PSU PRESS RELEASE
NMDC Declared Annual Performance Incentive for FY 2017
New Delhi: India’s Largest Iron Ore Producer NMDC has taken decision in its Apex Joint Council Meeting and Corporate Level Bipartite Committee held at Kolkata on 06th October 2017 to pay Rs.55,600/- to every eligible workmen employed on regular rolls towards Annual Performance Incentive under Annual Performance Incentive Scheme for the FY 2017.
Shri N.Baijendra Kumar, IAS, CMD, NMDC along with all Functional Directors of NMDC viz Dr.Narendra K Nanda, Director(Technical), Dr.T.R.K.Rao, Director(Commercial), Shri P.K.Satpathy, Director(Production), Shri D.S.Ahluwalia, Director(Finance), Shri Sandeep Tula, Director(Personnel) and Members of All India Trade Union of NMDC have come to consensus in the above said Apex Joint Council Meeting where in Shri Gurudas Dasgupta, Hon’ble Ex- Member of Parliament, & President of All India NMDC Workers Federation was also present, to declare Annual Performance Incentive to all eligible workmen.
Both CMD , NMDC and President, All India NMDC Workers Federation praised the dedicated efforts of all employees which resulted in achieving these highest ever record Production of 34 Million Tonnes and record Sales of 35.6 Million Tonnes of Iron Ore for the year 2016-17
NMDC which has a dedicated team of around 5500 employees on its roll, is well known for its best HR Practices & Industrial Relations that enabled the Company to achieve the above highest ever record performance.
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station