Hyderabad, Oct. 30: Singareni Collieries Company Limited (SCCL) has announced a Diwali bonus for its workers, with eligible employees set to receive up to Rs. 1,10,250 each. The amount will be credited to their bank accounts on November 5, according to the management.
The company will distribute a total of Rs. 419 crore among approximately 38,000 workers. The management said the bonus was being paid following the directions of Telangana Deputy Chief Minister and Energy Minister Mallu Bhatti Vikramarka.
The Diwali bonus will apply only to employees covered under the National Coal Wage Agreement (NCWA). Officers are not eligible for the payment.
Singareni Diwali Bonus Eligibility and Payment Details
Workers who have completed at least 30 days of service will be eligible for the bonus. The payment will be calculated based on the number of days worked, with the maximum amount reserved for those who meet the full eligibility criteria.
The announcement brings additional festive benefits to Singareni workers following the Dussehra bonus payment.
According to the management, each worker will receive an average of around Rs. 2.65 lakh through the Dussehra and Diwali bonuses combined within a month.
The total payout for both festive bonuses is expected to be approximately Rs. 1,020 crore. The management said the payments would provide significant financial support to workers during the festive season.
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