NEW DELHI: Adani Power led by Gautam Adani carries its CSR activities through its dedicated CSR wing viz. Adani Foundation; during FY 2017-18, the copmay, along with its subsidiaries, have spent Rs. 5.65 Cr. towards CSR activities, Company’s annual report revealed. During previous year company CSR spending was Rs. 14.41 Crores.
Report says that, Adani Power is not required to incur any CSR expense as per the requirement of Section 135 of Companies Act, 2013. However for a noble cause, it has incurred expenses of Rs 0.01 Crores (Previous year – Rs 0.23 Crores) on the activities which are specified in Schedule VII of the Companies Act, 2013.
Rajesh S. Adani is the Chairman of the CSR committee and Vneet S Jaain and Nandita Vohra are members of Adani Power.
The major activities in which Corporate Social Responsibility was undertaken are Education Initiatives, Community Health Initiatives, Water Resource Development, Sustainable Livelihood Development Projects, Rural Infrastructure Development and Community Environment Projects.
Report says that CSR projects are aligned with the UN Sustainable Development Goals.
(India CSR Network)