By Martin Shwenk Leade
Copyright indiatimes
TIL CreativesRepresentative Image
Ahead of the festive season, state-owned coal firm Coal India Ltd (CIL), on Friday announced a performance-linked reward (PLR) of ₹1.03 lakh for their non-executive workers, a move with a total financial implication of ₹2,153.82 crore, reported news agency PTI.A PLR is a payment or benefit given to individuals for achieving specific, measurable goals. This incentive aims to recognise the contribution and hard work of non-executive employees across all CIL subsidiaries and Singareni Collieries Company Ltd (SCCL), ensuring fair rewards for their efforts.The payment will provide a timely boost to workers and their families during the festival season. Around 2.1 lakh non-executive cadre employees of CIL and its subsidiaries, along with approximately 38,000 non-executive cadre employees of SCCL, will benefit.CIL produces more than 80% of India’s domestic coal output.”The incentive was announced after the 6th meeting of the standardisation committee of Joint Bipartite Committee for the coal industry,” the Ministry of Coal said in a statement. The amount will be credited on a pro-rata basis, depending on attendance.Live Events”The PLR will have a total financial implication of ₹2,153.82 crore for CIL and ₹380 crore for SCCL,” the statement added.The move reflects CIL and the Ministry of Coal’s commitment to worker welfare, motivation, and recognising contractor contributions.”By providing the PLR, CIL aims to boost productivity, morale, and job satisfaction among non-executive workers, who play a vital role in the company’s mining operations and thus significantly contribute in shaping an Aatmanirbhar Bharat,” the statement said.With inputs from PTIAdd as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onCoal Indiafestival seasonCoal India LtdSingareni Collieries Company Ltdcoal india ltd
(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
(You can now subscribe to our Economic Times WhatsApp channel)Read More News onCoal Indiafestival seasonCoal India LtdSingareni Collieries Company Ltdcoal india ltd(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
