Coal India workers to get Rs 1.03L bonus

New Delhi: Ahead of the festival season, coal PSUs like state-owned CIL on Friday announced a reward of Rs1.03 lakh for its non-executive workers, a move that will have a financial implication of Rs 2,153.82 crore.

A performance-linked reward (PLR) is a payment or benefit given to an individual for achieving specific, measurable goals. The PLR aims to recognise the contribution and hard work of non-executive workers across all Coal India Ltd (CIL) subsidiaries and state-owned coal mining firm Singareni Collieries Co Ltd (SCCL) and ensure they are fairly rewarded for their efforts. The payment of PLR provides a timely boost to workers and their families during the festive season. The PLR will benefit around 2.1 lakh non-executive cadre employees of CIL, its subsidiaries and around 38,000 non-executive cadre employees of SCCL. Coal India accounts for over 80 per cent of domestic coal output. "The incentive was announced after the 6th meeting of the standardisation committee of Joint Bipartite Committee for the coal industry," the coal ministry said in a statement. The amount will be credited on a pro-rata basis, depending on attendance.

"The PLR will have a total financial implication of Rs2,153.82 crore for CIL and Rs380 crore for SCCL," the statement said. The PLR underlines the commitment of CIL and the Ministry of Coal to worker welfare, motivation, and recognition of contractor contributions.