-8.90 (-2.07%) Coal India (CIL) is eyeing to conclude the eleventh version of the national coal wage agreement (NCWA-XI), within a month, which would benefit its 2.38 lakh strong non-executive workers. The next round of talks is scheduled on May 19, 2023.
Wages of the non-executive workers, which account for 94 per cent of Coal India's workforce, are revised every five years. The hike is due from July 2021. In 2017, CIL signed a wage agreement with worker unions proposing a 20 per cent hike in salaries for five years.
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.