Dasara bonanza for Singareni workers

Hyderabad: Workers of the Singareni Collieries Company Limited will be getting Dasara bonanza as Telangana Chief Minister K Chandrashekar Rao has announced that each worker will be getting Rs 1.09 lakh as bonus from the company.

Making a statement in the Assembly on Thursday, the Chief Minister said that the government was increasing the percentage of profit from 27 per cent (previous year) to 28 per cent.

By increasing the share in profits, each worker will now get Rs 1,00,899 as bonus.

"This is Rs 40,530 more than the last year's bonus. This is a bonus given by the Telangana state government to the SCCL workers and employees as the Dasara festival's gift," he said.

The Chief Minister said that in 2013-14 each SCCL worker was given a meagre amount of Rs 13,540 as the bonus.

In the last five years, the Telangana state government has been increasing the bonus gradually. In 2017-18, each worker was paid Rs 60,369 as part of the 27 per cent profits shared with the workers in the SCCL.

The Chief Minister hoped that the SCCL staff would take this gift as an inspiration and work with more dedication and commitment to enable the SCCL get more successes and profits.

The Chief Minister further said that the mining company was playing a crucial role in the development of Telangana. The government was of the firm opinion that the key role played by workers often keeping their lives at stake was important in the SCCL's continued success.

"Our government feels that the sweat that each and every SCCL worker shed in creating the national wealth, often coming out of jaws of death, is no way inferior to the sacrifices of our own army personnel fighting at the borders," he said.

In the last five years, the production of coal is increasing every year. In 2018-19, there was record coal production of 64.41 million tonnes. In 2013-14, the SCCL had earned Rs 418 crore profit.

The profits of the SCCL during the subsequent five years are increasing year after year. In 2018-19, the SCCL registered a record maximum profit of Rs 1,765 crore, the chief minister said.