964.40 Crore Less current maturities of Rs 331.68 Crore and
principle paid Rs 902.95 Crore)
2 From ICICI Bank 594.99 713.99
(Rs 981.73 Crore Less current maturities of Rs 119.00 Crore and principle
paid Rs 267.74 Crore)
3 From Bank of Baroda 45.15 -
(Out of the sanctioned Loan Rs.487.55 Crore, loan drawn is Rs.45.15 Crore)
Total 2,369.91 2,776.29
NOTE 19B: BORROWINGS: (CURRENT) (Rs. in Crore)

I. Secured:
1 Current Maturities of Long-Term Debt
SBI - Term Loan 331.68 331.68
ICICI Bank - Term Loan 119.00 119.00
SBI - Solar Power Plants - 450.68 475.62 926.30
2 Loans payable on demand - from Banks
Cash Credit 4.35 11.45
Working Capital Loans from Banks - 4.35 425.51 436.96
Total 455.03 1,363.26
19A.1 Loan from SBI is secured by Hypothecation of Project Assets by way of first pari-passu charge on both present
and future including Equitable mortgage of Project Land. The outstanding loan amount of Rs 2,061.45 Crore
as on 31.03.2023 is repayable in 24 quarterly instalments of Rs.82.92 Crore each and 1 instalment of Rs
71.37 Crore. Rate of Interest payable on this loan is 8.20% p.a.
19A.2 Loan from ICICI Bank is secured by first pari-passu charge on movable and immovable assets of STPP
(both present and future) along with other lenders. The Outstanding loan amount of Rs. 713.99 Crore as on
31.03.2023 is repayable in 24 quarterly instalments of Rs.29.75 Crore each. Rate of Interest payable on this
loan is 8.63% p.a.
19A.3 During the year, an amount of Rs.487.55 Crore is sanctioned by Bank of Baroda for installation of FGD
system at 2x600 MW Power Plant (STPP). The loan is secured by second charge on the STPP assets (2x600
MW plant). The loan amount is repayable in 48 quarterly instalments of Rs.10.16 Crore each commencing
from 30.09.2024. An amount of Rs.45.16 Crore was drawn during the year. The applicable rate of interest is
1 Year SBI MCLR with annual reset (7.20% as on 31.03.2023).
19B.1 Cash Credit - Secured by first charge in favour of participating banks ranking pari-passu on the Stocks &
Receivables and Other Current Assets.
NOTE 20: TRADE PAYABLES (CURRENT) (Rs. in Crore)

1. Dues to Micro Enterprises and Small Enterprises 11.94 18.35
2. Dues to Others 1,210.76 994.29
Total 1222.70 1012.64

Trade Payables Ageing Schedule:

a) As on 31.03.2023 (Rs. in Crore)

i) MSME 2.34 - - - 1.18 8.42 11.94
ii) Others 120.38 6.15 2.81 3.57 208.32 745.48 1,086.71
iii) Disputed Dues-MSME - - - - - - -
iv) Disputed Dues-Others 1.14 10.18 19.12 79.80 9.49 4.32 124.05
Total 123.86 16.33 21.93 83.37 218.99 758.22 1,222.70
b) As on 31.03.2022 (Rs. in Crore)

i) MSME 1.20 - - - 3.67 13.47 18.34
ii) Others 43.95 6.09 5.95 1.48 377.11 455.77 890.35
iii) Disputed Dues- MSME 0.01 - - - - - 0.01
iv) Disputed Dues-Others 0.87 - 1.01 79.24 22.82 - 103.94
Total 46.03 6.09 6.96 80.72 403.60 469.24 1,012.64
NOTE 21:FINANCIAL LIABILITIES

21.A: LEASE LIABILITIES (Rs. in Crore)
As at As at
Particulars
31.03.2023 31.03.2022
1. Non Current :
Total 4.40 9.39
2. Current:
Total 11.46 7.35
21.B.1 OTHER FINANCIAL LIABILITIES: (NON-CURRENT) (Rs. in Crore)

As at As at
Particulars
31.03.2023 31.03.2022
Deposits from Coal Customers 128.60 177.65
Deposits from Vendors & Others 119.39 126.51
Total 247.99 304.16
21.B.2. OTHER FINANCIAL LIABILITIES: (CURRENT) (Rs. in Crore)

i) Salaries & Wages Payable 249.37 278.10
ii) Creditors for Capital Expenditure 343.64 589.31
iii) Interest accrued but not due on Borrowings 0.01 -
iv) Unclaimed Dividends 0.01 0.01
v) Deposits from Vendors & Other Customers 125.69 112.88
vi) Deposits from Coal customers 14.62 -
vii) Other Payables:
a) Deposits from Others 3.42 3.13
b) Overdraft in Current Account 9.92 0.46
c) Other Liabilities 101.31 114.65 87.01 90.60
Total 847.99 1,070.90
21.B.2.1 Creditors for Capital Expenditure include dues against Capital procurement from Micro Enterprises and
Small Enterprises of Rs.3.54 Crore (Previous Year Rs.6.36 Crore)

1. Non - Current
(a) Provision for Employee Benefits:
Gratuity (to the extent unfunded) 2,924.32 3,312.69
Leave Entitlement (Non-vesting) 191.56 171.43
MMC & LPE 167.44 105.51
- Non-Executives (CPRMS-NE) 637.50 5,004.54 557.99 5,029.20
(b) Others
Overburden Removal Adjustment
Net of Advance Action Rs.648.54 Crore (PY 7,059.58 4,383.57
Rs.530.97 Crore)
Final Void Maintenance (Back Filling) 12,234.80 10,314.03
Final Void Maintenance (Water Body) 5,547.38 4,579.32
Mine Closure (Net of PMCP receivables of Rs. 1,335.59 1,306.71
282.06 Crore (PY Rs.227.28 Crore)
Remedial Action Plan (EC) 80.36 87.81
Provision for CER/PH for expansion of Mines 15.95 26,273.66 - 20,671.44
Total – Non Current 31,278.20 25,700.64


2. Current:
Provision for employee benefits:
Gratuity (unfunded) 1.78 1.82
MMC & LPE 29.79 35.55
Superannuation Benefit 384.79 396.01
- Non-Executives (CPRMS-(NE)) 28.47 45.59 44.59 61.01
Performance Related Pay (Executives) 238.82 201.24
PLB/PLR (Ex-gratia) 315.32 297.53
Corporate Special Incentive 666.74 355.84
Interest Subsidy (HBLRIS) 21.76 21.52
Provision of PRC Arrears (NCWA-XI) 1,566.31 434.42
Other Current Provisions:
Provision for Environment Compensation - NGT 41.34 41.21
Provision for Warranty on Sales 0.37 0.37
Total – Current 3,461.84 1,985.72
22.1 Provision for Overburden Removal (net of Advance Action):
i) In respect of all open cast (OC) Mines in operation, the accounting of Overburden Removal (OBR) is
carried out as per the Accounting Policy No:2.2.10.
ii) During the year, the General Review of Project Stripping Ratios was carried out as per Accounting Policy
No.2.2.10 (ii). Out of the 21 OC Mines, in respect of 7 Mines there is no change in Project Stripping
Ratios. However, in respect of 14 OC Mines, considering the increase/decrease in the Coal and OB
Reserves of the respective OC Mines due to the obvious reasons like shifting of faults, changes in
quantities left over in depillared panels, changes in high wall bench configurations, changes in the seam
thickness / width of the batter and haul roads etc., Stripping Ratios have been revised.
iii) Consequent to the above general review of the Stripping Ratios, there is a decrease in the OBR Charge
by Rs.629.70 Crore (Credit) in respect of 6 OC Mines and there is an increase in the OBR Charge by
Rs.759.14 Crore (Debit) in respect of 8 OC Mines, the overall net Increase in OBR Charge being
Rs.129.44 Crore, with corresponding reduction in the Profit before Tax (PBT) for the current year. The
impact of the general review of the Stripping ratios during the current year is accounted as a change in
the Estimate in the current year as per Ind AS-8.
iv) Further, in respect of IK OCP, BC soil excavated under the external dump outside the quarry area
of 13.99 L.Cum and 15.60 L.Cum during the year 2020-21 & 2021-22 respectively was erroneously
considered for OBR accounting purpose. Hence, the above inclusion of BC removal quantities for OBR
Accounting in previous years is viewed as a material prior period error and corrected retrospectively as
per Ind AS-8 read with Company’s Accounting Policy No.2.2.21. The financial impact of correction of
prior period error is Rs.33.37 Crore which was adjusted against retained earnings / PBT of comparative
period.(Refer Note no: 39.5.9.i)
v) In addition to the above, due to the closure of mining operations at GK OC and Medapalli OC, the
Overburden removal accounting was carried out for the terminal quantities of coal and OB removed in
the current year on actual basis. The opening balance of advance action of Rs.16.63 Crore and Rs.6.15
Crore in respect of GK OC and Medapally OC, respectively have been charged off to the Statement of
Profit & Loss of the current year.
22.2 Provision for Backfilling of Over Burden/Maintenance of Water Body:
a) Position/Status as on 31.03.2022:
Until FY 2021-22, provision for Backfilling of Overburden is being made as per Accounting Policy no.
2.2.7.B. to meet the obligation (pursuant to the stipulations in Environment Clearances) regarding the
reduction of the depth of final void to 30/35/40 metres from the surface as the case may be in respect
of 8 Opencast (OC) Mines. Further, Provision for Water body Maintenance is being made in respect of
7 OC Mines pursuant to the stipulations in Environment Clearances (EC) for maintenance of final void
as water body by providing adequate engineering interventions for sustenance of aquatic life. Other
OC Projects are either on relay concept or no such stipulation is mentioned in the EC of respective
Mines.
b) Changes/Movement during the year 2022-23:
i) During the year, revised EC was approved for RG OC I Expansion Mine stating “the final void
should be preferably as per the approved mine closure plan and in case it exceed 40m, adequate
the relevant condition in Mining plan is “It is proposed fill the void with 194.36 M.cum of OB
removed from the future expansion of the project”. Consequently, the amount of provision
required to meet the obligation towards revised quantity of 194.36 M.Cum instead of earlier
128.40 M.cum is reassessed based on the estimates made by Project Planning Department.
Based on re-assessment, the increase in the value of the obligation towards backfilling over
and above the carrying amount of earlier Provision by Rs 271.93 Crore is provided for by way of
recognizing related Site Restoration Asset as on 01.04.2022.
ii) During the year, revised EC was approved for SRP OC II stating “the final void should
be preferably as per the approved mine closure plan and in case it exceed 40m, adequate
the relevant condition in Mining plan is “The Mining company shall backfill the final void utilizing
OB of sequential mine”. The final void quantity is estimated at 320.85 M.Cum up to depth of 35
m from Surface. Consequently, the amount of provision required to meet the obligation towards
revised quantity of 320.85 M.Cum instead of earlier 168.82 M.cum is reassessed based on the
estimates made by Project Planning Department. Based on re-assessment, the increase in the
value of the obligation towards backfilling over and above the carrying amount of earlier Provision
by Rs 969.77 Crore is provided for by way of recognizing related Site Restoration Asset as on
01.04.2022.
iii) During the year 2022-23, revised EAC minutes of meeting dt.14.03.2023 was received for
Medapally OC with a condition to leave the final void of 258.31 with maximum depth of 220 m
as water body by providing adequate engineering interventions for sustenance of aquatic life.
As the ECs are issued by MoEF as per the minutes of EAC meetings, the amount of provision
required to meet the obligation towards Water body Maintenance as against the earlier obligation
to backfill the final void with Overburden was assessed based on the estimates made by Project
Planning Department. Based on re-assessment, the decrease in the provision for waterbody
requirements by Rs 1285.23 Crore out of which an amount of Rs 97.08 Crore is adjusted against
the carrying amount of site restoration cost asset as on 01.04.2022 and an amount of Rs.1188.15
Crore is withdrawn from Provision and credited to the Statement of Profit and Loss.

iv) In respect of MNG OC, JK-5 OCP and RG OC II Projects, the provision for Backfilling/Water body
maintenance was reviewed by adopting the Revised Mine lives as proposed by Project Planning
Department. Consequent to this, there is a decrease in the provision of Backfilling / Water body
maintenance by Rs 152.87 Crore, out of which an amount of Rs 144.96 Crore is adjusted against
the carrying amount of Site Restoration Asset and the balance amount of Rs.7.91 Crore is
withdrawn from Provision and credited to Statement of Profit and Loss of the Current Year.
v) As per the Accounting Policy 2.2.7 B(iv) of the company, specific realistic assessment of estimated
expenditure for meeting the obligation for Backfilling of final void in respect 3 OC Mines (RG OC
I, JK5 OCP and MNG OCP) which are nearing closure was carried out by the Project Planning
Department. Consequent to this specific reassessment, there is a increase in the provision of
Backfilling by Rs 212.47 Crore, out of which an amount of Rs 220.39 Crore is adjusted against the
carrying amount of Site Restoration Asset and the balance amount of Rs.7.92 Crore is withdrawn
from Provision and transacted in the Statement of Profit and Loss of FY 2022-23.
vi) Reassessment of the Backfilling Obligation as on the Reporting Date i.e. 31.03.2023 for the
Mines not covered under specific assessment as above, the current year’s weighted average
outsourcing OB removal rate excluding the explosive cost element is made. Consequently, on
assessment of Backfilling Obligation, there is an increase in the provision by Rs.1,706.64 Crore
on the Reporting Date which was provided for by way of addition to the related Site Restoration
Assets by the corresponding amount.
22.3 Provision for Mine Closure Plan (MCP):
i) Provision for Mine Closure Plan (MCP) is being recognized as per the Accounting Policy no 2.2.7.A
based on Mine Closure Plans approved by MoC or Company’s Board as per the guidelines of Ministry
of Coal (MoC) dated 7th January 2013.
ii) Provision for Mine Closure Plan is made for 19 OC Mines and 23 UG Mines presently operating against
21 OC Mines and 24 UG Mines owing to the merger of the mines. Further, provision in case of 6 UG
mines and 3 OC mines which are closed is carried in the Balance sheet.
iii) During the year, Mine Closure Plan provision was re-assessed in respect of 7 mines due to adoption of
revised mine lives as proposed by Project Planning Department. Consequent to this, there is an overall
decrease in Mine Closure provision by Rs 13.21 Crore. Out of which, an amount of Rs. 9.65 Crore
is adjusted against the related Site Restoration Asset and the balance provision of Rs 3.56 Crore is
withdrawn and credited to the Statement of Profit and Loss in the current year.
iv) During the year 2022-23, Mine Closure Plan provision was re-assessed in respect of 22 mines
consequent to the revised Escrow agreements entered during the year 2022-23. Consequent to this,
there is an overall increase in Mine Closure Provision by Rs 78.53 Crore. Out of which, an amount of
Rs.78.62 Crore is added to the related Site Restoration Asset and the balance provision of Rs 0.09
v) In pursuance of Accounting policy No.2.2.7 (A) (vii), the obligation towards Final Mine Closure activities
in respect of 15 Mines for which the remaining life is 5 years or below is re-estimated by Project Planning
Department. Consequent to this reassessment, there is a overall decrease in the provision towards
Mine closure obligation of these Mines by Rs.109.63 Crore, out of which an amount of Rs.25.28 Crore
is adjusted against the carrying amount of Site Restoration Asset and the balance provision of Rs 84.35
vi) In pursuance of Accounting policy No.2.2.7 (A) (vi), an amount of Rs.71.87 Crore is recognised as
Receivable against Progressive Mine Closure Expenditure claims in respect of 26 Mines for the year
2022-23, by crediting to the natural heads of expenditure.
vii) Further, as per Ind AS 36 read with Appendix A to Ind AS 16, PPE the increase in the Site Restoration
Assets is tested for impairment of in respect of UG mines incurring continuous losses and an amount
of Rs.8.04 Crore due to changes in the Mine Closure Provision is recognised towards Provision for
Impairment in the current year.
viii) During the year 2022-23, an amount of Rs.263.95 Crore (including Rs.55.09 Crore of interest accrued
net of TDS) was deposited in designated Escrow Accounts. The cumulative Deposit as on 31.03.2023
is Rs.1,418.66 Crore (including accrued interest of Rs.296.57 Crore net of TDS) (Previous year –
Rs.1,176.18 Crore including interest of Rs.241.48 Crore net of TDS).
3131
ix) Against the deposits for MCP held in the Escrow Accounts, an amount of Rs.21.47 Crore was released
by Coal Controller during the year 2022-23 (PY Rs.36.79 Crore). This amount is 50% of the deposited
amounts including interest on Mine closure expenditure claims in respect of 20 Mines for the years from
2013-14 to 2017-18 submitted by the Company.
22.4 Provision for Remediation & Community Resource Augmentation Plans(RP&NCRAP)
i) Upto FY 2021-22 the Company has made provision of Rs.92.50 Crore for implementation of Remediation
Plan and Natural & Community Resource Augmentation Plans (RP & NCRAP) in respect of Projects
falling under violation category. After adjusting the Expenditure incurred up to FY 2021-22 of Rs.4.70
Crore, the balance amount of provision as on 31.03.2022 was Rs.87.81 Crore.
ii) During FY 2022-23, ECs were approved for four Mines by MoEF& CC and EAC/SEAC recommended
ECs for six Mines recommending the activities for Rs.20.65 Crore towards implementation of RP,
CRAP,NCRAP & PH commitments as against the provision made for Rs.26.30 Crore. Accordingly,
excess provision of Rs.5.65 Crore was written back and credited to the Statement of Profit and Loss of
the Current Year. Further, an amount of Rs.8.13 Crore is provided towards implementation of RP, CRAP,
NCRAP & PH commitments in respect of the remaining Mines in Violation Category. The Net increase in
the Provision Rs.2.48 Crore (PY withdrawal of Rs.4.43 Crore) for the year was classified and presented
as an Exceptional Item, as was done in previous year. After setting off of expenditure incurred in FY
2022-23 of Rs.9.93 Crore, the balance amount of provision as on 31.03.2023 was Rs.80.36 Crore.(PY
87.81 Crore)
22.5 Provision for CER/PH commitments for New/Expansion Mines:
i) In case of new/expansion mines, the Company is obtaining Environment Clearances (ECs) as per
the EIA notification,2006 and its subsequent amendments from time to time. MoEF &CC issued O.M.
vide F.No.22-65/2017-IA.III dated 01.05.2018 regarding guidelines for fund allocation in respect of CER
activities in addition to the EIA/EMP cost based on the nature of the project and capital cost for fulfilling
the issues raised in the Public Hearings.
ii) Subsequently, MoEF&CC issued another O.M vide F.No.22-65/2017-IA.III dated 30.09.2020 wherein
it has directed the EAC/SEAC that the Public Hearing commitments to be incorporated as part of the
EMP while according ECs in lieu of CER. Accordingly, the Company is providing CER/Public Hearing
commitment budget along with timelines in the EIA/EMP report and the same is being deliberated and
decided by the EAC/SEAC for granting ECs.
iii) Considering the Constructive obligation for meeting the Commitments given in the Final EMPs submitted
to MoEF for Obtaining ECs, provision towards CER/PH commitments is recognised during the year for
an amount of Rs.15.95 Crore.
22.6 Provision for Environment Compensation – (Hon’ NGT):
i) Provision towards Environment compensation represents, provision made in FY 2021-22 for an amount
of Rs.41.21 crore consequent to the judgement of National Green Tribunal on the cases filed by residents

of Sattupalli regarding the environmental violations, sound pollution, air pollution, water pollution and
cracks on Houses caused by blasting operations carried out by the Company and transportation coal by
road instead of rail in respect of JVR OC II Mine. The case was contested by the Company by way of
filing a civil appeal before Hon’ble Supreme Court. The Hon’ble Supreme Court has advised to deposit
50% of the amount awarded by Hon’ NGT vide it’s order dated 13.03.2023 and accordingly an amount
of Rs.21.61 Crore was deposited with Hon’ NGT on 29.03.2023.
ii) Further during the year, provision was made for an amount of Rs.0.14 Crore towards Environmental
compensation demand issued by TSPCB in pursuance of directions of Hon’ NGT in respect of OA
No.39/2022 (SZ) filed on the alleged environmental violations and damages due to the operation of
Khairagura OCP.
22.7 Provision towards Performance Related Pay (PRP) (Executives):
i) The carrying amount of the provision represents the amounts payable to Executives of the Company as
part of Revised Pay Package which was adopted by Company on par with other Central Public Sector
Units as per 2nd and 3rd PRC in respect of the period from 01.01.2007 upto 31.03.2014 for Rs.67.95
Crore, Rs.53.48 Crore for FY 2021-22 and Rs.117.39 Crore for FY 2022-23.
ii) During the year, payments of PRP for FY 2019-20 for an amount of Rs.79.63 Crore were released. The
remaining surplus provision of Rs.0.18 Crore was withdrawn and credited to the Statement of Profit and
Loss of the current year.
iii) Pending receipt of approval from the Designated Authority, Rs.117.39 Crore is provided for the year 2022-
23 as per the procedure prescribed DPE Guidelines considering Operating Profit for the current year
(i.e. Profit Before Tax after excluding interest earned on Idle Cash, Deposits/Investments). (Previous
Year - Rs.53.48 Crore)
22.8 Contributory Post Retirement Medicare Benefit Scheme (Non Executives):
i) As per the terms of NCWA X wage agreement concluded in the year 2017-18, the Company has to
contribute an amount of Rs.18,000/- per employee who was on roll as on 01.07.2016 or has joined
thereafter to the Contributory Post Retirement Superannuation Medicare Scheme (CRPMS-NE).
ii) Upto FY 2020-21, the company had recognized Provision towards the contributory liability of Rs.18,000/-
only treating the same as a Defined Contribution Plan. However, in pursuance of the C&AG suggestions
and after examining the peer Industry practice, the constructive obligation of the Company in respect of
the designated medical benefit of Rs.8.00 Lakhs / per employee or such lower amount, as the case may
be, as per the Scheme guidelines, in respect of both on roll and not on roll Employees (Card Holders)
is being recognized as ‘Defined Benefit Obligation’ based on the Actuarial Valuation from FY 2021-22
onwards.
22.9 Executives’ Superannuation Benefit Scheme (EDCPS):
i) Owing to non-formulation of the Modalities of the scheme, the Superannuation Benefit contributions
(Executives) have remained payable in the books. Recently, the Company has formulated a scheme
“SCCL Executives Defined Contribution Pension Scheme 2007” and the activities related to the
implementation of the scheme are in progress.
ii) During the year, the remittance of Monthly contributions to EDCPS Fund Manager (LIC) have commenced.
The total amount of contributions payable to the Superannuation Benefit Scheme up to 31.03.2023
amounted to Rs.324.38 Crore (Previous year Rs.324.38 Crore). Out of which, Rs.10.00 Crore was
deposited to Trust Account as initial contribution in FY 2019-20. During the year 2020-21, 2021-22 and
2022-23, the contributions of Rs. 62.47 Crore, Rs.5.51 Crore and Rs.11.03 Crore respectively, relating
to NOR employees (Retirements/Deaths) have been remitted to EDCPS Trust Account or paid to the
nominees of the concerned Ex-executives, as the case may be. The Net contributions outstanding to
be deposited as on 31.03.2023 amounted to Rs.235.38 Crore which was carried as a provision as on

the Reporting Date (Previous year Rs.246.40 Crore).
iii) As there exists constructive obligation to deposit the contributions to the Trust along with interest, the
Company is providing for compensatory interest. Upto FY 2021-22, an amount of Rs.149.63 Crore was
provided for. During the year, considering the procedure adopted by Coal India Limited for remittance of
compensatory interest in pursuance of MoC approval, the Senior Officers Committee has recommended
the modalities to be adopted in the Company for payment of compensatory interest. Considering the
recommendations of the Senior Officers Committee, the compensatory interest payable upto FY 2022-
23 has worked out to Rs.140.91 Crore only and hence, the surplus provision of Rs.8.71 Crore was
withdrawn and credited to the Statement of Profit and Loss for the year 2022-23 (Previous Year Provision
of Rs.21.19 Crore).
22.10 Provision for Pay Revision Arrears (NCWA-XI):
Pay Revision Provision (NCWA XI) represents the provision made towards Pay Revision Arrears against NCWA-XI
applicable from 01.07.2021. The Provision is made for the period from July, 2021 to March, 2023, considering the
fitment benefit of 19% finalized in 10th meeting of JBCCI held on 19.05.2023 and the allowances and other benefits
agreed upon. During the year, an amount of Rs.1,104.86 Crore is provided including topping up of provision made
in FY 2021-22 based on the finalized wage agreement.
22.11 Considering the Pay Revision Agreement concluded by JBCCI on 20.05.2023 which is applicable for
NCWA-XI i.e. from 01.07.2021, the incremental liability on the Actuarial valuation of the various Defined Benefit
obligations as on the Reporting Date i.e. 31.03.2023 have been transacted in the Books of Account of FY 2022-23,
considering the same as an ‘Adjusting Event After the Reporting Date’ as per the provisions of Ind AS-10 (Refer Note
No.30.1 and Note No.38A.1).
22.12 Royalty on Closing Stock of Coal at Mines/CSPs amounting to Rs.207.61 Crore was not transacted in the
Books (Previous year Rs.120.56 Crore) (Restated).
NOTE 23: OTHER NON - CURRENT LIABILITIES (Rs. in Crore)
Deferred Grant - -
Total - -
NOTE 24: OTHER CURRENT LIABILITIES (Rs. in Crore)

