State-run Coal India’s (CIL) management has agreed to a wage hike of 25% for its three lakh-odd mine workers as against a 100% hike that the unions attached to the country’s largest coal miner had demanded last year.
Currently, the company’s wage bill for its workers is Rs 15,000 crore a year and a 25% hike entails an additional financial burden of around Rs 4,000 crore a year for five years with effect from July 2011.
Meanwhile, the basic salary of a Coal India worker is about Rs 8,320 per month.
Coal India is the largest coal producing company in the world. The company also produces non-coking coal and coking coal of various grades for diverse applications.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: