22 hrs ago
Singareni to Pay Rs.819 Crore Bonus to Over 71,000 Workers
Singareni is a company that mines coal.
It made Rs.6,394 crore in profit during the 2024–25 financial year.
Union minister G. Kishan Reddy announced that the company will share Rs.819 crore of that profit with its workers.
More than 71,000 people will get a bonus.
About 41,000 regular workers will each receive Rs.1,95,610.
More than 30,000 contract workers will each receive Rs.5,500.
That is Rs.500 more than contract workers received last year.
The government has also recently announced other benefits for coal-sector workers.
Singareni Collieries Company Limited will distribute Rs.819 crore in bonuses to more than 71,000 regular and contract employees.
The payments come from profits earned in financial year 2024–25, when SCCL reported a profit of Rs.6,394 crore.
Union minister G. Kishan Reddy said the bonus amounts to 13 per cent of that profit.
About 41,000 regular employees will receive Rs.1,95,610 each; more than 30,000 contract workers will receive Rs.5,500 each.
Contract workers’ bonus is Rs.500 higher than the Rs.5,000 paid last year.
- Who
- Singareni Collieries Company Limited and its more than 71,000 regular and contract employees; the announcement was made by Union minister G. Kishan Reddy.
- What
- SCCL will distribute Rs.819 crore in bonuses from its 2024–25 profits.
- Where
- Singareni Collieries Company Limited, in Hyderabad-related reporting; the distribution location is not specified.
- When
- The bonus is for financial year 2024–25; the announcement date is not stated.
- Why
- The bonus is being paid from SCCL’s profits as a worker benefit.
Key facts
- Total bonus
- Rs.819 crore
- Employees covered
- More than 71,000 regular and contract employees
- Financial year
- 2024–25
- SCCL profit
- Rs.6,394 crore
- Bonus share of profit
- 13 per cent
- Regular employee payment
- About 41,000 employees will receive Rs.1,95,610 each
- Contract worker payment
- More than 30,000 workers will receive Rs.5,500 each, Rs.500 more than last year
Sources
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