Statutory Dues 2,334.74 3,694.34
Advances from Coal Customers 1,519.36 1,482.72
Advances from Others 19.89 31.21
Liability for unspent CSR 69.91 59.81
Deferred Govt Grant (VGF - Solar) 16.09 17.50
Provision towards Other taxes (Entry Tax) 196.51 196.51
Total 4,156.50 5,482.09
24.1 Statutory dues includes Royalty of Rs.NIL (Previous Year Rs.1,755.12 Crore), DMFT of Rs.1,497.72 Crore
(Previous Year Rs.1,008.57 Crore), NMET of Rs.144.97 Crore (Previous Year Rs.97.79 Crore) and Forest
Permit Fee of Rs.NIL (Previous Year Rs.176.51 Crore) remittance of which could not be made due to delay
in realization of dues from customers.

24.2 Deferred Government Grant - Current (VGF - Solar) represents the proceeds of Viability Gap Funding received
from M/s. SECI towards 1st Instalment against the setting up of 3rd Phase of Solar Plants. Out of the total
proceeds of VGF received during the year 2021-22 of Rs.27.37 Crore, after setting of Capital Expenditure
incurred upto 2022-23 of Rs.12.28 Crore (Previous Year of Rs.10.87 Crore), the remaining Proceeds of VGF
Grant of Rs.15.09 Crore (Previous Year Rs.16.50 Crore) have been recognized and presented as ‘Deferred
Government Grants - Current’ which would be netted off against the expenditure to be incurred in due course
(Refer Note No.4.2 & 39.5.2A.4).
24.3 Liability for unspent CSR represents the Unspent amounts against the Ongoing Works sanctioned under CSR
Budget for the Year 2022-23 of Rs.32.61 Crore, 2021-22 of Rs.23.50 Crore and the balance of provision made
in FY 2019-20 & FY 2020-21 of Rs. 10.62 Crore & Rs.3.18 Crore respectively (Previous year Rs.59.81 Crore).
These Unspent amounts of FY 2022-23 of Rs. 32.66 Crore have been deposited in the separate “Unspent
CSR Bank Account 2022-23” opened with SBI, Kothagudem on 29.04.2023. The unspent amounts of CSR
of FY 2021-22 of Rs.23.66 Crore were also carried in the unspent CSR Bank Account 2021-22. Further, the
unspent amounts of CSR of FY 2019-20 & 2020-21 of Rs.14.17 Crore were also carried in the unspent CSR
Bank Account of 2020-21. (Refer Note no 14.5).
24.4 Interest free loan from Government of Andhra Pradesh Rs.1.00 Crore vide G.O.Ms.No.201 dated 21.08.1997
for implementing the Voluntary Retirement scheme as a full and final settlement of the concessions was
given to the Company. The Company has implemented the voluntary retirement scheme in the year 1997
and schedule for repayment of loan was deferred till 2010-11 for revival of the Company vide Lr.No.23600/
IFR/2002-03 dated 13.09.2003. Further request is made to extend schedule for repayment of loan.
NOTE 25: CURRENT TAX LIABILITIES (NET) (Rs. in Crore)

Provision for Income Tax - -
Less: Advance tax paid Including TDS & TCS - -
Total - -
NOTE 26: REVENUE FROM OPERATIONS (Rs. in Crore)

(A) Sale of Coal:
1. Turnover (Gross) 26,515.53 20,986.00
2. Adjustments for Variance Consideration
i) Penalty for Short lifting of Coal 5.04 8.41
ii) Bonus for Supply of Coal 179.23 29.67
iii) Provision for Shale/ Stone & Grade Variance (378.72) (194.45) (48.52) (10.44)
Total (1+2) 26,321.08 20,975.56
Less : Statutory Levies:
i) Royalty 2,107.85 1,786.19
ii) GST Compensation Cess 2,449.23 4,557.08 2,405.61 4,191.80
Total - Sales (Coal) 21,764.00 16,783.76
Less: Transfer to Development - 155.38
Net Sales – Coal (A) 21,764.00 16,628.38
(B) Sale of Power:
i) Thermal (STPP) 4,395.86 3,833.37
ii) Solar Banked Units 19.40 27.71
Net Sales – Power (B) 4,415.26 3,861.08
(C) Income from Services:
Consultancy Services 4.42 4.37
(D) Sale of Other Goods:
Sale of other Goods 15.15 5.88
Total (A+B+C+D) 26,198.83 20,499.71
26.1 The Gross Turnover of Coal presented above is net of Goods and Services Tax (GST).
26.2 The Company has not opted for Regulatory Deferral Accounting given under Ind AS 114 in respect of Thermal
Power Plant Operations as per the option permitted under Ind AS at the time of implementation in FY 2016-
17 which was also the year of commencement of Power Plant Operations. The Company is recognizing
Revenue from Sale of Power as per Ind AS-115 - Revenue from Contracts with Customers.
26.3 The value of coal transfer to STPP for internal Consumption of Rs.2,709.57 Crore is adjusted against
consumption of Raw materials at STPP (PY Rs.2,174.44 Crore-Restated).
26.4 The Company had filed Mid-Term Review (MTR) Petition in respect of the control period 2019-24 on 30.11.2022.
The Hon’ble TSERC issued Order on 23.03.2023 on the Mid-Term Review Petition filed by the Company. In
the MTR order issued by the Hon’ble TSERC, the rightful claims of the Company towards additional capital
cost, capital liability discharged, O&M Expenses, effective Income Tax on the Return on Equity have not been
allowed. The Company is in the process of filing Review Petition before the Hon’ble TSERC seeking review of
rightful claims disallowed.
However, the impact of the Mid Term Review Order is transacted in the Books of Accounts of FY 2022-23 as
per the decision of the Hon’ble TSERC on various elements including admittance of the restructuring cost of
Term Loans of Rs.77.84 Crore. After setting off of the liability towards 2/3rd savings in interest already provided
for in earlier years of Rs 69.04 Crore, additional Revenue of Rs 20.35 Crore is recognized from Sale of Power

covering the period upto FY 2021-22. (Refer Note No.8.3 & 31.II.1).
In addition, the Billed Revenue of FY 2022-23 is also reduced by Rs 64.89 Crore towards reduction in Annual
Fixed Charges. Hence, the net reduction in Revenue on account of Mid Term Review Order transacted in the
Books of Accounts of FY 2022-23 is Rs 44.54 Crore.
26.5 The Billing Disputes Petition filed by the Company before the Hon’ble TSERC on the claims disallowed by
TSPCC upto FY2018-19 was decided by the Hon’ble TSERC vide its Order dated 21.11.2022.The claims
of the Company towards Additional Coal Cost on actual Generation in excess of Scheduled Generation,
Incentive upon that excess generation and water cess and Taxes of Rs 3.28 Crore have been disallowed and
have been written off as Bad debts in FY 2022-23.
Though the Bills for Actual Generation beyond Scheduled Generation is disallowed by Hon’ble TSERC, the
Actual Metered Energy (JMR) is accepted by TSDISCOMS post award of TSERC Order and hence these
claims are considered as realizable dues. Further, the claims for additional coal cost upto scheduled generation
of Rs 119.74 Crore is considered as allowed by the Hon’ble TSERC as per the interpretation of the TSERC
Order by the Company.
However, TSPCC has denied the claim made by the Company as per the interpretation of TSERC Order, stating
that the additional coal cost upto the Scheduled Generation also is disallowed by the Hon’ble TSERC. On this
denial of claim by TSPCC for an amount of Rs 119.74 Crore, a Clarification Petition is filed before the TSERC
on 08.06.2023 and pending the clarification order to be issued by Hon’ble TSERC, the management is of the
view that no provision/ reversal of the revenue is required, as the amounts have been appropriately billed and
also allowed by the TSERC. These dues have been classified and presented as ‘ Trade Receivable(Power) –
Disputed - considered good. (Refer Note No.12.B4)
26.6 Against the sale of power billed to TSDISCOMS during the FY 2021-22 and FY 2022-23, the TSDISCOMS have
filed a petition (OP No. 13 of 2023) on 05.05.2023, requesting the Hon’ble TSERC to direct the Company to
change the coal supply being made to its Thermal Power Plant (STPP) at the notified basic price corresponding
to the coal grade being supplied without any additional charge/ premium, for the period FY 2021-22 to till
the date of operationalization of Naini Coal Block and later to adopt the CERC Input Price determination
methodology. On the petition filed by the TSDISCOMS, Hon’ble TSERC has advised the Company to submit
it’s counter and the same in process. The management is of the view that as the bills of the cost of coal
have been raised appropriately as per the bridge linkage in lieu of Naini Coal Block supplies as per the MOU
Terms and conditions, no provision/ reversal of the Revenue is required. The provisional amount of dispute
involved is Rs 407.93 Crore. These dues have been classified and presented as ‘ Trade Receivable(Power)
– Disputed - considered good. (Refer Note No.12.B4)
26.7 Sale of Solar Banked Units of Rs.19.40 Crore mentioned above represents the value of Banked units taken
over by TSDISCOMs after reducing applicable Banking charges @ Rs.4.501/unit under Long Term Open
Access Agreement (Previous Year Rs.27.71 Crore @ Rs.4.32/unit).
Disaggregated Revenue Information as per Ind AS 115 – “Revenue from Contracts with Customers”:
(Rs. in Crore)
Types of goods or services
− Coal 21,764.00 16,628.38
− Power 4,395.86 3,833.37
− Solar 19.40 27.71
− Others 4.42 4.37
− Other goods 15.15 5.88
Types of Customers for coal
− Power sector 15,619.55 12,227.09
− Non Power Sector 6,144.44 4,401.29
Types of Customers for Power
− Electricity distribution companies 4,415.26 3,861.08
Types of Customers for Services
− Consultancy income 4.42 4.37
Types of Customers for other goods
Types of Contracts of Coal
− Fuel Supply Agreements 20,312.39 15,596.83
− E Auction/E Linkage 1,107.59 766.35
− Others 344.02 265.20
Types of Contract for Power
− Power Purchase Agreement 4,395.86 3,833.37
− Long Term Open Access Agreement 19.40 27.71
Types of Contract for Services
− Others 4.42 4.37
Types of Contract for other goods
Timing of Goods or Services
− Goods transferred at a point in time (Coal) 21,764.00 16,628.38
− Goods transferred over time (Power) 4,395.86 3,833.37
− Goods transferred at a point in time(Other goods & Solar) 34.55 33.59
− Services completed over time (services) 4.42 4.37

NOTE 27: OTHER INCOME (Rs. in Crore)

(a) Interest Income
Interest on Investments (Non-trade) 191.52 260.25
Interest on Term Deposits 76.74 86.84
Interest on Sundry Debtors for Coal, Loans, Advances to others 64.51 48.47
Interest on deposit with LIC(ETB) 449.23 305.53
Interest on Income Tax Refund 0.03 782.03 4.77 705.86
(b) Income from Mutual Funds - Measured at FVTPL 9.88 0.34
(c) Other non-operating Income
Rents 11.11 9.31
Rent from Investment Properties 2.46 1.02
Electricity & Fuel 14.60 13.00
Water Charges 0.80 28.97 0.93 24.26
Sale proceeds of Fly Ash 28.76 9.96
Interest accrued on FD made from fly ash proceeds 0.48 -
Less: Transferred to Fly Ash Reserve (29.24) - (9.96) -
(d) Provisions and Liabilities no longer required written back 1,566.79 546.83
(e) Miscellaneous income
Profit on Sale of Property, Plant and Equipment 1.69 3.05
Sale of Scrap 66.28 48.04
Penalties recovered from Contractors & Vendors 79.75 50.08
Service Charges E-Auction Coal 12.66 10.17
Other Miscellaneous Receipts 11.81 172.19 8.72 120.06
(f) Subsidy from CCDAC for
Protective/Other works etc. 13.34 1.82
Total 2,573.20 1,399.17
27.1 Income from Mutual Funds includes an amount of Rs.0.27 Crore towards Fair Value adjustment as on
31.03.2023 recognised through Statement of Profit and Loss (FVTPL) (PY - NIL).
27.2 Provisions written back include:
i) Withdrawal of Provision for Impairment recognized in the earlier years on Buildings, Roads, Development
expenditure of Rs.104.77 Crore and on Site Restoration Assets (MCP) of Rs.55.65 Crore in respect of
Loss making UG Mines corresponding to the amount of depreciation charged / regularized during the
year.(Refer Note No.31A-2)
ii) Withdrawal of provision for Backfilling at Medipalli OCP for an amount of Rs.1188.15 Crore due to
change in the Site Restoration obligation from Backfilling to waterbody maintenance with adequate
Engineering interventions for sustenance of aquatic life in pursuance of revised EAC Minutes. Further,
Waterbody provision of an amount of Rs.7.91 Crore in respect of MNG OC, is withdrawn consequent
to adoption of revised mine life. (Refer Note No.22.2 (b) (iii) & (iv)).
iii) Withdrawal of provision made for Mine Closure obligation (MCP) of Rs.88.00 Crore consisting of
withdrawal of provision of Rs.3.65 Crore on account of adoption of Revised Mine lives/ Revised Escrow
Agreements and withdrawal of provision of Rs.84.35 Crore on account of specific reassessment of

Final Mine Closure obligation in respect of Mines nearing completion (Refer Note No.22.3 (iii), (iv) &
(v)).
v) Withdrawal of provision made for Impairment of infructuous capital expenditure incurred on the non-
viable Coal Blocks (New Patrapara, Odisha and Penagadapa, Telangana) surrendered to Govt. of India
for an amount of Rs.57.20 Crore consequent to write off of the expenditure not collectable from the
future allottees during the year (Refer Note No.36.3).
v) Withdrawal of provision of Rs.22.65 Crore recognised in earlier years towards Employers’ Contribution
of CMPF on Not Onroll Leave Encashment which is no longer required to be maintained as the issue is
closed at CIL. Further, an amount of Rs.8.71 Crore towards surplus provision towards Compensatory
Interest on the accumulated EDCPS contributions as per the modalities recommended by the Senior
Officers Committee.
vi) Withdrawal of provision made towards grade deterioration of Rs.3.54 Crore in respect of non-saleable
firey Washery Rejects at Manguru Washery, as the Washery Rejects have been disposed off during the
year by blending with higher grade coal (Refer Note No.11.2)
vii) Miscellaneous Credits and Unclaimed amounts taken into Company’s account for Rs.17.36 Crore
(Previous year Rs.16.20 Crore).
27.3 Subsidy receivable against the Revenue protective works of Rs.7.69 Crore is recognised during the year as
per the approved minutes of CCDAC (Previous Year Rs.1.82 Crore). In addition, the capital grants approved
by CCDAC during the year have been set off against corresponding carrying amounts of Assets (WDV) and
the surplus grants of Rs.5.65 Crore, remaining after set off against the carrying amount of the respective
Assets have been transacted in the Statement of Profit & Loss as Revenue Grant.
27.4 As per the accounting policy followed by the Company, interest on belated payment of Coal dues is recog-
nised on realization in view of the uncertainty involved in the ultimate collection as per the Accounting Policy
No.2.2.1 F (a). During the year, interest accrued on the delayed payment of Coal dues from M/s.TSGENCO
of Rs.1232.00 Crore is waived off by the Board of Directors in their meeting held on 29.07.2022 considering
the request from TSGENCO upon settlement of total pending dues.
27.5 During the year, TSPCC has paid an amount of Rs.318.62 Crore in instalments towards liquidation of arrears
of power dues without considering the Electricity (Late Payment Surcharge and Related Matters) Rules, 2022.
Since the amounts are paid towards power dues only, no late payment surcharge revenue is recognized as
per the Accounting Policy of the Company as at 2.2.1.F(b).
NOTE 28: COST OF MATERIALS CONSUMED (Rs. in Crore)

Stores & Spares 598.26 640.30
Explosives 1,613.25 821.60
Petrol, Oil and Lubricants (POL) 4,270.17 3,053.16
Internal Consumption of Coal 0.01 0.02
Others 2.14 13.21
Total 6,483.83 4,528.29

NOTE 29: CHANGES IN INVENTORIES OF FINISHED GOODS (Rs. in Crore)

Opening Stock 911.79 890.97
Less: Internal Consumption of Coal 0.01 0.02
Less: Closing Stock 1551.87 911.79
Total (640.09) (20.84)
29.1 The above change in the Inventory includes the impact of change in the Accounting Policy relating to
valuation of Closing Stock by Rs.51.25 Crore (increase) for FY 2022-23 and Rs.6.35 Crore (reduction) for the
comparative year FY 2021-22 (Refer Note No.39.6.5).
NOTE 30: EMPLOYEE BENEFITS EXPENSE (Rs. in Crore)

Salaries, Wages and Allowances 3,712.05 3,437.90
Pay Revision Provision (NCWA XI) 1,104.16 432.19
CMPF,CMPS and Administrative charges 653.44 661.77
Leave Entitlements 403.36 375.36
Attendance Bonus 203.45 204.47
Performance Linked Reward (PLR) 315.23 296.26
Gratuity 356.17 344.59
Superannuation Benefit ( EDCPS, CPRMS (E&NE)) 141.21 142.12
Workmen’s Compensation, GIS & GPAIS 0.93 2.19
Special Incentive & PRP 794.13 418.44
Directors’ Remuneration 2.11 2.04
Life cover premia under Gratuity Scheme with LIC 16.61 13.49
Social Amenities:
Employee Welfare Expenses 135.00 121.84
Employee Hospital Expenses 125.39 144.47
Lumpsum/ Monthly Monetary Compensation for dependants 150.12 72.33
Grants to Singareni Collieries Educational Society (SCES) 30.86 32.66
Total 8,144.22 6,702.12
30.1 Pay Revision Provision (NCWA XI) represents the provision made towards Pay Revision Arrears against
NCWA-XI applicable from 01.07.2021. The Provision is made for the period from July, 2021 to March, 2023,
considering the fitment benefit of 19% and other allowances finalized in 10th meeting of JBCCI held on
19.05.2023. During the year, an amount of Rs.1,104.86 Crore is provided including updating of provision
made in FY 2021-22 based on the finalized wage agreement (Refer Note No.22.10)
obligations as on the Reporting Date i.e. 31.03.2023, Leave Entitlements (Non vesting) - Rs.14.70 Crore,
LTC/LLTC - Rs.18.03 Crore, Settling in allowance - Rs.30.17 Crore and MMC - Rs.58.30 Crore) have been
transacted in the Books of Account of FY 2022-23 considering the same as an 'Adjusting Event After the
Reporting Date' as per Ind AS-10 (Refer Note No.22.11).
NOTE 31: FINANCE COSTS (Rs. in Crore)

I. Interest Expense
Interest on Secured Loans 244.10 294.33
Interest on Unsecured Loans - 27.94
Interest on Cash Credit facilities 0.18 0.05
Interest on Others 5.10 1.36
Unwinding Cost - Back filling provision 756.92 607.07
Unwinding Cost - Mine closure provision 102.54 107.13
Unwinding Cost - Water Body 410.92 284.32
Unwinding Cost - Leases 1.50 1.40
II. Other Borrowing Costs
Loan Processing Charges / Other Finance Costs 79.48 2.53
Total 1,600.74 1,326.13
31.II.1 Other borrowing costs include, Restructuring Costs of Term Loans (STPP) being the Pre-payment Charges of
Rs.74.70 Crore paid to M/s PFC and Tax burden amount of Rs.3.14 Crore paid to M/s REC aggregating to Rs.77.84
Crore in FY 2020-21 is admitted by Hon’ble TSERC in the Mid-Term Review Order dated 23.03.2023. The same
is regularized and Revenue from Sale of Power is recognised. (Refer to Note no 26.4 and Note no 8.3).
NOTE 31A: DEPRECIATION AND AMORTISATION EXPENSES (Rs. in Crore)

Deprecation on PPE 1,368.09 1,312.92
Depreciation on Site Restoration Assets 866.64 312.49
Deprecation on Right of Use Assets 16.09 14.90
Amortisation of Intangible Assets 27.79 0.42
Depreciation on Investment Properties 1.04 0.02
Total - (A) 2,279.65 1,640.75
Less : Capitalised Depreciation (B) 3.11 20.85
Total (A-B) 2,276.54 1,619.90
31A.1 Depreciation on PPE includes depreciation on Significant Spares of Rs.69.21 Crore which have been
capitalized during the year of Rs.20.15 Crore in pursuance of modification of Accounting policy on PPE /
Depreciation as at 2.2.3.C. (Refer Note No.3.5).
31A.2 Depreciation on PPE and Site Restoration Assets includes the depreciation charged on the Impaired Assets
during the year of Rs.104.77 Crore and Rs.55.65 Crore respectively. The corresponding Impairment
provision made in the previous years was withdrawn and credited to Statement of Profit & Loss of current
year (Refer Note No.27.2 (i)).
NOTE 32: POWER & FUEL (Rs. in Crore)

Electricity charges 413.39 386.59
SLDC & Transmission Charges – Solar Energy 14.25 8.33
Others - 0.03
Total 427.64 394.95

32.1 Expenditure on Solar Power Plants of Rs.67.22 Crore is presented in the natural heads of expenditure
(Previous Year Rs.68.85 Crore) i.e. Interest of Rs.9.91 Crore (Previous Year Rs.27.28 Crore), Depreciation
of Rs.36.11 Crore (Previous Year Rs.29.77 Crore), transmission charges of Rs.14.25 Crore (Previous Year
Rs.8.33 Crore), O&M charges of Rs.2.73 Crore (Previous Year Rs.0.98 Crore) and other expenditure of
Rs.4.22 Crore (Previous Year Rs.2.49 Crore).
NOTE 33: REPAIRS & MAINTENANCE (Rs. in Crore)

Plant & Equipment 178.72 141.89
Buildings 82.37 71.75
Railway Sidings 3.29 5.75
Others 0.90 0.69
Total 265.28 220.08
NOTE 34: CONTRACTUAL EXPENSES (Rs. in Crore)

Coal Offloading 255.17 205.96
OBR Offloading 1,773.56 1,624.67
Top Soil Rehandling 9.19 6.41
Transportation Charges 286.26 360.82
Hiring of Heavy Earth Moving Machinery (HEMM), Weighbridge and others 289.24 258.27
Operations and Maintenance expenses:
Adriyala Longwall Project 152.83 104.72
Singareni Thermal Power Plant 94.76 89.78
Solar power plants 2.95 0.98
Security Services 90.31 82.71
Others 14.79 31.40
Total 2,969.06 2,765.72
34.1 Expenditure incurred on Hiring of HEMM & Others above are presented net of the payments towards
Lease Elements during the year of Rs.17.74 Crore (Previous Year Rs. 16.19 Crore - Restated). (As per the
requirement of Ind AS-116 – “Leases”).

