Contractor's wage revision may hit Rs 100cr/yr for CIL
The cost of coal production in Coal India Ltd is likely to rise with the wage revision of contractor's workers in coal industry taking effect from January 1, 2013.
Kolkata: The cost of coal production in Coal India Ltd is likely to rise with the wage revision of contractor's workers in coal industry taking effect from January 1, 2013.
"There has been an understanding in revision of wages of contractor's workers. Though there is no direct effect on Coal India, indirectly there will be an impact," Coal India Director Mohan Das told PTI.
He said it would be difficult to assess the contractor's workers engaged in CIL but the annual impact could be around Rs 100 crore.
According to a decision arrived at the ninth high powered committee, constituted by Coal minister Sriprakash Jaiswal, the wages for CIL and the Singareni Collieries Company Limited contractor's outsourced and agency workers engaged in mining stands revised from January 1, 2013.
Das said the old basic rate for an unskilled labour which was Rs 171 a day will increase to Rs 464 from the effective date.
Indian Mine Workers Federation (Intuc) President Rajendra Prasad Singh expressing satisfaction at the wage revision said for the first time such understanding was reached.
He said semi-skilled workers will get Rs 494, skilled workers new wage stands at Rs 524 and highly skilled workers will get Rs 554 a day.
The workers engaged in underground mining activity will get additional 10 percent on the basic rate.
In January this year, there was a new wage agreement for Coal India workers.
CIL had said cost of production had moved up 16 percent and most of it was from wage hike, while realisation had inched up 12 percent.