HYDERABAD: The Bharat Rashtra Samithi (BRS) senior leader and former minister, T. Harish Rao, has sharply criticized the State government. He highlighted that despite Singareni Collieries Company Ltd (SCCL) achieving a remarkable net profit of ₹6,394 crore in 2024-25, workers were allocated only ₹2,360 crore, representing a mere 34% share.
In a fervent statement released on Monday, Mr. Rao vehemently demanded that the workers receive their rightful 34% share of the total net profit, not just a portion derived from 37% of the overall earnings. He further accused the State government of previously compelling the SCCL management to slash the workers’ profit share by more than half, a concerning trend from the previous year.
Questioning the allocation of funds, Mr. Rao sought clarification on the whereabouts of ₹2,283 crore that was set aside from last year’s net profit for ‘future plans.’ He pointed out that an even larger sum of ₹4,034 crore is now being earmarked under the same vague pretext. Recalling historical context, he noted that Singareni workers received a meager 16% profit share from 1998-99 to 2010-11. This percentage saw an increase to 21% in 2014-15, following the formation of Telangana.
During the 2022-23 fiscal year, the workers’ share of the total net profit (effectively a bonus) was commendable, reaching 32%. This historical precedent, Mr. Rao emphasized, highlights the current government’s alleged backslide on worker welfare.