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NMDC is committed to Chhattisgarh

Posted On: 2020-05-28 21:25:21

NMDC believes that the wellbeing of Society including our Production projects is a pre-requisite for the progress of business and prosperity of the organization. NMDC seeks to add value to the populace staying around its project sites by aiming for their betterment by eradication of illiteracy, poverty alleviation, providing better medicare facilities and infrastructure development.

NMDC is consistently spending more than 80% of its CSR funds in the state of Chhattisgarh amounting Rs.465 crores out of Rs.537 crores in last three years*. In keeping with NMDC's ongoing commitment for the development of Chhattisgarh State, NMDC is fully committed to provide all requisite support to the Govt. of Chhattisgarh for various development works to be proposed by the State Authorities in the year 2020-2021 and beyond. Apart from these projects supporting the state government, NMDC is also directly implementing various CSR initiatives in the state.

As part of the fight against the COVID 19 virus NMDC has contributed an amount of Rs.150 crores to the PMCARES Fund. This contribution to PMCARES Fund is over and above what NMDC has committed to the funds earmarked for the developmental efforts in Chhattisgarh.

Commenting on this Shri N. Baijendra Kumar, IAS, CMD, NMDC said, "NMDC has always played an active role in the growth of CG state. Most of the flagship CSR initiatives of NMDC are implemented in Chhattisgarh in the Bastar Division. NMDC has excellent relations with the Chhattisgarh government and is committed to work for the best interests of the people in the years to come".

Shares of NMDC LTD. was last trading in BSE at Rs.79 as compared to the previous close of Rs. 75.1. The total number of shares traded during the day was 427920 in over 2218 trades.

The stock hit an intraday high of Rs. 80.25 and intraday low of 74. The net turnover during the day was Rs. 33473630.

Source: Equity Bulls

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