comScore
Active Stocks
Mon Sep 25 2023 15:59:39
  1. Tata Steel share price
  2. 127.35 0.51%
  1. Tata Motors share price
  2. 618.6 -0.4%
  1. NTPC share price
  2. 239.6 0.69%
  1. Wipro share price
  2. 414.05 -1.1%
  1. Infosys share price
  2. 1,474.75 -1.42%
Business News/ Industry / Energy/  Coal India ready for conciliation as unions threaten strike
Back

New Delhi: State-owned Coal India Ltd (CIL) said that it is ready for the conciliation even as employees’ unions of the coal PSU have threatened to go on five-day strike beginning 6 January.

“As and when the (notice of strike) is received, we shall go for conciliation process," Coal India (CIL) said in a filing to BSE. CIL said that it has learnt from the newspaper reports that four trade unions—Indian National Mineworkers Federation (INMFW), Hind Khadam Mazdoor Federation, AITUC-controlled Indian Mine Workers Federation and Bharatiya Mazdoor Sangh—have decided to go on strike from 6-10 January.

However, CIL added that it has yet to receive an official notice from the unions. Employee unions of state-owned CIL and SCCL had on 17 December threatened to go on strike. The strike call comes at a time when the country is grappling with coal shortages and as many as 43 thermal power plants are facing significant fuel deficit. The charter of demands include stopping or withdrawing “process of denationalisation of coal sector" and stopping “disinvestment, restructuring of CIL" (Coal India) among others.

The demands also includes extending National Coal Wage Agreement (NCWA) wages and other benefits to existing and prospective captive coal workers and lifting the ban on general recruitment.

Regularising contract workers engaged in mining jobs in underground as well as open cast mines is another demand. Earlier, the proposed strike on 24 November by CIL employee unions was deferred after a meeting between coal ministry officials and trade unions.

As per latest data from the Central Electricity Authority (CEA), 43 thermal power plants had coal available for less than seven days as on 18 December.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 22 Dec 2014, 07:38 PM IST
Next Story
Recommended For You
Switch to the Mint app for fast and personalized news - Get App