Coal India Ltd.

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.