Officials and employees of Coal India Limited have received a significant New Year benefit with the approval of a 25% hike in gratuity, a move that will also extend benefits to retired employees. The decision is expected to provide substantial financial relief and enhance post-retirement security for thousands associated with the state-run coal major.
According to officials, the enhanced gratuity will apply across eligible categories, ensuring that serving employees as well as retirees gain from the revised payout structure. The increase reflects the company’s improved financial position and its continued focus on employee welfare amid rising living costs.
Employee unions have welcomed the move, describing it as a long-pending demand and a positive signal of recognition for the workforce’s contribution to India’s energy security. Retired employees, in particular, are expected to benefit from the revised gratuity calculation, offering additional support during retirement years.
The gratuity hike comes at a time when Coal India continues to play a critical role in meeting domestic coal demand while also undertaking reforms aimed at improving efficiency, governance, and workforce morale.