According to the Ministry of Labour & Employment, two Memorandums of Settlement were signed between the management of UltraTech, Bathinda, and workers’ unions on 14th October 2026. The agreements were reached following conciliation efforts by the Assistant Labour Commissioner (Central), Jalandhar.
The settlements, concluded with the Centre of Indian Trade Unions and the All India Trade Union Congress, will provide financial benefits worth about ₹3.36 crore to 217 workers over the next five years. The agreed benefits will be extended retrospectively from the second quarter of the year, according to the terms of the agreements.
What it means
- 217 workers of UltraTech, Bathinda, will receive financial benefits amounting to approximately ₹3.36 crore over the next five years.
- The agreed benefits will be applied retrospectively from the second quarter of the year.
Source
Press Information Bureau, Government of India, “Settlements Worth ₹3.36 Crore for 217 Workers of UltraTech, Bathinda”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
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