HYDERABAD: After sharing 21 percent of its annual profit with the employees in the form of special incentives, the Singareni Collieries Company Limited (SCCL) has come up with another gift for the staff. It will give Deepavali bonus, amounting to `260 crore, to its employees on November 6.
Company authorities have issued orders to all units across the state. All non-executive employees will get around Rs 45,000 each and the money will be deposited in their bank accounts.
The bonus will be calculated basing on the number of official working days an employee worked. Underground employees, who have more than 190 working days in their record and the surface staff who have at least 240 working days in 2014-15 are eligible for the bonus.
Those who have less than the mentioned working days will be paid based on their working days. All those with less than 30 working days are not eligible for the bonus.