29 percent share of profits of Singareni to the workers

Share on twitter
Share on whatsapp
Share on facebook

Chief Minister Sri K. Chandrashekar Rao has decided to give a 29 percent share of profits of Singareni Collieries Company Limited to the workers. This is one percent more than the last year’s and a Dussera gift for the Singareni workers this year. The CM instructed the SCCL CMD Sri Sridhar to pay the profit share to workers before Dussera. The CM reiterated that the government is committed to the welfare of the Singareni workers. He said that there is a need to expand the activities of the Singareni keeping in view the future of the workers. The CM said Singareni should expand its activities besides digging Coal, excavating Iron ore, sand and limestone.

On Tuesday under the chairmanship of CM Sri KCR, a review meeting was held on Singareni at Pragathi Bhavan. In this meeting, Minister Sri Koppula Eshwar, Peddapally MP Sri Venkatesh Neta, MLA and Government Whip Sri Rega Kanta Rao, MLAs Sri Vanama Venkateswar Rao, Sri Divakar Rao, Sri Gandra Venkatramana Reddy, Ms. Hari Priya Naik, Sri Durgam Chinnaiah, Sri Athram Sakku, CM Principal Secretary Sri S Narsing Rao, Singareni CMD Sri N Sridhar, Telangana Boggu Ghani Karmika Sangham State President Sri B Venkat Rao, General secretary Sri Rajireddy, leader Sri Kengara Mallaiah and others participated.

Speaking on the occasion, the CM said, “To make Singareni one of the top organisations in the country in Coal Mining and power generation, the hard work and expertise of the workers is laudable. The Telangana state government is committed to the Singareni Workers’ welfare and their future. The expertise of the Singareni workers should not be confined only to excavate Coal but should be utilised in mining sand, limestone and Iron ore.” The CM instructed the officials to prepare plans in this regard.

“Private companies are utilising the services of retired Singareni employees and workers and are managing coal and other minerals. They are earning profits. Why can’t we do the same? It is unfortunate that the center is privatizing the profit-making PSUs. The Telangana state government will work keeping in view the welfare of the Singareni workers and the existence of the Singareni Corporation. The state government will utilise the experience and expertise of the workers. The state government will initiate measures to provide work for the workers in managing other minerals reserves in the State,” the CM has categorically said.

The CM positively responded to the request made by Minister Sri Koppula Eswar that the retired Singareni employees and workers are getting less than Rs 2000 pension per month from the Centre and that the state government should provide some help. The CM has instructed the officials concerned to prepare reports on how the state government can help the retired Singareni Employees and workers.