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The Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, has announced a “Special Incentive” of 16 per cent of the company net profit to the employees of Singareni Collieries Company Ltd for 2010-11, according to a statement from the Chief Minister's Office on Saturday.
The special incentive amounts to Rs 56.16 crore, which is Rs 15 crore higher than the previous year.
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