Coal India Limited (CIL) on Thursday declared a Performance Linked Reward (PLR) of Rs. 68,500 per employee to all its non-executive cadre workforce for the year 2019-20. This is linked to their attendance during the period. The payment would be made before October 22.
The total estimated financial implication is a little over Rs 1,700 crores on account of the PLR. Around 2.62 Lakh employees of CIL and its eight subsidiary companies who were on the company’s roll in the FY’20 will stand to gain the PLR. The non-executives working in CCL is 33, 220 including CCL headqarters.
Despite the pandemic slowdown and crimp in coal sales, CIL offered a 5.87 per cent rise over the earlier year’s PLR of Rs 64,700 per employee, the absolute increase being Rs.3,800.
