India’s largest iron ore producer, NMDC, on Tuesday (September 8, 2026) signed a tripartite wage settlement in New Delhi for its non-executive (workmen) employees, effective from January 1, 2022.Under the revised wage structure, employees will receive 100% Dearness Allowance (DA) neutralisation as of January 1, 2022, along with a 15% minimum guaranteed benefit. Perks will be provided under the cafeteria approach at 30% of basic pay.The settlement also introduces a special allowance equivalent to 5% of basic pay for employees posted at NMDC’s Bacheli, Kirandul, Donimalai and Panna projects. Changes have additionally been made to night-shift and other allowances.The agreement was signed in the presence of Chief Labour Commissioner (Central) Sonal Mishra, three Deputy Chief Labour Commissioners and three Regional Labour Commissioners. NMDC CMD Amitava Mukherjee, all functional directors, and representatives of the All India NMDC Workmen Federation (AINMDCWF), along with union representatives from various projects and units, attended the signing ceremony.Mr. Mukherjee said the wage revision reflected NMDC’s commitment to recognising and rewarding the contributions of its non-executive and workmen employees. Published - September 08, 2026 08:25 pm IST