Coal India agrees 25% wage hike; stock rises

Coal India has agreed to 25% wage hike, while the final decision on wage hike will be on January 27-28. The total wage bill is seen around Rs 4,000 crore per year post hike, reports CNBC-TV18, NewsWire18.

January 13, 2012 / 09:51 IST

Moneycontrol Bureau

Shares ofCoal India climbed 3% to Rs 333 on Thursday after the company's management agreed to a wage hike of 25% for its three lakh-odd mine workers as against a 100% hike that the unions attached to the country

first published: Jan 13, 2012 09:17 am

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Coal India agrees 25% wage hike; stock rises

Coal India has agreed to 25% wage hike, while the final decision on wage hike will be on January 27-28. The total wage bill is seen around Rs 4,000 crore per year post hike, reports CNBC-TV18, NewsWire18.

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