Bhubaneswar: Chief Minister Shri Mohan Charan Majhi expressed profound satisfaction upon witnessing the extensive range of industrial and CSR activities showcased by the MGM Group of Industries at the prestigious Samruddha Odisha 2036 Conclave.
The Chief Minister formally inaugurated the MGM Pavilion at the event, which reportedly attracted a large volume of visitors, underscoring the Group’s importance to the state’s economic landscape.
Shri Pankaj Lochan Mohanty, the Chairman and Managing Director of the MGM Group, briefed Chief Minister Shri Majhi on the conglomerate’s multi-sectoral presence and CSR activities. Shri Mohanty is the Chairman Odisha State Development Council ASSOCHAM.
Established over eight decades ago in Odisha with a focus on mining, the Group has successfully diversified its operations into six distinct verticals, actively aligning with the state’s industrial vision.
The core business remains Mining and Integrated Steel Making, with operations spanning iron ore mines in Sundargarh and advanced steel plants in Dhenkanal and Keonjhar. The Group is pursuing forward integration and value addition within this segment.
Beyond its foundational activities, the MGM Group’s footprint includes:
Textiles and Apparel: The Group operates a readymade garment manufacturing unit in Khordha, notable for its focus on a women-centric workforce, supporting local employment and gender equality.
New Energy/Biofuels: Demonstrating a commitment to sustainable growth, the Group has ventured into the new energy sector, with plans for an ethanol plant in the Boudh district.
Hospitality: Under MGM Resorts Private Limited, the Group is developing high-end resorts and hotels, with projects like a resort near Mangalajodi, to promote Odisha’s natural beauty and tourism potential.
Sports Infrastructure: The establishment of the MGM School of Sports in Cuttack highlights the Group’s commitment to nurturing sporting talent and creating a holistic sports culture in the region. Shri Mohanty is the President Odisha Cricket Association.
The MGM Group approaches its social responsibilities through a dedicated commitment to community welfare, primarily channeled through the MGM Foundation and its operating entities.
Their CSR activities are designed to foster socio-economic growth, financial independence, and environmental stewardship in their peripheral communities.
The Group’s CSR framework is focused on the following key areas:
Healthcare and Welfare: Initiatives like ‘Jana Swasthya’ focus on making quality healthcare accessible in remote and underserved areas. The Group has also provided significant support during public health crises, including the donation of medical equipment and establishing advanced medical research facilities, such as the one for mucormycosis.
Education and Skill Development: Programs are in place to support technical and general education, including the appointment of teachers and promoting skill development to prepare local youth for industrial employment.
Environment and Sustainable Practices: The Group champions environmental responsibility with initiatives like extensive plantation drives, a ‘Zero Discharge’ water conservation strategy, and the use of Ambient Air Quality Monitoring Systems (AAQMS) to ensure lower emissions in its operations.
Rural Development and Livelihood: Efforts include supporting community infrastructure such as roads and drains, as well as empowering local communities through the creation of Women Self Help Groups and vocational training for sustainable livelihood generation.
National Heritage: The Group has made contributions towards the preservation and development of cultural and religious heritage sites, including supporting major public projects.
The MGM Group’s comprehensive approach to business expansion, paired with its strong commitment to social and environmental responsibility, positions it as a significant contributor to the vision of a Samruddha Odisha. Director MGM Group, Shri Siddhartha Mohanty briefed in details about the multifarious activities to the Honorable Guests.