Obsolete Stores 17.49 0.01
Shortage and Theft of Stores Material - 0.03
Doubtful Debts / Advances (Expected Credit Loss) 57.06 48.22
Impairment - Site Restoration Cost (MCP-UG) 8.04 130.11
Impairment of Other Mining Infrastructure (Development - UG) 28.16 503.98
Impairment P&M, Buildings & Others 32.78 17.85
Impairment of CWIP (Development Expenditure) 0.18 106.99
Total 143.71 807.19
35.1 Provision towards Doubtful Debts and Advances (Expected Credit Loss) - represents the Provision recognized
against the long outstanding Disputed Coal Dues from Power Generating Companies of Rs.40.44 Crore as
there is significant uncertainty as to the collection of the dues. (Previous Year 43.03 Crore).
Balance provision of Rs.16.62 Crore includes the long outstanding dues towards Rent, Electricity and Water
supply charges of Rs.2.52 Crore (Previous Year Rs.1.62 Crore), Dues from OB Contractor towards Service
Tax remitted to the Dept. of Rs.1.60 Crore, Pre-GST VAT and CST Receivables of Rs.7.70 Crore, 2% Banking
charges on the Solar Banked units revenue recognized upto FY 2021-22 of Rs.0.64 Crore, HRA excess
payment recoverable of Rs.3.70 Crore and Advances paid to Vendors/Railways of Rs.0.30 Crore as the
collection of which is considered as uncertain.
35.2 Provision for Impairment of CWIP (Development Expenditure) of Rs.106.99 Crore of the Previous year includes
Provision made towards the Impairment of infructuous Capital Expenditure incurred on the non-viable Coal
Blocks surrendered to Govt. of India of Rs.99.42 Crore (i.e., New Patrapada,Odisha State and Penagadapa,
Telangana State) which was transacted as an ‘Adjusting Event after the Reporting Date’ as per Ind AS-10, in
FY 2021-22.
NOTE 36: WRITE-OFFS (Rs. in Crore)

Bad & Doubtful Debts Written Off 5.12 331.75
Advances Written Off - 0.03
Assets / Stores Written Off 4.98 6.79
Others (Infructuous Capital Expenditure of Surrendered non-viable coal blocks) 63.14 -
Total 73.24 338.57
36.1 Write off of Bad and Doubtful debts includes write off of the Billing dispute claims disallowed by Hon’ble
TSERC vide it’s Order Dt. 21.11.2022 towards Incentive, aditional coal cost beyond scheduled generation,
licence fees and other cesses & taxes aggregating to Rs. 3.28 Crore (Refer Note No.26.5). Further, long
outstanding dues towards Rent, Electricity, Water Supply charges from outside customers for an amount of
Rs.1.72 Crore have been also written off in view of non-collectability.
Bad Debts Written-off in the previous year represents the write off of outstanding dues of Rs.331.20 Crore
billed to M/s. TSGENCO in 2014-15 which were disputed due to State bifurcation related issues.
36.2 Assets Written-off include Obsolete Stores written off amounting to Rs.0.83 Crore (PY 5.40 Crore). The
balance amount of Rs.2.37 Crore (Previous Year Rs.1.33 Crore) represents the write-off of carrying amount
of PPE, Other Fixed Assets owing to surveyed off of Assets for obvious reasons and Assets not useful/non-
retrievable on the closure of Mining Operations etc.
36.3 Other write offs during the year include write off of Infructuous Capital Expenditure incurred on non-viable Coal
Blocks (i.e. New Patrapara, Odisha & Penagadapa, Telangana) surrendered to the Govt. of India, of Rs.62.81
Crore, which cannot be collected from the future allottees. Consequent to write off, the provision made in the
earlier year towards Impairment of Rs.57.20 Crore is withdrawn and credited to the Profit & Loss Account of
the Current Year. Hence, consequent to the write off the net impact on the profitability is Rs.5.61 Crore only
(Refer Note No.27.2 (iv)).

NOTE 37: OTHER EXPENSES (Rs. in Crore)

(a) Selling & Distribution 64.20 54.67
(b) Gain/Loss on Exchange Rate Variance 5.99 (3.78)
(c) Corporate Social Responsibility (CSR) Expenditure 45.38 47.40
(d) Donations 152.58 50.00
(e) Payment to Auditors’
Statutory Audit Fee 0.51 0.21
Tax Audit Fee 0.01 -
Out of Pocket Expenses 0.08 0.05
Certification Fee 0.04 0.04
Cost Audit Fee 0.05 0.69 0.03 0.33
(f) Plantation/Horticulture Expenditure 18.43 17.01
(g) Taxes and Expenses of STPP
i) Taxes on Coal consumed
Royalty - STPP 331.90 282.46
Forest permit Fee –STPP 5.42 5.38
CMPS On Coal 5.42 342.74 5.38 293.22
ii) Other Expenses at STPP
GST ITC Reversal-STPP 150.17 116.40
Shunting Charges-STPP 8.92 159.09 7.64 124.04
(h) Consultancy & Professional fee expenses 17.04 17.34
(i) Others:
Rents 0.48 0.64
Insurance 13.88 14.03
Rates & Taxes 20.35 23.39
Travelling Expenses 12.67 6.48
Postage, Telegrams and Telephone 4.74 4.66
Legal Expenses 7.14 3.22
Bank Charges and Commission 4.33 2.42
Directors’ Travelling Expenses 0.17 0.43
Advertisements 2.71 1.95
Research and Development Expenses 5.93 4.30
Journals and Periodicals 0.31 0.20
Printing and Stationary 2.99 2.47
Medical Expenditure 0.38 -
CER/PH Commitments 15.95 -
Other Expenses 20.55 112.58 8.22 72.41
Total 918.72 672.64
37.1 CSR Expenditure includes an amount of Rs. 32.61 Crore (Previous year 34.71 Crore) being provision made
towards the constructive obligation on account of works sanctioned as per CSR Policy during the year 2022-
23 which have remained unspent (Ongoing works) as on 31.03.2023 and deposited to “Un-spent CSR Bank
Account 2022-23”, as per the amended provisions of CSR Rules (Refer Note no:14.5 and 24.3).
37.2 The Statutory Audit fee of FY 2022-23 includes an amount of Rs.0.15 Crore paid to the previous Statutory
Auditors on account of enhancement fee from Rs.0.20 Crore to Rs.0.35 Crore.
37.3 Research and Development cost includes the expenditure incurred by the Company on setting up of Geo-
Thermal Power Plant at Pagideru under S&T Project in addition to the grant of Rs.1.47 Crore released by
M/s.CMPDIL to the Company which was inturn paid by the Company to the participating Agency M/s.Sriram
Institute for Industrial Research. On grounding of the Project and successful implementation, the company is
eligible to share of IP rights. In view of the uncertainty, the expenditure incurred by the Company amounting
to Rs.0.39 Crore is charged off as Research and Development Expenditure.
NOTE 38: EXCEPTIONAL ITEMS (Rs. in Crore)

Environment Remediation Plan Expenditure provision / (Withdrawal of Provision) 2.48 (4.43)
Provision against Penalty levied by Hon’ble National Green Tribunal (NGT) for 0.13 41.21
EC Violation at JVR OCP/Khairagura OCP
Penalty levied against non-achievement of performance obligations at Adriyala (147.22) -
Longwall Project.
Total (144.61) 36.78
38.1 Environment remediation plan presented above represents provision for an amount of Rs.8.13 Crore made
towards implementation of RP, CRAP, NCRAP & PH commitments in respect of the remaining Mines in
Violation Category as reduced by the withdrawal of provision of Rs.5.65 Crore in respect of 6 Mines for which
ECs were approved for four Mines by MoEF&CC and EAC/SEAC recommended ECs for six Mines during the
year. (Refer No.22.4 and 39.10)
38.2 Provision for penalty levied by NGT presented above represents the provision recognized for an amount of
Rs.0.13 Crore consequent to the notice issued by TSPCB on 05.06.2023 environmental violation observed at
Kharagura OCP, in pursuance of Hon’ NGT directions. (PY Penalty levied by NGT for EC violations at JVR
OCP of Rs. 41.21 Crore) (Refer Note No.22.6 & Note No.39.10)
38.3 Penalty levied represents the forfeiture of 20% equipment value withheld of Euro 1,09,09,741.01 and invocation
of Bank Guarantee of Euro 55,43,664.00 in pursuance of the decision taken by the Management to impose
penalties against the non-achievement of performance obligations at Adriyala Longwall Project. The value of
conversion to INR is Rs.147.22 Crore. (Refer Note No.39.10)

NOTE 38A: OTHER COMPREHENSIVE INCOME (OCI) (Rs. in Crore)

Items that will not be reclassified to Profit or Loss:
Remeasurement gains / (losses) on Defined Benefit Plans
a) Gratuity (354.58) 63.28
b) Leave Encashment - Vesting (108.04) 6.49
c) CPRMS (Executives) (6.84) (19.51)
d) CPRMS (Non-Executives) (31.31) (98.93)
Sub-Total (500.77) (48.67)
Less: Deferred Tax on above 125.50 12.25
Total (375.27) (36.42)
38A.1 The above amounts include, increase in the Actuarial Valuation as on the Reporting Date due to experience
adjustment on account of JBCCI wage agreement concluded for NCWA-XI on 20.05.2023, (i.e. Gratuity-
Rs.359.87 Crore, Leave Encashment (vesting) - Rs.76.41 Crore). The incremental liability is transacted
during the year considering the same as an ‘Adjusting Event After the Reporting Date’ as per the provisions
of Ind AS-10 (Refer Note No.22.11).
"Singareni Darshan" a mine visiting tour program launched by TSRTC
Additional Notes to the Financial Statements (Consolidated)

NOTE - 39
1. FAIR VALUE MEASUREMENT:

A. Financial Instruments by Category :
(Rs. in Crore)
Financial Assets and As at 31st March, 2023 As at 31st March, 2022
Liabilities FVTPL FVTOCI Amortized cost FVTPL FVTOCI Amortized cost
Financial Assets
Mutual Funds@ 500.25 - - - - -
Loans - - 41.95 - - 57.00
Others - - 9,530.67 - - 7,178.45
Investments - - 1,800.19 - - 2,800.19
Borrowings - - 2,824.94 - - 4,139.55
Trade payables - - 1,222.70 - - 1,012.64
# FVTPL – Fair Value through Profit & Loss A/c
# FVTOCI- Fair Value through Other Comprehensive Income
@ Investments in Mutual Funds are classified as Equity Instruments and measured at Fair Value through Profit & Loss A/c.
B. Fair value hierarchy:

Table below shows Judgments and estimates made in determining the fair values of the financial instruments that are
(a) recognized and measured at fair value and (b) measured at amortized cost and for which fair values are disclosed
in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value,
the Company has classified its financial instruments into the three levels prescribed under the accounting standard.
An explanation of each level follows underneath the table.
(a) Recognized and measured at Fair Value:
Financial Assets and Liabilities As at 31st March, 2023 As at 31st March, 2022
measured at Fair Value Level I Level II Level III Level I Level II Level III
Financial Assets at FVTPL
Investments - - - - - -
Mutual Funds - 500.25 - - - -
Financial Liabilities - - - - - -
If any item - - - - - -

Additional notes to the financial statements (consolidated) for the year ended 31st March, 2023 (contd...)
(b) Measured at amortized cost and for which fair values are disclosed in the financial statements
(Rs. in Crore)
Financial assets and liabilities As at 31st March, 2023 As at 31st March, 2022
measured at amortized cost for Level-I Level-II Level-III Level-I Level-II Level-III
which fair values are disclosed at
31st March, 2023
Financial Assets at Amortized Cost - - - - - -
Loans - - 41.95 - - 57.00
Others - - 9,530.67 - - 7,178.45
Investments - - 1,800.19 - - 2800.19
Borrowings - - 2,824.94 - - 4,139.55
Trade payables - - 1,222.70 - - 1,012.64
Level-1: Level-I hierarchy includes Financial Instruments measured using quoted prices
Level-II: The fair value of Financial Instruments that are not traded in an active market is determined using
valuation techniques which maximize the use of observable market data and rely as little as possible
on entity-specific estimates. If all significant inputs required to fair value an instrument are observable,
the instrument is included in level-II. Investments other than investments in Joint Ventures/Subsidiary
included in Level-II.
Level-III: If one or more of the significant inputs is not based on observable market data, the instrument is
included in level-III. This is the case for unlisted equity securities, bonds, borrowings, security deposits
and other liabilities taken included in level-III.
(c) Valuation technique used in determining Fair Value
i) Valuation techniques used to value Financial Instruments include:
● The use of quoted market prices of Instruments
● The Fair Value of the remaining Financial Instruments is determined using discounted Cash Flow
analysis
ii) Fair Value measurements using significant unobservable inputs:
At present there are no Fair Value measurements using significant unobservable inputs.
(d) Fair values of Financial Assets and Liabilities measured at Amortized cost
● The carrying amounts of trade receivables, short term deposits, cash and cash equivalents, trade payables
are considered to be the same as their fair values, due to their short-term nature.
● Other Financial Assets accounted at Amortized Cost are not carried at Fair Value only if same is not material.
● The Company considers that the security deposit does not include a significant financing component. The
milestone payments (security deposits) coincide with the company’s performance and the contract requires
amounts to be retained for reasons other than the provision of finance. The withholding of a specified
percentage of each milestone payment is intended to protect the interest of the company, from the contractor
failing to adequately complete its obligations under the contract. Accordingly transaction cost of Security
deposit is considered as fair value at initial recognition and subsequently measured at amortised cost.
SIGNIFICANT ESTIMATES:
The Fair Value of Financial Instruments that are not traded in an active market is determined using valuation
techniques. The Company uses its judgment to select a method and makes suitable assumptions at the end of each
reporting period.
2. RISK ANALYSIS AND MANAGEMENT
Financial Risk Management Objectives and Policies
The Company’s principal Financial Liabilities comprise Loans and Borrowings, Trade and Other Payables directly
related to its operations. The main purpose of these Financial Liabilities is to finance the Company’s operations. The
Company’s principal Financial Assets include Loans, Trade and Other Receivables and Cash and Cash Equivalents
that are derived directly from its operations.
The Company is exposed to Market Risk, Credit Risk and Liquidity Risk. The Company’s senior management
oversees the management of these risks. The Board of Directors reviews and agrees Policies for managing each of
these risks, which are summarized below.
This note explains the sources of risk which the entity is exposed to and how the entity manages the risk in Financial
Statements.
Risk Exposure arising from Measurement Management
Credit Risk Cash and Cash equivalents, Ageing analysis Regular monitoring and
trade receivables financial asset review by senior management
measured at amortized cost and audit committee
Liquidity Risk Borrowings and other liabilities Periodic cash flowsAvailability of committed
credit lines and borrowing
facilities
Market Risk-foreign Future commercial transactions, Cash flow forecast Regular monitoring and
exchange recognized financial assets and sensitivity analysis review by senior management
liabilities not denominated in INR and audit committee.
Market Risk-interest rate Cash and Cash equivalents, Cash flow forecast Regular monitoring and
Bank deposits, Mutual Funds, sensitivity analysis review by senior management
Investments in Bonds and audit committee
A. Credit Risk:
Credit risk arises from Cash and Cash Equivalents, Investments carried at amortized cost and Deposits with Banks
and Financial Institutions, as well as including outstanding receivables.
Credit risk management:
Macro - economic information (such as regulatory changes) is incorporated as part of the Fuel Supply Agreements
(FSAs), Power Purchase Agreements (PPAs) and e-auction terms.
Fuel Supply Agreements:
As contemplated in and in accordance with the terms of the New Coal distribution Policy (NCDP), we enter into
legally enforceable FSAs with our customers or with State Nominated Agencies that in turn enters into appropriate
distribution arrangements with end customers. Our FSAs can be broadly categorized into:
- FSAs with customers in the power utilities sector, including State power utilities, Private Power Utilities
(“PPUs”) and Independent Power Producers (“IPPs”);
- FSAs with customers in Non-Power Industries (including captive power plants (“CPPs”)); and
- FSAs with State Nominated Agencies

Power Purchase Agreement:

SCCL is operating 2X600 MW Thermal Power Project (STPP). To secure guarantee of purchase of power and
certainty of revenue stream, legally enforceable power purchase agreement has been entered with Southern
Power Distribution Company of Telangana Ltd(TSSPDCL) and Northern Power Distribution Company of Telangana
Ltd(TSNPDCL) on 18.01.2016 for 25 years from the date of COD of the project i.e., 02.12.2016.
E-Auction Scheme:
The E-Auction scheme of coal has been introduced to provide access to coal for customers who were not able to
source their coal requirement through the available institutional mechanisms under the NCDP for various reasons,
for example, due to a less than full allocation of their normative requirement under NCDP, seasonality of their coal
requirement and limited requirement of coal that does not warrant a long-term linkage. The quantity of coal to be
offered under E-Auction is reviewed from time to time by the MOC.
Provision for Expected Credit Loss: The Company provides for expected credit risk loss for doubtful/ credit impaired
assets, by lifetime expected credit losses (Simplified approach).
Expected Credit Losses for Trade Receivables under Simplified Approach: (Rs. in Crore)
Exposure to risk As at 31st March 2023 As at 31st March 2022
Trade Receivables 15,498.55 14,864.87
Less: Expected Credit Loss 258.16 217.89
Total 15,240.39 14,646.98
* Including trade receivables (Non-current) before fairvalue adjustment.
Reconciliation of Credit Loss allowance provision – Trade receivables
Particulars Amount (Rs. in Crore)

Changes in loss allowance in 2022-23 40.27
Significant Estimates and Judgments:

Impairment of Financial Assets
The impairment provisions for Financial Assets disclosed above are based on assumptions about risk of default and
expected loss rates. The company uses judgement in making these assumptions and selecting the inputs to the
impairment calculation, based on the company’s past history, existing market conditions and uncertainty in collection
as well as forward looking estimates, at the end of each reporting period.
B. Liquidity Risk:
Prudent liquidity risk management implies maintaining sufficient cash and cash equivalents and the availability of
funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the dynamic
nature of the underlying businesses, Company treasury maintains flexibility in funding by maintaining availability
under committed credit lines.
Management monitors forecasts of the Company’s liquidity position (comprising the undrawn borrowing facilities
below) and cash and cash equivalents on the basis of expected cash flows..
Financing arrangements
The Company had access to the following undrawn borrowing facilities at the end of the Reporting Period.
(Rs. in Crore)
Exposure to risk As at 31 March 2023
st
As at 31 March 2022
st
Interest bearing Borrowings :

On demand :
Less than 365 days - -
More than 365 days :
SBI term Loan ( Solar) @ - 353.27
BOB term Loan (FGD) 442.40 -
Total 442.40 353.27
* Working Capital Limits(Cash Credit & Bill discounting ) are not considered.
@ SBI Term Loan availed for setting up of Solar Power Plants is repaid in FY 2022-23.
C. Market Risk :
a) Foreign currency risk :
The company’s foreign exchange risk arises from payments to overseas suppliers (US Dollar, British Pound,
Euro and Japanese Yen). A portion of the Company’s trade payables are in these foreign currencies as under:
Trade Payables :
As at Exchange Amount As at Exchange Rate Amount
Currency
31.03.2023 Rate (INR) (Rs. Crore) 31.03.2022 (INR) (Rs. Crore)
EURO (€) € 87,892 89.22 0.78 € 1,10,07,633 84.24 92.73
GBP (£) - - - £77,012 99.48 0.77
USD ($) - - - $3,14,280 75.80 2.38
Total 0.78 95.88
As a result, if the value of the Indian rupee depreciates relative to these foreign currencies, the Company’s
foreign exchange outflow in Indian rupees may increase. The company has not entered into any hedging
arrangement.
In respect of the above Trade Payables in Foreign Exchange, every 10% decrease /increase in the exchange
rates will have a Financial impact (before tax) of Rs.0.08 Crore either side (Rs.9.59 Crore for year ended
31.03.2022).
b) Cash flow and fair value interest rate risk: Ind AS 107(33)(a) :
The company’s main interest rate risk arises from bank deposits with change in interest rate exposes the
company to cash flow interest rate risk. Company’s policy is to maintain most of its deposits at fixed rate.
Interest rate risk on the Borrowings:
As on 31.03.2023, the Company had obtained loans with floating rate of interest rates as under:
As at 31.03.2023 As at 31.03.2022
Amount Rate of Amount Rate of
Loan from Basis of interest
outstanding Interest outstanding Interest
(Rs in Crore) p.a (Rs in Crore) p.a
State Bank of India 1 Year MCLR plus 25 bps 2,061.45 8.20% 2,393.98 7.25%
ICICI Bank 3 Month Treasury Bill plus 1.86% 713.99 8.63% 832.99 6.93%
State Bank of India 1 Year MCLR plus 34 bps - - 475.62 7.34%
Bank of Baroda 1 Year SBI MCLR 45.15 7.20% - -
Total 2,820.59 3,702.59

