Coal India on Wednesday said that it is hoping to conclude the eleventh version of National Coal Wage Agreement (NCWA-XI) within a month, benefitting 2.38 lakh non-executive manpower in the company.
The next round of talks is scheduled for May 19, the public sector miner said in a statement, which comes at time when the fourth quarter result of the company was affected by upfront wage cost provisions.
Coal India had made a provision of Rs 5870.16 crore during the fourth quarter towards wage revision, which resulted in a net profit of Rs 5527.62 crore compared to Rs 6715 crore in the second quarter of previous year.
