Home » CSR » CSR activities by CPSEs under Ministry of Steel 

CSR activities by CPSEs under Ministry of Steel 

As per the Companies Act, 2013, Central Public Sector Enterprises (CPSEs) under Ministry of Steel earmark at least 2% of the average net profits made during the three immediately preceding financial years for Corporate Social Responsibility (CSR) activities. Unspent balance for the previous year, if any, is carried forward to the next year for utilisation for the purpose for which it was allocated.

The details of amount spent on CSR activities by the CPSE under Ministry of Steel during the last three year is as under:-

(Rs. In lakhs)

Name of CPSE 2016-17 2017-18 2018-19
Steel Authority of India Limited(SAIL) 2905 2570 3118
Rashtriya Ispat Nigam Limited(RINL) 853 960 1030
NMDC Ltd. 17418 16937 16724
MOIL Ltd. 1143 962 929
MSTC Ltd. 80 215 200
MECON Ltd. 67 49 17
KIOCL Ltd. 38 16 33

Thrust areas of the CSR activities inter-alia include promotion of education & health, women empowerment, sustainable income generation through Self Help Groups, assistance to divyangs, access to water and sanitation facilities, village development, environment sustenance, Sports Coaching, Promotion of Traditional Art & culture etc. CSR Projects are located in the States of Chhattisgarh, West Bengal, Jharkhand, Andhra Pradesh, Bihar, Odisha etc. The CSR works benefit society at large, therefore, exact number of beneficiaries due to individual work by CPSEs, location-wise and undertaking-wise, is not measurable and is not maintained.

CSR funds are not allocated State-wise, CSR projects by CPSEs under Ministry of Steel are mainly carried out in periphery of steel plants, steel townships and mines which are predominantly inhabited by Scheduled Tribe, Scheduled Castes and Backward population.

This information was given by Minister of Steel, Shri Dharmendra Pradhan in a written reply to the Lok Sabha today.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Steel Plants 

The State-wise number and details of the Steel plants established by the Government and other ...

NALCO TO GET PRESIDENT’S AWARD FOR EXCELLENT CSR IN RECOGNITION OF NALCO KI LADLI SCHEME

National Aluminium Company Limited (NALCO), the Navratna CPSE under Ministry of Mines, Govt. of India, ...

Policy to Increase Export of Steel 

Export incentive schemes of Ministry of Commerce & Industry are aimed at incentivising merchandise exports ...

NMDC: Nurturing Talents of Bastar, Chhattisgarh

NMDC in association with Chhattisgarh Govt. runs an education initiative named “Choo Lo Asman” for supporting ...

Steel Production and Export 

Export and import are dynamic situation which keep fluctuating based on factors like cost of ...

38 Moussigned at Bhubaneswar Steel Conclave 

Capital Goods(CG) producers from across the globeinked 38 MoUs with Indian steel companies which will ...

Conclave on Capital Goods in Steel Sector in Bhubaneswar 

Ministry of Steel is organising a Conclave on “Capital goods in Steel sector: Manufacture in ...

Sail’s Strategic Approach to Improve Operational Profitability helps Margins 

Chairman and Managing Director, SAIL Saraswati Prasad has said the persistent strategic approach to improve ...

Binoy Kumar Assumes Charge of Secretary in Steel Ministry 

  Binoy Kumar, has taken over as Secretary, Ministry of Steel, Government of India, here ...

JSPL Foundation announces two scholarship programmes

JSPL Foundation, the CSR Arm of Jindal Steel & Power Ltd (JSPL), has announced two ...