Singareni workers to get Diwali bonus on Saturday

Singareni Collieries Company Limited will disburse Rs 400 crore as Diwali bonus to 39,500 eligible workers on Saturday. Workers who meet muster day criteria will receive up to Rs 1.03 lakh, while others will be paid on a pro-rata basis.

Peddapalli: Singareni Collieries Company Limited (SCCL) has decided to provide performance linked reward (PLR)–popularly known as the Diwali Bonus to its workers on Saturday.

A total of Rs 400 crore will be disbursed towards this bonus, benefitting 39,500 workers, with each eligible worker receiving a maximum of Rs 1.03 lakh. Workers who completed 190 muster days in underground mines and 240 muster days in opencast mines or surface operations during the last financial year will receive the full Rs 1.03 lakh bonus.

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Those with fewer working days will receive the bonus on a pro-rata basis, and only workers who have completed at least 30 muster days during the financial year are eligible to receive it.

Singareni Chairman and Managing Director N Balaram announced that the Diwali bonus would be credited to workers’ bank accounts on Saturday.

On behalf of all the workers, he expressed gratitude to the Chief Minister A Revanth Reddy and the Deputy Chief Minister Mallu Bhatti Vikramarka for approving the bonus.

He also urged all employees to continue working with greater dedication to achieve the company’s production targets. Extending his Diwali greetings, Balaram advised employees to use the bonus wisely for family needs or to save it through government savings schemes.

This Diwali bonus applies exclusively to workers and not to officers.