On the above loan balance outstanding as on the Reporting Date, every 10 bps increase/ decrease in the
floating interest rate component (i.e., MCLR and Treasury Bill rate) on the respective reset dates, shall result in
Loss/ Profit of Rs.1.47 Crore (approx.), as the case may be, in the next financial periods (the actual impact on
this count for FY 2022-23 Rs.17.13 Crore (Loss)) (Please refer Note-19 for details of the Company’s borrowings
including interest rate profiles)
c) Equity instruments in Mutual Funds are subjected to market risk.
The Company’s policy is to invest in Mutual Funds in the debt based instruments for short periods only to
minimize the exposure to the market risk.
Capital Management:
The company being a Government Entity manages its capital as per the guidelines of Department of Investment and
Public Asset Management under Ministry of Finance.
Capital Structure of the company is as follows:
(Rs. in Crore)
Equity Share capital 1,733.20 1,733.20
Long term debt (SBI+ICICI Bank+BOB+SBI Solar #)* 2,369.91 2,776.29
* Excluding Current maturities and prepayment of Long term Debt as on 31.03.2023 of Rs.450.68 Crore (As on 31.03.2022 Rs.926.30
Crore).
# SBI (Solar) Term Loan of Rs.475.62 Crore was repaid during the current year. This loan amount was included in the current maturities
of Rs.926.30 Crore as on 31.03.2022 mentioned above.
3. Employee Benefits: Recognition and Measurement (Ind AS-19):

i) Defined Contribution Plans :
The Company operates Defined Contribution Plans which include the following
(Rs. in Crore)
Sl. For the For the
Particulars
No FY 2022-23 FY 2021-22
1 Coal Mines Provident Fund Scheme is a Defined Contribution 675.92 661.77
Plan and charged off to Statement of Profit & Loss.(#) (*)
2 Superannuation & Pension Benefit to the Executive Cadre employ- 29.28 47.90
ees (#).
# Excluding the expenditure transferred to CWIP(REC) in respect of Mines under development
* Including Extended Service benefit during the extended service period i.e. 60 Years to 61 Years
ii) Defined benefit Plans:

The Company operates Defined Benefit Plans as follows which are valued on Actuarial basis:
Gratuity (Funded) Leave Encashment (Vesting) (unfunded)

Leave Entitlements (Non-Vesting) Settling Allowance
Leave Travel Concession Monthly Monetary Compensation (MMC)
CPRMS(E) CPRMS(NE)
iii) Total liability as on 31.03.2023 based on valuation made by the Actuary, details of which are mentioned
below is Rs.5,229.12 Crore (Previous Year Rs.5,258.44 Crore)
(Rs. in Crore)
Incremental
Actuarial Liability Actuarial Liability
Particulars Liability for the
as on 01.04.2022 as on 31.03.2023
Year #
Gratuity 3,312.68 (388.37) 2,924.31
Leave Encashment (Vesting) 673.61 134.44 808.05
Leave Entitlements (Non-Vesting) 171.43 20.13 191.56
CPRMS(E) 227.48 26.45 253.93
CPRMS(NE) ** 596.07 69.90 665.97
Monthly Monetary Compensation 141.06 56.17 197.23
Settling Allowance 69.80 35.01 104.81
Leave Travel concession 66.31 16.95 83.26
Total 5,258.44 (29.32) 5,229.12
# Includes the liability increase on account of NCWA-XI Wage Agreement concluded on 20.05.2023.
a) Gratuity:
Gratuity payable to eligible employees is administered by a separate Trust. The Liability towards Gratuity as
on each Reporting Date is made on the basis of Actuarial Valuation. The Actuarial Liability (as certified by the
Actuary) towards Gratuity net of Funds maintained in the Trust (Unfunded Liability) amounted to Rs.2,924.31
Crore as at 31.3.2023 (Previous Year Rs. 3,312.68 Crore). The above liability as on 31.03.2023 includes an
amount of Rs.359.87 Crore towards incremental liability owing to NCWA XI Wage Revision.
b) Leave Encashment (Vesting):
Leave Encashment benefits which are encashable in service or on retirement (i.e. Vesting) payable to employees,
at the end of the year, are recognized based on the Actuarial Valuation. The Actuarial Liability (as certified by the
Actuary) towards Leave Encashment (Vesting) and the outstanding amounts towards leaves encashed during
the year amounted to Rs.808.06 Crore as at 31.03.2023 (Previous Year Rs. 673.61 Crore). The above liability
Revision.
c) Leave Entitlements (Non-Vesting):
Leave entitlements which are non-encashable in service or on retirement or on resignation (i.e. Non-Vesting)
are recognized on Actuarial Valuation. After applying the Non Availment Factor of 40%, the Liability as per the
Actuarial valuation as on 31.03.2023 is Rs.191.56 Crore. (Previous Year Rs.171.43 Crore). The above liability
Revision.
d) Contributory Post Retirement Medicare Scheme: CPRMS (E)
The Actuarial Liability (as certified by the Actuary) for Contributory Post Retirement Medicare Scheme for
Executives & their spouses against plan benefits (yearly domicillary treatment and Rs.25.00 Lakh designated
benefit) amounted to Rs.253.93 Crore as at 31.03.2023 (Rs. 227.48 Crore up to 31.03.2022). An amount of
Rs.37.50 Crore is charged to Revenue (Previous Year Rs.44.46 Crore). During this year, scheme benefits of
Rs.11.04 Crore are paid to Retired Executives (PY Rs.10.78 Crore)

e) Contributory Post Retirement Medicare Scheme: CPRMS (NE)

(i) The Company has implemented Contributory Post Retirement Medicate Scheme for Non-Executives
(CPRMS-NE) as per JBCCI Agreement. As per the Scheme, the designated Benefit of Medical reimbursement
is Rs.8.00 Lakhs / per employee.
(ii) As per the modalities of the Scheme, the Employees have to contribute Rs.40,000/- as their contribution.
The employees who have retired in earlier wage periods have to contribute specified amounts. The
Company also has to contribute Rs.18,000/- per employee for those employees who were on rolls as on
01.07.2016 and who have joined thereafter. From FY 2021-22 onwards, the Company is recognizing the
liability on Actuarial valuation basis treating the same as Defined Benefit Obligation, as the Company is
having constructive obligation to extend the plan benefits irrespective of the sufficiency of the contributions.
(iii) The liability towards CPRMS(NE) based on Actuarial valuation as on 31.03.2023 is Rs.665.97 Crore
(Previous Year Rs.596.07 Crore)
f) Monthly Monetary Compensation (MMC)
Monthly Monetary Compensation to dependants of deceased in mines accidents/ medical unfit, etc., & Low
Productive Employees are valued on actuarial basis and actuarial liability as at 31.03.2023 is Rs.197.23 Crore
(Previous Year Rs. 141.07 Crore). The above liability as on 31.03.2023 includes an amount of Rs.58.30 Crore
towards incremental liability owing to NCWA XI Wage Revision.
g) Settling in Allowance:
Liability on account of amounts payable to the separated employees for settling at their Home Towns /Place of
settlement is valued on actuarial basis. The actuarial liability as at 31.03.2023 is Rs.104.81 Crore (Previous
Year of Rs. 69.80 Crore). The above liability as on 31.03.2023 includes an amount of Rs.30.17 Crore towards
incremental liability owing to NCWA XI Wage Revision.
h) Leave Travel concession:
Leave Travel Concession is valued on actuarial basis, the actuarial liability as at 31.03.2023 is Rs.83.26 Crore
(Previous Year Rs. 66.31 Crore). An amount of Rs.18.47 Crore was paid under this Scheme and charged to
revenue during the year (Previous Year Rs.17.40 Crore).The above liability as on 31.03.2023 includes an amount
of Rs.18.03 Crore towards incremental liability owing to NCWA XI Wage Revision.
iv) Disclosure as per Actuary’s Certificate:

The disclosures as per Actuary’s Certificate for employee benefits for Gratuity (funded) and Leave Encashment
(funded) are given below:
ACTUARIAL VALUATION OF GRATUITY LIABILITY - DISCLOSURES AS PER IND AS-19

(Rs. in Crore)
Changes in Present Value of defined benefit obligations As at 31.03.2023 As at 31.03.2022
Present Value of obligation at beginning of the period 3,981.19 4,083.09
assumption
Benefits Paid (689.22) (439.13)
Present Value of obligation at end of the year 4,043.75 3,981.19
Including pending claims for settlement of Rs.475.68 Crore as on 31.03.2023 (PY Rs.503.33 Crore) and Supplementary
claims of Rs.40.67 Crore on account of NCWA XI wage revision (settled and pending claims of Not Onroll employees
for the period 01.07.2021 to 31.03.2023) as on 31.03.2023
(Rs. in Crore)
Changes in Fair Value of Plan Assets As at 31.03.2023 As at 31.03.2022
Fair Value of Plan Asset at beginning of the period 668.51 720.95
Interest Income 63.92 55.41
Employer Contributions 1,099.13 332.50
Benefits Paid (689.22) (439.14)
Return on Plan Assets excluding Interest income (22.90) (1.21)
Fair Value of Plan Asset as at end of the year 1,119.44 668.51
(Rs. in Crore)
Statement showing reconciliation to Balance Sheet As at 31.03.2023 As at 31.03.202\2
Fund Liability 4,043.75 3,981.19
Fund Asset 1,119.44 668.51
Un Funded Status 2,924.31 3,312.68
(Rs. in Crore)
Expense Recognized in Statement of Profit / Loss As at 31.03.2023 As at 31.03.2022

(Rs. in Crore)
Other Comprehensive Income As at 31.03.2023 As at 31.03.2022
assumption
Total Actuarial (Gain) / Loss - -
Return on Plan Asset, excluding Interest Income 22.90 1.21
Balance at the end of the year - -
Net (Income) / Expense for the year recognized in Other 354.57 (63.28)
Comprehensive Income
(Rs. in Crore)
Statement showing Plan Assumptions As at 31.03.2023 As at 31.03.2022
Expected Return on Plan Asset 7.51% 7.32%
Gratuity limit Rs.20 lakh Rs.20 lakh
Mortality , Disability, Withdrawal & Retirement table As at 31.03.2023
Attained Age Abs. Mortality Rate Disability Withdrawal Retirement
20 0.09% 0.09% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
25 0.09% 0.09% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
30 0.10% 0.10% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
35 0.12% 0.12% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
40 0.17% 0.17% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
45 0.26% 0.26% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
50 0.44% 0.44% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
55 0.75% 0.75% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
60 1.12% 1.12% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
61 1.20% 1.20% 0.00% 0.00% 1.00% 1.00% 100.00% 100.00%
(Rs. in Crore)
Statement Showing Benefit Information Estimated Future payments (Past Service)
Year 31.03.2023 31.03.2022
1 910.32 1,098.03
2 410.69 324.6
3 595.07 560.99
4 523.91 525.86
5 470.19 454.07
6 to 10 1,791.81 1,692.46
More than 10 years 4,279.00 3,551.36
below:
2022-23 2021-22
Scenario Present Value of % Present Value of %
Obligation (Rs. in Crore) Change Obligation (Rs. in Crore) Change
Under Base Scenario 4,043.75 - 3,981.19 -
Salary Escalation - Up by 1% 4,101.16 1.42% 4,030.43 1.24%
Salary Escalation - Down by 1% 3,981.91 -1.53% 3,925.22 -1.41%
Withdrawal Rates - Up by 1% 4,087.67 1.09% 4,013.30 0.81%
Withdrawal Rates - Down by 1% 3,997.34 -1.15% 3,946.11 -0.88%
Discount Rates - Up by 1% 3,779.85 -6.53% 3,740.31 -6.05%
Discount Rates - Down by 1% 4,349.17 7.55% 4,257.02 6.93%
Mortality Rates - Up by 10% 4,040.89 -0.07% - -
Mortality Rates - Down by 10% 4,034.16 -0.24% - -
Crore) and supplementary claims of Rs.40.67 Crore on account of NCWA-XI wage revision (settled and pending
claims for the period 01.07.2021 to 31.03.2023) as on 31.03.2023 included in the Valuation are not subjected to
the above Sensitivity factors.
(Rs. in Crore)
Statement Showing Cash Flow Information 31.03.2023 31.03.2022
Current service Cost (Employer portion Only) Next period 175.38 165.90
Interest Cost in next period 264.82 254.05
Expected Return on Plan Asset in Next period 89.11 34.02
Benefit Cost in Next period 650.48 600.00
Expected Contribution to the Trust in Next period 801.05 400.00
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Current liability - -
Non-Current Liability 4,043.75 3,981.19
Net Liability 4,043.75 3,981.19

ACTUARIAL VALUATION OF LEAVE ENCASHMENT BENEFIT (VESTING)

EARNED LEAVE(EL)/ HALF PAY LEAVE(HPL)-DISCLOSURES AS PER IND AS-19 :
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Benefits Paid (132.82) (104.81)
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Fair Value of Plan Asset at beginning of the period Unfunded Unfunded
Interest Income Unfunded Unfunded
Employer Contributions Unfunded Unfunded
Benefits Paid Unfunded Unfunded
Return on Plan Assets excluding Interest income Unfunded Unfunded
Fair Value of Plan Asset as at end of the period Unfunded Unfunded
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Fund Asset - -
Un Funded Status Unfunded Unfunded
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Net (Income) / Expense for the period recognized in Other Comprehen- 108.34 (6.38)
sive Income
Mortality , Disability, Attrition & Retirement table As at 31.03.2023

Attained
Abs. Mortality Rate Disability Attrition Retirement
Age
20 0.09% 0.09% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
25 0.09% 0.09% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
30 0.10% 0.10% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
35 0.12% 0.12% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
40 0.17% 0.17% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
45 0.26% 0.26% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
50 0.44% 0.44% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
55 0.75% 0.75% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
60 1.12% 1.12% 0.00% 0.00% 1.00% 1.00% 0.00% 0.00%
61 1.20% 1.20% 0.00% 0.00% 1.00% 1.00% 100.00% 100.00%
below:
2022-23 2021-22
Present Value of Present Value of
Scenario % %
Obligation Obligation
Change Change
(Rs. in Crore) (Rs. in Crore)
Under Base Scenario 808.05 - 673.61 -
Salary Escalation - Up by 1% 872.46 7.97% 702.80 4.33%
Salary Escalation - Down by 1% 751.14 -7.04% 643.26 -4.51%
Attrition Rates - Up by 1% 811.41 0.42% 671.63 -0.29%
Attrition Rates - Down by 1% 804.25 -0.47% 672.45 -0.17%
Discount Rates - Up by 1% 756.08 -6.43% 647.33 -3.90%
Discount Rates - Down by 1% 867.91 7.41% 698.95 3.76%
Mortality Rates - Up by 10% 806.75 -0.16% - -
Mortality Rates - Down by 10% 806.48 -0.19% - -
Crore) are included in the Valuation as these claims are not subjected to the above Sensitivity factors.

(Rs. in Crore)
Year 31.03.2023 31.03.2022
1 120.36 172.03
2 86.89 140.94
3 106.75 138.49
4 104.75 120.99
5 92.41 103.21
6 to 10 342.70 289.51
More than 10 years 818.79 204.75
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Priority to Eco friendly mining : Shearer cutting coal in Adriyala Longwall Panel
ACTUARIAL VALUATION OF CONTRIBUTORY POST RETIREMENT

MEDICARE SCHEME (EXECUTIVES)-DISCLOSURES AS PER IND AS-19 :
(Rs. in Crore)
As at
Changes in Present Value of defined benefit obligations As at 31.03.2023
31.03.2022
assumptions
(Rs. in Crore)
As at
Changes in Fair Value of Plan Assets As at 31.03.2023
31.03.2022
Interest Income - -
Benefits Paid - -
(Rs. in Crore)
As at
Statement showing reconciliation to Balance Sheet As at 31.03.2023
31.03.2022
Fund Asset - -
(Rs. in Crore)
As at
Statement showing Plan Assumptions: As at 31.03.2023
31.03.2022
Mortality Rate IALM (2012-14) IALM (2012-14)
Till age 59 & Till age 59 &
IIAMT (2012-15) IIAMT (2012-15)

(Rs. in Crore)
As at
Expense Recognized in Statement of Profit / Loss As at 31.03.2023
31.03.2022
(Rs. in Crore)
As at
Other Comprehensive Income As at 31.03.2023
31.03.2022
assumptions
Particulars Base (+)100 Basis Points (-)100 Basis Points

PV of DBO (Rs. Cr.) 253.93 214.83 305.42
Variation -15.40% 20.28%
Medical Assumptions 6.75% 7.75% 5.75%
Inflation Rate PV of DBO (Rs. Cr.) 253.93 306.86 213.17
Variation 20.84% -16.05%
(Rs. in Crore)
Year 31.03.2023 31.03.2022
1 17.12 12.90
2 7.08 13.57
3 7.87 14.12
4 8.71 14.49
5 9.50 15.10
6 to 10 59.33 81.93
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
ACTUARIAL VALUATION OF CONTRIBUTORY POST RETIREMENT MEDICARE

SCHEME (NON-EXECUTIVES)-DISCLOSURES AS PER IND AS-19 :
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Other (Employee contribution,Taxes, Expenses) 26.77 46.89
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Interest Income - -
Benefits Paid - -
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Fund Asset - -
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
Mortality Rate IALM (2012- IALM (2012-
14) Till age 14) Till age
59 & IIAMT 59 & IIAMT
(2012-15) (2012-15)

(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
(+)100 Basis (-)100 Basis

Particulars Base
Points Points
PV of DBO (Rs. Cr.) 665.97 553.88 817.21
Variation -16.83% 22.71%
Medical Inflation Assumptions 6.75% 7.75% 5.75%
Rate PV of DBO (Rs. Cr.) 665.97 821.05 549.44
Variation 23.29% -17.50%
(Rs. in Crore)
Year 31.03.2023 31.03.2022
1 28.47 33.43
2 21.89 35.47
3 23.59 37.96
4 25.97 39.31
5 28.61 41.04
6 to 10 184.04 45.14
(Rs. in Crore)
As at As at
31.03.2023 31.03.2022
4. UNRECOGNIZED ITEMS:
4.A: Contingent Liabilities
(Rs. in Crore)
As at As at
S.No, Particulars
31.03.2023 31.03.2022
Claims against the Company not acknowledged as debts:
(i) Demand from Divisional Forest Officer towards NPV for renewal of different 7.91 7.91
mining leases – contested by the Company
(ii) Workmen Compensation (cases contested – court) 1.93 1.94
(iii) Motor Accident claims (cases contested – court) 0.28 0.31
(iv) Police Guard (excess man power billed disputed) - 2.98
(v) S C Railways (damages, demurrages etc. disputed) 0.98 0.98
(vi) Water Royalty (billed at Industrial rate disputed) - 2.48
(vii) Vacant Land Tax (Levy contested) - -
(viii) Contractors, Suppliers & Customers 1,854.37 734.75
(ix) Other disputed claims & Legal cases etc. 50.54 46.32
(x) Service Tax demands were raised on OBR contractors by Service
Tax Department treating value of free issue explosives and HSD oil as
additional consideration to them. The demands of Service Tax Department
have been contested by the Service Providers. Pending adjudication of
disputed demands, SCCL issued letter of comfort to the contractors with
commitment to reimburse Service Tax, interest and penalty thereon in case
the verdict goes against them.
However, Larger Bench of CESTAT, New Delhi in the case of M/s.
Bhayana Builders (P) Ltd., and others held that value of the goods and
materials supplied free of cost of being neither monetary nor non-monetary
consideration and would be outside the taxable value or the gross amount
charged to Service Tax.
In the appeal filed by M/s. SV Engg. Constructions, to whom comfort letter 337.64 337.64
was given by SCCL, the Hyderabad Circuit Bench of CESTAT has given
judgment in favour of M/s. SV Engg. Constructions.
Further, in appeals filed by M/s. PLR Projects Pvt. Ltd., M/s Gulf Oil
Corporation Ltd., M/s GRN Construction Pvt. Ltd., M/s. BGR Mining & Infra
Pvt. Ltd. And SV Engg. Constructions, CESTAT, Bangalore has passed a
judgement in favour of the Contractors.
Against the order passed by the CESTAT in the case of M/s. Gulf Oil
Corporation Ltd, the Service Tax Department has filed a Civil Appeal in
the Hon’ble Supreme Court. The Supreme Court has pronounced its
judgement on the Civil Appeal stating that material issued free of cost does
not attract service tax (Civil Appeal Nos 1335-1358 of 2015). However,
as the individual orders for the cases filed by Contractors are yet to be
received, the service tax liability against the Comfort Letter is considered
as contingent liability.

