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Corporate Social Responsibility (CSR) undertaken by Oil PSUs

India CSR by India CSR
November 25, 2019
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The Oil PSUs take up works in districts after approval from Competent Authority. Apart from that, as a part of their Corporate Social Responsibility (CSR), Oil PSUs have been undertaking CSR interventions around their work centres. Oil PSUs have been earmarking 2% of their Profits for CSR projects.

CSR activities are undertaken under the heads identified under Schedule VII of the Companies Act 2013 with special focus on Health (Nutrition, Sanitation, and Drinking Water), Education, Skill Development, Rural Development, Women Empowerment, Environment Centric Initiatives and Care for the Elderly & Differently-abled persons.

The CSR expenditure made by following Oil PSUs during the last three years are given below :

(Rs in Crore)

India CSR
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Oil PSUs2016-172017-182018-19
ONGC525.90503.44614.64
BPCL90.98166.02177.94
HPCL108.11156.87159.81
IOCL213.99331.05490.60
GAIL92.1691.65119.29
EIL11.0014.7410.04
OIL108.37100.58133.39
NRL20.7046.2454.85
CPCL1.879.1818.89

The project / activities wise details of the funds allocated and spent on the development and other works in various districts of the country including in Rajasthan, Maharashtra, Tamil Nadu and on water recharge and water harvesting in Gujarat during the last 3 years are available on the respective websites of the Oil PSUs.

CSR activities are undertaken by Oil PSUs themselves or through agencies/Departments of Central/State Governments as per their approved procedures. 

This information was given by the Union Minister for Petroleum and Natural Gas Dharmendra Pradhan in a written reply in the Lok Sabha today.


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Tags: CSR of Oil PSUsCSR of PSUs
India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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