Press Trust of India reported that Coal India stands firm on its decision of bonus payment to the workers despite their threat of a one-day strike on October 10.
Mr NC Jha Coal India Chairman said "There is no plan to review the bonus offer from us."
He said if the unions go ahead with the strike, the miner would lose 0.8 million tonne to 1 million tonne in coal production, while the revenue loss would be INR 120 crore.
Coal unions have said they'll go on a strike across mines including in Singareni Coal Companies, if their demand for a minimum INR 25,000 bonus is not accepted by the management. CIL on the other hand has offered INR 17,000 against INR 15,000 offered last year.
With the company registering a shortfall in production in August and September due to rains, the strike would make it difficult for the company to meet the projected production target of 452 million tonnes for the current fiscal.
Meanwhile, Mr Alok Perti Coal Secretary while addressing the seminar said there is need for simplification of the procedures in acquisition norms to help the PSUs in buying overseas energy assets.
He said that "Time is essence. In this aspect, private sector has an advantage over the PSUs to take quick decisions," he said.
CIL in the past has failed to act swiftly due to procedural hindrances and some of the overseas coal assets went to other bidders.
(Sourced from Press Trust of India)
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