Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.