MECL signs MoU with Ministry of Mines for FY 2018-19

Source: The Hitavada      Date: 10 May 2018 11:51:12


Business Bureau

THE city based Mini Ratna CPSE, Mineral Exploration Corporation Limited (MECL), engaged in mineral exploration in the country has signed a memorandum of understanding (MoU) with Ministry of Mines, Government of India for the financial year 2018-19 recently at Shastri Bhawan, New Delhi.
The MoU was signed by Anil Gopishankar Mukim, Secretary to Government of India, Ministry of Mines and R N Jha, Chairman-cum-Managing Director (I/c), MECL in the presence of Dr K Rajeswara Rao, Additional Secretary, Bipul Pathak, Joint Secretary and Dr Joyesh Bagchi, Director (Technical) from Ministry of Mines and Yogesh Sharma, General Manager (BD/E), MECL.

During FY2017-18, MECL has carried out 6.32 lakh meters of drilling for various minerals viz., coal, lignite, iron ore, gold, copper, bauxite, limestone, etc., and has added 2656 million tonnes of mineral resources to the national mineral inventory. The financial performance during 2017-18 has been highest since the inception of the company. The company has paid first time interim dividend of Rs 19.73 crore to Government of India for FY 2017-18, informs a press release issued here.
The MoU has been prepared as per the guidelines of Department of Public Enterprise (DPE). The salient features of the MoU include more than 6 lakh metres of drilling with enhanced productivity, development of in-house bore-well deviation camera, completion of client order without time over run, assessment of level in line with People Capability Maturity Level (PCML), online Human Resource Management System (HRMS) in MECL as well as registration of new MSE vendors, etc.