Public sector iron ore miner NMDC Ltd has bagged S&P Global Platts Global Metals Award 2018 in the corporate social responsibility category.
Chairman-cum-Managing Director N. Baijendra Kumar and Director (Personnel) Sandeep Tula received the award at a function held on Thursday in London on Thursday. The honour S&P Global Platts Global Metals Award recognises top performers – industry leaders and innovators. It corporate social responsibility (CSR) award recognises the organisation that best demonstrates leadership, commitment to action and real-world social impact on social responsibility of corporate business entity, a release from NMDC said.
The public sector firm 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% (non-captive category). NMDC also extracts diamonds through its mine in Panna, which is the only mechanised diamond mine in Asia.
Mr. Kumar said the company's CSR initiatives adopt a “flexible, inclusive, non-perspective, process-oriented approach to enable the stakeholders to determine the scope of our programmes and activities. NMDC has shown that it is possible to be profitable, while being socially and environmentally responsible”.
NMDC’s CSR spend has increased from ₹86 crore ($13.25 million) in 2011-12 to an average of ₹190 crore ($30 million) during the last three years. The company has been supporting initiatives on education, health, skill development, infrastructure creation, drinking water with a view to enhance the quality of life and empower the local population, the release said.
