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COVID-19: Goodwill gesture of KIOCL amid lockdown

KIOCL has contributed Rs 10.10 crore and one day’s salary of its employees, amounting to Rs 15 lakh, to the Prime Minister’s CARES Fund to support nation’s fight against COVID-19

New Delhi: The state-run KIOCL Limited, a Miniratna PSU under the Ministry of Steel, on Tuesday said that it has always been a front-runner in its obligations towards corporate social responsibility (CSR). It’s been helping the needy people immediately whenever they are in crises due to Natural Calamity.

“In its continuous quest to contribute towards the fight against Coronavirus (COVID-19) under the guidance of Steel & Petroleum Minister Dharmendra Pradhan, KIOCL is working on 24x7 basis to extend support to the needy people especially migrant workers, contract workers, people below the poverty line to combat the hurdles faced by them due to lockdown measures announced by the government,” it said in a regulatory filing to the stock exchange.

While KIOCL’s Chairman & Managing Director (CMD) MV Subba Rao informed that the company has contributed Rs 10.10 crore and one day salary collectively by all the employees amounting to Rs 23.72 lakhs to Prime Minister’s CARES Fund. He also informed that Rs 15.00 lakhs has been contributed to Karnataka CM Relief Fund to fight against COVID-19 pandemic. In addition to the this, he also mentioned that, as per the appeal of the Deputy Commissioner of Dakshina Kannada District, an amount of Rs 4.46 lakhs has been deposited to Food Corporation of India (FCI) towards procurement of 200 Quintals of rice, for providing food to migrant labourers, located in different areas of Dakshina Kannada District.

In order to minimize exposure to infections that could cause serious illness, KIOCL Limited distributed PPEs such as face-masks, sanitizers, hand-gloves, food packets etc., to the needy people at Bengaluru and Mangaluru areas. The company has also sponsored grocery items and distributed to BPL cardholders at Mukka area, near Mangaluru.