The employees of the state-run Singareni Collieries Company Limited(SCCL) have been given a Dusshera gift by The Telangana government. State CM K. Chandrasekhar Rao had announced in the state legislative Assembly that each employee will get a bonus of ₹1,00,899, which is ₹40,530 more than the last year's bonus.

SCCL is owned by the Telangana government and the Centre on a 51:49 equity basis, earned record net profit of ₹1,765 crore during 2018-19.

In 2017-18, each worker was paid ₹60,369 as part of the 27% profits shared with the workers. The company has a work force of about 48,000.

In 2018-19, the coal production went up to a record level of 64.41 million tonnes. The net profit grew from ₹418 crore in 2013-14 to ₹1,765 crore in 2018-19.

"Progress in coal production, transport, sales, profits, increase in turnover, all stand as a symbol of the Telangana government's effective and good governance. It is a proud moment for all of us, when the SCCL fared better than the Coal India in almost all parameters related to the coal management in the country," the Chief Minister said.

He pointed out that the company, which had produced 50.47 million tonnes of coal in 2013-14, had been increasing production every year.

"Our government feels that the sweat that each and every SCCL worker shed in creating the national wealth, often coming out of jaws of death, is no way inferior to the sacrifices of our own army personnel fighting at the borders," he added.

The SCCL produced 50.47 million tonnes of coal in 2013-14. The production has been on the increase every year in the last five years, he said. In 2018-19, the coal production went up to an all-time high 64.41 million tonnes and the company registered a record profit of ₹1,765 crore, he said.

With Inputs from Agencies

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