As at As at
S.No, Particulars
31.03.2023 31.03.2022
(xi) (a) Excise Duty demands on quantity disputes. 5.70 5.70
(b) Education Cess and Secondary Higher Education Cess demands 0.78 0.78
raised by Excise Department from March, 2011 to March, 2015
contested by SCCL
(c) CEC on Coal removed to Captive Power plants located at KGM & 0.20 0.20
RGM for the period from Dec-12 to Dec-16
(d) CEC on Closing Stock as on 30.06.2017 (Pre-GST) 223.39 223.39
(xii) a) Tax Demands from Commercial Taxes Department (including entry tax) 4.48 4.19
which are disputed by SCCL and pending before various appellate
authorities for adjudication.
b) GST on Forest Permit Fee under RCM from FY 2017-18 to FY 2022- 65.65 -
23 (The Order passed by Appellate Authority of Advance Ruling,
Telangana was contested before Hon’ble High Court vide WP
No.10329 of 2023.
(xiii) Tax Demand from Income Tax department which are disputed by SCCL 391.30 340.11
and pending before various appellate authorities for adjudication.
Tax Demand from Income Tax department which are disputed by SCCL 31.70 26.46
and pending before various appellate authorities for adjudication against
which SCCL has filed Rectification Petition
(xiv) a) Tax Demand on Irregular availment of credit on certain services which 1.66 1.66
are ineligible (services connected to Transmission, Lighting, Canteen,
Railway Siding, Maintenance and Repairs of Building, Laying and
Repairs of Road, Bore well, RO plants, Air ticketing)
b) Service Tax on DMFT, NMET and Forest Permit Fee against the 112.76 112.76
showcause notice No.22/2019-20, Dt. 18.12.2019 issued by
Commissioner of Central Tax and Customs for short payment of
Taxes. The Service Tax demand for DMFT and NMET was requested
to be kept pending in the call book pending final decision of Supreme
Court in a similar matter. The Service Tax demand on the Forest
Permit Fee was paid under protest.
(xv) Professional Tax:
A Demand Notice has been issued by Dy.C.T.O KGM for an amount of 289.26 279.96
Rs.176.44 Crore basing on G.O. No. 14897/CT-IV/2004, Dt. 23.02.2013
for recovery of arrears of Professional tax from employees and remittance
to the Dept. for the years 1990-91 to 2012-13 which has been kept in
abeyance based on the Management’s representations. The Commissioner
(CT), Hyderabad has referred the matter to the Govt of Telangana vide
CCT’s Ref No: A.(3)/109/2014 dated 28.09.2015 for kind examination of
SCCL’s request and to take appropriate decision regarding payment of
professional tax of Rs.204.44 (Rs.176.44 plus 28.00 Crore for the period
from April 2014 to May 2015). Till date, no further demand notice is received
on the matter. The estimated Professional Tax for the further period of June
2015 to March 2023 is included in the Contingent Liability being reported.
As at As at
S.No, Particulars
31.03.2023 31.03.2022
(xvi) (a) Claims for additional compensation decided by the Lower Courts in 148.83 146.50
favour pattadars which were contested by the company in Higher
Courts for Acres 1,480 Guntas 10 ( PY Acres: 1,466, Guntas 19 3/4)
(b) Claims in respect of suits filed by the Pattadars for additional Not Not
compensation for Acres 3,437 Guntas 15 (Previous year: Acres: 3,538 quantifiable quantifiable
Guntas 31 1/4) contested by the Company and pending in Courts.
(xvii) An amount of Rs.13.56 Crore has been charged to M/s. B.G.R. Mining &Infra Pvt. Ltd., towards lead
variation charges and recognised as income during the year 2012-13. As against recovered amount of
Rs.13.56 Crore, an amount of Rs.5.81 Crore was released during the year 2013-14 keeping the Bank
Guarantees for an amount of Rs.7.65 Crore as collateral security. A case has been filed by the contractor
before the Hon’ble XXVI Addl Chief Judge, CCC, Hyderabad challenging the above recovery.
(xviii) Coal pilferage was reported in Financial year 2013-14 involving 12099 Tonnes, valued at Rs.4.04 Crore.
The party made a conditional deposit of Rs.4.37 Crore and the amount is kept under deposits. Pending
enquiry issue is not dealt in the books.
The contingent liability indicated above is excluding interest wherever applicable.
4.B: CAPITAL COMMITMENTS

(Rs. in Crore)
As at As at
S.No. Particulars
31.03.2023 31.03.2022
1 Estimated value of capital commitment for 2 X 600 MW Singareni 457.74 606.90
Thermal Power Project, Jaipur, Telangana State.
2 Estimated value of capital commitments of other contracts to be 786.78 436.18
executed
3 Estimated value of capital commitments - Solar Power Plants 459.03 127.41
Total 1,703.55 1,170.49
4.C: UNEXECUTED COMMITMENTS

4.C.1: Unexecuted Sale Commitments (Rs. in Crore)
As at As at
S.No. Particulars
31.03.2023 31.03.2022
1 Value of Commitment against the Unexecuted Sale orders. 3,292.05 4,019.12

4.C.2: Unexecuted Purchase/Service order Commitments (Revenue)

(Rs. in Crore)
As at As at
S.No. Particulars
31.03.2023 31.03.2022
1 Value of Commitment against the Unexecuted Orders - Revenue 6,209.13 1,419.87
Material
2 Value of Commitment against the Unexecuted Service orders -
Revenue.
i) OB Removal Contracts 4,325.12 6,961.26
ii) Coal Offloading Contracts 1,765.84 2,815.90
iii) Coal & Sand Transport Contracts 695.97 485.60
iv) Washery Services 1,257.35 1,283.51
v) STPP O&M Contracts 217.57 286.29
vi) Other Revenue Contracts 3,707.62 2,324.60
Total Commitments against Revenue Orders 18,178.60 15,577.03
4.D: Other Commitments/Guarantees (Rs. in Crore)

As at As at
S.No. Particulars
31.03.2023 31.03.2022
1 Bills Receivable from M/S.TS GENCO/ M/S.AP GENCO /M/S.TS 4,144.16 3,359.79
TRANSCO discounted with Banks (HDFC/SBI/CANARA/IDBI).
for which the Company has undertaken to indemnify the banks
in the event of non-honouring of the Bills of Exchange by M/S.TS
GENCO/M/S. AP GENCO/M/S. TS TRANSCO on maturity.
2 The balance value of Surrounding Habitats Assistance Programme 0.49 3.97
(SHAPE) works to be executed.
3 Liability on the Works sanctioned towards CSR under CSR policy of 24.03 26.37
the company for the period upto FY 2018-19
4 Commitment towards Contribution for setting up of Medical College 287.42 440.00
at Ramagundam, Peddapalli District, Telangana
Total 4,456.10 3,830.13
4.D.1 Out of these Bills of Exchange discounted for Rs. 4,144.16 Crore outstanding as on 31.03.2023, the following
Bills have been honoured and discharged by the Customers as on 06.07.2023:
Customer Discounted with Bill Discounted (Rs. Crore) Maturity date

TSGENCO SBI 30.00 15-04-2023
TSGENCO SBI 30.00 15-05-2023
TSGENCO SBI 90.00 20-05-2023
APGENCO SBI 307.73 22-05-2023
TSGENCO SBI 153.11 29-05-2023
TSTRANSCO IDBI 180.00 23-06-2023
TSGENCO SBI 252.52 29-06-2023
APGENCO SBI 300.00 06-07-2023
Total 1,343.36
5. OTHER INFORMATION
5.1: Ind AS 115 -Revenue from Contracts with Customers
Significant judgments & other disclosures
1. Identification of contract
(A) Coal
a) Customers: Most of coal produced by the Company is supplied to thermal power plants. Coal
is also supplied to various industries that include, cement, sponge iron & others and also for captive
consumption.
b) Distribution and Marketing Policy: Government of India has issued New Coal Distribution Policy
(NCDP) on October 18, 2007 with an objective to meet the demand of coal from consumers of different
sectors of the economy, both on short term and long term basis, in an assured, sustained, transparent
and efficient manner with built - in commercial discipline. The Company abides by it.
The major types of arrangements / agreements as per NCDP are:
i) Fuel Supply Agreements (FSAs): As contemplated in and in accordance with the terms of the New Coal
Distribution Policy (NCDP), the Company enters into legally enforceable FSAs with customers. FSAs can
be broadly categorized into:
● FSAs with customers in the power utilities sector, including state power utilities, private power
utilities (PPUs) and independent power producers (IPPs);
● FSAs with customers in non-power industries (including captive power plants (CPPs))
● FSAs through linkage route.
● Memorandum of Understanding(MOU)
ii) E-Auction Scheme:
The E-Auction scheme of coal has been introduced to provide access to coal for customers who were
not able to source their coal requirement through the available institutional mechanisms under the NCDP
for various reasons, for example, due to a less than full allocation of their normative requirement under
NCDP, seasonality of their coal requirement and limited requirement of coal that does not warrant a
long-term linkage. The quantity of coal to be offered under E-Auction is reviewed from time to time by the
Ministry of Coal, Government of India.
iii) Shakti: A coal linkage policy named SHAKTI or the ‘Scheme to Harness and Allocate Koyla (Coal)
Transparently in India’ was introduced with an objective to auction long-term coal linkages to power
companies.
This policy award fuel supply agreements to coal plants already holding letters of assurance (LoAs). It is
issued to new consumers on being approved by the appropriate authority, based on recommendation of a
committee constituted. Specific terms & conditions of the LOA are to be complied with within a stipulated
time period for being eligible to enter into FSA for commencing coal supply.
Thermal plants holding LoAs will be eligible to sign fuel supply pacts under the new policy after ensuring
that all the conditions are met.
Coal linkages would be awarded to state-owned power distribution companies (DISCOMS). These, in
turn, would assign linkages to:

● State or Central power generation companies via allocation, and

● Private units through auction.
Transfer of Title of Goods: Once delivery of Coal have been effected at the Delivery Point by SCCL, the
property / title and risk of coal so delivered stand transferred to the purchaser in terms of this Agreement.
Thereafter SCCL in no way be responsible or liable for the security or safeguard of the Coal so transferred.
SCCL have no liability, including towards increased freight or transportation costs, as regards missing/
diversion of wagons / rakes or road transport en-route, for whatever causes, by Railways, or road
transporter or any other agency.
(B) Power
Power generated at Thermal Power Plant of the Company (STPP) is supplied to the TSDISCOMS, Telangana
state power distribution companies. A separate power purchase agreement (PPA) is entered by the company
with Electricity Distribution Company for 25 years valid up to 01.12.2041. The terms and conditions of PPA are
as per prevailing Telangana State Electricity Regulatory Commission (TSERC) regulations.
2. Performance Obligation (Transportation, Infrastructure and Logistics)
(A) Coal
a. Following the extraction of coal from a mine/working face, coal is transported to dispatch points through
tipping trucks and conveyor belts. Coal is delivered to the customers from the dispatch points through rail,
road, rope-way or dedicated rail MGR system.
b. All consignments dispatched are weighed either at company owned weighbridges available at SCCL
dispatch points or to the nearest weighbridges owned by the Railways. Sales are either “free on rail”
or “free on road” from the designated dispatch points. Customers may choose the mode of transport
between rail and road. If the dispatch point from the mines is within 20 kilometres, the customers bear
such transportation cost at specified rates as notified by the company from time to time. In circumstances
where the distance from the dispatch point is more than 20 kilometres from the mines, the customer bears
the actual cost of transportation.
c. The quality of coal delivered / to be delivered conforms to the specifications. The company makes
adequate arrangements to assess the quality and monitor the same to ensure that un-graded Coal (GCV
of less than 2200 Kcal/Kg for non-coking coal) is not loaded into the purchaser’s containers.
d. The company delivers sized coal with size conforming to specifications. SCCL makes reasonable efforts
to remove stones from coal.
e. The Company uses magnetic separators and metal detectors, at its coal handling / loading system at the
delivery point, where the same are already installed.
(B) Power
a. As per PPA, SCCL (STPP) is required to operate the plant as a base load station as per manufacturers
guidelines, applicable grid operating conditions, directions of the TSERC and relevant statutory provisions
as applicable from time to time.
b. SCCL is required to sell the capacity to the TSDISCOMs as per PPA shall, in each settlement period, be
as 85% of the declared capacity(DC) of the plant as determined by TSERC Tariff Regulations issued from
time to time.
c. SCCL is required to follow the SLDC’s directives, to back down, increase or resume generation, decrease
generation at time on a day, provided that such directives are consistent with the technical limits of facility,
Prudent utility practices.
3. Transaction Price
(A) Pricing of coal
a. The pricing of Non-Coking Coal is presently based on its Gross Calorific Value w.e.f. 01.01.2012 and that
of Coking Coal & Washery Grade Coal is set on the basis of ash level content. Pricing of coal for Semi
Coking Coal is set on the basis of ash & moisture content level. The coal price is revised considering the
escalation in input cost, inflation and landed cost of imported coal. The final customer price includes basic
price and other charges (Cess, Royalties, GST and others). Around 90% of Coal is sold under the long-
term fuel supply agreements (FSAs) executed between company and the linked customers. In addition,
coal is also sold under E-auction scheme.
b. The Purchaser pays the Base Price of Coal in accordance with the provisions of the Agreement. The
Base Price of Coal is declared by Company from time to time.
c. The “As Delivered Price of Coal” for the Coal supplies pursuant to the Agreement is the sum of Base
Price, Other Charges and Statutory Charges, as applicable at the time of delivery of Coal.
d. Base price/Standalone price means, in relation to a Declared Grade of Coal produced by SCCL, the
Pithead price notified from time to time by the company, as the case may be.
e. Variable Consideration:
i. Annual Contracted Quantity (ACQ): At the inception of the every year the Annual Contracted
Quantity of Coal is agreed which is to be supplied by SCCL and undertaken to be purchased
by the Purchaser from SCCL’s mines and/ or from international sources. For part of Year, the
ACQ is prorated accordingly. If for a Year, the Level of Delivery by SCCL, or the Level of Lifting
by the Purchaser falls below ACQ with respect to that Year, the defaulting Party is liable to pay
compensation to the other Party for such shortfall in Level of Delivery or Level of Lifting, as the case
may be (Failed Quantity). MOUs are signed for one year and above ACQ quantity.
ii. Performance Incentive: If SCCL delivers Coal to the purchaser in excess of the determined percent
of the ACQ in a particular Year, the purchaser pays SCCL an incentive (Performance Incentive/ PI).
iii. Adjustment for Grade Variance (Coal Quality Variance): SCCL gives regular credit/debit notes
on account of Grade variance to the extent of difference in the Base Price of Declared Grade and
analyzed Grade of Coal.
iv. Other Charges:
Surface Transportation charges: Where Coal is transported by SCCL beyond the distance of
three (3) KMs from pithead to the delivery point, the purchaser pays surface transportation charges,
as notified by SCCL from time to time.
Sizing/Crushing charges: Where Coal is crushed by mechanical means for limiting the top-size
to 100mm, or any other lower size, the Purchaser pays sizing/crushing charges, as applicable and
notified by SCCL from time to time.
Rapid Loading Charges: Where Coal is loaded through rapid loading system, the Purchaser pays
rapid loading charges notified by SCCL from time to time.
Evacuation charges: Recovery of evacuation charges is also done at the specified rate. In all
cases, the entire freight charges, irrespective of the mode of transportation of the Coal supplied, is
Additional charges: The Company collects additional charges like additional transport/ rehandling
cost, additional charges for coal loaded at specified sidings, Land adjustment, Engine Shunting

charges, Fuel Supply Surcharge, Forest Permit Fee and other elements at the rates notified from
time to time.
In all cases, the entire freight charges, irrespective of the mode of transportation of the Coal supplied, is
f. Statutory Charges: The statutory charges comprises royalties, cesses, GST, levies etc. if any, payable
under relevant statute but not included in the Base Price and/or other charges, is payable by the purchaser.
These levies/charges become effective from the date as notified by the Government/ statutory authority.
(B) Pricing of Power
a. The tariff for electricity supplied would be as determined under the tariff regulations of TSERC and
tariff order thereof from time to time. Tariff for sale of electricity would be based on prevailing TSERC
regulations from time to time.
b. Capacity charges are to be approved by the TSERC for each tariff year, to be claimed by SCCL.
c. Variable charges like Coal, Secondary fuel oil are calculated as per agreed formula under PPA and are
shown separately in monthly thermal energy bills. Incentives shall be calculated as per target plant load
factor as specified in Tariff order for 2x600MW Power Plant as a whole.
4. PAYMENT
A. Coal
i. Fuel Supply Agreement - Credit Sales
a. N T P C - Payment is to be received from the Purchaser within three days from the date of submission
of bills. Bills will be raised on daily basis.
b. TSGENCO / APGENCO - Bills will be raised in the first lot from 1st to 7th of the month, second lot
from 8th to 20th and third lot from 21st to the 30th/31st of the month. The Purchaser has to release the
payment within five days from the date of submission of bills (excluding day of submission).
c. KPCL / MSEB - Bills will be raised in first lot from 1st to 10th, second lot 11th to 20th and third lot
from 21st to 30th/31st of the month. Payment has to be received within three days from the date of
submission of bills (excluding day of submission).
d. In addition to the above, SCCL will go for MOUs for the above FSA customers, bridge linkage and
non-bridge linkage power customers for supply of coal on best efforts basis.
ii. E-Linkage - Auction of Linkage (AOL).
The customers without FSA and MOC Linkage are to be participated in the bidding in the open auction.
All the Power and Non-Power customers excluding the above and whose requirement of coal is more
than 10,000 Tons per annum are mandatorily get allotment of coal through auction of linkage (E-Linkage).
MOC has given an option to the customers to participate in AOL bidding or not, if their annual requirement
is 4200 to 10,000 Tons Per Annum. AOL contractors are in the nature of Long Term Contracts of five
years are considered AS FSA customers. Payment is 100% advance against each sale order. The
bidding quantity in the first year which is called as Annual Contracted Quantity (ACQ) will be considered
for the next five years.
iii. E-Auction - These are short term contracts for a period of three months. MOC has fixed maximum
E-Auction quantity is 10% of the total despatch quantity. All the customers’ viz., Power, Non-Power and
FSA, Non-FSA and Open Order customers can participate in the bidding. Payment is 100% advance.
iv. Rail Customers - Long term purchasers and good credit track record are extended credit of one rake
for three bank working days subject to submission of one rake advance amount in the form of Cash
Guarantee or Bank Guarantee. If the customer fails to repay the amount within three days, interest will
be charged equivalent to SBI CC Rate applicable to SCCL.
The Purchaser makes advance payment for a month in three (3) instalments for availing Coal supplies
from SCCL – first (1st) instalment on the first (1st) day of the month, second (2nd) instalment on the eleventh
(11th) day of the month and the third (3rd) instalment on the twenty first (21st) day of the month. Each of
these payment instalments cover the As Delivered Price of Coal for the Coal quantities that is one-ninth
(1/9th) of the QQ concerned.
Further, each of these instalments takes into account the average of Base Prices of Grades. However,
the third (3rd) instalment also include the adjustment amount with regard to the actual quantity of Coal
delivered and the quality of Coal vis-à-vis the advance payment made for the previous month. For the
avoidance of any doubt, such adjustment amount also includes the adjustment of quantity and quality.
v) Advances received from the customers are reported as customer’s deposits (contract liabilities) unless
the conditions for revenue recognition are met.
vi) Advance payment made by the Purchaser is non-interest bearing, and it changes in accordance with
change in the As Delivered Price of Coal. No significant finance component is included therein.
vii) Bills of Miscellaneous Claims:
● Compensation for short supply/lifting, is payable by the defaulting Party to the other Party within a
period of ninety (90) days from the date of receipt of claim failing which it will attract interest.
● After expiry of the Year, SCCL submits an invoice to the Purchaser with respect to the Performance
Incentive and the Purchaser pays the amount so due within thirty (30) days of the receipt of the
invoice failing which it attract interest.
viii) Annual Reconciliation / Adjustments: SCCL and the Purchaser jointly reconcile all payments made for
the monthly Coal supplies during the Year by end of April of the following Year. The Parties, forthwith, give
credit/debit for the amount falling due, if any, as assessed during such joint reconciliation. The annual
reconciliation statement is be jointly signed by the authorized representative of SCCL and the Purchaser
which is final and binding on both, SCCL and the purchaser.
B: Power
a. The monthly bill raised under PPA/Tariff order includes charges for supply of electricity, taxes, duties and
cess. Monthly bills are based on meter reading taken that has been mutually agreed by the both of the
parties.
b. Due date for payment for monthly bills presented is 60 days from the date of raising of Bill.
c. Rebate can be granted by SCCL which can be maximum to 2 percentage. If payments are made within a
week, maximum rebate granted to 1.25 percentage.
d. Additional bills on account of TSERC Regulations/ TSERC orders/ appellate tribunal of electricity/ other
court/ other competent authority to be billed through supplementary invoice unless included in monthly
invoice.
e. Payment is to be by TSDISCOMS by irrevocable letter of credit. Appropriation of payment made is to be
governed in mutually agreed manner as per PPA.
f. In case of any dispute, 95% of the disputed amount along with objection is to be filed within 30 days.

