Question

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In which year the Nizam of Hyderabad purchased the SCCL ?​

Answer 1

Answer:

The Nizam of Hyderabad purchased majority shares of the Company in 1945 making SCCL the first Government managed Coal Company in India.

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Answer 2

Explanation:

The Nizam of Hyderabad purchased majority shares of the Company in 1945 making SCCL the first Government managed Coal Company in India. The Company came under State control in 1949 and is now jointly owned by Government of Andhra Pradesh and Government of India with equity participation in the ratio of 51:49.

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