Telangana CM KCR announces bonus of Rs 368 crore to Singareni workers

Not wavering from the tradition of a hefty bonus as Dasara gift to workers of the State-owned Singareni Collieries Company Limited (SCCL), Chief Minister K Chandrashekhar Rao on Wednesday declared a bonus of Rs.368 crore i.e., 30 per cent of the company’s profit share for 2021-22, to the workers. 

Accordingly, more than 44,000 National Coal Wage



Agreement (NCWA) workers and employees of SCCL were expected to receive a bonus of over Rs.83,000 each. The bonus would be paid on October 1. The profit sharing bonus announced this year was one per cent higher than that announced last year, which was a 29 per cent bonus, i.e., around Rs.350 crore.

Orders have been issued to release the amount immediately.