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Your email address will not be published.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 *



Check Also

National Steel Policy

National Steel Policy enshrines the long term vision of the government to give impetus to ...

Performance of Government-Owned Steel Companies

There are two steel manufacturing Public Sector Undertakings (PSUs) under the administrative control of Ministry ...

Steel minister  congratulates ArcelorMittal Nippon steel and Odisha government for signing of MOU for setting up mega steel plant in Kendrapada

Minister of Steel and PNG Shri Dharmendra Pradhan has extended his congratulations to steel major ...

Dharmendra Pradhan says that metals and mining sector can play an important role in the making of an Aatmanirbhar Bharat

The Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today said that ...

Demand and Production of Steel

The announcements in Budget for the Financial Year, 2021-22 viz. Capex allotment of  Rs. 1,07,100 ...

JSPL Launches Primary Eye Health Services for Truck Drivers

Leading Steelmaker of India Jindal Steel & Power Ltd (JSPL) rolled out a programme for ...

Collector Appreciates JSPL Foundations for Women Empowerment Initiatives

Collector and District Magistrate of Angul MrSiddharth Shankar Swain, IAS visited the Jeevika Kendra (Women ...

Ministry of Steel to organise Webinar on Fostering Steel Usage in Rural and Agriculture Sector

Ministry of Steel in association with Confederation of Indian Industry (CII) is organizing a Webinar ...

Shri Dharmendra Pradhan appeals to Steel Industry Leaders to work towards making India Atmanirbhar,

The Minister of Steel & Petroleum and Natural Gas Shri Dharmendra Pradhan has appealed to ...

Steps to facilitate the reduction of Steel imports

Government has taken following steps to facilitate the reduction of Steel imports,:- (i)         Steel Import ...

WP2Social Auto Publish Powered By : XYZScripts.com