Did Telangana Just Announce Rs 819 Crore Bonus for Singareni Workers?
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Synopsis
In a significant announcement, the Telangana government has gifted a bonus of Rs 819 crore to Singareni workers for Dussehra. This marks a historic recognition of the contributions made by the employees, especially contract workers, who will also benefit from this festive gesture. The Chief Minister emphasizes the importance of supporting Singareni against increasing private competition.
Key Takeaways
- Rs 819 crore bonus announced for Singareni workers.
- 34% of company profits earmarked for bonuses.
- Regular employees to receive Rs 1,95,610 each.
- Contract workers benefit with Rs 5,500 each.
- Government emphasizes support for Singareni against private competition.
Hyderabad, Sep 22 (NationPress) The government of Telangana revealed on Monday that employees of the state-run Singareni Collieries Company Ltd (SCCL) will receive a bonus totaling Rs 819 crore for the upcoming Dussehra festival.
Chief Minister A. Revanth Reddy, accompanied by Deputy Chief Minister Mallu Bhatti Vikramarka, presented this bonus as a festive gift for the company’s 71,000 employees.
The bonus represents 34 percent of the company’s profits, amounting to Rs 819 crore, which is Rs 23 crore more than the previous year's bonus.
This year, each of the 41,000 regular employees will receive Rs 1,95,610, while the 30,000 contract workers will each be given Rs 5,500.
Last year, regular employees received Rs 1.90 lakh and contract workers Rs 5,000.
Deputy Chief Minister Vikramarka noted that the company reported a profit of Rs 6,394 crore for the fiscal year 2024-25. After allocating Rs 4,034 crore for future expansion and investments, the net profit stood at Rs 2,360 crore. A total of 34 percent of this has been designated for employee bonuses.
For the second year in a row, the state government has provided bonuses for contract workers, marking a historic first under the current administration.
The Chief Minister also assured employees that they would receive bonuses for Deepawali.
He emphasized the significant role that Singareni workers played in the formation of Telangana, promising ongoing recognition of their contributions to the Telangana movement.
Commending the employees for their efforts to boost profitability, the Chief Minister announced an increase in their share of profits.
He assured that the government would bolster Singareni to ensure its competitiveness against private companies.
Furthermore, he urged employees to ensure that any mines leased to private entities are also allocated to Singareni.
He warned that increasing private participation could jeopardize the future of Singareni.
CM Revanth Reddy declared that the state government would engage with the Centre to address these concerns.
Point of View
The Telangana government's decision to allocate Rs 819 crore in bonuses highlights not only a commitment to its workforce but also an acknowledgment of the historical significance of the Singareni workers in the state’s development. This action reflects a broader trend of states recognizing the importance of supporting labor forces in the face of corporate competition.
NationPress
22/09/2025
Frequently Asked Questions
What is the total amount announced for Singareni workers' bonus?
The Telangana government announced a total bonus of Rs 819 crore for Singareni workers.
How much will regular Singareni employees receive as a bonus?
Each of the 41,000 regular employees will receive Rs 1,95,610.
Is this the first time contract workers are receiving a bonus?
Yes, this is the first time that contract workers in Singareni are being awarded a bonus.
What percentage of the company's profit is allocated for bonuses?
34 percent of the company's profits have been allocated for the bonuses.
Will there be bonuses for other festivals as well?
The Chief Minister assured that employees would also receive bonuses for Deepawali.