5.2: IND AS 116 : LEASES

5.2.1 In pursuance of the provisions of Ind AS 116 – Leases effective from 01.04.2019, the Company had
recognised the Lease Liabilities and Right of Use Assets, in respect of the Leases contained in the Service/
Hiring Contracts in operation where the contracts convey the right to control the use of the identified Assets
to the Company as a Lessee.
5.2.2 The amounts payable in respect of Low Value leases up to Rs.2.00 lakhs/PM per Asset and the Short term
leases of 12 months or less are fully charged to expense.
5.2.3 During the year, further Lease liabilities Rs.15.21 Crore and Right of Use Assets at the corresponding amount
are recognised in respect of the new Leases commenced during the Year 2022-23 (Previous Year 12.10
Crore). Further, Lease Liability and ROU Assets for an amount of Rs.0.13 Crore have been recognized due
to remeasurement of Lease Liability consequent to Lease Modifications. (Previous Year of Rs.3.96 Crore).
5.2.4 During the year, Finance cost of Rs.1.50 Crore (being the unwinding cost of interest of Rs.0.82 Crore at
respective rates on the Previous Year Leases after remeasurements and Rs.0.68 Crore @ 7.44% on the
new leases recognised during the year) and depreciation on Right of Use Assets for an amount of Rs.16.09
Crore (on straight line basis over the lease period of comprising of Rs.10.64 Crore on the Previous Year Right
of Use Assets after remeasurements and Rs.5.45 Crore on the Fresh Right of use Assets recognised during
the year) is charged off to Statement of Profit and Loss for the year 2022-23 after depreciation retirements
of Rs.28.99 (Previous year - Unwinding cost of Rs.1.40 Crore-Restated and Depreciation of Rs.14.90
Crore).
5.2.5 The identified value of lease payments of Rs.17.74 Crore after remeasurements (Previous year Rs.16.19
Crore) have been reduced from respective lease liabilities and the Hiring cost of the Assets. The overall
impact of the implementation of the Ind AS 116- Leases for FY 2022-23 is Rs.0.14 Crore only (Previous year
Rs.0.30 Crore-Restated ) (net decrease in expenditure).
5.2.6 The carrying amounts of Lease Liability and the Right of Use Assets as on 31.03.2023 are Rs.15.86 Crore
(Previous year Rs.16.75 Crore-Restated) and Rs.15.23 Crore (Previous Year Rs.15.98 Crore) respectively
after remeasurement.
5.2.7 Movement in Lease liabilities is given below:
(Rs. in Crore)
Balance at the beginning of the year 16.75 16.41
Additions during the year 15.34 16.06
Finance Costs accrued during the year 1.51 1.40
Deletions - (0.93)
Payment of lease liabilities (17.74) (16.19)
Balance at the end of the year 15.86 16.75
5.2.8 Contractual maturities of lease liabilities on undiscounted basis:

(Rs. in Crore)
One to three years 4.97 5.92
More than three years - -
5.2A: GOVERNMENT GRANTS:

CCDAC GRANTS:
5.2A.1 During the current year, Revenue of Rs.7.69 Crore is recognised as Revenue Grants against the Protective
works as per the approval accorded by CCDAC (Previous year Rs.1.82 Crore). Further, as CCDAC is not
considering the claims submitted by the company for sand stowing subsidy post implementation of GST, no
Revenue is recognised on the same during the current year also( Previous Year “NIL”).
5.2A.2 During the year Capital grants of Rs.151.47 Crore were approved by CCDAC and accordingly recognized as
receivable during the current year and adjusted against the carrying amount of related assets (Previous Year
NIL) (Refer Note No.27.3)
5.2A.3 During the year an amount of Rs.0.67 Crore (Previous Year Rs.3.16 Crore) and Rs.45.04 Crore (Previous
Year Rs.58.80 Crore) have been received against the Revenue and Capital Grants respectively approved by
CCDAC in the earlier years.
SOLAR GRANTS - VIABILITY GAP FUNDING (VGF)
5.2A.4 During the year, no further proceeds of Viability Gap Funding (VGF) are received from Solar Energy
Corporation of India (Previous Year Rs.27.37 Crore). (Refer Note No.4.2 and 24.2).
5.2A.5 Further, the second and final instalment of VGF Grant of Rs.27.00 Crore against the Solar Power Plants
(Phase-II) received on 12.06.2023 have been recognized as receivable on Reporting Date and reduced from
the corresponding value of the related Assets (Refer Note No:8.5)
Dust suppression with mist cannons at coal bunkers (RG OC-3 CHP)

5.3: PROVISIONS
The position and movement of various provisions as on 31.03.2023 are given below: (Rs. in Crore)
Opening Addition Closing
Write back/ Adj./ Unwinding
Balance during Balance
Provisions payments of dis-
as on the year as on
during the year counts
01.04.2022 31.03.2023
Note 3: Property, Plant and Equipment:
Impairment of Assets 709.11 68.98 (157.77) - 620.32
Note 4: Capital Work in Progress
Impairment of Assets 118.06 0.18 (60.02) 57.86
Note-6: Investments
Provision for Diminution of Investments 0.02 - - - 0.02
Note-8: Other Financial Assets
Prov Bad and doubtful debtors 13.40 2.05 - - 15.45
Note 11: Inventories:
Provision for Obsolete and Non Moving 74.51 17.15 (0.89) - 90.77
Stores
Provision for Damages & Shortages 0.21 - - - 0.21
Provision for Coal Stock/ Deterioration 4.61 - (3.54) - 1.07
Note 12: Trade Receivables
Prov. for Shale & Stone / Grade Variance 11.52 361.54 - - 373.06
Provision for Grade Variance-Disputed 76.76 17.19 - - 93.95
Samples
Prov. for Expected Credit Loss - Coal 56.39 40.44 (1.20) - 95.63
Prov. for Expected Credit Loss - Power 161.50 - - - 161.50
Prov. for Expected Credit Loss - Services - 0.39 - - 0.39
Prov. for Expected Credit Loss - Solar - 0.64 - - 0.64
Note 15: Current Tax Asset
Provision for Taxation 1,465.68 398.26 (529.12) - 1,334.82
Note-16: Other Current Assets
Prov for Bad & doubtful advances 14.71 4.09 18.80
Note 22: Non-Current & Current
Provision:
Gratuity 3,314.50 166.28 (745.19) 190.51 2,926.10
Leave encashment - Vesting 673.61 110.28 (24.48) 48.64 808.05
Leave Entitlement – Non vesting 171.43 20.13 - - 191.56
MMC & LPE 141.06 - 56.17 - 197.23
Settling Allowance 69.80 35.01 - - 104.81
Leave Travel Concession 66.31 16.95 - - 83.26
CPRMS – (E) 227.48 14.08 (4.21) 16.58 253.93
CPRMS – (NE) 602.58 30.85 (10.91) 43.45 665.97
Superannuation Benefit 396.01 - (11.22) - 384.79
Performance related pay – Exe 201.24 117.39 (79.81) - 238.82
Opening Addition Closing

Write back/ Adj./ Unwinding
Balance during Balance
Provisions payments of dis-
as on the year as on
during the year counts
01.04.2022 31.03.2023
Performance Linked Reward 297.53 315.32 (297.53) - 315.32
Scheme(PLR) (Exgratia)
Corporate Special Incentive 355.84 671.19 (360.29) - 666.74
Pay Revision Arrears (NCWA-XI) 434.42 1,131.89 - - 1,566.31
OBR (Net of Advance Action) 4,383.57 2,653.23 22.78 - 7,059.58
Backfilling 10,314.03 3,014.14 (1858.21) 764.84 12,234.80
Water Body 4,579.32 565.05 (7.91) 410.92 5,547.38
Mine Closure Plan 1,306.71 - (73.67) 102.54 1,335.59
Remedial Action Plan 87.81 9.65 (17.10) - 80.36
Provision for Environment Compensation 41.21 0.13 - - 41.34
(NGT)
CER & PH Commitments - 15.95 - - 15.95
Provision towards warranty on Sales 0.37 - - - 0.37
5.4: EARNINGS PER SHARE

For Profit after Tax (excluding Other Comprehensive Income):
Sl. For the year ended For the year ended

Particulars
No. 31.03.2023 31.03.2022
i) Net profit after tax attributable to Equity Share Holders 2,598.48 1,228.92
(in Rs.Crore)
ii) No. Of Equity Shares Outstanding(In Number) 1,73,31,98,119 1,73,31,98,119
iii) Basic Earnings per Share (in Rs.) (Face value Rs.10/- 14.99 7.09
per share)
5.5: RELATED PARTY DISCLOSURES

1. Details of Related Parties:
a) Entities exercising significant influence on the Company – NIL
b) Entities in which the Company has control :
i) Joint Venture:
The Company has formed a Joint Venture M/s. APMDC-SCCL Suliyari Coal Company Ltd with M/s
APMDC for exploration of coal in Suliyari Coal Block which is under voluntary Winding up.
c) Post Employment Benefit Funds:
i) Employees Group Gratuity Trust - 2003
ii) Executive Defined Contribution Pension Scheme -2007
iii) Contributory Post Retirement Medicare Scheme for Executive Trust
iv) Contributory Post Retirement Medicare Scheme for Non-Executives Trust

d) Other Related Parties:

i) Singareni Collieries Educational Society (SCES), Kothagudem
ii) Singareni Seva Samithi (SSS), Kothagudem
e) Key Management Personnel (KMP) of the Company :

1 Sri N. Sridhar Chairman & Managing Director Full period
2 Sri S. Chandrasekhar Director (Operations) Upto 31.01.2023
Director (PA&W) (FAC) From 20.08.2022 to
31.01.2023
3 Sri. N. Balram Director (Finance) Full period
Director(Planning & Projects)(FAC) Upto 31.01.2023
Director (P.A&W) (FAC) Upto 19.08.2022 & From
01.02.2023
4 Sri.D. Satyanarayana Rao Director (Electrical & Mechanical) Full period
5 Sri NVK Srinivas Director (Operations) From 01.02.2023
6 Sri G.Venkateswara Reddy Director (Planning & Projects) From 01.02.2023
7 Sri Manoj Kumar Nominee Director Full Period
8 Sri PSL Swami Nominee Director Upto 24.10.2022
9 Sri D.K.Solanki Nominee Director Full Period
10 Sri K. Ramakrishna Rao Nominee Director Full Period
11 Sri Sunil Sharma Nominee Director Full Period
12 Smt. Santhosh Nominee Director From 22.02.2023
13 Smt.K. Sunitha Devi Company Secretary Full Period
f) Key Management Personnel (KMP) of the Subsidiary :
S. No. Name Position Period

1 Sri. S. Chandrasekhar Chairman Up to 31.01.2023
2 Sri. N.V.K. Srinivas Chairman From 17.02.2023
3 Sri. K. Prasada Rao Managing Director Full Period
4 Sri. Y. Gopala Krishna Murthy Non-Executive Director Full Period
5 Sri. Manoj Kumar Prasad Non-Executive Director Up to 30.09.2022
6 Sri. SK.Pal Non-Executive Director From 23.01.2023
7 Sri. Ch. Narasimha Rao Non-Executive Director Full Period
8 Sri. P. Sri Rama Koteswara Rao Non-Executive Director Full Period
9 Sri. Kuchipudi Srinivas Rao Non-Executive Director Full Period
10 Sri. Juvva Seshagiri Rao Non-Executive Director Full Period
11 Sri. Y.S.S Suresh Non-Executive Director Full Period
12 Sri. Y. Srinivasa Rao Chief Financial Officer& Full Period
Chief Personnel Administration
& Vigilance
13 Sri. G. Srinivas Company Secretary Full Period
2. Transactions with related parties during the year:

i) Remuneration of Key Management Personnel of Company: (Rs. in Crore)

2 Sri S. Chandrasekhar 0.80 0.73
ii) Remuneration of Key Management Personnel of Subsidiary: (Rs. in Crore)
1 Sri K. Prasada Rao 0.61 0.57
2 Sri Y. Srinivas Rao 0.49 0.47
3 Sri G. Srinivas 0.44 0.42
b) Sitting Fees paid to Key Management Personnel (KMP)
i) Remuneration of Key Management Personnel of Company: (Rs. in Crore)

1 Sitting Fees - -
ii) Remuneration of Key Management Personnel of Subsidiary: (Rupees)

1 Sitting Fees 27,000 24,000
c) Transactions with Joint Venture - M/s. APMDC-SCCL Suliyari Coal Company Ltd:
During the year there are no operations. The Joint Venture was formed for exploration of coal in Suliyari
Coal Block. Hon’ble Supreme Court vide its judgement dated 25.08.2014 has cancelled this Coal Blocks
allocation. In the SCCL’s Board meeting held on 04.03.2017, it was accorded approval for voluntary winding
up of the JV Company and seeking repayment of Rs.9.80 Crore from JV Company which was contributed
by the company.
The winding up proceedings of the JV Company are yet to commence. The Company has made provision
towards diminution in the value of investments for Rs.49,000/- (Share Capital) and doubtful advances for
Rs.9.80 Crore ( Share application money kept in Advances account).
Details of Interest of the Company in Joint Venture as per IND AS-111:
(i) Name of the Joint Venture entity: APMDC – SCCL Suliyari Coal Company Ltd.
(ii) Country of Incorporation : India
(iii) Principal Activities : Coal & Lignite mining; generating power through Wind, Tidal and Solar sources
and Setting up integrated power plants
(iv) Ownership interest: 49%
(v) Original cost of Investment: Rs.49,000/- & Rs.9,79,51,000/- paid towards Share application.
(vi) Aggregate amounts related to interest in Joint Venture entity: The Company’s interest in the
aforementioned entity’s assets, liabilities, income and expenditure are not disclosed as the entities
financials are not finalised yet.

3. Balances receivable from / payable to related parties:

i) Other Payables (Employee Related - KMP) (Rs. in Crore)

2 Sri S. Chandrasekhar - 0.01
ii) Other Payables (Employee Related - KMP) - Subsidiary: (Rs. in Crore)

1 Sri K. Prasada Rao 0.02 0.09
2 Sri Y. Srinivas Rao 0.02 0.06
3 Sri G. Srinivas 0.02 0.05
4. Transactions and Balances with Employee Benefit Trusts/other parties:
a) Employees Group Gratuity Trust: (Rs. in Crore)
Transaction/Balances FY 2022-23 FY 2021-22

Contributions made during the year 1,099.13 332.50
Claims settled by the Trust during the year 689.22 439.14
Closing fund balance with Trust * 1,119.44 668.51
Unfunded liability towards gratuity provided by the Company 2,924.31 3,312.66
* For 2021-22, including an amount of Rs.17.99 Crore pertaining to the employees who have been reinducted and have not
refunded the Gratuity received by them as a part of terminal benefits.
b) Other Employee Benefit Trusts: (Rs. in Crore)
Contributions during
the year/ Claims Balance outstanding as
Particulars settled on behalf of on Reporting Date
Trusts
2022-23 2021-22 31.03.2023 31.03.2022
Executive Defined Contribution Pension Scheme 37.81 5.51 378.77 396.01
-2007
Contributory Post Retirement Medicare Scheme 11.04 10.78 253.93 227.48*
for Executive Trust(CPRMS-E)
Contributory Post Retirement Medicare Scheme 62.48 41.27 665.97 602.58 #
for Non-Executives Trust(CPRMS-NE)
* This includes liability recognized based on Actuarial Valuations.
# This includes the amounts contributed by the Employees and also the liability recognized based on Actuarial Valuations (Restated).
c) Transactions and Balances with other parties are as follows: (Rs. in Crore)
Balance Revenue Grants Closing

Funds released
Name payable as on Sanctioned during Balance as on
during the year
01.04.2022 the year 31.03.2023
Singareni Collieries Educational 18.32 30.56 31.51 17.37
Society, Kothagudem
Singareni Seva Samithi, Hyderabad - 0.78 0.78 -
5 a) Additional Information on Share of Parent Company and Subsidiary in Consolidation :
Net Assets i.e. total Share in Other
Share in profit or Share in Total Com-
assets minus total Comprehensive
loss prehensive Income
liabilities Income
As % As % As %
Name of the enterprise As % of
Amount of Con- Amount of Con- Amount of Total Amount
consoli-
(Rs. in solidated (Rs. in solidated (Rs. in Comper- (Rs. in
dated net
Crore) Profit or Crore) Profit or Crore) hensive Crore)
assets
Loss Loss Income
Parent:
The Singareni Collieries 99.57% 11936.2 99.91% 2596.4 99.65% (373.94) 99.96% 2222.46
Company Limited
Held by Subsidiary
APHMEL 0.37% 43.88 0.19% 4.85 0.35% (1.31) 0.16% 3.54
Non Controlling Interest in 0.07% 8.45 0.01% 0.18 - (0.01) 0.01% 0.17
APHMEL
Adj : Elimination/ -0.01% (0.75) -0.11% (2.78) - (0.01) -0.13% (2.79)
Adjustments on
Consolidation
100.00% 11987.78 100.00% 2598.65 99.99% (375.27) 100.00% 2223.38
b) The summarised Statement of Profit and Loss of subsidiary is provided below: (Rs. in Crore)
Year ended Year ended

Particulars
31.03.2023 31.03.2022
Income 45.41 27.98
Expenses 39.14 31.30
Profit/(Loss) before tax 6.27 (3.32)
Tax expenses 1.42 (0.67)
Profit for the year 4.85 (2.65)
Attributable to the owners of the company 4.67 (2.49)
Attributable to the non-controllig interest 0.18 (0.16)
Other comprehensive Income (1.32) (0.11)
Attributable to the owners of the company (1.31) (0.11)
Attributable to the non-controllig interest (0.01) -
Total comprehensive Income 3.53 (2.76)
Attributable to the owners of the company 3.36 (2.60)
Attributable to the non-controllig interest 0.17 (0.16)

c) Summarised Balance Sheet of Subsidiary is furnished hereunder: (Rs. in Crore)

Non-Current Assets 2.48 3.13
Current Assets 52.93 52.33
Non-Current Liabilities 2.91 4.51
Current Liabilities 8.63 10.61
Total Equity 43.87 40.34
Attributable to the owners of the company 35.41 32.05
Attributable to the non-controllig interest 8.46 8.29
d) Summarised Cash flows of Subsidiary are as under: (Rs. in Crore)
Particulars FY 2022-23 FY 2021-22

Net cashflow in operating activities (11.79) 11.49
Net cashflow from investing activities 0.66 0.62
Net cashflow in financing activities 0.01 0.01
Net (decrease)/Increase in Cash and Cash equivalent (11.12) 12.12
5.6: SEGMENT REPORTING

In terms of Paragraph 4 of Ind AS 108 ‘Operating Segments’, disclosures related to segments are presented in this
consolidated financial statements.
SEGMENT INFORMATION
a) The operating Segments are established on the basis of those components of the company that are evaluated
regularly by the Executive Committee (the ‘Chief Operating Decision Maker’ as defined in Ind AS 108 - ‘Operating
Segments’).The Company has two principal Operating and Reporting segments; Viz. Coal and Power - Thermal,
Solar. In addition, the subsidiary which is engaged in the manufacture & supply of Industrial Machinery & Spares
is also disclosed as a segment.
b) The accounting policies adopted for segment are in line with the accounting policy of the company with following
additional policies for segment reporting. Revenue and Expenses have been identified to a segment on the basis
of relationship to operating activities of the segment Revenue. Expenses which relate to enterprise as a whole
and are not allocable to segment have been disclosed as “un allocable”
c) Segment Assets and Segments Liabilities represent Assets and Liabilities in respective segments.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2023
I. Primary Information:
Sl. Heavy Machinery and
Particulars Coal Thermal Power Solar Power Eliminations Unallocated Total
No Services - Subsidiary
2021-22 2021-22 2021-22 2021-22 2021-22 2021-22 2021-22
2022-23 2022-23 2022-23 2022-23 2022-23 2022-23 2022-23
(Restated) (Restated) (Restated) (Restated) (Restated) (Restated) (Restated)
REVENUE
1 Segment Revenue
a External Turnover 21,768.42 16,632.33 4,395.86 3,833.37 19.40 27.71 15.15 6.30 - - - - 26,198.83 20,499.71
b Inter Segment Turnover
-STPP 2,709.57 2,174.44 - - - - - - (2709.57) (2174.44) - - - -
-APHMEL 1.80 1.70 - - - - 27.05 17.61 (28.85) (19.31) - - - -
-SOLAR POWER - - - - 131.38 50.15 (131.38) (50.15) - - - -
c Gross Turnover* (a+b) 24,479.79 18,808.47 4,395.86 3,833.37 150.78 77.86 42.20 23.91 (2869.80) (2243.90) - - 26,198.83 20,499.71
2 Segment Result before interest 2,370.64 546.62 729.75 771.30 21.31 36.29 5.47 (4.02) 3,127.17 1,350.19
and Taxes
3 Interest Revenue 781.14 705.06 0.08 0.08 - - 0.80 0.72 782.02 705.86
4 Interest Expense 11.29 58.95 307.65 239.89 9.91 27.28 0.00 0.02 328.85 326.14
5 Profit Before Tax (2+3-4) 3140.49 1192.73 422.18 531.49 11.40 9.01 6.27 (3.32) (2.60) 1.90 - - 3,577.74 1,731.81
6 Taxes & other adjustments
Income Tax - - - - - - 0.99 - - - 397.28 304.72 398.27 304.72
Deferred Taxes - - - - - - 0.43 (0.68) - - 580.39 199.01 580.82 198.33
Earlier year taxes - - - - - - - (0.01) - - - - - (0.01)
7 Profit after Tax (before OCI) 3140.49 1192.73 422.18 531.49 11.40 9.01 4.85 (2.65) (2.60) 1.90 (977.67) (503.73) 2598.65 1228.77
8 Other Comprehen-sive Income net 1.32 0.11 0.00 0.00 373.95 36.30 375.27 36.41
of Taxes
9 Profit after Tax (before adj. of inter- 3140.49 1192.73 422.18 531.49 11.40 9.01 3.53 (2.76) (2.60) 1.90 (1351.62) (540.03) 2223.38 1192.36
est in Associates)
10 Profit/(Loss) Related to Non Con- 0.17 (0.16)
trolling Interest
11 Profit after Tax ( after adj Non 2,223.21 1,192.52
Controlling Interest)
II. OTHER INFORMATION

Heavy Machinery and
Coal Thermal Power Solar Power Adjustment/ Eliminations Unallocated Total
Particulars Services - Subsidiary
2022-23 2021-22 2022-23 2021-22 2022-23 2021-22 2022-23 2021-22 2022-23 2021-22 2022-23 2021-22 2022-23 2021-22
Segment Assets 36,630.97 32,877.18 18,366.84 15,666.53 915.62 897.75 55.42 55.46 (3.68) 1.96 - - 55,965.18 40,743.51
Segment Liabilities 41,182.02 35,976.96 2,554.13 2,925.33 319.71 803.39 11.54 15.11 (11.38) (8.35) - - 39,602.99 32,050.17
Capital Expenditure 958.69 1,536.47 131.95 20.61 40.28 57.43 0.13 0.14 - - - - 1,131.06 1,614.65
Depreciation/ Amortization 1,811.95 1,185.09 431.45 425.75 36.14 29.77 0.11 0.14 - - - - 2,279.65 1,640.75
Expenses

Note: 1) Since the company is not having any business operations outside India, Secondary disclosure does not arise.
2) The Inter segment transfers are priced on Arms length basis except the orders placed on the subsidiary on nomination basis.
3) Capital Expenditure reported above is exclusive of the additions recognized for Site Restoration Assets. Capital Expenditure of Site Restoration Assets during the year Rs.3,003.27 Crore (Previous Year
375
Rs.3,412.95 Crore).
5.7: TAXATION
(i) Accounting for Taxes on Income under Ind AS-12: Calculation of Deferred Tax and Movement for
the year 2022-23
(Rs. in Crore)
Recognised in
As at As at
DEFERRED TAX ASSETS/ LIABILITY Statement of
31.03.2023 31.03.2022
Profit and Loss
A Deferred Tax Liabilities
Depreciation 996.72 (14.29) 1,011.01
Total 996.72 (14.29) 1,011.01
B Deferred Tax Assets
Back filling, Waterbody & Mine Closure Provision 275.97 (479.85) 755.82
Gratuity 627.89 (148.19) 776.08
Other Employment Benefits 683.79 97.54 586.25
Overburden Removal 349.38 (38.70) 388.08
Other Provisions 435.28 99.57 335.71
Total 2,372.31 (469.63) 2,841.94
Deferred Tax Assets (net) (B-A) 1,375.59 (459.41) 1,830.93
ii) Relationship between Tax Expense and Accounting Profit:

Numerical Reconciliation of difference: (Rs. in Crore)
Sl. For the Year ended

Nature of Adjustments
No. 31.03.2023
1 Net profit as per Statement of Profit and Loss (before tax) 3,577.74
2 Add/Less: Differences as per Income Tax Act (1997.80)
3 Taxable Profit for the purpose of Income Tax 1579.94
4 Applicable tax rate @25.168%u/s 115BAA 25.168%
5 IT on Taxable profit as per Income Tax Act, 1961 (3*4) 397.64
6 Taxes as per P&L A/c
a) Current year tax 398.26
b) Deferred Tax in P&L 455.33
c) Deferred Tax in OCI 125.50
d) Tax related to earlier years -
7 Net tax liability as per P&L A/c (6a+6b+6c+6d) 979.09
8 Other Comprehensive Income (Net of Deferred Tax) (375.27)
9 Profit after Tax (Total comprehensive income for the period) (1-7+8) 2,223.38
iii) Status of Income Tax Assessments:

