MECL bags SCOPE Excellence Award

Source: The Hitavada      Date: 14 Apr 2017 10:10:00

Business Bureau,

Mineral Exploration Corporation Ltd (MECL) has won the ‘SCOPE Excellence Award -2014-2015’ in the Institutional Category II (Miniratna I and II PSEs) alongwith ONGC Videsh Ltd and WAPCOS (Special Commendation). The award, a golden trophy with citation was received by Dr Gopal Dhawan, CMD of MECL from Pranab Mukharjee, President of India, at a glittering ceremony at Vigyan Bhawan, New Delhi.

The Standing Conference of Public Enterprises (SCOPE), the apex body of CPSEs, awards PSEs for excellence and outstanding contribution to the public sector management and recognises the contribution to encourage outstanding persons for their hard work and leadership qualities. SCOPE constitutes a highest level committee of eminent juries every year to examine the structured appraisal reports of CPSEs and select amongst them for conferring the prestigious award. These awards were instituted in the year 1996-97 and are given in the institutional and individual categories. MECL is a premier agency of Government for carrying out regional and detailed mineral exploration in the country, providing all exploration services under one roof. Since inception in 1972, it has provided invaluable services for growth of mineral and coal industry.

Dr Gopal Dhawan, CMD has given a strategic vision to the company in which it has planned to increase its drilling production by 7.5 lakh meters with a CAPEX of Rs 207 crore by 2020.

The MoU rating of the company for the year 2014-15 was ‘Excellent.’ During the last 5 years, the company has made substantial progress and during the year 2016-17 it has recorded all time high performance. With reference to previous year i.e 2015-16, drilling production has increased from the level of 4 lakh meters to more than 5 lakh meters while the turnover has increased by 15 per cent.