Andhra Pradesh Mineral Development Corporation Ltd. (APMDC) has formed a trust “APMDC Foundation” for implementing and supporting the CSR activities of the Corporation through provision of funds and other necessary support for execution. The VC & MD of APMDC serves as the Executive Chairman of the trust and Executive Director, APMDC along with General Manager, Finance, APMDC as trustees to oversee the functioning of the trust. Additionally, the trust is providing with a dedicated Managing Officer who is responsible for the day to day operations to ensure its functioning in line with its vision of holistic community development. The APMDC Foundation coordinates closely with the Corporation for the implementation and execution of CSR projects.
COMMITTED TO GIVE BACK MORE TO THE SOCIETY
APMDC Foundation is a Registered Trust with Regd No: 159/BKIV/2017
Further the Trust has got 80G and 12AA exemptions from the Income Tax Department and the donations received by the trust will have exemption under the above sections.
Change concerned authorities to Income Tax Department in above para
CSR Vision: from Past Brochure
Guiding Principles for APMDC Foundation:
- Implementation of the best in class practices for the CSR projects
- Effective two way communication with the stakeholders and beneficiaries
- Regular and systematic impact assessments for the projects
- Immediate and long term sustainability
APMDC Foundation Executive Chairman
The Andhra Pradesh Mineral Development Corporation Ltd. (APMDC) 1961, is a wholly owned undertaking of Government of Andhra Pradesh engaged in commercial exploration and exploitation of valuable mineral resources and in the development of mineral based industries and mining infrastructure in the state of Andhra Pradesh.
APMDC Foundation is a trust of Andhra Pradesh Mineral Development Corporation Limited (APMDC) for implementing and supporting CSR activities of the Corporation through provision of funds and other necessary support for execution. At APMDC Foundation we seed hope in people’s minds and make them believe they can grow stronger than anything. Our harvest is flowering smiles.
With a view to have better control and effective use and implementation of this CSR Policy which shall not only improve the facilities to the local areas but also will act like a guide for socio-economic and environmental development for the areas selected for CSR activities.
Ch. Venkaiah Chowdary, IRS
APMDC invites Partnership for CSR Projects
APMDC is well placed for timely implementation and efficient execution of community development projects.
APMDC welcomes partnership proposals in CSR planning and implementation providing multiple benefits and synergies for APMDC and the partner involved:
- Unique opportunity of working with the AP State government to undertake CSR in AP
- State Government support and coordination for need identification and project execution
- Experience in CSR projects implementation and operations in AP
- Increased brand penetration and awareness in AP State
APMDC (Andhra Pradesh Mineral Development Corporation Limited)
The Andhra Pradesh Mineral Development Corporation Ltd. (“APMDC” or the “Corporation”) is a fully owned undertaking of the Government of Andhra Pradesh. It was incorporated on 24 February 1961 under the Indian Companies Act 1956.
APMDC is engaged in commercial exploitation of various minerals. APMDC is playing a pro-active role in the exploitation of valuable mineral resources and in the development of mineral based industries & mining infrastructure in the state of Andhra Pradesh. APMDC is set to undertake several innovative and definitive measures in this regard.
The Corporation is India’s largest producer and supplier of Barytes since 1975 from its mines situated in Mangampet Village, Kadapa District of A.P., India. This Barytes deposit is the single largest deposit in the world and accounts for 95% of the Indian Reserves. The quality of Barytes Mineral extracted from the mine is renowned globally for its Oil Drilling Grade and other applications.
APMDC has an existing production capacity of 3 Million Tonnes per annum with state of the art mining equipment and operational practices. APMDC has implemented Boom-barrier/ RFID tracking system to effectively manage grade wise arrivals and dispatches at stockyards. Apart from Barytes, the mineral wealth of Corporation includes Granite, Bauxite, HMBS, Calcite, Silica Sand and Iron Ore. The Corporation has recently received two large Coal blocks in Madhya Pradesh and Chhattisgarh.
The Corporation has strong focus on Safety, Environment, Social Development, other Regulatory Compliance and Corporate Governance. The Corporation has received various prestigious awards in many of these domains.