NMDC Ltd, a Public Sector Undertaking (PSU) under the Ministry of Steel, has won the S&P Global Platts Global Metals Award 2018 in the Corporate Social Responsibility category.
The award was received by N Baijendra Kumar, Chairman-cum-Managing Director, and Sandeep Tula, Director (Personnel), NMDC Ltd, in London.
NMDC was competing with 12 shortlisted companies from across the world. This is the first time that an Indian company has bagged the award.
S&P Global Platts is the leading independent provider of information, benchmark prices and analytics for the energy and commodities markets for the past 100 years. The S&P Global Platts Global Metals Award recognises top performers, industry leaders and innovators.
NMDC is the largest iron ore mining company in India with iron ore production of around 35 million tonnes per annum (MTPA).
With a domestic market share of about 25 per cent (non-captive category), the PSU also extracts diamonds from its mine in Panna, which is the only mechanised diamond mine in Asia.
NMDC’s CSR expenditure has increased from Rs 86 crore ($13.25 million) in 2011-12 to an average of Rs 190 crore ($30 million) in the last three years.
N. Baijendra Kumar said, “NMDC CSR initiatives adopt a flexible, inclusive, non-perspective, process-oriented approach to enable 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”.