KARIMNAGAR: The management of Singareni Collieries Company Limited (SCCL) on Friday announced a Diwali bonus of Rs 64,700 to its employees and workers.
The bonus, totaling to Rs 258 crore, was sanctioned under the PLR (Performance Link Reward) scheme. The amount has been directly credited into the bank accounts of the employees and workers.
Recently, the SCCL had distributed Rs 494 crore as profit bonus to its entire staff from the profits it gained. This, plus the Diwali bonus, means each employee and worker of Singareni has received more than Rs 1 lakh this year in addition to their monthly salaries.
The management of SCCL has asked staff to save some of the amount received as bonus in government sector banks for their future needs.
Meanwhile, SCCL chairman and managing director N. Sridhar conveyed his Diwali wishes to all Singareni officials, employees and workers as well as their family members....