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.
Company Chairman and Managing Director N Balram announced that a total of Rs. 18.27 crore will be credited to the accounts of 2,754 retired workers, with a maximum of Rs. 93,750 per person. He instructed senior officials from the Finance and Personnel Departments to ensure the amount is deposited into the workers' accounts by November 27.
Deputy Chief Minister Mallu Bhatti Vikramarka on Thursday announced that the company would deposit the Diwali bonus amount in the accounts of workers on Friday.
