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Your email address will not be published.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

Production Capacity of Steel Plants

The details of steel plants in the country, along with their capacity, production and capacity ...

Production of Sail

Steel Authority of India Limited (SAIL) had undertaken Modernization and Expansion of its five Integrated ...

AM/NS India sets up six bed Covid Care Centre at Barbil

ArcelorMittal Nippon Steel India (AM/NS India), Odisha facility has established six-bed Covid Care Centre (CCC)at ...

Eco – Friendly Mining with Corporate Social Responsibility (CSR)         for Sustainable Development

As mining is hazardous in nature, each mine or a group of small mines should ...

158 lakh MT steel to be consumed in construction of houses sanctioned under PMAY(U): Hardeep Singh Puri

About 158 lakh Metric Tonne steel and 692 lakh Metric Tonne cementis likely to be consumed in construction of ...

Shri Dharmendra Pradhan appeals to steel industry leaders to partner with the Government in providing low-cost housing for migrant labourers

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

Ministry of Steel to organize a Webinar on  Aatmanirbhar Bharat: Fostering Steel Usage in Housing & Building Construction and Aviation Sectors

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

JSPL continues its effort to support the Fight against COVID-19

With an objective to support the district administration, government and the local community to fight ...

NTPC units of Orissa scales up its efforts to fight the Covid 19  pandemic in association with District Administration .

In pursuance to the fight against COVID-19 pandemic, NTPC units of Odisha has come forward ...

NALCO AND MCL to fund two dedicated Covid-19 hospitals in Odisha

National Aluminum Company (NALCO) and Coal India subsidiary Mahanadi Coalfields Limited (MCL) will fully fund ...

WP2Social Auto Publish Powered By : XYZScripts.com