Coal India to raise executive salaries at a cost of Rs800 crore
New Delhi: Coal India Ltd, the world’s largest coal miner, will pay its executives about Rs800 crore ($124.08 million) in salary rises retroactive from January this year, interim chairman Gopal Singh told Reuters.
The pay increase, which was approved by the board last week, comes over a month after the company approved a rise in the salaries of its workers, costing Rs5,600 crore over five years.
The company employs more than 300,000 people, about 18,000 of whom are executives. Reuters
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