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NMDC wins S&P Global PLATTS Global Metals award

Mining News - Published on Tue, 22 May 2018

Image Source: businessworld.in
NMDC Limited has bagged the prestigious S&P Global PLATTS Global Metals Award 2018 in corporate social responsibility category held on 17-05-2018 at London. The shortlisted 12 nominations were of renowned companies across the world. This is the first time since inception of this awards, an Indian Company bagged an award in this category.

NMDC is the largest iron ore mining company in India. With iron ore production of around 35 million tonnes per annum, it has a domestic market share of about 25%. NMDC also extracts diamonds through its mine in Panna, which is the only mechanized diamond mine in Asia.

NMDC’s CSR engagement has grown over the years which gets reflected in the CSR expenditure which has increased from INR 86 crore (13.25 million USD) in 2011-12 to an average of INR 190 crore (30 million USD) during the last three years. The company 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.

NMDC has in place a unique model to design and implement CSR programmes which involve a consultative process with various stakeholders, viz., District and State Administration, NGOs, people’s representatives and beneficiaries.

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Posted By : Rabi Wangkhem on Tue, 22 May 2018
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