Coal India to Give ₹1.03 Lakh Festival Reward to Non-Executive Staff

Ahead of the festive season, state-run Coal India Ltd (CIL) has announced a performance-linked reward (PLR) of ₹1.03 lakh for its non-executive staff. This move is aimed at recognising their hard work and contribution to the company’s operations.

Beneficiaries of the PLR

The reward will benefit:

• Around 2.1 lakh non-executive employees of CIL and its subsidiaries
• Around 38,000 non-executive employees of Singareni Collieries Company Ltd (SCCL)

Financial Impact

The PLR comes at a major cost to the companies:

• ₹2,153.82 crore for CIL
• ₹380 crore for SCCL

The payment will be credited on a pro-rata basis, depending on attendance.

Importance of the PLR

A performance-linked reward (PLR) is an incentive given for meeting specific goals. This initiative not only provides timely financial support to employees during the festive season but also aims to boost their morale, productivity, and job satisfaction.

Commitment to Workers

According to the Coal Ministry, this decision reflects CIL’s focus on worker welfare and its role in building an Aatmanirbhar Bharat. Non-executive workers, who form the backbone of mining operations, are seen as key contributors to the company’s success.

About Coal India Limited

Coal India Limited (CIL) is a government-owned enterprise and the world’s largest coal producer. Based in Kolkata, it operates under the Ministry of Coal, Government of India. The company contributes nearly 82% of India’s total coal output.

Also Read: Dividends, Stock Splits & Bonus Issues This Week (Sep 22–26)!

Coal India Share Price Movement

As of September 26, 2025 (11:20 am IST), Coal India share price (NSE: COALINDIA) is trading at ₹389.65, down 0.73% (−₹2.85). The stock opened at ₹392.50, touched a high of ₹392.95, and a low of ₹389.30 during the session. Coal India has a market capitalisation of ₹2.40 lakh crore, a P/E ratio of 7.24, and offers an attractive dividend yield of 6.80%, with a quarterly dividend payout of ₹6.62 per share. Over the past year, the stock has moved between a 52-week high of ₹517.85 and a low of ₹349.25.

Conclusion

Coal India’s ₹1.03 lakh festival reward for over 2.5 lakh non-executive employees highlights the company’s commitment to worker welfare. While it involves a large financial outlay, it strengthens employee motivation and ensures that workers are rewarded for their vital role in India’s coal production.

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