CIL Expenditure in Apr-Dec Reduce as Employee Expenses Shrink

Indian state owned coal giant Coal India Ltd’s overall expenditure in the first nine months of 2020-21 FY declined by 3.3% to INR 54,241 crore as employee
CIL Expenditure in Apr-Dec Reduce as Employee Expenses Shrink
CIL ExpenditureSwarajya

Indian state owned coal giant Coal India Ltd’s overall expenditure in the first nine months of 2020-21 FY declined by 3.3% to INR 54,241 crore as employee benefit expenses dropped by INR 735 crore which include salaries, performance related pay of the executives, performance linked reward of the non-executives and coal mines provident fund contributions. During this period, manpower reduced by 13,800. This reduction is expected to continue for few more years which would further shrink the employee benefit expenditure, which currently stands close to 50% of CIL's overall revenue expenditure.

In recent years, CIL has seen superannuation of around 13,000 employees annually. The company's manpower stood at 2.72 lakh at the beginning of the current fiscal compared to 3.22 lakh employees four years ago.

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