HYDERABAD: The Singareni Collieries Company Limited (SCCL) on Wednesday formally paid the incentive amount it had promised to the employees. For the first time, the company has distributed `102.99 crore as incentives.
Best performing employees were provided special incentives and honoured at a meeting held at Singareni Bhavan in Hyderabad. Chief minister K Chandrasekhar Rao had recently directed the company to share its annual profits with the employees. Following the chief minister’s order, the SCCL shared 21 percent of its profits on Wednesday.
Addressing the employees at the meeting, N Sridhar, chairman and managing director of SCCL, advised them to work hard to meet the annual production target. The company can transform into the best organisation in the country with dedicated team work. Sridhar assured that the company will continue to honour the hard work of its employees.
The employee unions thanked the company for sharing its profits. The workers are thankful to the chief minister for giving incentives even before they demanded it, said Miryala Raji Reddy, general secretary of the union. This will motivate the employees to work hard for the organisation, he added.
Directors of SCCL, B Ramesh Kumar, P Ramesh Babu and NTPC executive director, Sanjay Kumar, general manager CH Narasimha Rao were also present.
SCCL Plant to Start Production by Jan 2016
The new thermal power plant of Singareni Collieries Company Limited (SCCL) at Jaipur in Adilabad district will start production by January 2016. Around 80 percent of the construction work has been completed and the rest of the work will be expedited, said SCCL officials. N Sridhar, chairman and managing director has directed the officials to complete the work well ahead of the deadline. During a meeting with construction agencies on Wednesday, the CMD clarified that the first unit of the plant must begin production in January. He has also set separate targets for each agency to to complete the work.