Amid coal shortage, CIL union threatens strike over wages

07 Jul 2022 CW Team

The Akhil Bharatiya Khadan Mazdoor Sangh (ABKMS), one of the leading unions at Coal India (CIL), has warned that workers may strike over delays in finalising salary increases, a move that would complicate efforts to meet the soaring fuel demand.

Talks held July 1 failed to reach any agreement over a pay deal, said Sudhir Ghurde, who represented the union at the meeting.

Workers are seeking a 47% increase in wages after having earlier demanded a 50% hike, while CIL has offered a 3% raise. A group of unions has written to the Union Coal Minister Pralhad Joshi, urging him to intervene to help the sides conclude negotiations.

This comes as the government struggles to meet the coal demand of power producers and other consumers of the fuel, amid the high costs of coal imports, with seaborne prices trading near record highs.

Wages of non-executive workers, which account for 94% of Coal India’s workforce, are revised every five years. The latest agreement is intended to cover salaries from July 2021, and will be applied retroactively once a deal is struck.

The wage talks are happening as rising global costs of food and fuel and a depreciating rupee are stoking inflation and denting government finances.

Also Read:
Adani emerges as lowest bidder in CIL import tender
India seeks WB aid to get abandoned coal mines going again

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..