2 months ago
2
HYDERABAD
After implementing the escaped mishap security strategy with ₹1 crore each sum to its workers, employees and officers, the absorption of Singareni Collieries Company Ltd (SCCL) has decided to rotation retired escaped earthy decease security screen of ₹10 lakh each to its workers from the existent fiscal (2026-27), effectual from April 1.
The Union Bank of India, which is extending the mishap security argumentation to Singareni workers, has agreed to beryllium a portion of the caller initiative. As per the determination communicated to SCCL by the bank, each workers, employees and officers holding firm wage accounts with Union Bank would beryllium eligible for ₹10 lakh security sum successful lawsuit of death, including earthy causes.
The determination was taken pursuing the inaugural and guidance of SCCL Chairman and Managing Director Buddhaprakash Jyoti, on with peculiar efforts of Director (Personnel & Finance) Gowtham Potru. The slope confirmed that the strategy had travel into effect from April 1.
In 2024, with the inaugural of the State Government, the Union Bank implemented a ₹1 crore escaped mishap security strategy for Singareni workers. As a continuation of that agreement, the slope has present extended security sum of ₹10 lakh for earthy decease arsenic well.
Meanwhile, the Singareni absorption is besides talking to guarantee that different banks, which are presently providing ₹1 crore mishap security coverage, widen the ₹10 lakh sum strategy for earthy decease arsenic well.
