Economy

Steel PSUs contribute over ₹260 crore to PM-CARES Fund

PTI New Delhi | Updated on April 05, 2020 Published on April 05, 2020

Steel PSUs have contributed over ₹260 crore towards the PM-CARES Fund to combat the coronavirus pandemic.

As per official data, miner NMDC has made the highest contribution among steel PSUs at ₹155 crore.

 

MOIL, another mining company under the administrative control of the Ministry of Steel, has donated ₹48 crore.

Steelmakers Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL) have given ₹30 crore and ₹6.16 crore respectively to the Prime Minister’s Citizen Assistance and Relief in Emergency Situation (PM-CARES) Fund.

Pellet maker KIOCL has deposited an amount of ₹10.10 crore into the fund.

Consultancy firm Mecon contributed ₹7.75 crore, while e-commerce firm MSTC and Ferro Scrap Nigam Ltd (FSNL) have given ₹5.54 crore and ₹5 crore.

The total contribution of public sector undertakings (PSUs) in the steel sector amounts to ₹267.55 crore.

 

Further, as part of efforts to contain the spread of the virus, about 50 per cent of the staff of the PSUs have been asked to work from home, and only necessary operations at the units of these companies are on.

Those on duty have been provided with proper safety equipment, and the companies are sanitising their premises on a regular basis.

The companies are also distributing food packets, masks, hand sanitizers, and offering other medical assistance to the communities living near their facilities and offices in various states.

Published on April 05, 2020

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