Ports to Spend 3-5 % of Profits Through CSR: Minister

0
64

CHENNAI: The Shipping Ministry has earmarked 3-5 per cent of profits through ports for spending on Corporate Social Responsibility (CSR) initiatives, informed Minister for Shipping G K Vasan here on Saturday.

MS "E.R. Shanghai"Addressing reporters at a function organised by Ennore Port Limited, he said, “In this current fiscal year, Ennore Port Limited, Chennai Port Trust and V O Chidambaranar Port Trust have spent around Rs 2.72 crore, Rs 75 lakh and Rs 3 crore respectively for their CSR activities.”

Around 42 port extension projects worth Rs 14, 750 crore are in the pipeline, and contracts worth Rs 6,800 crore were awarded for 32 such projects this year on public-private partnership basis, he added.

On the Centre’s rejection of TN Assembly’s resolution over Eelam referendum, he said, “TN Congress will urge the Centre to do some good to the Tamils there.” He also reiterated that there was no possibility for early polls.

Express News Service, 31 March 2013

Photo: http://www.followthatfireengine.com

Comments

comments

SHARE
Previous articleCourt Issues Summons to Jindal Power Over Green Norms Breach
Next articleEntries Open for the ‘Social Entrepreneur of the Year’ India 2013 Award
India CSR Network
India CSR Network is India's biggest and most trusted news portal in the domain of CSR & Sustainability. India CSR welcomes stories, statements, updates, reports on issues that interest you. Feedback, comments will make it more purposeful and resourceful. It is designed and maintained by India CSR Group. Contents are non-fiction. Though all efforts have been made to verify the accuracy, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the source(s). Statement, articles, views and contributions can be sent to editor@indiacsr.in