Income Tax Assessments were completed up to AY 2016-17. For the AY 2017-18, the Income Tax
assessment is pending with Assessing Authorities due to pendency of Advance Ruling application filed
before the Board for Advance Ruling (BAR), Mumbai, on the issue of allowability of provisions made
for Back filling, Overburden Removal and Mine Closure obligations in the tax computation. For the AY
2018-19, the Income Tax assessment was completed except for the issues of allowability of provisions of
Backfilling, Mine closure and OBR due to pendency of Advance Ruling application filed before the Board
for Advance Ruling (BAR). Further, for the AY 2019-20 and AY 2021-22, the Income Tax assessments are
not selected for Assessment and the Income Tax assessment for the AY 2022-23 is in progress.
iv) Unsettled Tax propositions :
The expenditure reimbursed to Educational society was disallowed in the latest assessments by the Tax
Authorities, without change in law or the nature of claim. The company has contested the disallowance
before the Appellate Authorities and is expecting a favourable decision. The tax liability for the current year
is arrived duly considering the Educational Society expenditure as an allowable expenditure.
The Company had claimed deduction of Investment Allowance under section 32AC of the Income Tax Act,
1961, for the AY 2015-16 and AY 2016-17, on investment made in the new plant and machinery installed
in the new Power Plant situated at Jaipur (V), Telangana, being 15 percent of investment made in new
plant and machinery. This deduction claimed was disallowed on the ground that electricity/power is not an
article or product and also contending that dates of acquisition, installation certificates, bills have not been
furnished. The company has contested the disallowance before the Appellate Authorities and is expecting
a favourable decision.
5.8: INSURANCE AND ESCALATION CLAIMS :

Insurance and escalation claims are accounted for on the basis of admission/final settlement.
5.9: PROVISIONS MADE IN THE ACCOUNTS:

Provisions made in the Books of Accounts, against slow moving/non-moving/obsolete stores, Expected Credit Loss
on Advances and Doubtful Debts, impairment of Site Restoration Costs, Impairment of Other Mining Infrastructure
(Development Expenditure), Buildings (Factory), Buildings (Others), Roads, CWIP of OMI (Development Expenditure)
of UG Mines incurring losses etc., and Impairment of Development Expenditure at surrendered Coal Blocks are
considered adequate to cover possible losses.
5.10: CURRENT ASSETS, LOANS AND ADVANCES ETC:

In the opinion of the Management, Assets other than Property, Plant and Equipment and Non-Current Investments
have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated.
5.11: CURRENT LIABILITIES:

Estimated liability has been provided for where the actual liability could not be measured.
5.12: OTHER REGULATORY DISCLOSURES (AS NOTIFIED BY MCA)

i) The Company and the Subsidiary has not been declared willful defaulter by any Bank or Financial Institution
or Government or any Government Authority or other lender in accordance with the guidelines on wilful
defaulters issued by the Reserve Bank of India.
ii) The Company had filed quarterly returns / statements of Current Assets with Banks during the year. However,
slight variances are noticed in the same when compared with financial records. Hence, revised quarterly
returns / statements have been filed with the Banks on 01.07.2023 and the revised returns / statements are in
agreement with the Books of Account.

iii) The Company and the Subsidiary does not own any Benami Property neither any proceedings or initiated nor
pending against the Company under the Prohibition of Benami Property Transactions Act, 1988.
iv) Relationship with Struck off Companies:
The Company has no transactions with Companies struck off under section 248 of the Companies Act, 2013
or section 560 of the Companies Act, 1956 except for the following:
(Rupees)
Nature of Relationship
Balance Balance
transaction with with the
Name of struck off company outstanding outstanding
struck off Struck off
as at 31.03.2023 as at 31.03.2022
company company
FLOCON SYSTEMS (P) LTD. Trade Payables 94,778.00 94,778.00 Supplier of
Material
The Subsidiary company does not have any transaction with struck off companies which were defined as per
section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.
v) The Company and the Subsidiary have not advanced or loaned or invested funds (either borrowed funds
or security premium or any other sources or kind of funds) to any other person(s) or entity(ies), including
foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the
Intermediary shall
on behalf of the Company (Ultimate Beneficiaries) or
b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
vi) The Company and the Subsidiary have not received any fund from any person(s) or entity(ies), including
foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the
group shall:
on behalf of the Funding Party (Ultimate Beneficiaries) or
b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
vii) There is no income surrendered or disclosed as income during the current or previous year in the tax
assessments under the Income Tax Act, 1961, that has not been recorded in the Books of account.
viii) The Company and the subsidiary has not traded or invested in Crypto Currency or Virtual Currency during the
current or previous year.
5.13. OTHERS:
A) Consequent to handing over of 9 schools, 2 colleges and 1 Polytechnic to Singareni Collieries Educational
Society, all running expenses of these institutions, after deduction of receivables from these institutions (viz.,
Grant-in-Aid, Fee collections from students, recoveries from the employees towards amenities provided etc.,)
are being met by the Company by way of Educational Grant. Further, infrastructure used by the Society is
continued to be under the ownership of the Company for which no recovery is made from the Society.
B) The Company engages contractors for removal of Overburden. In some of the contracts, the contractors are
eligible for Bonus in respect of the quantity of HSD oil saved by them during the course of the contract, which
is to be set off against future excess consumption as per contractual terms. Further, these Contractors can
claim and en-cash such accrued Bonus at the end of every Financial Year at their option. Considering the
uncertainty, the value of HSD oil saved at SRP OC.I of Rs.4.11 Crore after adjusting the quantity of Diesel
against non-deployment of anciliary equipment as per the recommendations of Vigilance and &Enforcement
Directorate, Telangana State is not provided for in Books of Account as on 31.03.2023 (Previous year Rs.
72.31 Crore).
C) Balance Confirmations:
i) Balance confirmation/reconciliation is carried out for cash & bank balances, certain loans & advances,
long term liabilities and current liabilities. Provision is taken against all doubtful unconfirmed balances.
ii) Joint reconciliation with major sundry debtors is done periodically. Further, in respect of Power Dues
from TSPCC/TSDISCOMs, the Company is in the process of Joint Reconciliation from FY 2019-20 to
FY 2022-23.
D) Physical verification of Property, Plant and Equipment:
Physical verification of all Property, Plant and Equipment with original value of Rs.3 Lakh and above of the
Company will be covered in block of 3 years. The block of 2021-23 commenced from FY 2021-22.
i) Property, Plant and Equipment with original value > Rs.50 Lakh annually.
ii) Property, Plant and Equipment with original value > Rs.10 Lakh and < Rs.50 Lakh once in three years
(2nd year of Block).
iii) Property, Plant and Equipment with original value > Rs.3 Lakh and < Rs.10 Lakh once in three years (3rd
year of Block).
The Property, Plant and Equipment mentioned at (i) & (ii) were physically verified during FY 2022-23 and
deviations are accounted / regularized and in respect of other assets, the same are confirmed as available
based on certification by the respective unit heads.
5.14: STATEMENT OF OPENING STOCK, PRODUCTION, TURNOVER AND CLOSING

STOCK OF COAL:
(Rs. in Crore)
For the year ended 31.03.2023 For the year ended 31.03.2022
Particulars Quantity in Value Quantity in Value
‘000 T (Rs. in Crore) ‘000 T (Rs. in Crore)
Opening Balance(Restated) @ 4,838.70 905.85 5,395.95 883.68
Production 67,137.24 - 65,021.96 -
Despatches to Outsiders 61,277.56 21,764.00 60,157.17 16,783.76
Internal Consumption (incl. STPP) 5,401.88 2,709.57 5,413.03 2,174.44
Adjustments for adopted Stock - - - -
Shale/Stone Write off 15.04 - 9.01 -
Closing Balance*** (#) @ 5,281.45 1,548.17 4,838.70 905.85
*** The above Closing Stock includes 15,044.60 Tonnes of shale valued at “NIL” rate (Previous Year 11,339.01 Tonnes)
# Closing stock includes 7,645.84 Tonnes of Coal in transit at STPP as on 31.03.2023 valuing Rs.4.13 Crore. (PY 7,674.24 Tonnes
valuing Rs.3.29 Crore) (Restated).
@ The Opening and Closing values of Stocks are reduced by Rs.4.61 Crore and Rs.1.07 Crore respectively towards non-saleable
Washery Rejects of 4.99 LT and 1.16 LT respectively.

6. SIGNIFICANT CHANGES/ MODIFICATIONS IN THE ACCOUNTING POLICIES:

Significant accounting policies (Note-2) have been suitably modified / re-drafted over previous year, as found
necessary to elucidate the Accounting Policies adopted by the Company in pursuance of suggestions of Auditors
and for adopting Peer industry practices as per the frame work of Indian Accounting Standards (Ind AS) notified by
Ministry of Corporate Affairs (MCA) under the Companies (Indian Accounting Standards) Rules from time to time.
The following are the major changes/ modifications to the Accounting Policies of the Company in the current year:
6.1 Revenue from Sale of Solar Banked Units
Up to FY 2021-22, considering the non-materiality of the Income generated from sale of Solar Banking Units
when compared to other business verticals i.e. Sale of Coal and Sale of Thermal Power, no specific Accounting
Policy was drafted into the Accounting Policy of Company. However, C&AG has suggested to mention a
separate line activity for sale of Solar Banked Units in the Accounting Policies and also suggested to recognize
Revenue from sale of Solar Banked units net of 2% Banking charges.
In view of the above, an Accounting Policy for recognizing the Revenue from Sale of Solar Banking Units is
proposed to be included in the Significant Accounting Policies of the Company.
Financial Impact:
As Revenue was already recognized in the previous years, no specific impact on adoption of this new clause
in the Accounting Policy.
However, due to deduction of banking charges, Rs.0.64 Crore provided towards doubtful debts upto FY 2021-
22. Further, there is a reduction in the Revenue from Solar Banking Units during the Current year FY 2022-23
by Rs.0.40 Crore owing to deduction of banking Charges while recognizing revenue for the current year.
6.2 Recognition of Penalty Income on realization:
As per the existing Accounting Policy, the penalties for short lifting of Coal, on termination of contract, for delay
in supply of material / execution of contracts are being recognized as Income on realization. For this purpose,
in case of encashment of BG’s for appropriation towards penalties the invocation of BG is considered as
realization by the Company as per the consistent practice being followed.
However, in order to avoid ambiguity and yield better clarity to the interpretation of Accounting Policy in
consonance with the practice being followed, an explanation is added in the clause. Accordingly, the sub-
clause of the Accounting Policy is further amplified by adding explanation to this effect. Since, the modification
is in the nature of specifically mentioning the practice being followed continuously for giving clarity, there is no
specific financial effect.
6.3 Componentization of Significant Spares:
As per the provisions of Ind AS-16 PPE, the significant spares of the Plant equipment are to be capitalized and
depreciated over the useful life instead of charging the same to consumption. For implementation of above
componentization of significant spares a committee was constituted drawing members from Technical and
other related departments.
Pending finalization of committee report, during the FY 2021-22 the company has adopted tentative threshold
limit of Rs.25 Lakhs per unit for identifying the significant spares. The significant spares falling under above
Rs.25 Lakhs category have been identified and classified as Capital Work in Progress as on 31.03.2022 for a
value of Rs.69.21 Crore, pending assessment of the useful life of the respective spare/component.
During the year, based on the useful lives certified by the Technical Depts,. componentization of significant
spares was carried out. For this purpose a sub-clause is added in the accounting policy related to PPE at sub-
clause related to componentization of spares. Since, the lives of the significant spares have been assessed in
the current year only and as it is not practical to carryout componentization retrospectively, the change in the
Accounting Policy is applied prospectively.
Financial Impact:
Due to componentization of significant spares, there is a reduction in the cost of the material consumed by
Rs.69.21 Crore in the Current year. Further, the depreciation charged on the spares componentized amounted
to Rs.20.15 Crore. Consequently, there is a net increase in the Profit Before Tax (PBT) for the year 2022-23 by
Rs.49.06 Crore. Considering the Income Tax @ 25.168%, the increase in the Profit After Tax (PAT) for the year
2022-23 is Rs.36.71 Crore.
6.4 Provision for Non-moving / Obsolete Stores Items at STPP:
During the year 2020-21, provision for non-moving stores procured for Thermal Power Generation (STPP) was
recognised for an amount of Rs.16.41 Crore time frame of 3 years from the date of receipt of material as being
considered for coal mining vertical. However, during the year FY 2021-22, after ascertaining the principles
adopted by M/s.NTPC for classifying the non-moving items at Thermal Power Generation Units i.e time frame
of 5 years, the non-moving provision made at STPP was reviewed and as no spares and stores were falling
under the non-moving category, the provision of Rs.16.41 Crore made in FY 2020-21 was withdrawn in the year
FY 2021-22.
However, since the Accounting Policy of the Company and also M/s.NTPC for recognition of non-moving stores
provision are akin except change in wording of Policy and time frames for classifying the non-moving items
are not mentioned in both the policies, no changes / modifications were made to the Accounting Policy of the
Company for adopting the above time frame of 5 years for STPP Operations. However, the C&AG during the
course of Audit of Accounts for the Year 2021-22 had suggested to modify the Accounting policy for non-moving
stores of STPP by mentioning time frames.
In view of the above, the Accounting Policy of the Company pertaining to classification of non-moving items and
creation of provision there for is modified suitably by specifying the time frames adopted for Coal Mining and
Thermal Power Generation activities separately.
Financial Impact:
The impact of the change in the Policy was already adopted in FY 2021-22 and an amount of Rs.16.41 Crore
(earlier provision recognized in FY 2019-20 applying time frame of 3 years) was withdrawn in FY 2021-22.
During the current year FY 2022-23, an amount of Rs.4.87 Crore is recognized as provision for non-moving
items at STPP by adopting time frame of 5 years.
6.5 Closing Stock Valuation – Ind AS 2 Vs Cost Accounting Records – Alignment of
method of valuation in the Books of Account:
The valuation of Closing Stock of Coal at Mines and CHPs is being carried out by considering the cost of
production or NRV whichever is less. To review the cost of production adopted for valuation of Closing Stock as
per Cost Accounting Rules and as per Ind AS 2 and to align the closing stock valuation in the Books of Account
as per the cost Records, a Committee of Finance Officers was deputed to M/s. WCL, Nagpur for study of the
practice being followed at their end for the purpose of valuation of Closing Stock, as per Cost Records and as
per Ind AS.
The committee has reported that at M/s. WCL, CPRMS (E & NE) provisions are not considered as relevant
Costs and amortization of Site Restoration Assets (MCP) is included in the Cost of Production. Further, during
the visit of Senior Officers to M/s. CIL in April 2023, the method of valuation of closing stock was enquired. It is
informed to the Committee that a high power committee is constituted at CIL level and report of the Committee
is awaited.

Considering the above, the cost of production as per the Cost records is adopted for closing stock valuation as
per Ind AS 2 also from FY 2022-23.
The change in the method of valuation of in the Closing Stock Valuation (i.e. inclusion / exclusion of the Cost
Elements as per cost records) is considered as a Change in the Accounting Policy as per Ind AS 8 and to be
applied retrospectively.
Financial Impact:
Upto FY 2020-21 (Earliest period):
There is increase in the value of closing stock by Rs.160.20 Crore which is adjusted as an increase in the
Retaining Earning as on 31.03.2021. The Deferred Tax thereon of Rs.40.32 Crore is also recognized as
a reduction in the Retained Earnings as on 31.03.2021. The Net Increase in the Retained Earnings as on
31.03.2021 is Rs.119.88 Crore.
FY 2021-22 (Comparative period):
There is a increase in the value of closing stock as on 31.03.2022 by Rs.153.85 Crore. After adjusting the
increase in Stock as on 31.03.2021 the decrease in the value of closing stock is Rs 6.35 Crore, which is
recognized as a change in the reported corresponding figure of Changes in the Inventory.
Consequent to this, there is decrease in the Profit Before Tax by Rs.6.35 Crore. After adjusting the Deferred
Tax of Rs.1.60 Crore, the net decrease in the Profit After Tax for FY 2021-22 is Rs.4.75 Crore.
Reporting Year FY 2022-23:
There is an increase in the value of closing stock as on 31.03.2023 by Rs.205.10 Crore. After adjusting the
increase in Stocks upto 31.03.2022, the increase in the value of closing stock is Rs.51.25 Crore for the current
year 2022-23.
Consequent to this, there is an increase in the Profit Before Tax by Rs.51.25 Crore. After adjusting the current
Tax of Rs.12.90 Crore, the net increase in the Profit After Tax for FY 2022-23 is Rs.38.35 Crore.
6.6 Inventorization of Medicines:
As per the extant Accounting Policy of the Company Medicines are being charged directly to consumption on
receipt itself. However in pursuance of the system study conducted by Internal Audit Dept, the Audit Committee
approved to inventorize medicines for efficient monitoring the procurement and consumption patterns.
For Inventorization of medicines suitable changes are made to the existing Accounting Policy related to
Inventories. The change in the Accounting Policy of Inventorization of Medicines is to be applied retrospectively.
For this purpose, in addition to bringing the existing stock of medicines and other items into stock records during
the current year, the stock of medicines as on 31.03.2021 and 31.03.2022 (i.e. earliest period and comparative
periods) respectively are also brought into the Books of Account, in pursuance of provisions of Ind AS 8 for
retrospective application of this new Accounting Policy.
Financial Impact:
Upto FY 2020-21 (Earliest period)
The stock of medicines, surgical and other items as on 31.03.2021 is to be recognized by way of increase in
the Retained Earnings by Rs.12.95 Crore. The Deferred Tax of Rs.3.26 Crore is reduced from the Retained
Earnings.The Net Impact is increase in the Retaining Earnings by Rs.9.68 Crore.
The value of stock of medicines, surgical and other items as on 31.03.2022 was Rs.13.79 Crore. Hence, the
increase of Rs.0.84 Crore in the inventory value of medical / surgical and other items is to be transacted as a
restatement of Reported figure of Changes in the Inventory of FY 2021-22 with consequent increase in the PBT.
After adjusting the Deferred Tax Impact of Rs.0.21 Crore, the Net increase in the PAT for the year 2021-22 is
Rs.0.63 Crore.
For the Year 2022-23 (Reporting Year)
The value of the medicines brought into inventory records (MM Module) during the current year amounted
to Rs.12.95 Crore. After setting off of the stock of medicines brought into records upto 31.03.2022, the net
decrease in the stock of medicines, surgical and other items is Rs.0.84 Crore. Consequent to this there is a
decrease in the PBT of the FY 2022-23. After adjusting the Deferred Tax of Rs.0.21 Crore the net decrease on
the PAT of FY 2022-23 is Rs.0.63 Crore.
6.7 In addition to above, some textual modification are made to the Accounting policy related to Depreciation
for specifying the adoption of useful life of Mines as the basis for charge of deprecation of Mine related fixed
assets and rates specified in TSERC Regulations for STPP related Assets for yielding more clarity. Further,
few textual changes are also made to other polices wherever required to correct typographical errors and for
yielding more clarity.
7. FUTURE CHANGES IN THE ACCOUNTING POLICIES:

The Ministry of Corporate Affairs (MCA) notifies new standard or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as amended from time to time.
As per requirement mentioned at Para No. 30 of Ind AS 8 (Accounting Policies, Changes in Accounting estimates
and Errors), the amendments to Standards that are issued, but not yet effective, up to the date of issuance of
the Company’s Financial Statements are required to be disclosed.
The amendments effective from 01.04.2023 to relating to ‘Ind AS-1 Presentation of Financial Statements’
with regard to disclosure of Accounting Policies as ‘Material Accounting Information’ rather than as Significant
Accounting Policies and Ind AS-8 - Accounting Policies, Changes in Accounting Estimates and Errors relating
to definition of Accounting Estimates for distinguishing between change in accounting estimates and changes in
Accounting Policy and Ind AS-12 - Income Taxes relating to narrowing down the scope of the initial recognition
exemption so that it does not apply to transactions that give rise to equal and offsetting temporary differences.
are being analysed. Pending detailed analysis, the Company expects that the amendments proposed by MCA
do not have any Significant Impact on the Financial Statements.
8. IND AS 10 – “ EVENTS AFTER THE REPORTING PERIOD” :

