Hyderabad, India: State-owned NMDC Limited bagged the prestigious S&P Global Platts Global Metals Award 2018 in the corporate social responsibility category, as announced today in a company press release.
The awards’ ceremony was held yesterday at London Grosvenor Square Marriott Hotel, UK. Shri N. Baijendra Kumar, IAS, Chairman-cum-Managing Director and Shri Sandeep Tula, Director (Personnel), NMDC received the coveted award. This is the first time since inception of this awards, an Indian company bagged the prestigious award in this category, it added.
S&P Global Platts is the leading independent provider of information, benchmark prices and analytics for the energy and commodities markets, which has been in existence for over 100 years.
The Corporate Social Responsibility (CSR) Award offered by S&P Global Platts recognizes the organization that best demonstrates leadership, commitment to action and real-world social impact on social responsibility of corporate business entity.
Being a largest iron ore mining company in India with iron ore production of around 35 million tonnes per annum (MTPA), NMDC has a domestic market share of about 25 per cent (non-captive category). The company also extracts diamonds through its mine in Panna, which is the only mechanized diamond mine in Asia. The company has been given the award as CSR is “raison detre” of NMDC and not just a part of business strategy.
Some of the outstanding features of the CSR programmes of NMDC are as below, said the press release:
- NMDC’s CSR engagement has grown over past few years which gets reflected in the CSR expenditure which has increased from Rs 86 crore (USD13.25 million) in 2011-12 to an average of Rs.190 crore (USD30 million) during the last three (03) years.
- NMDC has been supporting initiatives on Education, Health, Skill development, Infrastructure creation and drinking water among others with a view to enhance the quality of life and empower the local population.
Kumar further congratulated all the company’s employees for winning this award and stated that it was the collective efforts and collaborative approach of all the employees which made it possible. He also thanked Ministry of Steel for their continuous support and guidance and also appreciated the efforts.