Coal India today said the company stands firm on its decision of bonus payment to the workers despite their threat of a one-day strike on October 10.
"There is no plan to review the bonus offer from us," Coal India (CIL) Chairman N C Jha told reporters on the sidelines of energy security seminar by MGMI.
Coal unions have said they'll go on a strike across mines including in Singareni Coal Companies, if their demand for a minimum Rs 25,000 bonus is not accepted by the management.
CIL, on the other hand, has offered Rs 17,000, against Rs 15,000 offered last year.
Jha said if the unions go ahead with the strike, the miner would lose 0.8-1 million in coal production, while the revenue loss would be Rs 120 crore.
With the company registering a shortfall in production in August and September due to rains, the strike would make it difficult for the company to meet the projected production target of 452 million tonnes for the current fiscal.
Meanwhile, Coal Secretary Alok Perti, while addressing the seminar said there is need for simplification of the procedures in acquisition norms to help the PSUs in buying overseas energy assets.
"Time is essence. In this aspect, private sector has an advantage over the PSUs to take quick decisions," he said.
CIL in the past, has failed to act swiftly due to procedural hindrances and some of the overseas coal assets went to other bidders.
