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Singareni board approves raising retirement age to 61: CMD N. Sridhar

10% reservation in jobs for economically weaker sections approved

Rupees 60 crores grant sanctioned for CSR activities in 2021-22

The 557th Board of Directors meeting on Monday unanimously approved raising the retirement age of officers and employees of Singareni Calories Company Limited to 61 years, Chairman and Managing Director Shri N. Sridhar said. The Board has taken a decision to this effect respecting the recent decision of the CM KCR. According to CM KCR, the unions are happy with the decision of the board.

As per the instructions of the Chief Minister to increase the retirement age of the employees and executives of Singareni Collieries Limited, the 557th board of directors meeting held at Singareni Bhavan on Monday approved the same and the announcement was announced the Chairman & Managing Director Sri. N. Sridhar.  Representatives of the board from Centre and State Govt.participated in the Board meeting along with Singareni Directors under the Chairmanship of CMD, SCCL.

In March, State Chief Minister passed orders increasing the retirement age of all State Government employees from 58 to 61 years. Chief Minister suggested that this should also be implemented in Singareni. On July 20th at the meeting held with Singareni area public representatives and the Chairman, SCCL, he instructed that the increase in retirement age must be implemented in Singareni also. Based on this the board has given approval at the Board meeting held on Monday.

As per the instructions of the State Government, Board agreed to implement the enhancement of in retirement age from 60 to 61 years from March 31st. This will benefit 43,899 employees and workers of Singareni. 39 officials who retired between March 31st and June 30th and 689 workers will be re-appointed. To this extent, Chairman & Managing Director instructed the concerned department to frame the required guidelines.  This increase in retirement age will also be applicable to the staff of Singareni educational institutions.

Till now the compassionate job placements were given only for sons and unmarried daughters but due to the representation from the trade unions Board has given approval for the amendment to extend the opportunity to the married and divorced daughter of employees who are dependent are also eligible for jobs. Board also gave consent for implementation of 10 percent reservation for economically weaker sections (EWS) in SCCL jobs.

Board has also given consent for a budget of rupees Rs.60 crores for CSR activities for the financial year 2021-22. Similarly board has given consent for purchase of machinery needed for different mines and other contract works.  Budget was also approved for the construction of new roads relating to the new RG OC-5 at Ramagundam. Board also consented for the designation change for officials with first class mine manager certificate.

As per the request from the state government the board also consented to allot 201 plots of 85 sq.ft each at Singareni colony to the residents who have been displaced due to highway expansion at Srirampur area, Naspur colony.

State finance department Principle Secretary Sri. Ramakrishna Rao, State energy secretary Sri. Sandeep Kumar Sulthania, central coal ministry director Sri. P.S.L. Swamy, Deputy Secretary Sri. Ajithesh Kumar, Western coal fields Chairman & MD Sri. Manoj Kumar, Singareni Director (Operations) Sri. S. Chandrashekar, Director (Finance, projects, Planning & personnel) Sri. N. Balaram, Director (E&M) Sri. D. Satyanarayana Rao and Company Secretary Smt. Sunitha Devi participated in the meeting headed by Company Chairman & MD Sri. N. Sridhar.



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