As part of its Corporate Social Responsibility (CSR) initiative, ONGC has signed a Memorandum of Agreement (MoA) with Dr Babasaheb Ambedkar Vaidyakiya Pratisthan (BAVP) for setting up of a multi-speciality hospitality in Assam.
In association with the Aurangabad-based BAVP, the state-run oil major will construct the Rs 312.34 crore hospital at Rajabari in Sibsagar district. The project will be completed in three phases.
Talking to journalists, ONGC officiating chairman-cum-managing director Shashi Shankar said, “ONGC is committed to implement its CSR initiatives across the country and has given special focus on the North East by setting up its single largest project anywhere in the country.”
He added: “ONGC is a responsible corporate and besides its operational responsibilities, is equally focused on the economic upliftment of people in and around its operational areas.”
While ONGC had spent Rs 421 crore on CSR activities during the last financial year, the sum is expected to cross Rs 500 crore this year.