Workers salute the generosity of the company!
Companies usually think more about their success, their profits, but today we are going to tell you about a company which has not only made profit itself, but has also made its employees rich by giving them a wonderful gift. Here we are talking about Lloyds Metal and Energy Limited, associated with the iron and steel industry, which is mining iron core in the Maoist-affected Gadchiroli district of Maharashtra.
The company distributed expensive shares at a low price
The company distributed shares worth more than Rs 1,337 to its approximately 6000 employees and in return, only Rs 4 per share was taken from them. The company also organized a program to distribute shares to the employees at a very low price.
State chief minister devendra fadnavis also participated in it. He gave the certificate of distribution of shares to padma shri awarded 70-year-old tribal social worker Tulsi Munda and two surrendered Maoists. Let us tell you that Tulsi Munda works in the odisha unit of the company. Usually employees come from Gadchiroli or far-flung tribal areas to work here.
Stir started in the stock market
If we look at the shares distributed by the company to its employees today in terms of market capitalization, then the total value of the shares is Rs 1,000 crore. Meanwhile, this move of the company also created a stir in the stock market during the trading session on Thursday. The company's stock saw a strong jump of up to 7 percent. With this, the total market capitalization of the company reached Rs 66,091 crore on thursday with a growth of 6.7 percent in the shares. The stock closed at Rs 1,350 as against Rs 1,263 per share during the previous trading session.