HESCO Announces Honorarium for Employees for FY 2024-25–Notification

HESCO Announces One-Month Honorarium for Employees – Financial Details Released:

The Hyderabad Electric Supply Company (HESCO) has officially announced an honorarium for all employees for the financial year 2024-25. As per the latest notification issued by the Chief Financial Officer (CFO) HESCO, Hyderabad, employees across different Basic Pay Scales (BPS-1 to BPS-17 and above) will receive an honorarium equivalent to one month’s basic pay.

The financial estimates for this honorarium have been calculated based on the basic pay as of February 2025, and the total financial implication stands at Rs. 273.379 million. The breakdown of the estimated expenditure is as follows:

• BPS 1 to 15: Rs. 210.237 million
• BPS 16: Rs. 18.873 million
• BPS 17 & Above: Rs. 44.269 million

This move aims to recognize the efforts of HESCO employees and provide them with financial relief in the current fiscal year. Employees are advised to stay updated regarding further instructions and disbursement details. Please find the notification:

HESCO
HYDERABAD ELECTRIC SUPPLY COMPANY
OFFICE OF THE CHIEF FINANCIAL OFFICER HESCO

3^rd FLOOR WAPDA OFFICES COMPLEX
HESCO HYDERABAD

NO. CFO/HESCO/Comp/2960-61                                                                                                                                                                                                        Dated: 21-03-2025

The Deputy Manager Services,
HESCO, Hyderabad.

SUBJECT:             HONORARIUM FOR FINANCIAL YEAR 2024-25

Reference:          Your Office letter No.CEO/HESCO/DM(Serv.) A-6/(PA)/3564 dated 21.03.2025

                              With reference to the letter cited above, it is stated that the financial implication on tentative basis worked out upon the data provided by the Manager (MIS) HESCO, for the grant of honorarium equal to one month basic pay to all HESCO employees is given hereunder:

Rs. In Million

Deputy Manager (C.A-II)
HESCO, Hyderabad

Ensuring Employee Welfare: HESCO’s Commitment to Its Workforce:

The decision to provide a one-month honorarium to all HESCO employees reflects the organization’s commitment to employee welfare and motivation. Recognizing the hard work and dedication of its workforce, HESCO continues to implement policies that ensure financial benefits and stability for its employees.

This honorarium will provide financial relief to thousands of employees across different pay scales, enhancing their job satisfaction and reinforcing their role in providing uninterrupted electricity services to consumers. The timely disbursement of these benefits ensures that employee welfare remains a top priority for HESCO.

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