The Telangana Rashtra Samithi (TRS) Government, on the 19th of September, announced a bonus of 28 % for the workers of Singareni Collieries Company Limited (SCCL.)
K. Chandrashekar Rao, the Chief Minister of Telangana, said, “I am happy to announce that we are increasing the percentage of profit share by another 1 % to 28 per cent. By increasing the share in profits, each worker will now get Rs. 1,00,899 as a bonus, this is Rs. 40, 530 more than the last year’s bonus. This is a bonus given by the Telangana State Government to the SCCL workers and employees as the Dussera festival’s gift. I hope and wish that the SCCL workers and employees will take this gift as an inspiration and work with more dedication and commitment to enable the SCCL to get more successes and profits (sic.)”
The SCCL is a coal mining company and a public sector undertaking (PSU,) owned jointly by the Telangana Government and the Central Government.
K. Chandrashekar Rao, the Chief Minister of Telangana, appreciated the efforts of the Company and its workers for paving the way for the State’s development in coal mining.
Mr. Rao spoke about the growth of the SCCL and said in the financial year between 2013 and 2014, the SCCL produced 50.47 million tonnes of coal, but now, the production has increased to 64.41 million and the profit to Rs. 1,765 crores.
K. Chandrashekar Rao said the SCCL progressed in coal production, transport, sales, profits and in increasing the turnover, under the governance of the TRS.
KCR felt happy and said, “It is a proud moment for all of us when the SCCL fared better than the Coal India in almost all parameters related to the coal management in the country.” He further added, “Our Government feels that the sweat that each and every SCCL worker shed in creating the national wealth, often coming out of jaws of death, is no way inferior to the sacrifices of our own army personnel fighting at the borders. This is precisely the reason, why the Telangana State government had always been taking measures for the SCCL workers’ welfare and protecting them like eyelids (sic.)”
The SCCL workers will receive the bonus during Dussehra.
The Chief Minister’s Office (CMO,) on the 19th of September, issued an official notification regarding the same.
Stay tuned for further updates.
