"The salary revision of Coal India (CIL) employees is under consideration and it will be done after observing due formalities," a company official privy to the development said.
The pay revision of nearly 18,000 executives of the PSU is due from January 1, 2017, the official said.
"The annual impact (from the proposed hike) is likely to to be to the tune of about Rs 800 crore," the official said, adding that the board is yet to approve the hike of the salaries of the executives.
Calling the signing of the wage agreement "a really historic day", Coal India CMD Gopal Singh had said they clinched the agreement at 20 per cent hike in salaries against the workers' demand of 50 per cent.
Coal India has nearly three lakh employees and the wage agreement was due from July 2016.
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