Neyveli employees call off strike
The three-day stir has been withdrawn in the wake of PM's decision to shelve divestment in the corporation.india Updated: Jul 07, 2006 11:27 IST
About 20,000 employees of the Neyveli Lignite Corporation (NLC), who were on strike since Tuesday, on Thursday night called off their protest and reported for duty at 2130 hours.
The workers, who went on indefinite strike protesting the Centre's decision to divest 10 per cent equity in NLC, withdrew the stir following Prime Minister Manmohan Singh's decision to put on hold the disinvestment of NLC and other Public Sector Units (PSUs).
Power generation and lignite mining, which were totally paralysed due to the strike, commenced on Thursday night. However, it would take at least 16 hours for power generation to reach its full capacity of 2490 mega watts, NLC sources said.
NLC is the major power supplier to the southern grid comprising Tamil Nadu, Kerala, Karnataka, Andhra Pradesh and the Union Territory of Pondichery.
Many rural areas in Tamil Nadu were enveloped in darkness, as power was not flowing from Neyveli.
"The NLC suffered a loss of about Rs 20 crore due to the three days of strike," the PSU's Chief General Manager P Babu Rao said.
The decision on withdrawal of strike was announced by S Raja Vanian, General Secretary of NLC DMK Trade Union at a public meeting in Neyveli.
All political parties in Tamil Nadu had voiced their protest against the Centre's move to divest stakes in one of the biggest PSUs in the state.