Coal India to settle eleventh version of National Coal Wage Agreement
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.
