Steel PSUs contribute over ₹267 crore to PM-CARES Fund

Steel Factory

Steel PSUs have contributed over ₹267 crore towards the Prime Minister’s Citizen Assistance and Relief in Emergency Situation (PM-CARES) Fund to fight the coronavirus pandemic in India.

Steelmakers Rashtriya Ispat Nigam Ltd (RINL) and Steel Authority of India Ltd (SAIL) has given Rs 6.16 crore and Rs 30 crore respectively to the PM-CARES Fund to combat the coronavirus pandemic.

As per official data, miner, National Mineral Development Corporation, NMDC has donated the maximum amount at ₹155 crore, while mining company under the administrative control of the Ministry of Steel company, aka Manganese Ore India Limited, MOIL has given ₹48 crore.

Pellet maker KIOCL, Kudremukh Iron Ore Company Limited has contributed an amount of ₹10.10 crore into Prime Minister’s Citizen Assistance and Relief in Emergency Situation (PM-CARES) Fund.

Mecon, Metallurgical & Engineering Consultants Limited, a consultancy firm has made a contribution of Rs 7.75 crore, while e-commerce firm MSTC limited, Metal Scrap Trade Corporation Limited and Ferro Scrap Nigam Ltd (FSNL) have given ₹ 5.54 crore and ₹5 crore.

Masks, food packets, and hand sanitizers distributed by the steel companies. The companies are also offering medical assistance to the communities living near their facilities and offices in various states.

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As part of efforts to contain the spread of the virus, more than 50 percent of the public sector undertakings (PSUs) staff have been asked to work from home. The total contribution of Steel PSUs amounts to ₹267.55 crores.