Public assemblage miner Singareni Collieries Company Limited (SCCL) has announced 34% of the profits earned during the twelvemonth 2024-25 arsenic bonus to much than 71,000 employees some regular and declaration basis.
The institution has reported nett — aft taxation — of ₹6,394 crore during the fiscal 2024-25. Of it, ₹4,034 crore volition beryllium spent connected the works related to its expansion. The 34% of the equilibrium ₹2,360 crore would beryllium distributed among the employees arsenic bonus.
Accordingly, 41,000 regular employees volition beryllium paid an magnitude of ₹1,95,610 each arsenic bonus for the year. More than 30,000 declaration workers volition beryllium paid ₹5,500 each, ₹500 much than the erstwhile year’s ₹500.
Deputy Chief Minister Mallu Bhatti Vikramarka said the Government has decided to guarantee that SCCL does not confine itself to mining ember successful the State and hence, has permitted it to enactment successful auction of ember blocks elsewhere. Efforts of the Government paid dividends with the nationalist assemblage steadfast securing rights connected Gold and Copper mines successful neighbouring Karnataka.
This is successful addition to the caller ember artifact acquired successful Naini successful Odisha which would adhd producti9on capableness of 10 cardinal tonnes and steps person been initiated to augment accumulation by 12 cardinal tonne much taking the SCCL’s full accumulation to implicit 100 cardinal tonne a year.
Steps person besides been taken to utilise the mining expertise of SCCL successful mining of captious minerals which had go a buzzword crossed the globe astatine present. Reputed firms, Pricewaterhouse Coopers and KPMG had been appointed arsenic consultants for preparing roadmap for enlargement of SCCL operations.
Mr. Bhatti Vikramarka said the SCCL committee and the Government had decided to denote bonus for Diwali up of the festival aft holding discussions with the Cola India Limited.
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