8 hrs ago
BRS Plans Singareni Meeting, Demands Workers’ Profit Share
The BRS party plans to hold a large meeting in Ramagundam on October 14.
It says the meeting will draw attention to problems at Singareni Collieries and concerns raised by its workers.
The party wants the company to announce its profits and give workers a share.
It is also asking for eligible dependents to get jobs, pending payments to be cleared, and union elections to be held.
T. Harish Rao said workers’ profit share has gone down since the Congress government took power.
He also said company profits may be much lower this year.
Rao blamed delays and other administrative problems, and questioned the need for another overdraft.
These claims and demands were made by BRS leaders.
The BRS plans a public meeting called Singareni Karmika Garjana in Ramagundam on October 14 at 5 pm.
BRS leaders say the meeting will highlight issues facing Singareni Collieries Company Limited and its workers.
The party is demanding immediate disclosure of profits and a share for workers, as well as dependent jobs, pending payments and union elections.
T. Harish Rao said workers’ profit share fell from 32% under the BRS to 16% in the first year of Congress rule and 12.5% in 2024–25.
Rao cited profits of ₹6,394 crore in 2024–25 and estimated this year’s profit may not exceed ₹1,800 crore; he also questioned a proposed ₹4,000 crore overdraft.
- Who
- The BRS, including T. Harish Rao and working president K. T. Rama Rao.
- What
- A public meeting to highlight Singareni issues and press demands concerning workers and company profits.
- Where
- Ramagundam, Telangana.
- When
- October 14 at 5 pm; Harish Rao made the calls and allegations on Wednesday or Thursday, according to the reports.
- Why
- The BRS says Singareni and its workers face serious problems, including a reduced worker profit share.
BRS claims
Company or government response
Singareni’s finances and administration
BRS claims
Harish Rao alleged that administrative failures, tender delays and higher-cost contracts contributed to serious problems and falling profits.
Company or government response
The articles provide no response from the Congress government or Singareni Collieries Company Limited to these allegations.
Workers’ profit share
BRS claims
The BRS says the workers’ share fell from 32% to 16%, then to 12.5%, and demands disclosure of profits and workers’ rightful share.
Company or government response
The articles do not include a response from the government or company on the profit-share figures or the BRS demand.
Key facts
- Meeting name
- Singareni Karmika Garjana
- Date and time
- October 14 at 5 pm
- Location
- Ramagundam
- Workers’ profit share
- 32% under the BRS government, then 16% in the first year of Congress rule and 12.5% in 2024–25, according to Harish Rao
- Reported company profits
- ₹4,712 crore in 2023–24 and ₹6,394 crore in 2024–25, as cited by Harish Rao
- Current-year profit estimate
- Harish Rao estimated this year’s profit may not exceed ₹1,800 crore
- Other demands
- Dependent jobs for eligible candidates through medical boards, clearance of pending payments and union elections
- Overdraft questioned
- Rao questioned another ₹4,000 crore overdraft, saying ₹6,323 crore was reportedly kept in banks
Sources
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