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CIL’s coal production grows 13% in October so far

Author: IANS/Saturday, October 14, 2017/Categories: Mining & Minerals

CIL’s coal production grows 13% in October so far

Kolkata - Coal India Ltd (CIL) said its production grew by 13% in October so far and the growth in coal dispatch to power sector was around 22% till October 12.

"Union Coal Minister (Piyush Goyal) complimented the employees of CIL for their diligence and perseverance for achieving 10.1% growth in coal production for September 2017 and 13% growth in October 2017 so far," it said.

Goyal enthused the coal workers by stating that it was heartening to note that the growth in coal dispatch to power sector moved into high orbit with 21% in September 2017 and around 22% till October 12, the state-run miner said in a statement.

Goyal, much to the joy of around three lakh non-executive employees of the miner and its subsidiaries, announced that the one-time advance payable to each employee would now be Rs 51,000 instead of Rs 40,000, before Diwali by October 17 - the day of Dhanteras.

The one-time advance would be paid to the employees currently on the rolls of the company.

After long negotiations, the Coal India management and workers' unions signed the wage agreement for a 20% hike which would be effective for five years till June 30, 2021.

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rajyashree guha

IANS

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