Coal India has signed a Memorandum of Understanding (MoU) with the Sports ministry, contributing Rs 75 crore towards the government's National Sports Development Fund (NSDF) as part of its Corporate Social Responsibility (CSR) initiative. The contribution by Coal India to NSDF has come at an appropriate time in the backdrop of unprecedented performances by the country's sportspersons at the recently-held Olympics and Paralympics in Tokyo.
The company’s endeavour to contribute substantial funds of Rs 75 crore towards construction of three hostels for sports athletes will bring ease of training and enhanced facilities. The hostels will come up at SAI academies at Bangalore, Bhopal and LNIPE Gwalior.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
