CSR: Coal PSUs Spend Rs. 333 Cr on Community and Sustainability Initiatives in 2023-24

• The 2023-24 financial year witnessed significant investments and impactful outcomes from the Coal PSUs’ CSR initiatives.

• The CSR activities exemplify a profound commitment to business operations, societal upliftment and environmental stewardship.

CSR of Coal PSUs

NEW DELHI (India CSR): Throughout the financial year 2023-24, Coal PSUs – Coal India Limited (CIL), Singareni Collieries Company Limited (SCCL), and NLC India Limited (NLCIL) dedicated a robust Rs. 333.54 crores to Corporate Social Responsibility (CSR) efforts. These initiatives ranged across various domains including community development, health, environmental sustainability, and education, all aimed at creating lasting societal impacts.

Community Development and Education

Coal PSUs have significantly contributed to educational and community development. The “CCL ke Laal/Laadli” initiative particularly stands out, with ₹3.60 lakhs invested per student over two years, preparing them for prestigious engineering institutes.

The program’s success is evident, with 20 students admitted to IITs and 28 to NITs. Moreover, similar educational initiatives have been adopted by SECL, WCL, and CIL, showcasing a unified strategy to uplift educational standards across underprivileged communities.

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Installation of Smart Classes and Construction of Facilities

SCCL, SECL, and NLCIL have been proactive in enhancing educational infrastructure. SECL’s introduction of smart classes in Korba, Raigarh, and Umaria has already shown a positive impact on 782 students by reducing school dropout rates and improving performance. NLCIL’s focus has been on constructing school buildings and library facilities, benefiting over 1,463 students and providing access to educational resources to 10,000 community members.

The CSR initiatives of India’s Coal PSUs in 2023-24 demonstrate a strong commitment to business, societal betterment, and environmental care.

Skill Development Initiatives

In skill development, WCL’s free vocational training programs, in partnership with organizations like CIPET and ATDC, have empowered 985 individuals, enhancing employability in rural regions of Chandrapur, Nagpur, Bhopal, and Chhindwara. ECL’s efforts in operationalizing and upgrading ITI Sikitia have ensured job placements for 515 graduates at major companies like Adani Power and Tata.

Health and Well-Being

The health sector saw substantial contributions from Coal PSUs, with CIL’s Thalassemia Bal Sewa Yojana providing financial aid for 356 bone marrow transplants. NLCIL added value by setting up dialysis centers and establishing 28 medical oxygen plants across various states, enhancing medical infrastructure critical during emergencies.

Empowering Through Sports

CCL’s partnership with the Jharkhand government led to the establishment of “Khelgaon,” a sports academy which has benefitted over 3.24 lakh participants and produced numerous national and international level athletes. This initiative not only fosters sports but also promotes holistic development including education and health for young athletes.

Environmental Sustainability

NLCIL took charge of environmental sustainability projects like the de-silting of Walajah Lake and the widening of Senegal Odai & Middle Paravanar, which improved water availability and benefited over 100 villages. These initiatives demonstrate Coal PSUs’ commitment to maintaining ecological balance and supporting the well-being of future generations.

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Key Facts about CSR Activities of India’s Coal PSUs in 2023-24

In the fiscal year 2023-24, India’s Coal Public Sector Units (PSUs) such as Coal India Limited (CIL), Singareni Collieries Company Limited (SCCL), and NLC India Limited (NLCIL) demonstrated a strong commitment to Corporate Social Responsibility (CSR).

Below are ten pivotal facts that showcase their wide-ranging initiatives and their significant impacts across various sectors.

FAQs about CSR Activities of India’s Coal PSUs in 2023-24

1. What was the total investment made by Coal PSUs in CSR activities for the fiscal year 2023-24?

Coal Public Sector Units invested a total of ₹333.54 crores in Corporate Social Responsibility initiatives during the fiscal year 2023-24, covering a wide array of sectors including education, health, and environmental sustainability.

2. Can you describe one of the key educational initiatives undertaken by the Coal PSUs?

One notable educational initiative is the “CCL ke Laal/Laadli” program, which provided comprehensive support including free engineering entrance coaching, accommodation, and meals. This initiative helped numerous students gain admissions to prestigious institutions like IITs and NITs.

3. How are the Coal PSUs contributing to environmental sustainability?

In their commitment to environmental sustainability, NLCIL undertook significant projects like the de-silting of Walajah Lake and the widening of Senegal Odai & Middle Paravanar, which improved water availability and benefited over 100 villages.

4. What steps have been taken to address healthcare needs through CSR initiatives?

The Thalassemia Bal Sewa Yojana by CIL is a prime example, providing financial assistance for bone marrow transplants to underprivileged Thalassemia and Aplastic Anemia patients, with 356 patients benefitting so far.

4. What impact did the sports academy initiative have on local communities?

The “Khelgaon” sports academy, run by CCL in partnership with the Jharkhand government, engaged over 3.24 lakh participants in various sports competitions. This initiative not only promoted physical education but also supported participants with schooling, housing, and nutritional needs, fostering overall community development.

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Also Read: Corporate Social Responsibility of PSUs in India – India CSR