In what comes as good news for workers of the state-run Singareni Collieries Company Limited (SCCL), Telangana Chief Minister K Chandrasekhar Rao on Friday announced a whopping Rs 1,00,899 Dussehra bonanza for all its employees. The announcement comes after SCCL's growth in coal production went up to an all-time high 64.41 million tonnes, resulting in a record profit of Rs 1,765 crore.
The festive bonus was announced by KCR in Telanaga Assembly, where he hailed the SCCL workers for their contribution to company's growth in the last five years. The chief minister said the work done by SCCL employees, who have been putting their lives at risk in creating national wealth, is no way "inferior" to the role played by the Army on the borders.
"This year, I am happy to announce we are increasing the percentage of profit share by another one per cent 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", PTI quoted KCR as saying.
Chief Minister Rao also acknowledged the fact that the mining company was playing a very crucial role in the development of Telangana.