MUMBAI: Reliance Foundation, CSR arm of Reliance Industries Ltd, is India’s single largest CSR spender. In the last five years, Reliance Foundation has spent over Rs. 3,150 crore, much beyond the 2 per cent net profit mandated by law for CSR, it said in a statement.
The Mukesh Ambani-controlled firm is also the single largest investor, having invested more than Rs. 3,30,000 crore ($51 billion) in the last five years. It had invested more than Rs. 2,00,000 crore in Jio to set up the company from scratch, it said in a statement.
Reliance Industries Ltd has been the highest tax payer in the country, with the company contributing more than Rs. 2,88,000 crore ($45 billion) to the national exchequer in last 10 years.
RIL has invested more than Rs. 1,30,000 crore in the energy and materials business and $5.7 billion in US shale investments at its peak, but now partially sold, it added.