The employees of Singareni Colleries Company Limited (SCCL) will get a share of 29 per cent in the company’s profits as bonus before Dasara.
“This is one percentage point higher than that of the share they received last year,” a statement Chief Minister’s Office has said.
Reviewing the performance of the company at the Pragati Bhavan on Tuesday, Chief Minister K Chandrashekar Rao has directed Singareni Colleries Chairman and Managing Director N Sridhar to make the payment before the Dasara festival.
The Chief Minister has said that there is a need for the company to expand its operations and foray into the mining of iron and limestone.
Last year around the same time, the employees get a share of about ₹280 crore as bonus out of the total profits of ₹994 crore that it earned the previous year.