Coal India to spend Rs 235 cr on toilets

Written By Unknown on Selasa, 02 September 2014 | 21.04

The fund is 50 percent of the company's total Corporate Social Responsibility (CSR) war chest of Rs 470 crore budgeted for the ongoing financial year.

In response to the call given to the corporate sector by PM Narendra Modi for 'Clean India' initiative, Coal India  today said it will spend Rs 235 crore on building toilets and improving sanitation in schools and households of underprivileged.

"The amount of Rs 235 crore would be utilised for creating modern sanitation facilities in schools operating in the command areas of CIL's (Coal India) subsidiary companies and in the villages of economically backward districts which lack toilet facilities identified by coal companies through a baseline survey," the PSU said in a statement.

The fund is 50 percent of the company's total Corporate Social Responsibility (CSR) war chest of Rs 470 crore budgeted for the ongoing financial year, it said.

The company will engage various NGOs for the construction of toilets as well as undertake awareness campaigns for better sanitation, it said adding that a total of around one lakh households would be benefited by the sanitation initiative.

"This apart, around 6,000 toilet facilities would be built in schools. This hygiene drive is targeted to be completed within March 2015, through engagement of NGO agencies by coal companies," it said.

CIL's mining operation are currently in 429 mines spread across eight states---West Bengal, Jharkhand, Odisha, MP, UP, Chhattisgarh, Maharastra and North Eastern states.

Yesterday, infrastructure major Larsen & Toubro had said it will construct 5,000 toilets.

Earlier, Sunil Mittal-led Bharti Enterprises' development arm, Bharti Foundation, had also announced investment of up to Rs 100 crore for constructing toilets in Ludhiana over the next three years.

Tata Consultancy Services ( TCS ) had pledged Rs 100 crore towards financing hygienic sanitation facilities for girl students across 10,000 schools while Vedanta Group announced building of 10,000 more toilets in addition to 30,000 which it has already constructed in collaboration with Rajasthan government.

Coal India stock price

On September 02, 2014, Coal India closed at Rs 363.65, down Rs 1.7, or 0.47 percent. The 52-week high of the share was Rs 423.50 and the 52-week low was Rs 240.50.


The company's trailing 12-month (TTM) EPS was at Rs 20.04 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 18.15. The latest book value of the company is Rs 26.04 per share. At current value, the price-to-book value of the company is 13.97.


Anda sedang membaca artikel tentang

Coal India to spend Rs 235 cr on toilets

Dengan url

http://kebugaranhidup.blogspot.com/2014/09/coal-india-to-spend-rs-235-cr-on-toilets.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Coal India to spend Rs 235 cr on toilets

namun jangan lupa untuk meletakkan link

Coal India to spend Rs 235 cr on toilets

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger