Northern Coalfields to spend Rs 133 cr on CSR in FY22
31 Aug 2021
2 Min Read
CW Team
The Ministry of Coal announced on Saturday that Northern Coalfields Limited (NCL) plans to spend Rs 132.75 crore on corporate social responsibility (CSR) activities this fiscal year.
In 2020-21, the company spent around Rs 130 crore on CSR.
Northern Coalfields Ltd (NCL), a coal ministry company, will provide plastic engineering training to 500 youth living in and around NCL's operational areas, ensuring their job readiness in the competitive market.
According to the ministry, the training will be organised with the help of the Central Institute of Petrochemicals Engineering and Technology (CIPET) in Chennai.
NCL will spend Rs 70,000 per trainee as part of its CSR programme for this residential training programme, which includes course fees, course materials, uniforms, training kits, housing, and other overhead costs.
CIPET will provide training in plastic processing, injection moulding, blow moulding, and plastic recycling to the selected candidates at its centres in Bhopal, Gwalior, and Lucknow.
The National Skill Qualification Framework (NSQF) has set the standards for this training programme, which has been approved by the National Skill Qualification Committee (NSQC).
In this regard, NCL's holding company, Coal India, and CIPET, Chennai, have signed a Memorandum of Understanding (MoU).
NCL, in collaboration with CIPET, held a two-day screening session at the Nigahi and Khadia projects to select candidates, and 345 qualified candidates were chosen for the skill development programme.
The remaining candidates will be chosen in subsequent rounds of screening.
NCL owns and operates ten highly mechanised opencast coal mines that produce 15% of the country's coal. In the previous fiscal year, the company produced over 115 million tonne (mt) of coal.
Also read: Coal India plans Rs 17,000 cr capital expenditure target in FY22
The Ministry of Coal announced on Saturday that Northern Coalfields Limited (NCL) plans to spend Rs 132.75 crore on corporate social responsibility (CSR) activities this fiscal year.
In 2020-21, the company spent around Rs 130 crore on CSR.
Northern Coalfields Ltd (NCL), a coal ministry company, will provide plastic engineering training to 500 youth living in and around NCL's operational areas, ensuring their job readiness in the competitive market.
According to the ministry, the training will be organised with the help of the Central Institute of Petrochemicals Engineering and Technology (CIPET) in Chennai.
NCL will spend Rs 70,000 per trainee as part of its CSR programme for this residential training programme, which includes course fees, course materials, uniforms, training kits, housing, and other overhead costs.
CIPET will provide training in plastic processing, injection moulding, blow moulding, and plastic recycling to the selected candidates at its centres in Bhopal, Gwalior, and Lucknow.
The National Skill Qualification Framework (NSQF) has set the standards for this training programme, which has been approved by the National Skill Qualification Committee (NSQC).
In this regard, NCL's holding company, Coal India, and CIPET, Chennai, have signed a Memorandum of Understanding (MoU).
NCL, in collaboration with CIPET, held a two-day screening session at the Nigahi and Khadia projects to select candidates, and 345 qualified candidates were chosen for the skill development programme.
The remaining candidates will be chosen in subsequent rounds of screening.
NCL owns and operates ten highly mechanised opencast coal mines that produce 15% of the country's coal. In the previous fiscal year, the company produced over 115 million tonne (mt) of coal.
Image Source
Also read: Coal India plans Rs 17,000 cr capital expenditure target in FY22
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
