CIL officers’ three-day strike may impact output by 4 mt
11 March 2014 12:40 AM GMT
The proposed three-day strike by Coal India's executives from 13 March is expected to impact production and dispatches by 4 million tonnes of coal at a time when the miner is facing a shortfall in excess of 17 million tonne from its target for 2013-14.
‘The production peaks in March. Each day the production is 1.2 to 1.3 million tonne and with the strike it is likely that it will get badly affected,’ the president of Coal Mines Officers' Association of India, P P Singh, said here on Monday.
‘But this strike, which is happening after 25 years when officers had gone for a two-day strike, is to press for performance linked pay and new pension scheme implementation, which requires the Coal Ministry's approval,’ Singh said.
The average annual impact on Coal India is around Rs 200 crore for not implementing the wage pact of 2007 in totality, he said, adding the total impact on Coal India would be to the tune of Rs 800 crore annually.
The CIL chairman had said a few days ago that there might be production and dispatch shortfall of 10 million tonne from the miner's annual targets of 482 million and 492 million tonne respectively set for the current financial year.
Singh said unless they got a concrete outcome from the meetings with the deputy labour commissioner and the CIL management on Tuesday, the strike would happen and threatened that they might go for an indefinite strike.
The strike may also affect the proposed board meeting on 13 March here, which was expected to clear the policy of PPP model for coal mining. Earlier, CIL had reported that it produced 42.56 million tonnes (MT) of coal in February, missing its target of 45.41 MT. The company’s offtake during the month was at 40.48 MT, while CIL target for February was 43.02 MT, the company said in a filing to BSE. CIL’s production in the first eleven months of the current fiscal was 409.13 MT, while the company’s target during the period was 429.29 MT, it said.
The company’s offtake during April-February period was 426.44 MT, against the target of 444.20 MT, it added. The state-owned firm had earlier said that it may miss the production target of 482 MT for the 2013-14 fiscal by around 5 MT.
‘The production peaks in March. Each day the production is 1.2 to 1.3 million tonne and with the strike it is likely that it will get badly affected,’ the president of Coal Mines Officers' Association of India, P P Singh, said here on Monday.
‘But this strike, which is happening after 25 years when officers had gone for a two-day strike, is to press for performance linked pay and new pension scheme implementation, which requires the Coal Ministry's approval,’ Singh said.
The average annual impact on Coal India is around Rs 200 crore for not implementing the wage pact of 2007 in totality, he said, adding the total impact on Coal India would be to the tune of Rs 800 crore annually.
The CIL chairman had said a few days ago that there might be production and dispatch shortfall of 10 million tonne from the miner's annual targets of 482 million and 492 million tonne respectively set for the current financial year.
Singh said unless they got a concrete outcome from the meetings with the deputy labour commissioner and the CIL management on Tuesday, the strike would happen and threatened that they might go for an indefinite strike.
The strike may also affect the proposed board meeting on 13 March here, which was expected to clear the policy of PPP model for coal mining. Earlier, CIL had reported that it produced 42.56 million tonnes (MT) of coal in February, missing its target of 45.41 MT. The company’s offtake during the month was at 40.48 MT, while CIL target for February was 43.02 MT, the company said in a filing to BSE. CIL’s production in the first eleven months of the current fiscal was 409.13 MT, while the company’s target during the period was 429.29 MT, it said.
The company’s offtake during April-February period was 426.44 MT, against the target of 444.20 MT, it added. The state-owned firm had earlier said that it may miss the production target of 482 MT for the 2013-14 fiscal by around 5 MT.
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