NMDC advances Rs 200 cr to govt of Chhattisgarh towards royalty

NMDC Limited announced an advance royalty payment of Rs 200 crore to the government of Chhattisgarh to help in the fight against Coronavirus (COVID -19)

Hyderabad: NMDC Limited, the Navaratna mining PSU, on Tuesday declared that the company will advance royalty payment of Rs 200 crore to the government of Chhattisgarh to help in the fight against Coronavirus (COVID-19).

This support offered is unique as only yesterday NMDC has contributed Rs 150 crore to the 'PM CARES Fund' of the central government. To top that contribution with another Rs 200 crore as an advance royalty puts NMDC as one of the unique corporates who have supported both central and state governments.

This announcement was made by NMDC Limited's CMD N Baijendra Kumar on Tuesday on Twitter.

#NMDC has paid Rs 200Cr to #GovtOfChhattisgarh as advance #Royalty to enable the CG Govt to augment it's resources to fight against #COVID19. @nmdclimited stands with its people during difficult times @bhupeshbaghel @ChhattisgarhCMO @TS_SinghDeo @OAKIRANDUL #Chhattisgarh
— CMD NMDC @baijendra (@baijendra) March 31, 2020

NMDC has already rolled out various preventive measures at the headquarters, plants, and offices to protect the employees and their families against the spread of the Coronavirus (COVID-19). NMDC which has operations in the remote parts of India has also implemented steps to fight the Corona Virus at the villages and hamlets adjacent to its facilities and townships.

Kumar commented, "NMDC has always stood with people during difficult times and decided to advance the royalty payment of Rs 200 crore to the government of Chhattisgarh to augment the state's fight against Coronavirus. We are always thankful to the state, and central governments and the people and would always lead and fight together with them to counter any such eventuality or natural calamity."

Donimalai Iron Ore Mines contributes Rs 60 lakh to Ballari district administration

Donimalai Iron Ore Mines, run by India's largest producer of Iron Ore, NMDC Limited on April 3, contributed Rs 60 lakhs to the district administration of Ballari for implementation of improved treatment and preventive measures at the district hospital, Ballari which has been converted as a designated COVID-19 Hospital.

https://psuwatch.com/nmdc-advances-rs-200-cr-to-govt-of-chhattisgarh-towards-royalty/

Sanjeev Sahi, General Manager of Donimalai Iron Ore Mine handed over a cheque of Rs 60 lakhs to SS Nakul (IAS) Deputy Commissioner and District Magistrate, Ballari in the presence of BN Dash, JGM (Fin), Josey Thomas, DGM (Per) CSR and SK Bansod, DGM (Per) of NMDC Limited at Donimalai Complex on April 3.

The contributed amount will be used for meeting the expenditure in setting up of more isolation centres at Ballari and also to procure material such as Rexine beds, pillows and disposable bed sheets and also for extension of oxygen line in District Hospital and TB sanitorium.