Dasara bonanza for Singareni workers
In Short
Bhatti Vikramarka stated that the state decided to distribute 34 per cent of company profits among workers, maintaining established precedent. The firm generated a net profit of Rs 1,754 crore this year, from which Rs 596 crore will be distributed directly to workforce members.
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Dasara bonanza for Singareni workers
Hyderabad: The Telangana government announced a festive bonanza for Singareni coal mine workers ahead of Dasara, declaring an average profit-sharing payout of Rs 1,53,912 for each permanent employee of Singareni Collieries Company Limited. Addressing a press conference at Praja Bhavan on Tuesday alongside IT and Industries Minister Duddilla Sridhar Babu, Deputy Chief Minister and Finance Minister Bhatti Vikramarka confirmed that 38,737 permanent employees will benefit from the payout, while 29,717 contract workers will receive a bonus of Rs 5,500 each.
Bhatti Vikramarka stated that the state decided to distribute 34 per cent of company profits among workers, maintaining established precedent. The firm generated a net profit of Rs 1,754 crore this year, from which Rs 596 crore will be distributed directly to workforce members.
The Deputy Chief Minister highlighted government plans to fulfill housing aspirations for Singareni staff, instructing officials to identify non-mining land parcels and prepare residential layouts. Furthermore, Bhatti Vikramarka directed authorities to process 250 to 300 pending dependent employment orders within 15 days, issuing formal appointment letters to eligible candidates. He added that between 136 and 170 pending worker name-change cases will be reviewed on humanitarian grounds based on recommendations from a dedicated official committee.
