Ministry of Labour & Employment
New Wage Settlement of MOIL workers signed
between MOIL Management-MOIL Kamgar
Sanghathan, in the presence of Chief Labour
Commissioner (Central)
Wage revision to benefit close to 6000 company
employees.
Posted On:
17 NOV 2021 6:29PM by PIB Delhi
In a major development & relief to more than 6000 workers wage settlement was signed between MOIL
Management-MOIL Kamgar Sanghathan in presence of Chief Labour Commissioner (Central).MOIL
Limited is a Schedule-A, Miniratna Category-I CPSE under the administrative control of Ministry of
Steel, Government of India.
Thewage revision is for 10 years’ duration w.e.f 01.08.2017 up to .31.07.2027, benefitting close to 6000
company employees. It is based on an MOU arrived between management and recognized union of
MOIL i.e. MOIL Kamgar Sanghatan (MKS). The settlement includes fitment benefit of 20% and
perks/allowances at the rate of 20%. An Interim relief @ 12% of Basic and DA was given by the
company w.e.f May, 2019.
It was agreed that MOIL will be making the arrear payment in one go, which will have a financial
impact of Rs. 218 crores approximately for the period it is due i.e. from 1st August, 2017 to 30th
September, 2021. The financial impact of the proposed wage revision will be about Rs.87 crores per
annum. MOIL LIMITED has already made full provisions for this wage increase in the books of
accounts.
Recently approval of the wage revision of MOIL workers was announced by Shri Nitin Gadkari,
Hon’ble Minister for Road Transport & Highways and Shri Ram Chandra Prasad Singh, Hon’ble
Minister of Steel, Government of India, However, long standing formal wage settlement was Signed
today at Delhi with Recognized workers Union, CMD(MOIL) in presence of Shri D.P.S. Negi, Chief
Labour Commissioner (Central).
Representing the Management at the historic wage settlement were Shri Mukund P. Chaudhari,
Chairman-cum Managing Director MOIL Ltd., Shri Rakesh Tumane, Director (Finance), MOIL Ltd.,
Smt. Usha Singh, Director (HR) MOIL Ltd., Shri PVV Patnaik, Director (Commercial) & I/c (P&P),
MOIL Ltd. and Shri C.B. Atulkar, ED (Technical) MOIL Ltd.
The Union was represented by Shri Ramawatar Dewangan, Secretary General, MOIL Kamgar
Sanghathan HO Nagpur, Shri Mukunda Jambulkar, vice President, HO Nagpur, Shri Vedprakash Diwan,
Branch Secretary.Shri Appu Nair,Treasurer, HO Nagpur and Shri Aifaz Kureshi, General Secretary
MOIL is the largest producer of manganese ore in the country and operates eleven mines in the State of
Maharashtra and Madhya Pradesh. MOIL holds nearly 34% of manganese ore reserves of the country
and is contributing nearly 45% of the domestic production. The company has ambitious vision of almost
doubling its production to 25 lakh MT by FY 2024-25. MOIL is also exploring business opportunity in
the State of Gujarat, other areas in the State of Madhya Pradesh, Rajasthan and Odisha.
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GK
(Release ID: 1772698)
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