A regular employee would get a minimum of Rs 1.95 lakh as a bonus
HYDERABAD, SEPTEMBER 22, 2025: Management of the Singareni Collieries Company Limited (SCCL) has announced a 34 per cent bonus of its profit for 2024-25 as a bonus, benefitting over 71,000 regular and contract employees. While around 41,000 regular workers will receive a bonus of Rs 1.95 lakh each, around 30,000 contract workers will get Rs 5,500 each.
The company posted a net profit of Rs 6,394 crore for 2024-25, of which Rs 4,034 crore will be reinvested in expansion projects. From the balance of Rs 2,360 crore, Rs 819 crore will be distributed as a bonus.
Announcing the bonus at the Secretariat here on Monday, Chief Minister A Revanth Reddy hailed the role of Singareni workers in the Telangana statehood movement and assured that the government would press the Centre to curb privatisation. He also flagged a 7,000 crore GST revenue shortfall, demanding immediate compensation from the Union government.
Deputy Chief Minister Mallu Bhatti Vikramarka said SCCL’s expansion into gold and copper mining in Karnataka and new coal blocks in Odisha would push its annual output beyond 100 million tonnes. Consultants Pricewaterhouse Coopers and KPMG have been roped in to prepare a roadmap for critical minerals mining.
Ministers Duddilla Sridhar Babu, Komatireddy Venkat Reddy, Ponguleti Srinivas Reddy, Gaddam Vivek Venkat Swamy, government advisors Harkara Venugopal Rao, Shabbirn Ali, MPs P Balram Naik, R Raghuram Reddy, MLC Malka Komuraiah, MLAs Payam Venkateshwarlu, Matta Ragamayi, Makhan Singh Raj Thakur, Gandra Satyanarayana, Gaddam Vinod, Danam Nagender, recognized trade union leader Vasireddy Seetharamaiah, State Minimum Wages Advisory board chairman Janak Prasad, SCCL CMD N Balaram, directors M Tirumnala Rao and K Venkateshwarlu, ED coal movement B Venkanna, general manager (coordination) and marketing T Srinivas, general manager (personnel) Kiran Kumar and others were also present.
