Kothagudem: Miners of Singareni Collieries Company Limited now have two reasons to celebrate.
They will be paid performance linked reward (PLR) as Diwali bonus apart from Dasara advance.
Each SCCL employee will get Rs 57,000 as PLR and Rs 25,000 as Dasara advance.
Chief Minister K. Chandrasekhar Rao has given a green signal for the PLR.
The company will be spending Rs 456 crore on it.
Both PLR and festival advance have been increased from Rs 54,000 to Rs 57,000 and Rs 18,000 to Rs 25,000 respectively. With this each worker would be getting Rs 82,000 in total.
A whopping amount of Rs 336 crore for Diwali bonus and Rs 120 crore for Dasara advance will be disbursed.
Dasara advance will be credited to bank accounts of employees on September 22.
Diwali bonus would be credited in the second week of October, just before the festival.
PLR bonus, which was Rs 48,500 in 2014-15, and Rs 54,000 in 2015-16, has now increased to Rs 57,000.
N. Sridhar, SCCL chairman and managing director, has advised the employees to use the bonus money wisely.
