SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Coal India agrees to hike wages by 25%

13 Jan 2012 Evaluate

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.

Coal India Share Price

438.70 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×