September 29, 2022 11:09 AM

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Telangana govt announces 30% profit sharing bonus for SCCL employees

Telangana Chief Minister K Chandrasekhar Rao has announced 30 percent profit of the state-owned Singareni Coal Collieries (SCCL) as Bonus to the Company's employees and workers.<br />''<br />''The 30 percent profit share of the company for the year 2021-22 amounts to 368 crore rupees. Orders have been issued to release the amount immediately.<br />''<br />''About 44 thousand employees and workers under National Coal Wage Agreement (NCWA) of SCCL are expected to receive a bonus of about 80 thousand rupees each. The bonus will be paid on 1st of next month. The profit sharing bonus announced this year was one percent higher than last year.<br />''<br />''SCCL Chairman and Managing Director N Sridhar said in a statement that the company had paid over 3500 crore rupees in taxes to the Central Government and the State government in 2021-22.<br />''<br />''<span style="color: #222222;">SCCL had produced a whopping 65 million tonnes of coal and transported over 65.5 million tonnes, registering a growth of 37 percent during the period.</span><br />

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