In a significant move, Chief Minister Revanth Reddy today announced a generous bonus for the workers of the Singareni coal mines.
Speaking at a media conference at the Secretariat, the Chief Minister along with ministers including Deputy Chief Minister Bhatti Vikramarka said that the State government had decided to issue the Dasara bonus in advance, with each worker receiving Rs 1.90 lakh.
"This amount is Rs 20,000 more than last year's bonus. To facilitate this, the government will allocate Rs 796 crore. Additionally, in recognition of their contributions, the Singareni workers will receive a share in the company's profits, with at least 33% being distributed among them," Reddy announced.
He said that the government was announcing the Dasara bonus early this year as a mark of respect for the hard work and the contribution of the workers.
The Chief Minister also praised the resilience of the Singareni workers, calling their strength an inspiration to all. He highlighted the pivotal role that these workers had played in the Telangana movement and acknowledged their efforts in shaping the State's future.
Vikramarka said that the Congress government had declared the high bonuses for the workers as the total profit of the organisation for the year 2023-24 was Rs 4,701 crore.
"The State government is also making a significant change to the policy that previously limited bonuses to regular employees. Each contract worker will also receive a Dasara bonus of Rs 5,000. This initiative reflects the government's commitment to ensuring that contract workers, who historically did not receive bonuses, are now recognised and rewarded," he added.
The Deputy CM further said that the State government had decided to invest the profits earned by the Singareni Collieries for future needs.