BCCL to take loan for paying bonus to its employees this puja

The Bharat Coking Coal Limited ( BCCL)that already is reeling under financial crunch is to take loan from financial institutions for paying productive linked reward ( PLR) to its employees this puja.

The BCCL board that discussed the payment of bonus and other issues on Tuesday evening has decided to taKe loan of Rs 280 crores from financial institutions for payment one go to its approximately 40000 employees.

If all moves as planned the employees may be able to get the Rs 68500/ employees as bonus by Friday of the current week just ahead of puja.

The discussion of taking out a loan was taken during the board meeting.

At the same time the board also decided to raise prices of select coal categories that came into effect from midnight of Tuesday itself .