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Hill Corp. makes bonanza of bonus!

Mon, Dec 21, 2015, 01:26 PM
You may have heard of bonuses such as cars given by companies. But all these may have to be put in the shade if you are to believe a bonanza of Rs.66.30 lakh bonus announced by oil company Hill Corp. This bonus was handed over to each of its 1400 employees 10 days before the Christmas season.

Last year, Hill Corp gave a bonus of about Rs.20 lakh each and a car as well. This year's bonanza was three times that of last year.

Believe it or not, the bonanza is despite the sluggish oil market. But Hill Corp ended the year by doubling its profits. Company Chairman Hildey Brand believed that his employess were the cause of the corporate profits.

Hill Corp assets have been valued at $5.9 billion (Rs.39,000 crore) by Forbes magazine.
Agency: Ap7am Desk

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