Good News to Singareni Workers | CM KCR Gives Rs 64700 Diwali Bonus to Singareni Employees | YOYO TV
#SingareniDiwali #Telangana #CMKCR #SingareniWorkers
Management of the Singareni Collieries Company Limited has earmarked and disbursed Rs 258 crore to employees towards Diwali Bonus and each employee will get Rs 64,700 towards performance-linked reward scheme (PLRS). This is a record in history as a 28% profit bonus was already disbursed to employees as Dasara bonus on October 1 after the announcement by Telangana Chief Minister K. Chandrashekar Rao. Each employee had received about Rs 1 lakh then. In 2013-14, before the formation of Telangana, each employee received Rs 13,540 as a profit bonus and Rs 40,000 as Diwali PLRS bonus, leading to a payout of Rs. 53,540. For 2018-19, each employee received Rs 1 lakh as profit bonus and Rs 64,700 as Diwali bonus, resulting in an increase of 209% post the formation of Telangana. N. Sridhar, CMD, Singareni Collieries, said due to the hard work of employees, the company achieved a profit of Rs 1766 crore. This will enable the company to take up diversification. welfare Programmes and extend more profit bonus.
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