-21.25 (-4.83%) Coal India is mulling to increase salary of its executives, which may cost the company about Rs 800 crore. The pay revision of nearly 18,000 executives of the PSU is due from January 1, 2017.
The State-owned company had last month signed a wage pact with workers' unions for five years which would have an estimated impact of Rs 5,667 crore annually on the miner.
Coal India is the world's largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.