The material non-adjusting events after the Reporting Period which are required to be disclosed in the Financial
Statements for the current year have been appropriately disclosed in the Notes wherever required.
The material Non Adjusting Events After the Reporting Date (i.e 31.03.2023) i.e. declaration of dividend for the
year 2022-23 was disclosed at Note no 39.11.
9. MATERIAL PRIOR PERIOD ERRORS:

i) Inclusion of BC/Top Soil removal at external Dump of IK OC as Over burden removal quantities:
During the year 2020-21 & 2021-22, 13.99 L.cum and 15.60 L.cum respectively of BC Soil excavated at
IK OCP Mine, under the external dump outside quarry area were reported as OB Removal Quantities by
Project Authorities. Accordingly OBR Schedules have been prepared considering the BC Soil quantities
also.
As the BC/Top Soil removal quantities under external dump shall not be considered in OB removal
Quantities, these quantities are not considered for review of general review of Project Stripping ratio by
Project Planning Dept. This excess consideration of quantities in OB Removal accounting is considered

as a material Prior period error and corrected by retrospectively as per Ind AS-8 read with the Company’s
significant Accounting Policy No.2.2.21.
Consequently, the Backfilling Provision of respective years is also influenced by the above Prior period
error in OBR accounting in view of adoption of weighted Average outsourced OB removal rate/cum for
assessing the Backfilling Obligation. This consequential prior period error is also corrected retrospectively.
Financial Impact:
Consequent to the above ,there is an increase in OBR Adjustment and back filling charge by Rs.40.82
Crore (Increase in charge) out of which an amount of Rs.15.87 Crore is transacted by way of reduction
in Retained Earnings as on 01.04.2021.Conisidering the Deferred Tax Asset of Rs.1.04 Crore, the net
decrease in the Retained Earnings as on 01.04.2021 is Rs.14.83 Crore.
The remaining amount of Rs.24.95 Crore is transacted by way of restatement of reported figures of the
comparative period i.e. FY 2021-22. Consequently, there is a reduction in Profit before Tax by Rs.24.95
Crore. Considering the Deferred Tax Asset of Rs.0.84 Crore, the net decrease and PAT of FY 2021-22 by
Rs.24.11 Crore.
ii) Omission to recognize partial Backfilling Obligation for MNG OC :
As per the Revised Environment Clearance for MNG OCP obtained from MOEF Dt.18.02.2022 the depth
of the mine void shall be reduced from current 200 m to 150m (at least) and height of OB Dump and
re-grade it for better landscaping. However, the Technical Dept Project had not considered the above
revised EC conditions in the estimation of Backfilling and water body obligations of FY 2021-22 since
representations were made to MoEF to consider final void depth at 200 m in line with approved Mining
plan which is base document for the grant of EC.
As per the revised EC conditions, it is required to backfill the final void with 8.71 M.cum to bring the void
depth from 200 m to 150 m in addition to adequate Engineering interventions shall be provide for the
sustenance of aquatic life there in for final void area of 158.96 Ha with a depth of 150 m from earlier 200
m. However, during the FY 2022-23, Technical Dept has proposed to adopt the revised EC to consider
partial backfilling and partial waterbody as per the above revised EC conditions.
Since the revised EC condition i.e. partial backfilling and partial waterbody should have been adopted
in FY 2021-22 itself and provision should have been reassessed based on the revised EC condition, the
issue is considered as a Prior Period Error and corrected retrospectively as per Ind AS-8 read with the
Company’s significant Accounting Policy No.2.2.21.
Financial Impact:
Consequent to above correction of Prior period Error , there is a net decrease in the Unwinding cost of FY
2021-22 by Rs.1.65 Crore and increase in the depreciation on corresponding asset for FY 2021-22 by
Rs.18.81 Crore. This impact was corrected by way of restatement of reported figures of the Comparative
Period i.e. FY 2021-22. Owing to this, there is a reduction in the Profit Before Tax of FY 2021-22 by
Rs.17.16 Crore. After considering the Deferred Tax Asset of Rs. 4.32 Crore, the net decrease and PAT
of FY 2021-22 by Rs.12.84 Crore.
iii) Omission to regularize reduction in MAT credit :
During the year 2018-19, MAT Credit of Rs.192 Crore was recognised and the Tax Expense was reduced
accordingly. Subsequently, it was observed that the MAT Credit was overstated by Rs.60.34 Crs (the
Mine Closure Provision of Rs.172.67 Crore was wrongly claimed) which should have been regularized
in 2019-20. This excess recognition of MAT Credit in FY 2018-19 and its non regularization in 2019-20 is
considered as a material Prior Period error and corrected by retrospectively by way of adjustment against
the Retained Earnings as on 01.04.2021 as per Ind AS 8 read with the Companies significant Accounting
Policy no.2.2.21.
Financial Impact:
Consequent to above correction of Prior period Error, there is a decrease in the opening balance of
Retained Earnings as on 01.04.2021 by Rs.60.34 Crore and corresponding reduction in the Current Tax
Asset (grouping Debit).
iv) Other Prior Period Errors:
In addition to the above, few Prior Period Errors viz. non accounting of receivable against the CMPS
charges recovered from CMPF authorities in respect of employees whose service was extended from
60 years to 61 years, excess provision for sampling charges, repairs & maintenance, omission to make
provision for perks tax, short recognition of ROU lease liability charging the Magnetic separators to
revenue though approval was accorded for procurement as capital items etc. have been identified during
the year.
These Prior Period Errors are required to be corrected retrospectively as per Ind AS -8 read with the
Company’s Accounting Policy No 2.2.21.
Consequently, the above prior period errors amounting to Rs.12.81 (Net Income) and Deferred Tax
Impact there on of Rs.3.81 Crore (net impact being Rs.9.00 Crore) have been corrected retrospectively
by restating the opening balance of Retained Earnings as on 01.04.2021 (earliest period) by Rs.1.75
Crore (net Increase in Retained Earnings) and by restating the comparative reported figures for the
Previous Period i.e 2021-22 by Rs.7.25 Crore (net Increase in PAT).
10. EXCEPTIONAL ITEMS:

i) Remediation Action Plan:
During FY 2022-23, ECs were approved for four Mines by MoEF&CC and EAC/SEAC recommended ECs
for six Mines recommending the activities for Rs.20.65 Crore towards implementation of RP, CRAP,NCRAP
& PH commitments as against the provision made for Rs.26.30 Crore. Accordingly, excess provision of
Rs.5.65 Crore was written back and credited to Profit and Loss Account of the Current Year. Further, an
amount of Rs.8.13 Crore is provided towards implementation of RP, CRAP, NCRAP & PH commitments in
respect of the remaining Mines in Violation Category. The Net increase in the Provision Rs.2.48 Crore(PY
withdrawal of Rs.4.43 Crore).
ii) Provision for Environment Compensation – (Hon’ NGT):
During the year 2022-23, provision for an amount of Rs.0.13 crore is made consequent to the notice
issued by TSPCB on 05.06.2023 environmental violation observed at Kharagura OCP, in pursuance of
Hon’ NGT directions. (PY Rs. 41.21 Crore).
iii) Penalties levied on Supplier for performance failure at Adriyala Longwall Project:
During the year, decision was taken to impose penalties on supplier against the for failure to achieve
performance obligations at Adriyala Longwall Project. Accordingly, 20% equipment value withheld of Euro
1,09,09,741.01 have been adjusted towards Penalty. In addition, the Bank Guarantee submitted by the
Firm for Euro 55,43,664.00 was also invoked. This Penalty Income arising out of the settlement of dispute
translated into Rs.147.22 Crore is classified and presented as Exceptional Item for FY 2022-23.
Considering the specific nature of the above expenditures, the Company has classified and disclosed the
same as an Exceptional Items as per Para No. 9.6 of Guidance Note issued by ICAI on Division II - Ind
AS Schedule -III to the Companies Act, 2013.

11. DIVIDEND INFORMATION:

For the year 2021-22, dividend was declared by the shareholders in the AGM held on 29.12.2022 @ 7.5% of paid up
Share Capital. The Dividend of Rs.129.99 Crore was paid during the current year and adjusted against the Retained
Earnings.
For the year 2022-23, the Board of Directors have recommended dividend @ 10% of the Paid up Share Capital
which works out to Rs.173.32 Crore. Pending declaration of Dividend for the year 2022-23 by the shareholders in the
ensuing AGM, the same is not accounted in the Books of Account as it is in the nature of an ‘Non Adjusting Event’
after the Reporting Date as per the provisions of Ind AS 10 “Events after the Reporting Date”.
12. DISCLOSURES WITH REGARD TO IMPACT OF COVID-19 ON THE COMPANY’S

OPERATIONS:
I. Impact of Covid-19 during FY 2022-23
a) Coal Mining Operations:
The performance of the Company with regard to coal mining operations is normal during the year and
there is no impact of COVID -19.( PY reduction in the production and dispatches of coal by 2.00 LT).
Further, there is no reduction in the revenue and PBT from coal operations of Current Year ( PY - reduction
in Revenues of Rs.53.00 Crore and reduction in PBT of Rs.35.00 Crore).
b) Power Plant Operations (STPP) :
The performance of the Company with regard to operations of STPP in current year as well as and
previous year have been normal and there was no impact of COVID -19 on the Gross Generation and
Net Export during the current year as well as previous year.
II. Impact of Covid-19 on the Operations of FY 2023-24:
Due to restoration of normal conditions it is expected that any further break-out of next waves of Covid-19, if
any, are not expected to have any significant influence on the operations of the Company during the year 2023-
24.
13. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS:

a) As far as possible, the Consolidated Financial Statements are prepared using uniform Accounting Policies
for like transactions and other events in similar circumstances and are presented in the same manner as
the Company’s separate Financial Statements.
b) Significant Accounting Policies and Notes to these Consolidated Financial Statements are intended to
serve as a means of informative disclosure and a guide for better understanding the consolidated position
of the companies. Recognizing this purpose the Company has disclosed only such Policies and Notes
from Individual financial statements, which fairly present the needed disclosure.
c) The financial statements of the company and its subsidiary company are combined on a line-by-line
basis adding together the book values of like items of assets, liabilities, income and expenses, after fully
eliminating intra-group balances and intra-group transactions resulting in unrealized profits or losses in
accordance with IND AS-110 - ”Consolidated Financial Statements” as notified by the Companies Act,
2013.
d) Shares in the Subsidiary i.e., M/s. APHMEL held by the Holding Company as at 31.03.2023 is 1,40,82,700
Equity Shares out of 1,72,71,293 Shares of Rs.10/- each and extent of holding is 81.54%. The excess of
the purchase consideration paid over the parents portion of equity has been attributed as goodwill, details
are given below:
S. Date of No. of Book value Cost of Capital Goodwill

No. investment Shares of investment Investment Profit (Rs. (Rs. in Crore)
(Rs. in Crore) (Rs. in Crore) in Crore) (d-e+f)
(a) (b) (c) (d) (e) (f) (g)
1 Up to 1997-98 6,01,300 0.60 0.60 - -
2 20.06.1998 49,02,700 4.90 - (14.16) 9.26
3 22.12.2000 85,78,700 8.58 8.58 (5.69) 5.69
Total 1,40,82,700 14.08 9.18 (19.85) 14.95
e) Joint Venture with, APMDC-SCCL Suliyari Coal Company Limited was not consolidated as the Financial
Statements are not made available. During the year, there are no transactions with the JV Company and
the winding up proceedings are yet to commence.
14.1 Previous period’s figures have been regrouped, rearranged and renumbered wherever considered necessary.
14.2 The effect of changes/modifications in the Accounting Policies and Correction of Material Prior Period Errors as
mentioned at Note No.39.9 and 39.6 have been carried out by restating each of the affected financial statement
line items for prior periods as per Ind AS-8. The impact of the restatement on the Company’s Consolidated
Financial Statements is furnished hereunder:
Sand from Overburden material: POB Plant at Bhupalapalli area

Balance Sheet (Consolidated)

As at 1 April 2021
st
(Rs. in Crore)
Particulars
reported
ASSETS:
(b) Capital Work-In-Progress 4 1,538.96 - 1,538.96
(e) Goodwill 14.95 - 14.95
(f) Other Intangible Assets 5C 0.80 - 0.80
(g) Intangible Assets - Under Development 5D 367.11 - 367.11
(i) Investments 6 2,800.19 - 2,800.19
(ii) Others 8 4,738.73 - 4,738.73
(i) Deferred Tax Assets (Net) 9 2,060.14 (43.12) 2,017.02
(j) Other Non-Current Assets 10 580.46 - 580.46
Total Non-Current Assets (A) 26,559.92 (35.05) 26,524.87
B. Current Assets:
(a) Inventories 11 1,297.33 173.15 1,470.48
(iv) Investments 6 0.96 - 0.96
(v) Loans 7 59.07 2.34 61.41
(vi) Others 8 547.03 - 547.03
(c) Current Tax Asset (Net) 15 194.86 (60.34) 134.52
Total Current Assets (B) 14,183.59 115.15 14,298.74
TOTAL ASSETS (A+B) 40,743.51 80.10 40,823.61

As at 1 April 2021
st
(Rs. in Crore)
Particulars
reported
A. EQUITY:
(b) Other Equity 18 6,951.69 56.16 7,007.85
(c) Non Controlling Interest 8.45 - 8.45
Total Equity (A) 8,693.34 56.16 8,749.50
B. LIABILITIES:
(i) Borrowings 19 3,621.26 - 3,621.26
(b) Provisions 22.1 20,516.66 23.94 20,540.60
(i) Borrowings 19 1,724.59 - 1,724.59
(ii) Trade Payables
- Others 20 B2 815.22 - 815.22
(iii) Lease Liability 21 A-2 12.72 - 12.72
(iv) Other Financial Liabilities 21 B-2 1,509.33 - 1,509.33
(b) Other Current Liabilities 24 2,332.30 - 2,332.30
(c) Provisions 22.2 1,207.33 - 1,207.33
Total Current Liabilities (B.2) 7,627.46 - 7,627.46


As at 31st March, 2022 (Rs. in Crore)
S. Note Accounting Policies
Particulars
No. No Restated
as at 31.03.2022 *
ASSETS:
(b) Capital Work-In-Progress 4 1,350.58 1.28 1,351.86
(e) Goodwill 14.95 - 14.95
(f) Other Intangible Assets 5C 0.41 - 0.41
(g) Intangible Assets - Under Development 5D 598.16 - 598.16
(i) Investments 6 1,800.19 - 1,800.19
(ii) Others 8 6,513.29 - 6,513.29
(i) Deferred Tax Assets (Net) 9 1,827.62 3.32 1,830.94
(j) Other Non-Current Assets 10 829.83 - 829.83
Total Non-Current Assets (A) 29,953.86 56.62 30,010.48
B. Current Assets:
(a) Inventories 11 1,472.25 (5.50) 1,466.75
(iv) Investments 6 1,000.00 - 1,000.00
(v) Loans 7 56.49 0.51 57.00
(vi) Others 8 665.15 - 665.15
(c) Current Tax Asset (Net) 15 28.62 - 28.62
Total Current Assets (B) 19,572.10 (5.00) 19,567.10
TOTAL ASSETS (A+B) 49,525.96 51.62 49,577.58
Balance Sheet (Consolidated) (Contd...)

As at 31st March, 2022 (Rs. in Crore)
Particulars
No. No Restated
as at 31.03.2022 *
A. EQUITY:
(b) Other Equity 18 8,157.49 (33.84) 8,123.65
(c) Non Controlling Interest 8.29 - 8.29
Total Equity (A) 9,898.98 (33.84) 9,865.14
B. LIABILITIES:
(i) Borrowings 19 2,776.29 - 2,776.29
(b) Provisions 22.1 25,606.50 94.14 25,700.64
(i) Borrowings 19 1,363.26 - 1,363.26
(ii) Trade Payables
- Others 20 B2 994.28 - 994.28
(iii) Lease Liability 21 A-2 5.81 1.54 7.35
(iv) Other Financial Liabilities 21 B-2 1,277.64 (206.74) 1,070.90
(b) Other Current Liabilities 24 5,225.77 256.32 5,482.09
(c) Provisions 22.2 2,045.53 (59.81) 1,985.72
Total Current Liabilities (B.2) 10,930.64 (8.68) 10,921.96

Statement of Profit & Loss (Consolidated)

Particulars
31.03.2022 Adjustments 31.03.2022
(I) Revenue from Operations 26 20,499.70 - 20,499.70
(II) Other Income 27 1,401.04 (1.87) 1,399.17
(III) Total Income (I+II) 21,900.74 (1.87) 21,898.87
(IV) EXPENSES:
Cost of Materials Consumed 28 4,529.05 (0.77) 4,528.28
Changes in Inventories of Finished goods 29 (27.18) 6.35 (20.83)
Employee Benefits Expense 30 6,711.64 (8.94) 6,702.70
Finance Costs 31 1,326.83 (0.68) 1,326.15
Depreciation and Amortization expenses 31A 1,600.60 19.30 1,619.90
Power & Fuel 32 394.96 - 394.96
Repairs & Maintenance 33 220.58 (0.51) 220.07
Contractual Expenses 34 2,764.15 1.55 2,765.70
Provisions 35 807.20 - 807.20
Write offs 36 338.57 - 338.57
Stripping Activity (OBR) Adjustment 753.90 21.64 775.54
Other Expenses 37 674.69 (2.64) 672.05
Total Expenses (IV) 20,094.99 35.29 20,130.28
(V) Profit/(Loss)before Exceptional Items and 1,805.75 (37.16) 1,768.59
Tax (III-IV)
(VI) Exceptional Items 38 36.78 - 36.78
(VII) Profit / (Loss) Before Tax (V) - (VI) 1,768.97 (37.16) 1,731.81
(VIII) Tax Expense:
(1) Current Tax 304.72 - 304.72
(2) Tax relating to Earlier periods - - -
(3) Deferred Tax 201.66 (3.32) 198.34
Total Tax Expense 506.38 (3.32) 503.06
(IX) Profit (Loss) for the period from Continuing 1,262.59 (33.84) 1,228.75
Operations (VII - VIII)
(XII) Profit/ (loss) from discontinued operations (After - -
Tax) (X- XI)
(XIII) Profit/(loss) for the Period (IX+XII) 1,262.59 (33.84) 1,228.75
Attributable to:
Equity Shareholders of Parent 1,262.75 1,228.91
Non-Conrolling Interest (0.16) (0.16)
Statement of Profit & Loss (Consolidated) (Contd...)

Impact of correction of error and
changes in Accounting Policies
S. Note
Particulars For the year ended
No. No.
Adjust-
31.03.2022 31.03.2022
ments
Remeasurement of Employee Benefit Obligations (48.66) - (48.66)
Less: Income tax relating to items that will not be 12.25 - 12.25
B. Items that will be reclassified to profit or loss - - -
Less: Income tax relating to items that will not be - - -
Total Other Comprehensive Income (XIV) (36.41) - (36.41)
(XV) Total Comprehensive Income for the Year (XIII+XIV) 1,226.18 (33.84) 1,192.34
Attributable to:
Equity Shareholders of Parent 1,226.34 - 1,192.50
Non-Conrolling Interest (0.16) - (0.16)
(XVI) Earnings per Equity Share (Face value of Rs.10/- each): @
(1) Basic (in Rs.) 7.28 7.09
(2) Diluted (in Rs.) 7.28 7.09
@ There is no material impact on the Group’s basic and diluted earnings per share.
14.3 (i) Note-1 gives Corporate information;
(ii) Note-2 represents Significant Accounting Policies
(iii) Note-3 to Note-25 form part of the Balance Sheet as at 31st March, 2023
(iv) Note-26 to Note-38A form part of Statement of Profit & Loss for the year ended on that date; and
(v) Note-39 represents Additional Notes to the Financial Statements for FY 2022-23.
(vi) The Consolidated Financial Statements for the year ended 31.03.2023 have been approved by the Board
and authorized for issue on 14.07.2023.
Sd/- Sd/- Sd/- Sd/-
ACS No. 51468 DIN: 08319629 DIN: 02510496
Sd/- Sd/-
Partner Partner
Date : 14.07.2023
Place : Hyderabad

Innovative Eco initiative : Green captains selected

from Each Class of Singareni High Schools and Yoga Training classes conducted for
Colleges are presented badges by Sri N.Balram IRS, 100 days as part of International Yoga Day and
Director (Finance) & (PA&W) at Women's College Azadi Ka Amrut Mahotsav
Kothagudem
Self employment training programs for women Plantation Programme at GKOC, KGM area
Plantation Programme at SRP area Sri N. Balram, IRS, Director (Finance) and (PA&W)
planting a sapling in connection with Telangana
Dasabdi Utsav at Singareni Bhavan, Hyderabad
Foundation Stone Laid for Construction of Building Swimming Pools in Residential Colonies
for MRI-CT Scan at Main Hospital by Sri N. Balram,
IRS, Director (Finance) & (P,A&W)
Trained Rescue teams with Modern Rescue Company level Volleyball Tournament is
Equipment (MRS, Ramagundem 2) organised by WPS&GA at Bellampally Area
Inauguration of LOCHANA-Auditors Room at Corporate F&A Department by Director (Finance)

Sri N. Balram, IRS, Director (Finance) & (P, A&W) exchanging MOU Documents with Union Bank
Officials on Super Salary Account Scheme covering accident insurance to employees
JVR OC Over Burden dump with plantation
Eco park at GK OC premises Kothagudem

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102nd Annual Report & Accounts for the year 2022-2023

THE SINGARENI COLLIERIES COMPANY LIMITED

102ND ANNUAL REPORT & ACCOUNTS FOR THE YEAR 2022-2023

Performance indicators at a glance 1

BANKERS: Location of mining areas:

COST AUDITORS: Mancherial & Komarambheem Asifabad Districts

THE SINGARENI COLLIERIES COMPANY LIMITED i

Functional Directors (Whole time)

3. Director (Personnel, Administration & Welfare)

4. Director (Electrical & Mechanical)

6. Director (Planning & Projects)

Government of India nominee Directors (Part time)

2. Sri D.K.Solanki (From 03.01.2022)

3. Smt. Santosh (From 22.02.2023)

Sri PSL Swami (From 26.06.2019 to 25.10.2022)

Government of Telangana nominee Directors (Part time)

4. Sri K.Rama Krishna Rao (From 28.06.2014)

5. Sri Sunil Sharma (From 22.10.2021)

Smt. Korlapati Sunitha Devi Sri Mullapudi Subba Rao

ii 102nd Annual Report & Accounts for the year 2022-2023

THE SINGARENI COLLIERIES COMPANY LIMITED iii

Graphs Indicating Important Statistics

Productivity (O.M.S) (Tonnes/Man Shift) Social Overheads (Rs. in Crore)

Manpower (Nos.) Debtors (Rs. in Crore)

Net Sales (Rs. in Crore) Debtors as No. of months' Sales

iv 102nd Annual Report & Accounts for the year 2022-2023

PERFORMANCE INDICATORS AT A GLANCE

THE SINGARENI COLLIERIES COMPANY LIMITED 1

The Singareni Collieries Company Limited

By order of the Board

2 102nd Annual Report & Accounts for the year 2022-2023

None of the Directors is personally interested in the resolution proposed to be passed.

THE SINGARENI COLLIERIES COMPANY LIMITED 3

102nd Annual General Meeting of SCCL held on 29.09.2023 at

Coal Production in Open cast mine with Shovel, Dumper combination

4 102nd Annual Report & Accounts for the year 2022-2023

THE SINGARENI COLLIERIES COMPANY LIMITED 5

2022-23 2021-22 % variance over

Reasons for shortfall in production against the target:

6 102nd Annual Report & Accounts for the year 2022-2023

2022-23 2021-22 Variance over 2021-22

2022-23 2021-22 Variance over 2021-22

Note: Figures shown in brackets indicate percentage achievement of CMPDI norm.

THE SINGARENI COLLIERIES COMPANY LIMITED 7

Performance of Underground Mining Machinery

Note: * Figures shown in ( ) indicate % achievement of system utilization.

8 102nd Annual Report & Accounts for the year 2022-2023

Year Rail Road Merry-go-round Rope-way Total

2022-23 44.74 14.04 7.30 0.61 66.69

Rake Loading performance:

Year Target Actual

* Rake consists of 57 to 59 wagons.

Measures taken for improving the quality of Coal:

Particulars Unit 2022-23 2021-22

THE SINGARENI COLLIERIES COMPANY LIMITED 9

EMPLOYEES’ WELFARE MEASURES AND SOCIAL SECURITY SCHEMES:

Activities through Singareni Seva Samithi:

10 102nd Annual Report & Accounts for the year 2022-2023

 International Women’s Day organized at all Areas on 8th March, 2023.